Month: May 2022

Topline Stocks finished higher on Friday—capping off a solid rally this week that saw markets rebound from more than seven consecutive weeks of losses, as recession fears continued to subside in light of positive economic data showing inflation moderated slightly last month. Key Facts The Dow Jones Industrial Average rose 1.8%, nearly 600 points, while
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Two municipal mutual funds managed by Nuveen will again open to new investors next month after a soft closure more than nine months ago, the firm said this week.  Both the reopening and soft closure of the funds were market-related and were decided in the best interest of shareholders, according to Nuveen. Effective June 1,
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Somehow, the world still believes in the magical central bank theory of solving a debt crisis with… by Matthew Piepenburg via Gold Switzerland Below we consider the classic (and oh-so predictable) tactics of debt-soaked nations facing a showdown (corner) between tanking markets and ripping inflation. Ultimately, I see a stagflationary end-game in which both occur, but for
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Par Value Stock vs. No-Par Value Stock: An Overview A share of stock in a company may have a par value or no-par value. These categories are both pretty much a historical oddity and have no relevance to the stock’s price in the market. The par value, or face value, is the stated value per
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The first special purpose acquisition company to be listed in the Middle East closed higher on its first day of trading in Abu Dhabi on Friday. ADC Acquisition Corporation, backed by the oil-rich emirate’s government, is the latest in a string of blank-cheque companies from the region as liquidity surges thanks to sky-high oil prices,
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Four years after an Ameriprise subsidiary sent disciplinary letters to some employees about variable annuity exchanges, the firm settled a related SEC case that’s the first of its kind. Ameriprise’s RiverSource Distributors improperly switched or replaced its variable annuities “for the purpose of generating additional selling charges” for its wholesalers and the registered representatives of
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Based in California, Zoom Video Communications (ZM) provides a video-and-voice teleconferencing platform. I am bullish on the stock. Remember how hot the stay-at-home stock trade was in 2020? That seems like such a long time ago now, as investors have generally dumped stay-at-home stocks over the past year. Perhaps this was an over-corrective move as
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Sharing is Caring! by confoundedinterest17 The numbers keep getting worse. The University of Michigan Consumer Survey showed a decline in May to 58.4 (100 is baseline). Soaring inflation is a likely culprit. But the truly horrible survey result is the UMich Buying Conditions for Houses, plunging to 45. The reason? Crazy, expensive house prices courtesy of
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Former President Donald Trump Carlos Barria | Reuters An appeals court on Thursday unanimously rejected a bid by former President Donald Trump and two of his adult children to avoid being compelled to answer questions under oath by investigators for New York Attorney General Letitia James as part of her civil investigation of Trump Organization
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Municipals continued their rally Thursday with yields falling by another 12 to 15 basis points while U.S. Treasuries were little changed and equities rallied. Secondary trading pushed yields lower again. Certain prints showed bonds trading up by more than 65 basis points from Friday’s levels. New York paper, in particular, was rallying in the secondary.
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Europe wants to criminalize Europeans to try and… by Harvey Organ of Harvey Organ Blog GOLD TRADED UP $2.10 TODAY TO $1849.00//SILVER TRADED UP 8 CENTS TO $21.97//PLATINUM TRADED UP $4.00 TO $953.20//PALLADIUM TRADED UP $11.95 TO $2010.25//COVID UPDATES//CHINA UPDATES//EUROPE WANTS TO CRIMINALIZE EUROPEANS TO TRY AND AVOID SANCTIONS ON DEALING WITH RUSSIA//RUSSIAN CENTRAL BANK
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Your significant other orders a certain cabernet for $40 that he feels will be worth $400 in the future, and wants to start collecting other vintages as well. But should you invest in a product that disappears with a broken bottle, or can be emptied into glasses at a party on a whim? How do you
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European shares rose on Friday, following a rebound for beaten down Wall Street stocks overnight, as traders balanced more evidence of a Chinese economic slowdown with hopes that red-hot US inflation is easing. Europe’s regional Stoxx 600 share index climbed 0.6 per cent in early dealings, while London’s FTSE 100 edged up 0.1 per cent
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Amid soaring inflation, rising interest rates, and chip shortages, semiconductor stocks have taken a beating this year. Shares of semiconductor giants including AMD, Intel, Nvidia, and Qualcomm (QCOM) have tanked 38.3%, 20.7%, 43.6%, and 29.5%, respectively. However, demand for semiconductors remains strong. In the past two years, demand for PCs, gaming consoles, and laptops has
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