A woman is seen shopping on ASOS the online fashion store on a laptop. Dinendra Haria | SOPA Images | LightRocket | Getty Images Nordstrom said Sunday it has acquired a minority stake in four apparel brands owned by the online U.K. fashion house Asos. The brands — Topshop, Topman, Miss Selfridge and the activewear …
(Bloomberg) — Oil was steady after a two-day gain amid optimism that fuel demand will keep rising, despite a Covid-19 resurgence in many regions. Futures in New York traded near $75 a barrel after advancing more than 2% on Friday. The rollout of vaccines and rebound in economic activity across major economies, particularly the U.S., …
Oil Steadies After Two-Day Gain With Demand Outlook in Focus Read More »
(Bloomberg) — Paul Fernandes, a 50-year-old waiter in India, last year took out a loan using his gold as collateral to pay for his children’s education after losing his job on a cruise liner. This year, he is selling his gold jewelry to meet expenses, after failed attempts at starting a home business and finding …
Indians Offload Gold Heirlooms as Virus Deepens Financial Pain Read More »
Hedge funds walloped by the meteoric rise of stocks such as GameStop Corp. and AMC Entertainment Holdings Inc. in January are still struggling to get out from under those losses. Melvin Capital Management, which lost more than $6 billion in January, is now down 46% for the year through June, the fund recently told investors. …
The Meme Stock Rally Hurt Melvin and Maplelane. It Hasn’t Gotten Easier Since. Read More »
(Bloomberg) — El Salvador’s declaration of Bitcoin as legal tender could create challenges for both the country and the cryptocurrency, according to a team from JPMorgan Chase & Co. Bitcoin trading volumes commonly exceed $40 billion to $50 billion per day, but most of that is internalized by major exchanges, said a group from JPMorgan …
El Salvador Move Could Strain Bitcoin Blockchain, JPMorgan Says Read More »
The White House call for revised enforcement guidelines to promote hospital competition will likely amplify federal scrutiny of hospital mergers, which health economists say have raised prices. The Biden administration order, released Friday, encouraged the Justice Department and Federal Trade Commission to review and possibly revise their merger guidelines. It highlighted hospital consolidation, which the …
Biden Competition Order Targets Hospital Mergers, Surprise Medical Bills Read More »
Dump the ‘single buy and single sell’ mindset and focus on timing and position size. By JAMES “REV SHARK” DEPORRE Jul 10, 2021 | 10: 00 AM EDT The one great certainty of the stock market is cycles. There will be ups and downs and bull markets followed by bear markets. The thinking of many …
Take Advantage of Market Corrections by Stalking Your Favorite Stocks Read More »
Just days from now, Biden is set to gamble a proposed $2.5 trillion on a new plan, in hopes of bringing America’s foundation into the next generation. It’s coming in the form of the biggest infrastructure project since the highway system was built in the 1970s. But with today’s massive infrastructure bill, most people might …
Biden’s $2.5 Trillion Plan Could Send These 3 EV Stocks Soaring Read More »
Text size Why does China need a reserve requirement rate cut? Qilai Shen/Bloomberg This commentary was issued recently by money managers, research firms, and market newsletter writers and has been edited by Barron’s. Trouble at China’s Banks? ING SnapsINGwww.think.ing.com July 9: The Chinese government has unexpectedly announced a broad-based RRR [reserve requirement rate] cut to …
China Just Cut Reserve Requirements for Its Banks. Why One Economist Is Worried. Read More »
In Q2, bitcoin hit an all-time high (ATH) of $64,888.99 and ended the quarter down 46% from its ATH at $35,046.22. The drop, among other factors, prompted our team to make the bold claim in a previous issue of Crypto Long & Short that cryptocurrencies are officially in a bear market. Price declines invite the …
Crypto Long & Short: A Bear Market Doesn’t Spell Doom Read More »