video Sam Bankman-Fried has ‘dug himself a very big hole’: Darragh Grove-White FTX investor and digital marketing strategist Darragh Grove-White argues while Sam Bankman-Fried entered the market as a crypto pioneer, his ‘altruism’ got the best of him. A New York judge has ruled Thursday that FTX founder Sam Bankman-Fried can post $250 million bond and live in his parents' […]
Read morevideo Biden discusses Micron’s plan to invest in CHIPS manufacturing Biden discusses Micron’s plan to invest in CHIPS manufacturing. Nearly 5,000 Micron employees will lose their jobs following the semiconductor manufacturer’s announcement to reduce 10% of its workforce and undergo a restructuring plan in 2023. "Due to the significant supply demand mismatch entering calendar 2023, we expect that profitability […]
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Premarket action Thursday had all three major U.S. indexes trading slightly lower. The Dow Jones industrial average was down 0.21%, the S&P 500 down 0.18% and the Nasdaq 0.22% lower. All 11 market sectors closed higher Wednesday, with industrials (1.85%) and financials (1.7%) gaining the most. Consumer staples (0.82%) posted the day’s smallest gain. The Dow closed up 1.6%, the […]
Read morevideo FOX Business Flash top headlines for December 21 Check out what’s clicking on FoxBusiness.com Hundreds of employees at Tyson Foods have decided not to relocate to the company's headquarters in Arkansas next year as the company consolidates its corporate offices. The workers are reportedly from two of its largest business units, according to the Wall Street Journal. Tyson announced […]
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There is a recurring pattern in Wall Street history known as the “January effect,” in which small-cap stocks outperform their large-cap brethren, and the lower-capitalization and lower-quality names are often the biggest winners. Steven DeSanctis, the Jefferies outstanding equity strategist, feels that, given how awful 2022 has been, not only could the January effect be in play, but it could […]
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Premarket action Wednesday had all three major U.S. indexes trading slightly higher. The Dow Jones industrials were up 0.76%, the S&P 500 up 0.64% and the Nasdaq 0.61% higher. Seven of 11 market sectors closed higher Tuesday, with energy (1.52%) and communications services (0.72%) gaining the most. The real estate sector (−0.27%) posted the day’s largest dip. Monday’s trading action […]
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This report was sent to Briefing.com subscribers earlier today. Upgrades: > American Equity Investment Life (AEL) upgraded to Strong Buy from Outperform at Raymond James; tgt $48 > Enphase Energy (ENPH) upgraded to Outperform from Market Perform at Northland Capital; tgt $365 > Glaukos (GKOS) upgraded to Neutral from Underweight at JP Morgan; tgt lowered to $42 > Moderna (MRNA) […]
Read morevideo FTX founder Samuel Bankman-Fried won’t contest extradition to US Former U.S. attorney Marc Litt joined ‘Fox & Friends Weekend’ to discuss the background on extradition and how SBF’s ex-girlfriend is reportedly cooperating with officials. A small town in western Massachusetts is bracing for the potential fallout from the collapse of the FTX cryptocurrency exchange after ex-FTX executive Ryan Salame […]
Read morevideo Risk of recession in Europe is ‘very high’: Diane Swonk KPMG chief economist Diane Swonk and The Cow Guy Group founder Scott Shellady discuss if Fed rate hikes will bring the U.S. economy to a halt and if there’s a risk of global recession on ‘The Claman Countdown.’ Last week's awful stock market performance has left many wondering whether […]
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