The stock of Affirm (NASDAQ: AFRM) debuted in January 2021 at $49 per share and had risen to more than $176 by November of that year. However, the stock has now cratered by 75.5% this year. Buy Now Pay Later (BNPL) stocks like Affirm have been hit hard this year as soaring inflation and rising
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Traders on the floor of the NYSE, June 29, 2022. Source: NYSE Consumer inflation data and the start of the second quarter earnings season could be two catalysts that make for a bumpy ride in markets in the week ahead. PepsiCo’s earnings are the first major report of the week Tuesday, and Delta Air Lines
Sharing is Caring! by Chris Black The Dutch government want to reduce the NL farming sector by 30%. The UK government is paying farmers to retire. Sanctions against Russia are going to deprive us of their food exports as well. Meantime, due to being actively encouraged, mass immigration continues apace. There is going to be
Welcome to Finance Redefined, your weekly dose of key decentralized finance (DeFi) insights, a newsletter crafted to bring you some of the major developments over the last week. This past week, the DeFi ecosystem got recognition from the United Kingdom government, as they sought public feedback on taxation of the DeFi ecosystem, especially staking and
The majority of jurisdictions across the country are struggling with housing affordability issues. To address the issue, many are reconsidering the zoning that they have in place to open up the possibility for more and different types of housing development, leaning toward higher density that will lower costs for renters and owners. However, this is
According to a report published on July 8, the cryptocurrency firm Blockchain.com lost $270 million from exposure to the crypto hedge fund Three Arrows Capital (3AC). The news was shared in a recent letter to shareholders written by the company’s CEO Peter Smith. The Blockchain.com executive stressed that the firm “remains liquid, solvent and our
Topline The stock market moved slightly higher on Friday after solid gains earlier this week, as investors assessed a stronger-than-expected jobs report amid ongoing fears that the Federal Reserve’s aggressive rate hikes could plunge the economy into a recession. Key Facts Markets opened lower but rebounded: The Dow Jones Industrial Average rose 0.2%, nearly 100
Municipals were mixed to close out a quiet summer Friday session ahead of a larger new-issue calendar that sees several billion-dollar deals. Triple-A benchmark yields once again largely ignored a selloff in U.S. Treasuries after a robust jobs report indicated the Federal Reserve will likely hike interest rates another 75 basis points at its next
Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here! (Kitco News) – Bitcoin-U.S. dollar prices are higher and hit a three-week high in early U.S. trading Friday. The price downtrend on the
The only option left for a debt-soaked banana republic like the U.S. is to look in the mirror and… by Matthew Piepenburg via Gold Switzerland What the U.S. in particular, and the West in general, are failing to confess is that today’s so-called “Developed Economies” are in actual fact more like yesterday’s debt-straddled Emerging Market
Homeowner equity jumped a record 35% in the United States hitting $9.9 trillion in 2021. According to Black Knight, homeowner equity averaged $185,000 at the end of 2021. As housing prices vaulted, millions of Americans sought out home equity loans, by a process that involves taking out a loan—often at a lower interest rate than
Boris Johnson will be able to earn millions of pounds from his brief but turbulent tenure as British prime minister but will need to look overseas for his biggest paydays, according to talent industry executives. Senior figures in publishing and the after-dinner speaking circuit said Johnson will command a seven-figure advance for any Downing Street
US president Joe Biden on Friday announced a range of measures designed to maintain access to abortion and urged women to vote in November’s midterm elections, as his administration looks to limit the fallout of the Supreme Court’s decision to overturn Roe vs Wade. Biden spoke from the White House about how he intends to
A direct indexing asset management and financial technology company with more than $1 billion in AUM is set to be acquired by First Trust Capital Partners by the end of the month. First Trust, one of the world’s largest asset managers with more than $203 billion in assets, has announced its plans to acquire Veriti
WD-40 (WDFC) is a product so ubiquitous you’ll find it in nearly every home on the planet. This highly portable and highly versatile lubricant is an essential item for homeowners wanting to address everything from stuck doors to balky drawers. Its recent earnings report, however, suggests that the company is having some serious trouble. Trouble
In this article TSLA XPO WDFC COCO UPST The Twitter logo and trading information is displayed as a trader works on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May 3, 2022. Brendan Mcdermid | Reuters Check out the companies making headlines in midday trading. Upstart — The consumer
Sharing is Caring! by squaremild globalnews.ca/news/8972840/arrivecan-2-0-border-app-here-to-stay/ Mandatory App for entry into Canada. Not using the app can result in fines… Claim is that ArriveCAN will ease entry into the country, airline industry says it makes everything take longer: www.airport-technology.com/news/canada-arrivecan-travel-disruption/ Help Support Independent Media, Please Donate or Subscribe: Trending: Views: 68
Virginia’s Fairfax County continues to be a prominent public institutional investor in the cryptocurrency space and is set to diversify its portfolio with a move into yield farming. As previously reported, global asset managers VanEck announced that the Fairfax employees’ and police retirement systems will invest $35 million into the firm’s crypto lending fund. It’s
The negative impact of interest rate rises on Australian housing prices, household spending and the volume of dwelling investments may hurt consumer confidence and fuel the likelihood of a recession in Australia, analysts and economists say. The Reserve Bank of Australia raised interest rates for the third time in a row on Tuesday. Joining central
A Kenyan agency charged with tracing and freezing proceeds of crime said it recently obtained an order giving it the authority to freeze bank accounts belonging to Nigerian fintech Flutterwave. The agency alleges that Flutterwave is not providing merchant services as per claims, but is instead involved in money laundering activities. Deliberate Attempt to Obscure
Topline The stock market moved higher on Thursday, adding to recent gains a day after the Federal Reserve reaffirmed its commitment to bringing down inflation with more big rate hikes and tighter monetary policy, a move which helped ease recession fears somewhat. Key Facts Stocks added to solid gains so far this week: The Dow
A clash between Puerto Rico’s governor and legislators will stall rate relief for electric and water customers. While Gov. Pedro Pierluisi this week called a special legislative session to address a bill he sponsored to provide funds for the Puerto Rico Electric Power Authority and Puerto Rico Aqueduct and Sewer Authority to reduce rates, the
Gold Silver prices today, July 8, 2022: The gold and silver rates opened lower in the key spot markets on Friday, July 8, 2022. The opening price for 999 purity gold was Rs 50,877 per 10 grams, marginally dropping by Rs 6 from Thursday’s closing price of Rs 50,883. Simultaneously, the opening price for 999
At the end of every one of these, silver does a moonshot… by Rafi Farber via Arcadia Economics Hyperinflations never occur in straight lines. They are wild earthquakes that shake everyone’s confidence on every side of every market. And at the end of every single one of these earthquakes, silver does a moonshot. In order
Does your health insurance come with deductibles in the four figures? If so, you’re probably eligible to establish a Health Savings Account (HSA). Used in combination with a High-Deductible Health Plan (HDHP), funds deposited in an HSA can go towards paying medical bills until the plan’s deductible is met and your healthcare coverage goes into effect. HSAs
The shooting of former Japanese prime minister Shinzo Abe has sparked condemnation from political leaders across the world. Abe, 67, Japan’s longest-serving prime minister who stood down in 2020, died after being shot twice in Nara, a city close to Kyoto. Jens Stoltenberg, secretary-general of Nato, the western military alliance, said he was “deeply saddened
Shinzo Abe, Japan’s longest-serving former prime minister, has been shot dead during a campaign speech in one of the most significant acts of political violence to rock the country in the postwar era. Abe’s death at the age of 67 was reported by state broadcaster NHK. He was shot twice in the neck and left
Baby boomers are prone to quickly spending down their retirement savings — and they might outlive them, according to a new study. The findings from the Center for Retirement Research focus on a key difference between the two core types of retirement plans: defined benefit and defined contribution. The former are traditional accounts like pensions
The TipRanks Smart Portfolio tool allows investors to better understand their portfolio as it allows them to benchmark their portfolio against the Top Performing portfolios on TipRanks. In the current volatile environment, this could be an extremely useful feature. The technology sector is a strong favorite among the top-performing portfolios on TipRanks with a sector
In this article SAM BBBY VIVO SPCE SGEN GME Check out the companies making headlines before the bell: GameStop (GME) – GameStop rallied 7.8% in the premarket after the videogame retailer declared a 4-for-1 stock split. Trading on a split-adjusted basis will begin on July 22. Seagen (SGEN) – Seagen gained 4.5% in premarket trading
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