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Stocks

“Under Armour shares surge 20% after posting ‘better than feared’ quarterly sales”

“…Here’s how the athletic apparel company did in its fiscal first quarter compared with what Wall Street was anticipating, based on a survey of analysts by LSEG: In the three months ended June 30, Under Armour reported a loss of… Continue Reading…

Business, Stocks

“Wall Street isn’t pleased that Kevin Plank is returning as Under Armour’s CEO, shares plunge 12%”

“…Shares of the athletic apparel company plunged about 12% on Thursday after the retailer announced late Wednesday that CEO Stephanie Linnartz would be stepping down after barely a year on the job and Plank would replace her on April 1.  Following the… Continue Reading…

Business

“How did Jeffrey Epstein make all of his money?”

“…Accused of abusing [RAPING] dozens of teenage girls before dying by [a highly suspicious so called] suicide in a federal prison in 2019…  a filing in his criminal case pegged his net worth at roughly $560 million. Epstein’s assets also included… Continue Reading…

Business

“Bill Gates buying up land, threatening small farms under guise of saving planet, author claims”

“A new book aimed at “exposing the billionaire class” says Microsoft co-founder Bill Gates’ investments in patented fertilizers, fake meat and U.S. farmland aren’t saving the planet but rather enriching his bank account… Author and investigative journalist Seamus Bruner — who led… Continue Reading…

Banking

“Fed reverse repos fall under $1 trillion for first time since August 2021”

“The Federal Reserve’s efforts to drain liquidity from the financial system have finally pushed inflows into a critical central bank tool below the $1 trillion mark for the first time since late summer 2021. Cash from money market funds and… Continue Reading…

Banking

“Big banks have to raise capital by as much as 19% under proposed US rules”

“US regulators are proposing that big banks increase their capital levels to protect against future blowups following a regional banking crisis, one of the most sweeping overhauls of how lenders are regulated since the 2008 financial crisis… …Agency officials said… Continue Reading…

Banking

“US Regional Banks Remain Under Pressure as First Republic Sinks”

“…Regional banks were among the hardest hit as the KBW Regional Banking Index sank 7.7%, its sharpest plunge since June 2020. The rapid selloff came even as the Treasury Department, Federal Reserve and Federal Deposit Insurance Corp. said they were… Continue Reading…

Banking, Economy

“Turkey cuts interest rates again as country struggles under 80% inflation”

“Turkey’s central bank surprised markets once again with its decision Thursday to cut its key interest rate, despite inflation in the country surging beyond 80%. The country’s monetary policymakers opted for a 100 basis point cut, bringing the key one-week… Continue Reading…

Cryptocurrencies

“Fake crypto apps have stolen over $42 million from investors in under a year…”

“The FBI says 244 investors in under a year have been scammed out of around $42.7 million through fraudulent mobile applications that claim to be legitimate cryptocurrency investment platforms. According to a new warning from the FBI, cyber criminals are attempting to… Continue Reading…

Economy

“72% of six-figure earners are men, while 57% of workers making under $25,000 are women, survey finds”

“Many Americans agree it now takes a six-figure salary — at least — to get by amid today’s rising prices and economic uncertainty. Yet, 72% of six-figure earners are men, according to a recent report by MagnifyMoney that’s based on an analysis… Continue Reading…