Top 10 Most Recent Blog Posts
GameStop Stock Manipulation Lawsuit Targets Keith Gill
Category: Stocks
Total Views: 14
By : Dylan Bailey
Updated: 07-01-2024
"Roaring Kitty" Faces Lawsuit for Alleged GameStop Manipulation
Known online as "Roaring Kitty," Keith Gill is under legal hot fire for allegedly manipulating GameStop's stock. Gill's activities, according to investors, amounted to a "pump-and-dump" tactic resulting in notable financial losses. Gill is being sued for securities fraud in the Brooklyn federal court. Lead by Martin Radev, the plaintiffs claim that Gill's actions between May 13 and June 1... Continue Reading
Improved Housing Supply Limits New Construction Growth
Category: Real Estate
Total Views: 62
By : Olivia Taylor
Updated: 07-01-2024
Unexpected Decline in U.S. Construction Spending in May
Unexpectedly declining U.S. construction spending in May signaled a change in the market. The Census Bureau of the Commerce Department noted a 0.1% drop. This drop came after an upwardly corrected 0.3% increase in April. For May, economists had projected a 0.2% rebound. This surprising decline begs problems regarding the stability of the market. A big part was played by higher mortgage rates. They influenced general construction confiden... Continue Reading
Banking Stocks Propel Dow as Semiconductor Shares Decline
Category: Markets
Total Views: 105
By : Owen Jenkins
Updated: 07-01-2024
Banking Stocks Propel Dow, Semiconductor Shares Drag Nasdaq
Monday's Dow rose with banking stocks, while the S&P 500 banking index surged 1.3% to its highest in more than a month. JP Morgan Chase's all-time high for shares helps to explain the index's climb. As U.S. Treasury yields peaked in more than two weeks, this increase in banking stocks followed. Strong financial performance and positive economic data have investors hopeful about the banking industry. The increase in Tr... Continue Reading
Lower Factory Input Prices Signal Inflation Relief
Category: Economy
Total Views: 58
By : Dominic Sanders
Updated: 07-01-2024
U.S. Manufacturing Sector Contracts for Third Consecutive Month
June's U.S. manufacturing sector contracted for the third month running. From 48.7 in May, the Institute for Supply Management (ISM) recorded that its manufacturing PMI dropped to 48.5 in June. A PMI reading less than fifty suggests contraction. Ten percent or so of the U.S. economy is manufacturing. Economists had projected a small rise in the PMI to 49.1. Main causes of this drop are rising interest rates and declining dema... Continue Reading
Boeing's Future Contracts at Risk with Fraud Charges
Category: Business
Total Views: 69
By : Riley Hayes
Updated: 07-01-2024
U.S. Justice Department to Charge Boeing with Fraud
Two deadly 737 MAX aircraft crashes will result in criminal charges against Boeing by the US Justice Department. In 2018, and 2019, there were two crashes that claimed 346 lives. Prosecutors intend to present a plea deal with an independent monitor and a monetary fine. The monitor will spend three years auditing Boeing's compliance and safety procedures. Boeing needs to choose between a trial and a guilty plea. We'll present the plea... Continue Reading
Euro Gains on France's Election, Market Eyes Fed Decisions
Category: Markets
Total Views: 64
By : Caleb Price
Updated: 07-01-2024
Euro Gains After France's Snap Election
Following the first round of France's snap election, which placed the far-right National Rally (RN) party in the lead, the euro appreciated Monday. While winning, Marine Le Pen's party received a lower percentage of the vote than some polls had predicted. Since President Emmanuel Macron announced the election on June 9, the euro had lost almost 0.8%, but it was now up 0.24% at $1.0737. It hit a more than week-high of $1.0749 earlier in the s... Continue Reading
Emerging Global Tech Hubs: Talent Beyond Silicon Valley
Category: Business
Total Views: 226
By : Editor
Updated: 06-30-2024
The Rise of Borderless Hiring in Technology
Technology is starting to see a lot of borderless hiring. Companies are not limited to local talent pools any more. With this change, companies can hire qualified people from all over the world. The COVID-19 pandemic hastened this tendency as working remotely became the standard. Because of the nature of their work, technology companies are especially suited for this changeover. The talent pool is bigger and more varied when hiring without borders. ... Continue Reading
Lightwave Logic Inc. (LWLG) Stock Analysis & Market Trends
Category: Stocks
Total Views: 296
By : Kelly Martin
Updated: 06-30-2024
Lightwave Logic Inc. (LWLG) Overview
Specializing in high-performance electro-optic polymers, Lightwave Logic Inc. (LWLG) is a technology company. Faster data transmission in data centers and telecoms depends on these polymers. With its cutting-edge solutions, the company hopes to completely transform data networks. June 28, 2024, sees the stock price at $2.99. Operates in the technology industry is Lightwave Logic. The special technology of the company has great potential to progress the sec... Continue Reading
Fed Stress Test Coverage Expanded: Banking Sector Insights
Category: Economy
Total Views: 270
By : Editor
Updated: 06-30-2024
Understanding Stress Capital Buffers (SCB) in Fed Stress Tests
The stress capital buffer (SCB) of banks, an extra capital cushion needed to weather hard economic times, is ascertained by the Fed stress tests. This legal need seeks to guarantee banks have enough capital to sustain lending during recessions. The way a bank does in stress tests affects its capacity to give shareholders dividends and buybacks of their capital. Understanding SCB implications is essential for investors and stakehol... Continue Reading
Impact of Uber and Lyft Settlement on Driver Classification
Category: Business
Total Views: 288
By : Editor
Updated: 06-30-2024
Uber and Lyft Agree to a $32.50 Minimum Wage for Massachusetts Drivers
Uber Technologies and Lyft have agreed with Massachusetts officials to impose a $32.50 hourly minimum pay requirement for drivers operating in the state. The state attorney general filed a lawsuit claiming that Uber and Lyft wrongfully classified drivers as independent contractors instead of employees deserving of greater pay. This settlement is the result of that lawsuit. According to the deal, Uber will contribute $148 m... Continue Reading