BoA Report Says Investors Don’t Think Recession Imminent
Bank of America recently produced a note examining their client behavior for indications of investor sentient, and it found investors did not behave as if they thought a recession was…
Geico Ordered To Pay $5.2M To Woman Who Got HPV In A Car.
Recently a court ruled that a person’s liability extends into what happens inside their car. The Missouri Court of Appeals ruled that insurance giant Geico had to pay $5.2 million…
$6.3 Billion Crown Resorts Buyout Wins Key Approvals
Blackstone Inc’s $6.3 billion takeover of Crown Resorts Ltd was approved by gambling regulators in the Australian states of Victoria and New South Wales. Regulators in Western Australia, where Crown…
A Strategist Says Gas Prices Causing Demand Destruction
High gas prices may be beginning to erode into demand at the pump. Several strategists recently weighed in on what will happen as consumers dial back demand in the face…
OECD Downgrades Global Growth Predictions
The Organization for Economic Cooperation and Development has joined the growing chorus predicting an economic downturn approaching, although it is downplaying the possibility of a longer period of stagflation. In…
Natural Gas Futures Hit 13 Year High
News of higher temperatures to come in the next week, combine with lower production levels caused natural gas prices to spike up to a 13 year high Monday. At 5:00PM…
Buzzfeed Stock Drops 41% on Monday.
On Monday, Buzzfeed’s stock dropped 41% after initial investors were allowed to sell their shares freely due to their lockup period having expired. That places its current valuation at about…
mRNA Vaccine Creators Are Building More mRNA Infrastructure
Dr. Katalin Karikó and Dr. Drew Weissman, co-creators of the mRNA vaccine technology used in two of the most widely used COVID vaccines, Moderna and Pfizer, are studying the possible…
Crypto To Be Treated As Commodities In New Bipartisan Overhaul
Sens. Kirsten Gillibrand and Cynthia Lummis announced Tuesday that they are ready to unveil a new regulatory mechanism for reigning in the wild west that is cryptocurrency. The bill they…
A Little Known Part Of The Financial Market Sees Inflation Continuing To Rise
A virtually unknown part of the financial market which has proven uncannily accurate reading inflation is predicting an annual headline rate on the CPI of 8.5% or higher for the…
