October 18, 2021
“The wealthiest 10% of Americans now own 89% of all U.S. stocks, a record high that highlights the stock market’s role in increasing wealth inequality. The top 1% gained over $6.5 trillion in corporate equities and mutual fund wealth during the Covid-19… Continue Reading…
April 15, 2021
“Retail investing behemoth Charles Schwab added more clients in the first three months of 2021 than in all of 2020. Schwab added a record 3.2 million new clients in the first quarter of 2021. The firm added about 2.4 million… Continue Reading…
April 15, 2021
“U.S. stocks climbed to record levels on Thursday after key companies reported strong earnings and fresh economic data pointed to a rebound in consumer spending and the jobs market. The Dow Jones Industrial Average rose 260 points to hit an… Continue Reading…
March 17, 2021
“As the post-pandemic economy begins to surge forward, the Biden administration has an awkward economic problem. The rewards of renewed prosperity are likely to be distributed very unequally, with rich people and companies getting richer — adding to the United… Continue Reading…
January 25, 2021
“Bitcoin’s price rose on Monday after a brutal sell-off that saw the virtual currency briefly dip below $30,000. Meanwhile, ether — the world’s second-biggest cryptocurrency — hit a fresh record high. Bitcoin rose more than 7.4% in the last 24 hours to trade… Continue Reading…
October 27, 2020
“Banks haven’t been among the hot groups lately. But there are exceptions like SVB Financial (SIVB). The IBD SmartSelect Composite Rating for the parent of Silicon Valley Bank shot to 96 on Monday, up from 89 earlier.Volume 0%01:2301:23 The upgrade means that SIVB… Continue Reading…
October 26, 2020
“Ant Group would raise $34.5 billion in its dual initial public offering after setting the price for its shares on Monday, making it the biggest listing of all time. The Chinese financial technology giant previously said it would split its stock… Continue Reading…
September 5, 2020
“Shares of DraftKings rose 8% on Wednesday after the company said Michael Jordan is joining the betting company as a special advisor to the board of directors. Jordan, a member of the National Basketball Association Hall of Fame, will have an equity… Continue Reading…
August 21, 2020
“Sales of existing homes soared 24.7% in July from June, according to the National Association of Realtors. That’s the strongest monthly gain in the history of the survey, going back to 1968, and the highest sales pace since December 2006.… Continue Reading…
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