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Business, Stocks

“Exxon Rival Could Be First Oil Major To Resume Stock Buybacks”

“BP (BP) announced Tuesday that it likely hit its debt-reduction target in the first quarter, helped by assets sales and rebounding oil prices. BP stock rose.it’s now been more than a year since the coronavirus pandemic hit if you can believe… Continue Reading…

Banking

“These banking giants are headed to major losses after Archegos debacle”

“Investment banks Credit Suisse and Nomura said they would incur significant losses after the U.S.-based hedge fund was forced into a fire sale of assets and defaulted on its margin calls. “The estimated amount of the claim against the client… Continue Reading…

Economy

“Biden Eyes First Major Tax Hike Since 1993 in Next Economic Plan”

“President Joe Biden is planning the first major federal tax hike since 1993 to help pay for the long-term economic program designed as a follow-up to his pandemic-relief bill, according to people familiar with the matter. Unlike the $1.9 trillion… Continue Reading…

Stocks

“3 “Strong Buy” Healthcare Stocks With Major Catalysts Approaching”

“Aquestive Therapeutics (AQST)… All in all, other analysts echo Moussatos’ sentiment. 3 Buys and no Holds or Sells add up to a Strong Buy consensus rating. With an average price target of $18.67, the upside potential comes in at 136%…… Continue Reading…

Business

“…What to expect as oil and gas majors unveil their second-quarter results”

“Oil and gas majors are likely to report “horrendous” second-quarter results over the next two weeks, energy analysts have told CNBC, with the three-month period through to the end of June widely expected to mark the “low point” of 2020…… Continue Reading…

Investing

“Should you buy a piece of your favorite sports team?”

“Major League Baseball will soon allow investment funds to purchase small stakes in its clubs, Bloomberg reported. It’s a move that could let Wall Street firms, college endowments and high-net-worth individuals buy into the sport… Still, baseball team values have soared… Continue Reading…

Economy

“Millennials are about to trigger a major ‘changeover point’ for the US economy, asset manager says”

“U.S. adults aged between 21 and 38 years old will prioritize “necessity spending” over the next decade, Bill Smead told CNBC’s “Squawk Box Europe” on Monday. It comes after a 10-year period in which the same age group has “lived… Continue Reading…

Banking, Economy

“Dollar hits 2-year high, threatens to reach another major milestone”

“The dollar hit a two-year high Tuesday as slowing global growth and more aggressive monetary easing overseas sent investors into the reserve currency. The U.S. Dollar index rose to a high of 99.37, its highest level since May 2017, when… Continue Reading…

Banking, Business, Stocks

“Deutsche Bank shares slump more than 7% as lender gets ready for major overhaul”

“Deutsche Bank shares slumped more than 7 percent as the German lender announced a mass restructuring program over the weekend. In one of its boldest overhauls, the bank will see 18,000 jobs cut by 2022 and the closure of its global… Continue Reading…

Predictions, Opinions, & Comments

Houston We Have A Problem: Major Flaw In Robinhood

What I’m about to say is extremely serious. I may have to user another App instead of Robinhood. I should have made 175 dollars today and Robinhood for one: sold my penny stock at 2 cents under the given price… Continue Reading…