(Bloomberg) — The precious-metals business at JPMorgan Chase & Co. operated for years as a corrupt group of traders and sales staff who manipulated gold and silver markets for the benefit of the bank and its prized clients, a federal prosecutor told jurors in Chicago. “This case is about a criminal conspiracy inside one of […]
Read More(Bloomberg) — Elon Musk said he’s terminating his $44 billion agreement to acquire Twitter Inc. and take it private, triggering a legal fight with the company. Twitter has made “misleading representations” over the number of spam bots on the social network, and hasn’t “complied with its contractual obligations” to provide information about how to assess […]
Read MoreNEW BUYS Symbol Last ST Trend Signal St. Rank TH Target Hospitality Corp $7.61 Up Buy 99 SRTS Sensus Healthcare Inc $9.05 Up Buy 99 IRTC Irhythm Technologies Inc $141.72 Up Buy 99 RELL Richardson Electrncs $15.45 Up Buy 98 MCK Mckesson Corp $331.20 Up Buy 98 ETF NEW BUYS Symbol Last ST Trend Signal […]
Read MoreGrocery Outlet Holding Corp. owns and operates a network of independently operated stores in the United States. The company’s stores offer products in various categories, such as dairy and deli, produce, floral, and fresh meat and seafood products. GO $44.2200 -0.6100 % -1.3600 Grocery Outlet Holding Corp Sector : Consumer Staples Industry : Consumer Prdts […]
Read MoreNorthrop Grumman Corporation (NOC) Northrop Grumman Corporation operates as an aerospace and defense company worldwide. The company’s Aeronautics Systems segment designs, develops, manufactures, integrates, and sustains aircraft systems. Huntington Ingalls Industries, Inc. (HII) Huntington Ingalls Industries, Inc. engages in designing, building, overhauling, and repairing military ships in the United States. It operates through three segments: […]
Read More(Bloomberg) — Gasoline prices in the US just saw the biggest single-day drop in more than a decade. Average US pump prices fell by 3.1 cents to $4.721 a gallon overnight, marking the largest daily drop since December 2008, according to auto club AAA. Prices at the pump have been falling for the past 24 […]
Read MoreFlowers Foods, Inc. (FLO) Flowers Foods, Inc. produces and markets packaged bakery products in the United States. It offers fresh breads, buns, rolls, snack cakes, and tortillas, as well as frozen breads and rolls under the Nature’s Own, Dave’s Killer Bread, Wonder, Canyon Bakehouse, Mrs. Freshley’s, and Tastykake brand names. Sprouts Farmers Market, Inc. (SFM) […]
Read MoreBuy Price: $255.25 or better Sell Price: TradersPro Sell Signal Murphy USA Inc. engages in marketing of retail motor fuel products and convenience merchandise. The company operates retail stores under the Murphy USA, Murphy Express, and QuickChek brands. As of December 31, 2021, it operated 1,679 retail gasoline stores principally in the Southeast, Southwest, and […]
Read More(Bloomberg) — A quarter-trillion dollar pile of distressed debt is threatening to drag the developing world into a historic cascade of defaults. Sri Lanka was the first nation to stop paying its foreign bondholders this year, burdened by unwieldy food and fuel costs that stoked protests and political chaos. Russia followed in June after getting […]
Read MoreBeing a value-oriented investor means that seeing stocks trading at or near historical lows tends to pique a value investor’s interest. For growth investors, that sounds odd since growth investing puts an emphasis on upward trends and stocks trading at or near historical highs. Sometimes a long decline in a stock’s price can be attributed […]
Read More(Bloomberg) — John Paulson was accused by his wife Jenica of secretly creating a series of trusts to hide billions of dollars in assets from her in their divorce. Most Read from Bloomberg Jenica Paulson, 50, sued her husband Thursday in state court in Manhattan, claiming he and “a cadre of hand-picked agents and advisors” […]
Read More(Bloomberg) — Investors are hoarding cash and hiding in US Treasuries as they dump equities amid fears that the US economy is headed for a recession. Nearly $63 billion flowed into cash in the week through July 6, while global equity funds had redemptions of $4.6 billion, according to Bank of America Corp. note citing […]
Read MoreIllustration by Elia Barbieri Economists and pundits who expect recession but not until 2023 may soon be surprised to find it already at our doorstep. That’s a big deal. It matters whether a recession comes sooner or later, for the following reasons. First, despite large setbacks in global equity and credit markets this year, investors […]
Read More(Bloomberg) — A pall of gloom descended on global markets as former Japanese Prime Minister Shinzo Abe was shot to death. The news was a further blow to investors already reeling under the worst economic challenges since the 2008 financial crisis. They sent US stock-index futures European equities lower as they awaited employment data to […]
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