Markets

Americans Rely Increasingly On Credit Cards and Home Equity

The US has a multi-trillion-dollar hangover and the debt market is its remedy of choice. The New York Federal Reserve on Tuesday revealed US household debt is at its highest level since the famously inauspicious year of 2008. The figures…

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Nasdaq Links Up With Banks To Spin Off Its Market For Pre-IPO Shares

While still reserved for the caviar crowd — accredited investors that meet a high standard in net worth or income — marketplaces for pre-IPO shares are on fire. And now a major exchange operator is looking to capitalize on the…

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AMC Investor Buys $235 Million in New Stock, Then Promptly Dumps It

Viral meme stocks have seen some crazy days in 2021. Tuesday may have topped them all. Investment firm Mudrick Capital purchased $235 million of shares of AMC, one of the darling stocks among speculative investors on Reddit community WallStreetBets. AMC…

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Sales at Burberry, Canada Goose Further Luxury Retail Upswing

Fashion is an industry of trends and, on Thursday, two luxury jacket brands let the business world know what’s en vogue. At Britain’s Burberry — famed for posh trench coats and iconic tartan — it’s dividends. A rebound in revenue…

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Largest Inflation Jump Since Great Recession Has Wall St. On Edge

U.S. inflation climbed 4.2% in April. That’s the biggest one-month jump since the Great Recession in 2008. The news sent markets into (yet another) nervous frenzy on Wednesday, but the Federal Reserve brushed it off as a mere bump in…

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Strap In, Earnings Season is Here

Fed Chairman Jerome Powell appeared on 60 Minutes last night and the stoic central banker painted the picture of an economy at a critical “inflection point.” Heading into earnings season — with banks set to pave the way this week…

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Wall Street Bet On Yourself

It’s not often that every producer in Hollywood is messaging a random guy on Reddit. But not every Redditor has sent hedge funds reeling for bailouts. Jaime Rogozinski — who founded WallStreetBets, the extremely online stock community that brought chaos…

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ETFs Are Headed Into Space

ETFs Are Headed Into Space

Richard Branson owes somebody a few beers. On Thursday morning, stock prices for Branson’s space business, Virgin Galactic Holdings, shot up 18%. His own stake increased by an estimated $300 million. But the rise had little to do with Virgin…

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The Year Of The Penny Stock

The Year Of The Penny Stock

Last week was one of the busiest weeks ever for trading volume, with 14.8 billion shares changing hands on U.S. exchanges. It ranked behind only three weeks in March 2020 and two in the darkest days of the 2008 financial…

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Robinhood Gets A Slap On The Wrist

Robinhood Gets A Slap On The Wrist

There is no such thing as a free trade. Robinhood, the “Commission-free Stock Trading App” has agreed to a $65 million settlement to settle claims it 1) deceived customers about how it makes money and 2) failing to deliver the…

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The Rise Of The Super Zombie

The Rise Of The Super Zombie

You may be familiar with the term “zombie” company, or a business that doesn’t have enough cash flow to pay its interest expense. During the pandemic, there has been a growing number of what we’ll dub “super zombie” companies, or…

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Extra Credit: The Shifting World of Private Credit Markets

Tale of the Tape: Warren Buffett and Cathie Wood

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