US equity markets closed in the red on August 15 with the PowerShares QQQ ETF (QQQ) down 1.2%. On a YTD (year-to-date) basis, QQQ has risen 15.5% and looks pretty solid. The so-called “FAANG” stocks—Facebook (FB), Apple (AAPL), Amazon (AMZN), Netflix (NFLX), and Google (GOOG)—have delivered strong YTD returns with the exception of Facebook. The FAANG stocks came under pressure yesterday, but it wasn’t really a panic situation.
Shane Bowen is taking over as the New York Giants defensive coordinator and things are going to be different than the way Wink Martindale ran the unit the past two seasons. “I hope they see us flying around, playing with speed, playing with great effort,” Bowen said Monday after the Giants reported for the opening phase of their offseason training. The goal for Bowen, who spent the past three seasons as a Tennessee Titans defensive coordinator, is to improve a unit that finished in the bottom quarter of the league in both total defense and rushing defense in each of the past two seasons.
The U.S. economy was showing signs of stronger than expected growth, with California being a strategically important market, said the head of Bank of Montreal, which has rapidly expanded in its southern neighbour. CEO Darryl White, addressing shareholders at the bank's annual meeting, said the bank was well positioned to cater to clients between American and Canadian economies in a shifting global landscape. BMO, Canada's third largest bank by market capitalization, makes about a third of its income from the United States after its $16.3 billion Bank of the West acquisition last year, the biggest ever deal in Canadian banking history.
It might seem bad, but the worst that can happen when you buy a stock (without leverage) is that its share price goes...
The dollar reached a five-month high against the euro on Tuesday after Federal Reserve Chair Jerome Powell said the U.S. central bank may need to keep rates higher for longer as inflation remains sticky. The greenback also hit its highest level against the Japanese yen since 1990, with traders on alert for possible intervention by Japanese authorities. Stickier-than-hoped inflation in particular is seen as making it less likely that the Federal Reserve will begin cutting interest rates in the coming months.
U.S. short-term funding costs rose slightly this week due to tax-related outflows and demand for cash to finance the Treasury's debt issuance, but market participants said there was no indication of broader liquidity issues. Monday was the U.S. federal government deadline for income tax returns, which is generally associated with a drop in financial sector liquidity as individuals draw down cash from bank deposits and money market funds to pay their taxes. The Secured Overnight Financing Rate (SOFR), the main measure of the cost of borrowing cash overnight collateralized by Treasury securities, was up only one basis point on Monday, at 5.32%, Federal Reserve data showed on Tuesday.
Honoring the Legacy, Transforming our FutureNEWARK, NJ, April 16, 2024 (GLOBE NEWSWIRE) -- Today, UNCF (United Negro College Fund) New Jersey announced that Sebastian Guth, Chief Operating Officer of Bayer Pharmaceuticals and President of Bayer US, will serve as honorary chair for its 80th anniversary/Masked Ball Gala, scheduled for July 13, 2024 at Cedar Hill Country Club, Livingston, New Jersey. “I am very pleased to serve as the Honorary Chair of UNCF’s 80th anniversary Gala,” commented Mr. G
Dow Jones software giant Microsoft and Nvidia stock are near new buy points amid the weak stock market action in recent sessions.
SAN FRANCISCO, April 16, 2024 (GLOBE NEWSWIRE) -- Raydiant, the leading in-location Experience OS for retailers, today announced the findings from its first annual “The State of AI in Retail.” Drawing from a survey of 172 retail technology leaders, the report explores the adoption and impact of artificial intelligence in retail, with a focus on competitive advantages, operational efficiency, and the different use cases retailers are experimenting with. Commenting on the findings, Bobby Marhamat,
The Phoenix Suns and guard Grayson Allen have finalized a multi-year deal that will keep him with the franchise following the best season of his NBA career. Allen, 28, averaged a career-high 13.5 points per game while leading the NBA with a 46.1% percentage from 3-point range. The sixth-seeded Suns will face the No. 3 seed Minnesota Timberwolves in the first round of the Western Conference playoffs.
The Nasdaq Composite was up 0.2%. The Dow was on track to snap a six-session losing streak. Federal Reserve Chair Jerome Powell sounded hawkish notes at a panel discussion in Washington, D.C., on Tuesday.
Staff tried to restart the iconic diesel but it had to be rescued by another engine
GUELPH, Ontario, April 16, 2024 (GLOBE NEWSWIRE) -- Hammond Power Solutions Inc. (“HPS” or the “Company”) (TSX: HPS.A) today announced that it will release its financial results for the First Quarter ended March 30, 2024, on Monday, April 29, 2024, after markets close. Following the release of its financial results, HPS will hold a conference call and webcast on Tuesday, April 30, 2024, at 9:00 a.m. Eastern Time. This call can be accessed by registration through participant links: Date/Time: Apr
James DevaneyAlan Ritchson, the titular star of Prime Video’s Reacher series, has been known to share his political opinions despite how they may conflict with those of the show’s conservative fan base. And even though some viewers have threatened to stop watching the popular streamer series in protest of Ritchson’s “woke” comments, he’s doubling down on his message of police accountability in a post to Instagram this week.The digs aimed at Ritchson were related to an interview he did with The H
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...
Travis Kelce is set to host 'Are You Smarter Than a Celebrity?'. The Super Bowl-winning star has been confirmed as the new host of the game show spin-off of 'Are You Smarter Than a 5th Grader?'. Travis, 34, said in a statement: "I grew up loving game shows, and I’m excited to be following in the footsteps of so many TV icons by hosting my very first one with 'Are you Smarter than a Celebrity?' The original show is a great success, so to be bringing a new format with everyone’s favorite celebriti
The actor shares his older son with ex Carey Lowell
Kyra Sedgwick and Kevin Bacon married in 1988 and share two adult children
GOP set to begin trial for DHS chief as Biden impeachment effort languishes
MEXICO CITY, April 16, 2024--AM Best has assigned a Financial Strength Rating of B (Fair) and a Long-Term Issuer Credit Rating of "bb+" (Fair) and a Mexico National Scale Rating (NSR) of "a+.MX" (Excellent) to Momento Seguros, S.A de C.V. (Momento) (Mexico). The outlook assigned to these Credit Ratings (ratings) is stable.
The U.S. government asked for a so-called rapid response dispute settlement panel under the USMCA North American trade pact to address a labor dispute involving call centers operated by Spain's Atento in Mexico, U.S. trade officials said on Tuesday. The move follows a U.S. request in January for Mexico to review whether workers at the call centers in central Hidalgo state were being denied their association and collective bargaining rights. At the time, U.S. officials said they had found evidence of "egregious" labor rights violations at the call centers.
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