Articles

What $1 million buys in the world’s most expensive real-estate cities

A million dollars won’t take one very far if they’re buying property in these global cities, according to the 2024 Knight Frank Wealth Report.

This stock is now beating Nvidia’s as the top S&P 500 gainer for February

Shares of nuclear power company Constellation Energy surged Wednesday, to climb past Nvidia’s stock as the S&P 500’s best performer in February.

Coinbase confirms that some customers are seeing $0 balances in app glitch

‘Our team is investigating this issue and will provide an update shortly. Your assets are safe.’

Robinhood launches retirement benefits for gig workers

Robinhood’s new product is aimed at helping workers at Grubhub, Taskrabbit and Gopuff save for retirement

High-yield bond compensation shrinks to levels ‘only sustainable in an economic upturn’

Compensation that investors are getting from high-yield bonds has fallen to levels “only sustainable in an economic upturn,” according to BofA Global Research.

Here’s how mild weather may heat up February new-car sales

Winter months are usually a slow time for U.S. car dealerships, but milder-than-usual February weather may have been a boon for new-car sales after a surprisingly weak January.

Fed’s Williams said he’s ‘very focused’ on getting inflation back to target

“While we’ve seen great progress toward achieving our goals, the journey is not yet over, and I am very focused on making sure we complete this mission successfully.”

Fed’s Collins wants to see inflation cool in more categories before supporting rate cuts

Collins said she saw signs of slowing demand in the economy, which she said was welcome to reduce price pressures. But there is a lot of uncertainty about when and how much, growth is likely to slow.

These defense stocks may fare best whether Biden or Trump wins in November

The stage is set for what could be a strong multiyear period for U.S. defense contractors.

Viking Therapeutics’ promising weight-loss drug data makes the company a takeover target

Viking Therapeutics Inc.’s stock rose another 8% Wednesday to extend its week-to-date gains to 145%, as analysts weighed in on its positive weight-loss drug news with some bullish commentary and said the company has become an attractive takeover target.

Warby Parker’s stock tumbles again after earnings, as gross margins keep falling

The company has reported year-over-year declines in gross margin for every quarter since going public in September 2021.

Stripe’s $65 billion valuation by Goldman Sachs, Sequoia shows fintech appetite is back

Stripe’s valuation has climbed by $15 billion in the past year, having been valued as high as $95 billion in 2021.
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