Wealth giant AMP is urging the federal government to increase the cap on life insurance commissions for financial advisers, despite the banking royal commission finding there was a case for them to be abolished due to conflicts of interest. In its submission to a Treasury review that has reignited debate over the contentious issue, AMP has argued that current caps […]
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Equities have been absolutely crushed to bear market status. Some investors now are shopping around and bottom-fishing for any stock that could provide some upside. One major Wall Street firm believes it has found a couple that offer huge upside potential. J.P. Morgan issued a few calls recently, and although there is no particular focus in terms of sector or […]
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Markets were somewhat mixed on Thursday after what has been a rocky and truncated trading week. The Nasdaq was pushing higher by nearly 50 basis points, while the S&P 500 was flat and the Dow Jones was lower by 25 basis points. Fed Chair, Jerome Powell, appeared before the Senate Banking Committee for the second time this week discussing monetary […]
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Well, that didn’t last long. As we suspected, each and every market rally until the Federal Reserve completes the interest rate hike cycle likely will be met with selling as investors try to go to cash and get away from the market’s downward spiral. That is why it may make sense to look to Europe for some ideas now, as […]
Read morevideo Inflation prompts increase in gig workers amid ‘good’ job market: Expert Americans are relying on job side hustles to make ends meet as the job market is ‘ostensibly good’, according to Bankrate.com senior analyst Ted Rossman. FOX Business Gerri Willis with more. For many workers, one job is just not cutting it and inflation is to blame. More Americans […]
Read morevideo Biden has no rational plan to solve gas crisis: Rep. Westerman House Natural Resources Committee ranking member reacts to the mixed messaging surrounding the president’s trip to Saudi Arabia on ‘The Evening Edit.’ The Netherlands is joining other European nations in reverting to coal amid an energy crisis provoked by Russia’s invasion of Ukraine. This week, the Netherlands said […]
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MILAN (Reuters) -Italy’s Industrie De Nora is counting on cornerstone investors to defy volatility that has inhibited several initial public offerings in Europe this year.FILE PHOTO: De Nora logo is displayed on a smartphone in this illustration taken June 13, 2022. REUTERS/Dado Ruvic/IllustrationThe electrode maker said on Monday it was seeking a valuation of up to 3.28 billion euros ($3.45 […]
Read morevideo Investors shouldn’t commit capital ‘too aggressively’ in current market: Expert Treasury Partners CIO Richard Saperstein on when he believes the stock market will signal its near the bottom. After another volatile week for the stock market prompted by worries over record high inflation and growing recession fears, investors can take a breather Monday as the financial markets will be […]
Read moreLOS ANGELES (Reuters) – A Republican-controlled county commission in New Mexico that refused to recognize election returns this month after citing unfounded conspiracy theories about voting machines bowed to legal pressure on Friday and certified the results. Otero County commissioners voted 2-1 to certify the county’s June 7 primary election results, but only after the New Mexico Supreme Court ordered […]
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