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July 5, 2022

market

Jim Cramer: To understand this year’s vile market, study the dot-com crash of 2000

CNBC
CNBC – For more and to sign up click here Forty years is an awfully long time. Yet that’s how much time has passed since we have had an abomination like this first half of the year. Almost everything went down. Your stocks went down. Your bonds went down. Your house......

Teen workers in a hot summer job market can use the ‘greatest money-making asset’ to their advantage, says CPA

CNBC
CNBC – For more and to sign up click here For years, fewer teenagers were looking for summer jobs, opting instead to bolster their college applications with academic programs or unpaid internships. But as the economy bounced back from the pandemic, employers were almost begging for workers and some opportunities......

Another crypto lender Vauld pauses withdrawals as market crash takes its toll

CNBC
CNBC – For more and to sign up click here Billions of dollars of value have been wiped off the cryptocurrency market in the last few weeks. Companies in the industry are feeling the pain. Lending and trading firms are facing a liquidity crisis and many firms have announced layoffs.......

EU agrees to tame ‘Wild West’ with new crypto market rules

Reuters
Souvenir tokens representing cryptocurrency Bitcoin and the Ethereum network, with its native token ether, plunge into water in this illustration taken May 17, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register LONDON, July 1 (Reuters – Cryptocurrency companies will need a licence and customer safeguards to......

China takes fresh steps to open bond market to foreigners

Reuters
A China yuan note is seen in this illustration photo May 31, 2017. REUTERS/Thomas White Register now for FREE unlimited access to Reuters.com Register SHANGHAI, July 1 (Reuters) – China took fresh steps on Friday to facilitate foreign investment in its $20 trillion bond market, saying it would cut service......

Australian BNPL firm Openpay hits pause on U.S. market as interest rates climb

Reuters
Openpay to ‘materially’ reduce U.S. workforce BNPL business model in danger as interest rates climb July 1 (Reuters) – Openpay Group (OPY.AX), an Australian buy-now-pay-later (BNPL) firm, has halted operations in the United States four months after describing it as its main growth market, the latest casualty among consumer finance......

Column: Oil market confronts U.S. and EU policymakers with unpalatable choices: Kemp

Reuters
LONDON, June 29 (Reuters) – With global inventories steadily falling and spare capacity eroding, the oil market resembles a geological fault line in which stress is quietly accumulating and will eventually be relieved by an earthquake of as yet unknown magnitude. The most likely stress relief will come from a......

Man United will lean on senior players, transfer market won’t solve all problems

ESPN
11:41 AM ET Rob DawsonCorrespondent Once Manchester United‘s first wave of returning players had trotted out onto the pitches at Carrington on Monday afternoon, the first thing new manager Erik ten Hag did was to gather them into a group. Flanked by assistants Steve McLaren and Mitchell van der Gaag,......

LVMH buys California wine giant Joseph Phelps as high-end drinks market soars

CNBC
CNBC – For more and to sign up click here LVMH’s Moet Hennessy division on Wednesday announced it has acquired California wine-maker Joseph Phelps Vineyards, as the French luxury goods giant continues to broaden its drinks portfolio. The deal delivers Moet one of the best-known California wine makers, famous for......

Crypto hedge fund Three Arrows Capital plunges into liquidation as market crash takes toll

CNBC
CNBC – For more and to sign up click here Major cryptocurrency hedge fund Three Arrows Capital has fallen into liquidation, a person with knowledge of the matter told CNBC, marking one of the biggest casualties of the latest so-called “crypto winter.” Teneo has been brought on board in the......

Why NYC’s housing market is so crazy — and affordable housing is so hard to find

NYPost
Howard Husock It’s easy to conclude from the craziness of New York City’s rental market — including that long line for a tiny, rent-regulated East Village apartment — that what the city needs is more “affordable housing.” Source – For more click here To Return to the Main Aggregate News......

Jim Cramer picks 4 ‘buyable’ stocks to snap up after ugly market days

CNBC
CNBC – For more and to sign up click here CNBC’s Jim Cramer recommended four stocks investors should consider adding to portfolios after ugly days in the market like Tuesday. “While this may be a bear market, as long as commodity prices keep coming down, these stocks should be winners,......

Credit Suisse tempers growth plans in turbulent market

Reuters
The logo of Swiss bank Credit Suisse is seen at its headquarters at the Paradeplatz square in Zurich, Switzerland October 1, 2019. REUTERS/Arnd Wiegmann Register now for FREE unlimited access to Reuters.com Register ZURICH, June 28 (Reuters) – Credit Suisse (CSGN.S) may “temper” some of its key growth initiatives in......

Walgreens abandons Boots sale after market turmoil

BBC
https://www.bbc.co.uk/news/business-61966202?at_medium=RSS&at_campaign=KARANGA Rosalind Brewer, chief executive of Walgreens Boots Alliance, said: “We have now completed a thorough review of Boots and No7 Beauty Company, with the outcome reflecting rapidly evolving and challenging financial market conditions beyond our control.” BBC – For more and to sign up click here To Return to......

The housing market slowdown is showing up in shipping data from China

CNBC
CNBC – For more and to sign up click here Spending cutbacks by the consumer already led to a decrease in Chinese manufacturing orders by U.S. importers of 20-30%, as recently reported by CNBC, and more recent data from U.S. shippers shows the housing market slowdown is now showing up......

Stocks extend bear market bounce as inflation angst eases

Reuters
MILAN/TOKYO, June 27 (Reuters) – World shares extended their bounce on Monday, building on Friday’s strong Wall Street close as off-peak oil prices helped sentiment improve and temper fears of prolonged inflation. Strong morning gains in Europe and a rally across Asian markets after China further eased COVID-19 restrictions drove......

Recruiters say the tech job market is still red-hot, despite isolated layoffs and cautious words from execs

CNBC
CNBC – For more and to sign up click here A ‘We’re Hiring!’ sign is displayed at a Starbucks Mario Tama | Getty Images News | Getty Images Last week, senior product manager for Coinbase David Hong wrote on LinkedIn that he was up at 4am to prepare for a......

Quarter-end buying may lift stocks higher before the next market storm

CNBC
CNBC – For more and to sign up click here Trader on the floor of the NYSE, June 7, 2022. Source: NYSE The stock market is about to close out its worst first half in decades in the week ahead, setting the stage for a summer of uncertainty and volatility.......

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