Scanning the market for a tradable “event” might get you an express ticket to the “fast money” line of opportunity and risk. Bear in mind that an “event” is something…
SPX Monitoring Purposes: Long SPX on 2/6/23 at 4110.98. Monitoring Purposes GOLD: Long GDX on 10/9/20 at 40.78. Long Term SPX Monitor Purposes: Neutral. Yesterday, we said, “The bottom window…
New York City Democratic Mayor Eric Adams on Tuesday criticized the ‘irresponsibility’ of the White House regarding immigration. The comments came during a press conference, where Adams complained his city…
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With car repossessions and home foreclosures rising, some Americans are living on a financial cliff
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Karen LeSage needs her car. A 57-year-old single mother living in East Hartford, Connecticut, LeSage needs to drive herself to medical appointments for injuries on her legs and to pick…
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Backlash against AI supermodels triggers wider fears in fashion workforce
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Plans by Levi’s to test out virtual clothing models generated by artificial intelligence drew swift backlash in the industry late last month. While the furor mainly focused on diversity concerns,…
First Republic Bank has been taken over by federal regulators and will be sold to JPMorgan — making it the third major bank to go under in less than two…
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Federal Reserve confronts ‘contradictory’ economy today as it considers next interest rate hike
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High prices. High interest rates. Slowing growth. It would all seem to spell an economic downturn. Indeed, many consumers would agree that between inflation and tighter credit conditions — and…
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GM to end production of electric Chevy Bolt, its first mass-market EV, this year
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DETROIT — General Motors plans to end production of its electric Chevrolet Bolt models by the end of this year, CEO Mary Barra told investors Tuesday when discussing the company’s first-quarter earnings. The…
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Disney sues Florida Gov. Ron DeSantis over control of self-governing district
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The Walt Disney Co. on Wednesday filed a lawsuit in federal court against Florida Gov. Ron DeSantis and other officials alleging a ‘targeted campaign of government retaliation’ after the company…
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Thousands of SVB staffers to receive $25 million in payroll stuck in stock purchase program
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About 4,000 employees of Silicon Valley Bank are set to receive $25 million that has been trapped for weeks in an employee stock purchase program, according to the Federal Deposit…