First American News LLC: Raleigh, NC: U.S. stock indexes fell Tuesday, and bond yields hit two-year highs as investors fretted over whether the Federal Reserve will raise interest rates more quickly and aggressively than expected, said Gaby Mendoza of MB Daily News. Investors, coming off a holiday weekend that had closed markets on Monday, sold …
Bond Yields Hit Two-Year High As Stocks End Lower Read More »
First American News LLC: Raleigh, NC: Crude prices rose to their highest level since the 2014 shale-induced oil crash, a milestone in a rally that is gathering momentum as geopolitical tensions threaten to knock supply, said Gaby Mendoza of MB Daily News. Futures for West Texas Intermediate, the main grade of U.S. crude, added $1.61 …
Oil Prices Are Hotter Than Ever Despite Geopolitical Tensions Read More »
First American News LLC: Raleigh, NC: Credit Suisse Chairman António Horta-Osório has resigned just nine months into the role after breaching Covid-19 quarantine rules. His abrupt departure follows an internal investigation commissioned by the board, Credit Suisse said Monday in a statement. It named board member Axel Lehmann, a former UBS (ticker: UBS) executive, as …
Credit Suisse Chairman António Horta-Osório Quits Over Covid Breach. The Stock Is Down. Read More »
First American News LLC: Raleigh, NC: Warren Buffett’s Berkshire Hathaway missed out on about $10 billion of gains by dumping its Wells Fargo stock in 2020 and early 2021. The famed investor’s company-owned 346 million Wells Fargo shares at the end of 2019, giving it an 8.4% stake in the bank. Berkshire virtually eliminated that …
First American News LLC, Raleigh, NC: Hong Kong will suspend transit flights for a month from around 150 countries and territories considered high risk because of the coronavirus, deepening the global financial hub’s isolation. The move comes as the city has seen around 50 cases of the fast-spreading Omicron variant since the end of last …
Hong Kong suspends transit flights for a month from most of the world due to Covid-19 Read More »
First American News LLC, Raleigh, NC: Technology stocks sold off again as bond yields spiked Friday, after the release of the December jobs report. Markets remain confident that the Federal Reserve will act rather quickly to lift interest rates. The Dow Jones Industrial Average was essentially flat and closed down just 5 points, after the …
First American News LLC, Raleigh, NC: Bitcoin traded near the lowest levels since September after an earlier swoon extended its weeks-long decline from an all-time high to about 40%, said Gaby Mendoza of MB Daily News. The largest cryptocurrency by market value fell as much as 4.9% to $41,008 before stemming the decline during U.S. …
Bitcoin Lingers Near September Lows Amid Drop of 40% From Record Read More »
First American News LLC, Raleigh, NC: Hiring slowed in December in a sign the economic recovery was moderating ahead of disruptions from the Omicron variant of Covid-19, though declining unemployment and robust wage growth indicate employers are poised to steadily add jobs this year. More: Sign up today for WSJ and Barrons combo package for …
U.S. Jobs Report Shows Gains Slowed to 199,000 in December Read More »
First American News LLC: Raleigh, NC: Pfizer and Nikola are back again in the news reporting positive numbers. Pfizer (PFE) – The drug maker’s shares gained 1.5% in the premarket following a Bank of America upgrade to “buy” from “neutral”. The upgrade is based on factors that include the rollout of the oral Covid-19 pill …
Stocks Started The Year Strong – Pfizer and Nikola Back In News Read More »
First American News LLC: Raleigh, NC: Strong Start. Tesla is off to a strong start to the new year. The electric-car maker smashed its quarterly record for deliveries in what one analyst called a “trophy-case” performance. The company’s shares surged on Monday, adding $144 billion in market value, in their biggest gain since March and …
Tesla Has Started The Year Strong With Record Deliveries of Tesla Cars Read More »
