Stocks rose on Tuesday despite renewed tensions in the Persian Gulf as investors clung to hopes of a deal between the U.S. and Iran to end the war. The U.S. military overnight struck Iranian missile launch sites and other targets, attacks that Iran’s Foreign Ministry called a “grave violation” of the countries’ ceasefire. President Trump said on … Read more
State AGs sue Institutional Shareholder Services for failing to disclose conflicts of interest. Source link
Rising Treasury yields are sending a warning signal: Investors are worried that higher inflation could keep the Federal Reserve from cutting interest rates anytime soon. Treasurys, or bonds issued by the U.S. government, are considered among the safest investments in the world. Their yields move with investor demand and expectations for inflation, economic growth and … Read more
NEW YORK — A former New York City judge who resigned last year while under investigation for professional misconduct was charged Wednesday with abusing his position to swindle real estate investors out of at least $5 million and then using some of the loot to pay his own bills. Edward Harold King, who left the … Read more
It feels more like a party than a hockey game. In Boston’s sold-out TD Garden, lit like a constellation of stars and pulsing with a DJ’s beat, the jumbotron camera zooms in on faces in the crowd. A pair of women with trim white hair and oversize jerseys grin and pump their fists. A mother … Read more
As the stock market moves in unpredictable directions, more Americans are turning to apps that automatically copy the trades of high-profile investors rather than making their own investment decisions. CBS News consumer reporter Evyn Moon explains the pros and potential cons of the growing “copycat investing” trend. Source link
TOKYO — Shares were mixed in Asia on Wednesday as markets waited to see if the United States and Iran may resume talks to end their war. The price of Brent crude edged 1 cent higher to $98.51 a barrel. U.S. benchmark crude fell 0.4% to $89.29 a barrel. Lower oil prices help bring down … Read more
The S&P 500 surged to a new all-time high on Wednesday, as investors shrug off the hottest inflation in nearly two years and ongoing concerns about the economic impact of the Iran war. The rally marks a sharp reversal from late March, when the Dow Jones Industrial Average fell into correction territory — a drop of at least … Read more
The S&P 500 hit a new all-time high Wednesday, a remarkable turnaround for the broad-based stock index while the war with Iran continues and rising energy costs threaten global growth prospects. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. The S&P 500 rose 0.5%, pushing the benchmark past … Read more
Dozens of crypto platforms have launched in recent years, all touting their own tokens, each of which is governed by the companies’ own rules. Many offer certain assurances around security and how the company’s money will be handled. Some have risen in value, but broadly the values of most tokens have declined along with the … Read more