Investing
On Friday October 6, the Employment Situation report for the month of September will be released by the Bureau of Labor Statistics. The Fed will be watching for signs that the job market is cooling. Inflation has now declined to levels closer to the Fed’s goal on recent figures, so…
WeWork Inc. said late Monday it was skipping some interest payments so it can discuss its options with its lenders and preserve some of its liquidity. All told, the payments consist of about $37.3 million in cash and $57.9 million in debt, each due Monday, the company said in a…
Coinbase (COIN) along with bitcoin (BTC) saw their prices surge briefly at the end of August as the U.S. Court of Appeals for Washington D.C. sided with the former in the ongoing Grayscale vs. SEC tussle over Grayscale’s proposal to convert the GBTC Trust (GBTC) accredited into a spot exchange-traded…
Taylor Swift continues to boost the NFL’s profile. NBC’s Sunday Night Football game between the New York Jets and the Kansas City Chiefs averaged 27 million viewers, making it the most-watched TV show since Super Bowl LVII in February, according to NBC’s PR team. Swift attended the Chiefs’ 23-20 win…
What happened to the stock-market rally? Simple: it’s been undermined by two overdone fears: of a housing-market correction and worries around a government shutdown. But well reported-on events like these rarely have the big impact most people think they do. In fact, this pullback in stocks is a buying opportunity,…
Torrential rain, catastrophic floods, high winds, resilient wildfires — some states are facing the growing dangers of a rapidly changing, mercurial climate that is making life costly for many homeowners in high-risk states. “New buyers are often not aware of how high insurance premiums can be,” says Joseph Ortiz, a…
Shares of Bed Bath & Beyond Inc. have been eliminated, marking the latest chapter in the demise of the onetime home-goods behemoth and meme-stock darling. In a filing Friday, Bed Bath & Beyond BBBYQ, -28.27% said that its shares are canceled, and “have no value” as the company’s bankruptcy plan takes…
Ether futures-based exchange-traded funds may increase institutional adoption of crypto, but are not necessarily beneficial to crypto prices in the medium term, according to analysts. The first ether futures-based exchange-traded funds have debuted in the U.S., as ProShares, VanEck and Bitwise, said they launched such products, respectively, on Monday. The…
Oil futures ended sharply lower Thursday, giving up gains that had seen the U.S. benchmark trade above the $95-a-barrel threshold for the first time in a year as investors weighed tightening U.S. crude inventories.Price action West Texas Intermediate crude for November delivery CL00, -0.72% CL.1, -0.72% CLX23, -0.72% fell $1.97,…
Oil futures ended lower on Friday, but posted gains for the month as well as the quarter, with some analysts and traders expecting prices to resume their rise toward the $100-a-barrel threshold as the supply outlook continues to tighten. Price action West Texas Intermediate crude CL00, -0.23% for November delivery…