Topline Shares of digital real estate marketplace Zillow tumbled nearly 20% on Wednesday morning, a day after the company announced in its earnings results that it would shutter its home-flipping business due to the “unpredictability” of the housing market. Key Facts Zillow’s stock fell nearly 20% to around $69 per share by midday on Wednesday,
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In this article COLM CLBK Even though the Federal Reserve didn’t raise its benchmark rate Wednesday, the days of low rates are clearly numbered. Reports of hotter-than-anticipated inflation have paved the way for the central bank to unwind last year’s bond buying. While the Fed said that interest rates will stay near zero for now,
As the lights and tumult died down, New York City Mayor-elect Eric Adams stood among his supporters at his campaign headquarters in Brooklyn and looked out over the crowd. Just having defeated Republican Curtis Sliwa, by a 73% to 23% margin Tuesday night, Adams felt it was time to bring home his message of unity
The Mark Carney-led coalition of international financial companies signed up to tackle climate change has up to $130tn of private capital committed to hitting net zero emissions targets by 2050. The Glasgow Financial Alliance for Net Zero (Gfanz) — which is made up of more than 450 banks, insurers and asset managers across 45 countries
American multinational investment bank JPMorgan has put a price on Bitcoin and it is a lot less than the asset currently trades for. In a report to investors as part of the bank’s inaugural outlook focused on alternative investments, strategists stated that alternative assets which include cryptocurrencies “should continue to outperform into 2022.” They also
President Joe Biden said he’ll announce soon his choice of nominees for chair and other vacancies on the Federal Reserve, amid a scandal over stock trades by central bank officials. “We’ll be making those announcements fairly quickly,” he said Tuesday at a press conference at a climate summit in Glasgow, Scotland. Biden has started meeting
During bull markets, altcoins tend to accrue gains when Bitcoin price consolidates and at they run in tandem with BTC price during breakouts. This dynamic appears to be at play today because multiple altcoins went parabolic at the same time that BTC made a run at $64,000 and Ether (ETH) hit a new all-time high
We highlight the top performing small cap ETFs of 2018 and the reasons behind their outperformance. (PXSG, FYC, SLYG). PowerShares Russell 2000 Pure Growth Portfolio: https://www.zacks.com/funds/etf/PXSG/profile?cid=CS-YOUTUBE-FT-VID First Trust Small Cap Growth AlphaDEX Fund: https://www.zacks.com/funds/etf/FYC/profile?cid=CS-YOUTUBE-FT-VID SPDR S&P 600 Small Cap Growth ETF: https://www.zacks.com/funds/etf/SLYG/profile?cid=CS-YOUTUBE-FT-VID Follow us on StockTwits: stocktwits.com/ZacksResearch Follow us on Twitter: twitter.com/ZacksResearch Like us on
In this article CAR A customer boards an Avis Budget Group Inc. shuttle bus at the Denver International Airport (DEN) in Denver, Colorado, U.S., on Wednesday, Oct. 28, 2015. Luke Sharrett | Bloomberg | Getty Images Car rental stock Avis Budget surged Tuesday after the company reported a stronger-than-expected third quarter that sparked massive trading
In this article UAA MS CAR GPN The logo marks the showroom and service center for the US automotive and energy company Tesla in Amsterdam on October 23, 2019. John Thys | AFP | Getty Images Check out the companies making headlines in midday trading. Avis Budget — Shares of the rental car company jumped
The Berman Buckskin Ranch in low-key Placerville, Colorado, has had no shortage of high-stakes owners. The glass, wood and stone main house was originally designed for Academy Award-winning writer and director Oliver Stone and later re-envisioned by Lyle Berman. The professional poker player and business executive got his start working at his dad’s leather business, for whom
3715 S. Ocean Blvd in Highland Beach is a three level storm-proof fortress elevated on pilings and constructed of poured concrete and storm-proof glass. Daniel Petroni A waterfront megahome in Highland Beach has sold twice this year, and each time it has raised the bar for for this South Florida town, which has become one
Municipals were little changed and lightly traded Monday as the market readies for the new month and lighter supply this week while all eyes remain on Wednesday’s FOMC meeting. Triple-A benchmarks were little changed on Monday while ratios hovered near recent levels. Municipal-to-UST ratios saw the 5-year at 53%, the 10-year at 76% and the
Pfizer has more than doubled the 2021 sales forecast for its Covid-19 vaccine since February and predicted another bumper year in 2022 as it expands global distribution and begins shipping jabs for boosters and children. The US company said on Tuesday that it expected to generate $36bn in sales this year and $29bn in 2022,
Global investment bank Goldman Sachs is reportedly predicting that the price of ether could rise to $8,000 by year-end. The bank’s analysts explained that cryptocurrencies have traded in line with inflation breakevens since 2019. Ether Could Reach $8K by Year-End, According to Goldman Sachs Goldman Sachs has reportedly explained in a research note circulated by
The Puerto Rico Oversight Board said the current bond adjustment deal would collapse unless the bankruptcy judge said a recently passed law, which bars pension “cuts,” actually allows for the board’s planned pension changes. Puerto Rico Oversight Board Attorney Martin Bienenstock raised these concerns in a pretrial conference and hearing leading up to the Plan
Big Oil has been out of favor for over a decade. But on the reopen, are the analysts finally bullish? Visit our website: https://www.zacks.com Visit our Stocktwits account: https://stocktwits.com/ZacksResearch Check out our weekly promotion: https://www.zacks.com/promo If you’re interested in our services, please check out Zacks Ultimate: https://www.zacks.com/ultimate/?adid=YOUTUBE&cid=sm-YOUTUBE
In this article TSLA CNBC’s Jim Cramer expressed wonderment Monday at the continued strength in Tesla‘s stock — up about 50% in the past month and roughly 200% in the past 12 months. “Tesla is actually a phenomenon we have to talk about,” Cramer said on “Squawk on the Street,” before the opening bell on
Former hedge fund manager Nelson Saeirs’ paintings visually represent the volatility trading algorithms he used on Wall Street. This one is titled, “The VIX over 40.” A reading in the VIX volatility index over 40 has historically preceded huge market losses Source: Nelson Saiers If there ever was a year active management should have outperformed
A mechanic works on a motorcycle at a Harley-Davidson showroom and repair shop in Lindon, Utah, on Monday, April 19, 2021. George Frey | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Franklin Resources — Shares of the asset manager jumped 12% after the company reported better-than-expected quarterly earnings. Franklin