Stock futures tick up on mixed earnings results from big banks
Stock futures tick up on mixed earnings results from big banks
Stock futures rose Friday as investors turned their attention to big bank earnings after the major averages staged a historic turnaround rally.
Futures tied to the Dow Jones Industrial Average increased 190 points, or 0.63%. S&P 500 futures gained 0.69%, and Nasdaq 100 futures ticked up 0.66%.
JPMorgan Chase and Wells Fargo gained after revenue topped expectations. Morgan Stanley reported a…
Companies scramble to meet payroll, pay bills after SVB's swift failure
The sudden collapse of Silicon Valley Bank has thousands of tech startups wondering what happens now to their millions of dollars in deposits, money market investments and outstanding loans.
Most importantly, they’re trying to figure how to pay their employees.
“The number one question is, ‘How do you make payroll in the next couple days,'” said Ryan Gilbert, founder of venture firm Launchpad…
Tesla ignites a price war, causing challenges for Ford and GM
Tesla’s determination to decrease its costs has broad implications throughout the electric-vehicle {industry} — and will have begun a worthwhile battle. Tesla lowered costs of the Mannequin 3 and Mannequin Y within the U.S. and Europe final Friday, which can assist patrons to qualify for extra federal tax credit and increase gross sales quantity. The Mannequin 3 is Tesla’s entry-level sedan,…
If you’re dreaming of spending retirement lounging on one of Hawaii’s pristine beaches, make sure you’ve saved up plenty of money.
That’s because Hawaii ranks as the most expensive state to retire in 2022, according to recent data from Bankrate.
To calculate each state’s level of affordability, Bankrate analyzed the Community and Economic Research’s July 2022 cost of living index and the Tax…
Missile companies in a "difficult mortgage fund," says Wells Fargo
Missile companies in a “difficult mortgage fund,” says Wells Fargo
Shares of Rocket Companies have plummeted more than 42% this year, but the stock is set to return despite a “difficult mortgage environment,” according to Wells Fargo. Analyst Donald Fandetti updated the company’s stock to the equal weight overweight, stating in a note to clients Wednesday that the company will continue to take market share from its peers. “We believe RKT is a well-run and…
Les meilleurs choix pour acheter la baisse dans un marché sous-évalué
Les meilleurs choix pour acheter la baisse dans un marché sous-évalué
David Sekera de Morningstar pense que la liquidation du marché semble exagérée – et révèle les actions technologiques qu’il pense être attrayantes en ce moment, ainsi que ses choix pour profiter du retour des dépenses de consommation. Après des années à battre le marché, les actions technologiques ont été critiquées cette année alors que les attentes d’un resserrement agressif de la part de la…
Listen to the riot of robins that woke me up at 4am.
Turn up the volume!!!
Diane was smart to wear earplugs. She slept until 5:30am, at least 45 minutes after it started getting light out. By 6:10 we were packed and headed out. By this time, the roosters were waking up.
A view from the farm.
Our first stop was to the auto shop to get a new battery. Ours was cranking at 1/2 the amps. We were concerned that it would die on us in the middle of nowhere so we replaced it. All is good now and we got a good recommendation on breakfast.
Next stop, the Hubbard Ave Diner in Middleton, WI. Designed to look like an old fashion diner with a menu to match. After some tasty hash we were ready to drive. Final stop… Fargo.
Hubbard Ave Diner. Middleton is quite a cute town.
Well almost. We dragged ourselves across Minnesota. We stopped in Minneapolis for fast food. Culver’s to be specific. Fried cod that was actually quite good. Not at all like a fillet-o-fish.
Fried cod fast food!
The next several hours involved driving the long, straight I-94 while we watched the sky grow darker. As we approached Fargo, the skies finally opened up.
Dark skies over Minnesota.
We rushed to check in to our hotel and find our way to downtown. Fargo proved to be a vibrant city with a young population and an active nightlife. We walked around checking out a few places and landed in, of all places, a seafood restaurant.
Guess where we are.
Here’s a hint.
We sat at the bar and ordered local fish. It was my first walleye and I thoroughly enjoyed it. Making things even better, we talked to a local couple who made us feel right at home. Elizabeth and Andrew made their way back to the area after living around the country including Petaluma CA, Florida, Savanna GA and other places. We had fun talking about all our kids, retirement, and travel.
Delicious walleye.
No night caps for us. We fell asleep as soon as our heads hit the pillow.
#15yrsago Sequoia Voting Systems threatens Felten’s Princeton security research team https://freedom-to-tinker.com/2008/03/17/interesting-email-sequoia/
#10yrsago Sheet music for the Mario “coin” sound https://web.archive.org/web/20091030172840/http://www.mariopiano.com/mario-sheet-music-coin-sound.html
#10yrsago CPAC racism panel derailed by audience member who suggests slaves should have been grateful for food, shelter & clothing https://archive.thinkprogress.org/cpac-participant-defends-slavery-at-minority-outreach-panel-it-gave-food-and-shelter-to-blacks-1959db62fa/
#5yrsago Richard Spencer says that antifa sucked all the fun out of college appearances, calls it quits https://theintercept.com/2018/03/17/richard-spencer-college-tour-antifa-alt-right/
#5yrsago Wells Fargo accused of ripping off rich people, too https://www.cnbc.com/2018/03/16/wells-fargo-wealth-management-employees-questioned-by-federal-agents-wsj.html
#1yrago Late stage capitalism is weird capitalism: A planned economy run by Blackrock, Vanguard and State Street https://pluralistic.net/2022/03/17/shareholder-socialism/#asset-manager-capitalism
Stock futures fall to start week with key inflation data, earnings ahead
Stock futures fall to start week with key inflation data, earnings ahead
Stock futures were lower Monday morning as the markets come out of a tumultuous week and traders look ahead to key reports coming in the next week that can offer insights into the health of the economy.
Futures connected to the Dow Jones Industrial Average slid 28 points. S&P 500 futures were lower by 0.18%, while Nasdaq 100 futures fell 0.30%.
Market observers generally consider the week ahead…
Wells Fargo, until recently the biggest player in U.S. mortgages, has repeatedly felt regulators’ wrath over missteps involving home loans.
— Read on www.cnbc.com/amp/2023/12/11/wells-fargo-mortgage-lenders-probed-over-racial-discrimination.html
Here's why 7 Club stocks, including Nvidia and Meta, beat the market in January and February, defying this year's seesaw start
This year has, so far, been something of a Jekyll and Hyde market for equities. January’s strength was a welcome reprieve from the brutality that was 2022. February’s stumble has reminded us that sticky inflation remains a challenge for both the broader economy and stocks. With that in mind, we sifted through our portfolio to find names with a mix of durable fundamentals and stories strong enough…
Traditional financial entities like banks have not entirely been on board with the disruptive capability of blockchain technology, but a recent collaboration with U.S. banks shows that the tide could be turning sooner rather than later.
It’s human nature to simply avoid change, and with blockchain technology already bringing disruption to the traditional financial structure, it’s easy to see why adoption would be difficult. However, more and more traditional finance players are warming up to the idea of using the blockchain to enhance their core operations or make their current services more efficient.
There have been ideas thrown around about digital currencies that can mimic the dollar via central bank digital currency offerings. As mentioned, a collaboration of banks are taking this a step further with a pilot strategy for a digital dollar.
“A group of banking institutions—including HBSC, Mastercard, and Wells Fargo—announced on Tuesday (November 15) the launch of a proof-of-concept digital money platform called the Regulated Liability Network (RLN),” a Decrypt article reported, noting the fallout from the crypto exchange FTX collapse that rocked the crypto markets recently.
The collaboration comes following the aforementioned FTX calamity, with lawmakers calling for more regulation in the crypto market. This could be a step towards that direction where digital currencies meld with the regulatory infrastructure of the federal government.
“Members of the U.S. banking and payments community involved in this [proof-of-concept] are pleased to be working alongside the New York Innovation Center (NYIC) that is part of the Federal Reserve Bank of New York,” the group said in a statement.