Funny Insurance Memes Lighter Side of Mortgate Memes
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Why Nio Stock Surged 10% Today
Nio (NYSE: NIO) stock surged Tuesday morning as the broader U.S. market rose, and was trading 10.2% higher as of 12:23 p.m. ET. Ironically, the electric vehicle (EV) maker just got a massive price target downgrade, but investors right now appear to care less about what analysts think and more about what's happening in Nio's home market of China. On Tuesday morning, Citigroup analyst Jeff Chung slashed his price target on Nio to $41.10 per share from $87 a share, according to TheFly.com.
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Billionaire Ron Baron Says Recent Market Weakness Offers Huge Buying Opportunity; Here Are 3 Beaten-Down Stocks Analysts Like
Last month, the annualized rate of inflation hit 8.6%, the highest in more than 40 years. Last week, in response, the Federal Reserve bumped up its benchmark interest rate by 75 basis points, the largest such hike since 1994. The combination of high inflation and aggressive tightening action by the central bank sent an already jittery stock market to its worst single week since the onset of the COVID crisis, and has economists talking gloomily about a repeat of the late 1970s and early 1980s, wh
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Meet the 'unluckiest' stock market investor of modern times
If you're thinking of pulling your 401(k) out of the stock market, or you're too terrified to invest more, you need to meet my friend Betty Badluck. Poor old Betty has had the worst luck of any stock market investor you've ever met. In the last 40 years she has invested in the stock market just six times.
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Fed to lift rates by 75 basis points in July, 50 bps in September - Reuters poll
The Federal Reserve will deliver another 75-basis-point interest rate hike in July, followed by a half-percentage-point rise in September, and won't scale back to quarter-percentage-point moves until November at the earliest, according to economists polled by Reuters. Last week the Fed hiked the federal funds rate by three-quarters of a percentage point, its largest rate increase since 1994, after official data just a few days earlier showed inflation unexpectedly rose despite expectations it had peaked. The latest poll results, released on Wednesday before Fed Chair Jerome Powell was due to appear before the Senate Banking Committee as part of his twice-yearly monetary policy testimony to Congress, show momentum is still behind the U.S. central bank doing more, not less, despite rising recession concerns and a steep sell-off in financial markets.
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UPDATE 2-U.S. Supreme Court rejects Bayer bid to nix Roundup weedkiller suits
The U.S. Supreme Court on Tuesday rejected Bayer AG's bid to dismiss legal claims by customers who contend its Roundup weedkiller causes cancer as the German company seeks to avoid potentially billions of dollars in damages. The justices turned away a Bayer appeal and left in place a lower court decision that upheld $25 million in damages awarded to California resident Edwin Hardeman, a Roundup user who blamed his cancer on the pharmaceutical and chemical giant's glyphosate-based weedkillers. The Supreme Court's action dealt a blow to Bayer as the company maneuvers to limit its legal liability in thousands of cases.
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Meta and other tech giants form metaverse standards body, without Apple
Meta, Microsoft and other tech giants racing to build the emerging metaverse concept have formed a group to foster development of industry standards that would make the companies' nascent digital worlds compatible with each other. Participants in the Metaverse Standards Forum include many of the biggest companies working in the space, from chip makers to gaming companies, as well as established standards-setting bodies like the World Wide Web Consortium (W3C), the group said in an statement announcing its creation on Tuesday. Conspicuously missing from the member list for now however is Apple, which analysts expect to become a dominant player in the metaverse race once it introduces a mixed reality headset this year or next.
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Stocks, Futures Fall on Pervasive Economic Fears: Markets Wrap
(Bloomberg) -- Stocks in Europe fell along with US futures and Asian equities amid ever-louder warnings that Federal Reserve monetary tightening may lead to an economic downturn. The dollar climbed. Most Read from BloombergLiz Cheney Is Paying the Price in Her Home State for Crossing TrumpSwitzerland Imports Russian Gold for First Time Since WarStocks Surge After $2 Trillion Wipeout; Bonds Fall: Markets WrapMortgage Lenders Timed the Market PerfectlyElon Musk Sounds Off on Recession Risk, Twitte
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Crypto Billionaire Sam Bankman-Fried Doles Out Credit Lines to Stem Contagion
(Bloomberg) -- Sam Bankman-Fried, the crypto billionaire who co-founded digital-asset exchange FTX Trading Ltd., is providing credit lines to try to stem contagions for his beleaguered industry. Most Read from BloombergLiz Cheney Is Paying the Price in Her Home State for Crossing TrumpSwitzerland Imports Russian Gold for First Time Since WarStocks Surge After $2 Trillion Wipeout; Bonds Fall: Markets WrapMortgage Lenders Timed the Market PerfectlyElon Musk Sounds Off on Recession Risk, Twitter De
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Want $10,000 in Annual Dividend Income? Invest $134,200 in These Ultra-High-Yield Stocks
Morgan Stanley's chief executive officer James Gorman was the latest prominent executive to warn of a coming recession, saying at a June 13 financial conference, "It's possible we go into recession, obviously, probably 50-50 odds now." Ultra-high-yield dividend stocks can be a good place to run for cover during turbulent markets. Investors with an extra $134,200 in capital lying around to evenly split between these two quality income stocks could generate growing five-figure annual dividend income in the years ahead.
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10 Value Stocks To Buy Today According To Mario Gabelli
In this article, we discuss the 10 value stocks to buy today according to Mario Gabelli. If you want to skip our detailed analysis of Gabelli's investment philosophy, hedge fund returns, and history, go directly to 5 Value Stocks To Buy Today According To Mario Gabelli. Billionaire investor Mario Gabelli is known for founding and […]
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Pumped by Elon Musk, Dogecoin gains amid slow market recovery
Dogecoin and Shiba Inu have been staging a strong comeback since Elon Musk came out on Sunday supporting the former. See related article: Has 'Crypto Winter' arrived with Bitcoin, Ether prices falling? Fast facts Dogecoin rose more than 15% in morning trade on Wednesday in Asia, according to CoinMarketCap data. The memecoin rose to a […]
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Oil slumps $6 a barrel as Biden pushes for U.S. fuel cost cuts
(Reuters) -Oil prices skidded more than $6 a barrel on Wednesday amid a push by U.S. President Joe Biden to bring down soaring fuel costs, including pressure on the country's major energy firms to help ease the pain for drivers during peak summer consumption. By 0718 GMT, U.S. West Texas Intermediate (WTI) crude futures were off lows but still down $5.98, or 5.46%, at $103.54 a barrel. As the United States, the world's largest oil consumer, struggles to tackle soaring gasoline prices and inflation, President Joe Biden is expected to call on Wednesday for temporarily suspending the 18.4-cents a gallon federal tax on gasoline, a source briefed on the plan told Reuters.
Source: https://finance.yahoo.com/news/17-memes-youll-love-split-172714270.html
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