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Finance Tech, Liquidity, Trading

Art Cashin expects more stock pain as traders worry about Fed losing control of bond market

February 26, 2021

Via: CNBC

Longtime trader Art Cashin told CNBC on Friday that investors should brace themselves for a period of stock market volatility as Wall Street digests rising bond yields. “You have to be very careful. There is a fine line. If the […]


Industries, Retail & Wholesale

As store owners sign more short-term leases, landlords are taking a risky bet on the future of retail

February 26, 2021

Via: CNBC

Retailers and their landlords are engaged in a high-stakes game of risk right now. And it will be a few years until we find out which party is on the winning side. As thousands of retail leases come up for […]


Capital, Finance Tech, Liquidity

The wealthy are borrowing billions against their art collections and lenders are reselling the debt

February 25, 2021

Via: CNBC

More and more wealthy art collectors are cashing in on low interest rates to borrow against their Picassos and Basquiats, adding to risks of a leveraged boom and bust in the art market. The Fine Art Group, an art advisory […]


News

Weekly jobless claims drop sharply but labor market remains challenged

February 25, 2021

Via: CNBC

Jobless claims fell sharply last week despite severe winter storms that swept across Texas and other parts of the South, the Labor Department reported Thursday. First-time filings for unemployment insurance totaled 730,000 for the week ended Feb. 20, well below […]


Finance Tech, Trading

Stocks are off to a mixed start on Wall Street; yields rise

February 24, 2021

Via: ABC News

BANGKOK — Major indexes are off to a mixed start on Wall Street as gains for banks and industrial companies are offset by losses in Big Tech stocks like Apple and Amazon. The S&P 500 was down 0.2% in the […]


Capital, Finance Tech

Elon Musk is no longer the world’s richest person after losing $15bn

February 24, 2021

Via: Sky News

The 49-year-old business magnate has now fallen to second place on the Bloomberg Billionaires Index of the world’s 500 richest people with a net worth of $183.4bn (£129bn) – a significant drop from a peak of $210bn (£148bn) in January. […]


Enterprise, Finance Tech, Industries, Trading

Ford’s stock hasn’t done this in 6 years, chart analyst says as Wall Street grows optimistic on consumer plays

February 23, 2021

Via: CNBC

Wall Street analysts are doubling down on their calls for a consumer spending recovery. Barclays, Credit Suisse and Wells Fargo released notes Monday highlighting their excitement about several consumer stocks, with Barclays reaffirming its positive view on TJX Companies, Credit […]


Industries, Retail & Wholesale

Home Depot tops estimates as sales surge 25%, but shares fall on worries pandemic gains won’t last

February 23, 2021

Via: CNBC

Home Depot’s fourth-quarter earnings surged past investors’ expectations as consumers poured more money into home improvement due to the pandemic and strength of the real estate market. Shares were down more than 5% early Tuesday, after the company did not […]


Industries, Others

December home prices rose 10.4%, the biggest gain in 7 years, Case-Shiller says

February 23, 2021

Via: CNBC

December is usually the slowest month for the housing market, but price gains didn’t slow down one bit in 2020. In fact, they rose at the fastest pace in seven years. Home prices nationally increased 10.4% compared with December 2019, […]


Energy, Industries

As some Texans see electric bills skyrocket, most should be spared pricing spikes

February 22, 2021

Via: USA TODAY

After weathering power and water outages and broken pipes, many Central Texans are now facing their next fear: What will their electricity bill look like after all of this? As some Texans report sky-high bills, customers of the area’s three […]