Millionaire investors have been hoarding cash. The average investor shouldn’t necessarily do the same.
Category: Finance News
Stocks making the biggest moves midday: GameStop, Amazon, Carvana and more
These are the stocks posting the largest moves in midday trading.
Jobless claims increase more than expected to their highest since October 2021
Initial filings for unemployment benefits totaled a seasonally adjusted 261,000 for the week ended June 3, an increase of 28,000.
IRS still has a sizable backlog of returns despite improvements, taxpayer advocate says
Despite improvements, the IRS still has a sizeable backlog of tax returns, according to Erin Collins, the country’s National Taxpayer Advocate.
Stocks making the biggest premarket moves: GameStop, Wynn Resorts, Lucid, Adobe & more
These are the stocks posting the largest moves in the premarket.
Euro zone enters recession after Germany, Ireland growth revision
The euro zone entered a recession in the first quarter of this year and economists are not optimistic for the coming months.
The family office for Mark Zuckerberg and Jack Dorsey backs French rival to Microsoft Excel
Pigment is best known for its business planning and forecasting platform that’s designed to be more user-friendly than Microsoft’s Excel.
China’s big banks cut deposit rates, signaling monetary easing ahead
China’s largest banks cut interest rates for savers on Thursday in a bid to boost growth in an economy where consumption has been slow to recover.
It’s now cheaper for travelers to go to Bhutan — if they stay long enough
Travelers who visit Bhutan for at least five nights won’t have to pay the full amount for the country’s daily $200 tourist tax, or Sustainable Development Fee.
Amazon stock dips after Bernstein analysts pen ‘open letter’ to CEO. Here’s what the pros say
Pros on CNBC discussed what they think about Amazon stock after Bernstein analysts wrote an “open letter” to CEO Andrew Jassy and the board.