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Delivery apps can hurt restaurants as much as they help them. Will a new pricing model from DoorDash help soften the financial blow?
(Bloomberg) -- Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.The Bank of Russia delivered its third straight increase in interest rates and said more will be necessary as soon as next month as it struggles to contain a spike in inflation.The benchmark rate was hiked 50 basis points to 5.5% on Friday, the highest level in more than a year, the Bank of Russia said in a statement. The central bank considered a raise of 100 basis points, which would
The direction of the June E-mini S&P 500 Index into the close is likely to be determined by trader reaction to 4227.25.
(Bloomberg) -- KKR & Co. has acquired an almost $800 million loan portfolio from CIT Group Inc. as it seeks to expand its footprint in the aviation sector.The deal is part of the global investment firm’s launch of a new commercial aviation lending platform, AV AirFinance Limited, which will provide secured financing to airlines, lessors, manufacturers and investors. The purchase includes more than fifty loans for about sixty commercial aircrafts, according to a company statement. The loans, on a
The S&P 500 has initially pulled back during the week, as traders waited CPI numbers. However, those of come and gone and the markets remain relatively quiet.
(Bloomberg) -- Gold fell as Treasury yields climbed from near a three-month low and the dollar strengthened. The metal erased some short-lived gains that were made in the wake of a U.S. inflation report.Thursday’s U.S. report on the consumer price index showed that price increases were largely driven by categories associated with economic reopenings, bolstering the view that inflation pressures may ease later in the year. With the Federal Reserve setting a high bar for reconsidering its dovish s
Bitcoin (CCC:BTC-USD) is still the most talked-about cryptocurrency, more than a decade after Satoshi Nakamoto created the digital currency. Now there are more than 7,000 cryptocurrencies out there. So if you want to invest in something other than BTC-USD, several options are available. But before we get into the details of the best altcoins to buy today, it’s important to evaluate major crypto news.InvestorPlace - Stock Market News, Stock Advice & Trading Tips China has banned financial and pay
The IRS just sent out millions more payments. Will you get one?
Nvidia Corporation (NASDAQ:NVDA) has been among an elite class of high-flying tech stocks. Over the past five years, NVDA stock has delivered a return of over 1,400%. Source: JHVEPhoto / Shutterstock.com So far in 2021 – a year that has not been kind to many other tech stocks – NVDA is up 32%. Its business is red-hot, with gaming, data centers, AI and crypto currency mining all driving revenue growth. That performance has meant that shares are expensive. The company wants to make those shares (n
WASHINGTON (Reuters) -U.S. financial regulators urged market participants on Friday to accelerate their efforts to detach financial products from Libor interest rate benchmarks, while casting doubt on new benchmarks built to compete with their preferred replacement. Federal Reserve Vice Chair Randal Quarles emphasized there is "no path forward" for Libor, which is being scrapped after numerous banks were fined for manipulating it, and that firms have no reason to delay moving derivatives and other market contracts to the new Secured Overnight Financing Rate. "The deniers and laggards are engaging in magical thinking," Quarles said during a meeting of the Financial Stability Oversight Council, a regulatory panel.
(Bloomberg) -- Lumber futures posted their biggest-ever weekly loss, extending a tumble from all-time highs reached last month as sawmills ramp up output and buyers hold off on purchases.Prices in Chicago fell 18% this week, the biggest decline for most-active futures in records going back to 1986. Lumber has has now dropped almost 40% from the record high reached on May 10.Sawmills appear to be catching up with the rampant homebuilding demand in North America that fueled a months-long rally, br
Mortgage rates fall back ahead of this week’s FED policy decision in spite of inflation fears. Weaker NFP numbers may have eased pressure on the FED to make any immediate moves…
There’s been lots of public debate in recent months about Dogecoin (CCC:DOGE-USD). Is Dogecoin a currency or a security? Is it a good investment or a bad investment? Does Dogecoin seriously compete with Bitcoin (CCC:BTC-USD), or is it just a social media meme? Source: Orpheus FX / Shutterstock.com Today, I’d like to take a look at another important question. Is Dogecoin little more than a classic pyramid scheme? What Is a Pyramid Scheme? I’ll start out by defining a pyramid scheme and discussing
With environmental and sustainability concerns coming into focus this past year, electric vehicle stocks have seen some strong momentum. The shift from gasoline to battery-powered cars is now a fast-growing trend in the auto sector. Because of that, traditional automakers are moving aggressively towards electrification while fresh-on-the-scene electric vehicle (EV) companies work on innovative new technologies. So, EVs have received widespread support. Still, they continue to have their challeng
A developer of electric, flying taxis is set to go public in New York by merging with a SPAC, as part of the latest wave of listings bringing more than $5 billion in enterprise value to the stock market.
"Jeff Bezos’s trip to outer space is being financed by all the rest of the U.S. taxpayers who paid their taxes so that Jeff Bezos didn’t have to," Warren says.
You could receive up to $300 per month for each of your kids. Here's how.
(Bloomberg) -- If the meme-stock mayhem were a movie -- and by all accounts it will be -- we’re now at the scene where the protagonists, after pulling off their first big mission, fight about what to do next.Emboldened by their initial success, the more daring would be anxious to ride again while the weather-worn veterans advise caution and, somewhere in between, a few characters can’t decide which side they’re on.That scene is playing out now on the 10 million-member WallStreetBets forum, where
(Bloomberg) -- After weeks of profiting from the stock and debt of AMC Entertainment Holdings Inc., hedge fund Mudrick Capital Management ended up with a 5.4% loss after a derivatives bet went haywire.The fund, which specializes in distressed debt, suffered the losses on AMC after day traders pushed the movie theater’s shares up as much as 127% on a single day, derailing call options Mudrick had sold on AMC shares to hedge exposure to the company, according to a person with knowledge of the matt
Sometimes, finding the right stock can be a chore, and sometimes, a pleasure. But whether it’s a breeze or a slog, some things remain constant. The right stock will always bring a benefit to your portfolio – and high-yield dividend stocks, when carefully chosen, will do just that. Wall Street analysts have been doing the research for you, picking out stocks that are meeting those requirements. And the results are interesting – the analysts have tagged two stocks under $10 with strong dividends,
The status of your lender and the condition of your local housing market are some of the factors that determine how many payments you can miss.