WASHINGTON — One of the most vocal advocates in the U.S. House of Representatives for impeaching President Trump said the recent disclosures that the White House failed to act on intelligence showing that Russian operatives were paying bounties to kill American soldiers fully vindicate the congressional efforts to remove him from office late last year. “I think […]
Independence Day falls on Saturday this year, meaning that U.S. financial markets will be closed on Friday. The New York Stock Exchange and Nasdaq will be shuttered at the conclusion of regular trade Thursday, while the bond market will close an hour early, at 2 p.m. Eastern on Thursday, and will remain closed over the […]
Lemonade Inc. snagged 2020’s strongest initial public offering debut as shares of the mobile-based insurance startup became the latest to more than double on their first day of trading. Lemonade LMND, +139.34% shares, which skyrocketed as much as 144% to hit an intraday high of $70.80, finished up 139% at $69.41 on Thursday, following an […]
Are stocks going to go up or down? Yes. Should you be risk-on or risk-off? Yes. Will COVID-19 headlines continue to batter the market, keeping uncertainty high and assets moving violently back and forth? An even more emphatic yes. Are we in a “conviction-less” market in which investors are grappling with what may feel like […]
Just how bad is the economic impact of the COVID-19 pandemic? On the national and international level, things are tough, but perhaps a little more manageable than many analysts had feared at the onset of the crisis. Corporations are reporting earnings that are better than Wall Street expected, jobs were added, not lost, in May, […]
The mass cancellation of concerts and festivals had silenced many of the world’s leading pop stars. An industry that thrives on live events was decimated by social-distancing rules antithetical to the spirit of togetherness it creates. And now a constellation of the music industry’s biggest stars are banding together and calling for clarity on how […]
Fort Lauderdale police released footage showing officers laughing and celebrating after shooting protesters with rubber bullets during a late May protest against police brutality. The police department in South Florida released the nearly 9 minutes of body-camera footage on Wednesday in response to a Miami Herald story that was accompanied by a 2-minute clip of […]
1 / 2 Venezuela Iran Vehicles line up near a gas station to fill their tanks, in Caracas, Venezuela, Friday, May 29, 2020. Venezuela boasts the world’s largest underground oil reserves, but it has been forced to buy fuel from Iran to bridge deep shortages, unable to pump crude from the ground and turn it […]
Square shares rallied more than 10% in Wednesday trading to close at another record high as enthusiasm builds for the company’s Cash App. Though Square’s SQ, +10.44% merchant business has been negatively impacted by temporary store closures and other restrictions brought on by COVID-19, the company has seen surging interest in its Cash App, a […]
In a year where a classic 60/40 allocation has affirmed the success of this time-tested strategy, JP Morgan is joining the list of Wall Street banks that are calling for its demise in the coming years. Historically, financial advisers would tell their clients to keep 60% of their cash in stocks and the rest in […]