Day: June 28, 2022

Lay Offs

Tesla Lays Off About 200 Autopilot Workers, Most of Them Hourly

(Bloomberg) — Tesla Inc. laid off hundreds of workers on its Autopilot team as the electric-vehicle maker shuttered a California facility, according to people familiar with the matter. Surprisingly, the majority of those who were let go were hourly workers, said the people, who asked not to be identified discussing private information. As recently as […]

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Crypto Crash

‘Bitcoin Jesus’ Roger Ver Spars With Crypto Exchange CoinFlex Over Margin Call

(Bloomberg) — A public dispute between a longtime crypto investor and a digital-asset exchange is the latest in a series of mini-crises that have rocked crypto markets in recent weeks. CoinFlex, a crypto exchange, on Tuesday named Roger Ver as the counterparty who failed to pay $47 million of stablecoin in a margin call. CoinFlex […]

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Goldman Sachs
Investing Mistakes

Goldman Sachs Sees Losses From Consumer Push Exceeding $1.2 Billion This Year

(Bloomberg) — When Goldman Sachs Group Inc. executives set out to woo investors in early 2020, they offered a promising outlook for their novelty Main Street business. The unit would go from a money-suck to break-even in 2022. It isn’t quite working out that way. The Wall Street titan’s internal projections show the consumer business […]

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Trade Of The Day

Here’s Why FTI Consulting, Inc. (FCN) Might Be A Hidden Gem

FTI Consulting, Inc. provides business advisory services to manage change, mitigate risk, and resolve disputes worldwide. The company operates through five segments: Corporate Finance & Restructuring, Forensic and Litigation Consulting, Economic Consulting, Technology, and Strategic Communications. FCN $173.5900 -0.7500 % -0.4300 Fti Consulting Sector : Business Services Industry : Consulting Signal Short Term Trend Long […]

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Top Stocks
Top Stocks To Watch

3 Consulting Stocks To Buy Now

Information Services Group, Inc. (III) Information Services Group, Inc., together with its subsidiaries, operates as a technology research and advisory company in the Americas, Europe, and the Asia Pacific. The company offers digital transformation services, including automation, cloud, and data analytics. Exponent, Inc. (EXPO) Exponent, Inc., together with its subsidiaries, operates as a science and […]

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Daily Rundown

Construction, Healthcare, Biopharmaceuticals, Jewlery

Dycom Industries, Inc. (DY) Dycom Industries, Inc. provides specialty contracting services in the United States. The company offers program management and engineering services; plans and designs aerial, underground, and buried fiber optic, copper, and coaxial cable systems. Centene Corporation (CNC) Centene Corporation operates as a multi-national healthcare enterprise that provides programs and services to under-insured […]

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Electric Power
One Hot Stock

Unitil Corporation (UTL)- Buy Price: $58.90 or better

Buy Price: $58.90 or better Sell Price: TradersPro Sell Signal Unitil Corporation, a public utility holding company, engages in the distribution of electricity and natural gas. It operates through three segments: Utility Electric Operations, Utility Gas Operations, and Non-Regulated. The stocks founds in the One Hot Stock category use stocks that are in long term, short term […]

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Cathie Wood

Cathie Wood Says She Got Inflation Wrong, Continues Ark Strategy

(Bloomberg) — Cathie Wood on Tuesday said she erred in her prediction inflation would unravel as the prices of goods and services in the US soared to 40-year highs. “We were wrong on one thing, and that was inflation being as sustained as it has been,” Wood, founder and chief executive officer of Ark Investment […]

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SEC Regulation

EY Pays $100 Million SEC Fine Over CPA Ethics Exam Cheaters

(Bloomberg) — Ernst & Young LLP admitted that dozens of its audit personnel cheated on the ethics portion of the Certified Public Accountant exam and that the firm misled US regulators probing the misconduct, according to the Securities and Exchange Commission. The SEC announced on Tuesday that EY would pay a $100 million fine — […]

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Chemical Products
Value Investing

DOW’s fall from grace could be a big buy

Through the end of April, the Materials sector defied an uncertain market and economic picture in 2022. What a difference a couple of months makes! As measured by the S&P 500 Materials Sector SPDR (XLB), the sector finally surrendered to the broadly bearish conditions of the rest of the market to drop from a peak […]

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China to Ban Over One Million ‘Fake’ Foreign A-Share Investors

(Bloomberg) — China will ban more than one million mainland investors from trading onshore shares via the stock connect programs with Hong Kong, as authorities act on a new regulation to crack down on “fake foreign capital.” Under the rules taking effect on July 25, domestic investors with Hong Kong accounts can no longer purchase […]

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