Daily Trade

The Federal Deposit Insurance Corporation, which protects depositors against the failure of member banks, on Friday issued cease-and-desist order to five companies including digital-asset exchange FTX U.S., for allegedly making false representations that certain products or stocks are FDIC-insured.  The entities that received warnings also include Cryptonews.com, Cryptosec.info, SmartAsset.com and FDICCrypto.com, according to an FDIC

Is the upcoming stock buyback tax bad news or no big deal? That’s what investors are asking now, following President Biden’s signing of the Inflation Reduction Act into law on Aug 16. For some industries, this $437 billion spending package could potentially result in a windfall. Shares in EV makers like Tesla (NASDAQ:TSLA), as well

This article is reprinted by permission from NerdWallet.  Despite what some travelers might think, booking a hotel in advance usually isn’t a good idea. The savings aren’t huge, but booking at the last minute knocks about 13% off the price of a hotel room, on average. But what about short-term vacation rentals like Airbnb? ABNB, -0.49% NerdWallet

Amid July’s surprisingly robust jobs report, the popular internet search term “tech layoffs 2022” presents a sharp contrast to the underlying enthusiasm. Yes, from a broader perspective, employment may be rising. However, a large chunk of the higher-paying opportunities — particularly in the technology sphere — have considerably faded. While the narrative might not make

Investor Ryan Cohen has confirmed that he sold his entire stake in retailer Bed Bath & Beyond Inc. with profit of more than $58 million, and shares plummeted in after-hours trading for a second consecutive day Thursday. A filing with the Securities and Exchange Commission that was made public after markets closed Thursday showed that

Rules are there to be broken. That may be a standard mantra for anarchists. But for traders such thinking may prove to be dangerously dismissive. Investors therefore may like to consider the latest note from Bank of America’s Savita Subramanian in which the star analyst describes how “one rule with a perfect track record says

My criteria for identifying the top growth stock picks are fairly simple and straightforward. In general, I try to identify names that can benefit from strong, ongoing macro trends and whose businesses are growing rapidly or are very well-positioned to do so. And of course, I only recommend names whose valuations are reasonable, since stocks

The 2-year Treasury yield reached its highest level since June on Wednesday after minutes of the Federal Reserve’s most recent meeting showed policy makers see a risk they might need to tighten “by more than necessary” to restore price stability. What’s happening The yield on the 2-year Treasury TMUBMUSD02Y, 3.278% rose 4.4 basis points to

An average American throws out 60-80 pounds of used clothing in a lifetime. Add up all the people tossing the items they’re tired of and we’re talking many lifetimes of polluting degredation in a landfill. Nowadays, as younger generations in particular rethink consumption, the thrift or secondhand store is attracting shoppers who are not just mindful

Hot stocks took on a whole new meaning during meme stock mania. The question now is: are meme stocks back? It certainly looks like it judging by the way several securities have been trading in recent weeks. While some analysts and investors are labeling a slate of companies, primarily financial firms based in Hong Kong,

Stocks aren’t the only thing sizzling this summer. U.S. corporate bonds with speculative, or “junk,” credit ratings also have staged a breakneck rally in recent weeks, picking up momentum seen lately in major stock indexes as investors bet on a softish landing for the economy. Junk bond spreads last week posted their quickest retreat on

Staying healthy, keeping job skills up-to-date and taking classes to learn new skills are the top ways to stay relevant no matter where you are in your career, employers said in a recent study. The problem is that workers aren’t necessarily doing these things. In a recent study by the Transamerica Institute, employers’ top recommendations

The House of Representatives passed the Inflation Reduction Act on Aug. 12. It now goes to President Joe Biden’s desk. The bill is expected to generate $739 billion in revenue, according to the Congressional Budget Office (CBO). Of the $739 billion in revenue, $433 billion will be for new spending, while the remainder will be

This article is reprinted by permission from NextAvenue.org. My teenage son and I volunteered together for a local Meals on Wheels program in the summer of 2020, when COVID had caused an uptick in the need for home meal delivery services and a decrease in volunteers. We were assigned a route of eight clients, all of whom lived

AstraZeneca PLC said Monday that its Enhertu drug significantly delayed metastatic breast cancer progression in a Phase 3 trial, reinforcing the results of a prior trial. The Anglo-Swedish pharma giant AZN, +2.28% said results from the Destiny-Breast02 Phase 3 trial of Enhertu–trastuzumab deruxtecan–showed the trial met the primary endpoint, demonstrating a significant and clinically meaningful

The “crying CEO” said he never intended to become a viral phenomenon. Braden Wallake’s emotional LinkedIn post about having to lay off employees at his Ohio-based marketing-services company became the talk of social media this past week. But Wallake told MarketWatch he was as surprised as anyone that so many people responded to what he

A 14-room duplex in one of New York City’s most well-heeled co-op buildings, 740 Park Ave., came on the market Wednesday asking $26 million. Built in 1929 by James T. Lee, the banker and real-estate investor grandfather of Jacqueline Kennedy Onassis, the building was designed by noted New York City architect Rosario Candela. The future

A jersey that Michael Jordan wore during a 1998 NBA Finals game in Utah will be auctioned by Sotheby’s online from Sept. 6-14. With a presale estimate of between $3 million and $5 million, it will be the most expensive price for a Jordan jersey, or any piece of Jordan memorabilia, the auction house said.

Retail stocks could have a busy few days as earnings season is in full swing. Next week we’ll get quarterly prints from a series of leading retailers. Taken together, the results should provide strong indications of the state of the U.S. economy and consumer spending. As inflation remains high and interest rates used to combat

Details of what the FBI took from former President Donald Trump’s Florida estate were released Friday, including top-secret documents. Agents took binders of photos, a handwritten note and a grant of clemency for Trump ally Roger Stone, according to a list of items removed Monday from the ex-president’s Mar-a-Lago private club in Palm Beach, Fla.