Market recap for Tuesday April 8th
The TFR market recap for Tuesday April 8th
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Suze Orman Decided To Drop Homeowners Insurance After An Outrageous Quote: '$28,000 For A 2,100-Square-Foot Condo. Are You Kidding Me?'
Finance expert Suze Orman has voiced concerns about the impact of climate change on property insurance costs, asserting it could threaten the American dream of homeownership. Orman, 72, faced a $28,000 annual insurance quote for her Florida oceanside condo, leading her to forego coverage entirely. She highlights a troubling trend where soaring insurance costs driven by frequent and severe weather events may deter Americans from buying homes. Don't Miss: For many first-time buyers, a house is abo
Benzinga•Cathie Wood's Ark Empire Bleeds As Investor Outflows Spike: 'The Loyal Shareholders Have Become Frustrated'
In early 2021, Ark Invest, led by tech investor Cathie Wood, managed a staggering $59 billion across six funds, making it the world’s largest active ETF manager. Three years later, a significant 80% downturn occurred, with assets under management in those funds plummeting to just $11.1 billion. This decline can be attributed to a combination of factors, including high interest rates dampening Wood’s long-term speculative tech investments and the subsequent wave of outflows from disillusioned inv
Benzinga•JPMorgan’s ‘Bloody Friday’: Why Several Top Financial Advisors Jumped Ship the Same Day
Six teams managing nearly $15 billion in total assets quit JPMorgan Chase’s brokerage unit to join competitors last Friday. Here’s what may have triggered their departures.
Barrons.com•Vertiv Spikes On Earnings, Orders. It's A Good Sign For These AI Stocks.
Data-center coolant systems specialist Vertiv soared Wednesday on strong earnings. It's a good sign for AI stocks like Nvidia and Super Micro.
Investor's Business Daily•The IRS says it’s going after wealthy tax cheats. Here’s what new audit stats show.
After Congress approved billions of extra funding for tax compliance, the Internal Revenue Service pledged it would get tougher on rich taxpayers and corporations while avoiding extra scrutiny of middle-class households.
MarketWatch•Forget Bank of America; Buy This Magnificent Bank Stock Instead
This up-and-coming digital bank is ready to start generating outsized profits.
Motley Fool•On a crucial earnings call, Musk reminds the world Tesla is a tech company. ‘Even if I’m kidnapped by aliens tomorrow, Tesla will solve autonomy’
After a dismal quarter for Tesla, CEO Elon Musk tried to reassure investors the company’s real value was its effort to perfect self-driving cars.
Fortune•History Says the Nasdaq Could Soar: 2 Top Growth Stocks to Buy Now and Hold for the Bull Market
The Nasdaq Composite has returned an average of 215% during bull markets since 1990.
Motley Fool•Russian court orders seizure of JPMorgan Chase funds in VTB lawsuit
A Russian court has ordered the seizure of funds in JPMorgan Chase bank accounts in Russia, court filings showed on Wednesday, in a lawsuit filed by state-owned bank VTB as it seeks to regain funds blocked abroad. JP Morgan Chase last week sued VTB in New York to halt its efforts to recover $439.5 million from an account that was blocked after Russia despatched its army to Ukraine in 2022 and VTB was hit with sanctions.
Reuters•AT&T Earnings, Free Cash Flow, Wireless Subscriber Adds Beat Views
AT&T stock climbed after Q1 earnings fell from a year earlier but topped estimates. Revenue slightly missed.
Investor's Business Daily•