What happened: The euro collapsed to around $1.03 and is down more than 8% year-to-date against the US dollar. It is now trading at its lowest level since late 2002. Most analysts believe the bottom is not yet in. Forecasts are circulating that it could even reach parity, where one dollar can be exchanged for … Read more
What happened: The euro collapsed to around $1.03 and is down more than 8% year-to-date against the US dollar. It is now trading at its lowest level since late 2002. Most analysts believe the bottom is not yet in. Forecasts are circulating that it could even reach parity, where one dollar can be exchanged for … Read more
Some say it started with Lillie Langtree. The British actress and socialite known as “The Jersey Lily” is credited with being the first celebrity to endorse a product when she became the face of Pears Soap in 1882. At the beginning… Others say it dates back to the 1760s when Josiah Wedgewood, a British entrepreneur, … Read more
Some say it started with Lillie Langtree. The British actress and socialite known as “The Jersey Lily” is credited with being the first celebrity to endorse a product when she became the face of Pears Soap in 1882. At the beginning… Others say it dates back to the 1760s when Josiah Wedgewood, a British entrepreneur, … Read more
What’s happening: The S&P 500 got off to its worst start since 1970, falling 20.6% between January and June. The Dow posted its largest first-half decline since 1962, and the Nasdaq Composite posted its largest percentage decline ever. An uncomfortable combination of circumstances has weighed on stocks. Russia’s war in Ukraine has pushed up inflation … Read more
Democratic lawmakers are examining whether the American dream of a suburban home and a white picket fence will be seized by large institutional investors, costing working people a chance at home ownership. The House Financial Services Subcommittee on Oversight and Investigations held Tuesday’s virtual panel entitled “Where Have All the Houses Gone?” Private Equity, Single … Read more
Democratic lawmakers are examining whether the American dream of a suburban home and a white picket fence will be seized by large institutional investors, costing working people a chance at home ownership. The House Financial Services Subcommittee on Oversight and Investigations held Tuesday’s virtual panel entitled “Where Have All the Houses Gone?” Private Equity, Single … Read more
Robinhood Markets , that revolutionized the online brokerage industry may be in play now that cryptocurrency exchange FTX’s interest has been made public. This could spur other potential bidders on Robinhood to one of the most anticipated deals of the year. Sam Bankman-Fried, founder and CEO of FTX, said Monday that he is excited about … Read more
The oil market is going through one of the most turbulent times since the infamous collapse in March 2020 as investors continue to grapple with recession fears. Oil prices fell further after the central bank decided to hike interest rates by a record 75 basis points, with WTI futures for July settlement trading at $104.48/barrel … Read more
By now, even the most ardent tech and growth stock enthusiasts have realized that the bull market is over. John Kornitzer’s approach to picking quality stocks for the Buffalo Flexible Income Fund has worked well during the bear market. High inflation, uncertainty in so many industries due to supply chain issues and labor shortages, tighter … Read more