Alex Murdaugh faces more allegations of financial crimes
COLUMBIA, SC (AP) – A disbarred South Carolina attorney accused of killing his wife and son has been charged with another round of financial crimes. This time, prosecutors said Alex Murdaugh stole nearly $420,000 from the law firm founded by his prominent legal family a century ago. Murdaugh, 54, faces nine additional charges — four counts of obtaining property under false pretenses, three counts of money laundering and two counts of computer crimes — in indictments handed up by a state grand jury Tuesday and released Friday. Murdaugh is in jail likely to be tried in January on murder charges…
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Today’s Stock Market News: Dow and S&P 500 Updates
A “for sale” sign is displayed outside a home in Washington, DC, in March. (Stefani Reynolds/AFP/Getty Images) Borrowing costs are rising Every time the Fed raises rates, it becomes more expensive to borrow. That means higher interest costs on mortgages, home equity lines of credit, credit cards, student debt and car loans. Business loans will also be more expensive, for businesses large and small. Good news for savers Low rates have penalized savers. Money stashed away in savings, certificates of deposit (CDs) and money market accounts earned next to nothing during Covid (and for much of the last 14 years,…
Read More »Sensex falls 652 points, Nifty settles below 17,800, weighted by RIL, financial stocks
Share market news: The benchmark indices of the BSE and the National Stock Exchange (NSE) closed over 1% lower on Friday, weighed down by a fall in market heavyweight Reliance Industries (RIL) and financial stocks. The S&P BSE Sensex fell 651.85 points (1.08%) to end at 59,646.15, while the Nifty 50 fell 198.05 points (1.10%) to settle at 17,758.45. Both indices had opened on a flat note with a positive bias earlier in the day, but soon declined during late morning deals and remained in the red throughout the session. During intraday trade, the Sensex touched a low of 59,474.57…
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Stock Market Updates – Stabroek News
EXPENSE (www.gasci.com/female phone 223-6175/6) reports that the trading results of the 980 session showed a consideration of $21,463,200 from 53,996 shares traded in 27 transactions compared to the trading results of the 979 session which showed a consideration of $1,691,928 from 3,640 shares traded in 7 transactions. Active stocks this week were DIH, DBL, DDL, DTC, BTI and RBL. The ten trades of Banks DIH Limited (DIH) totaling 21,420 shares represented 39.67% of the total traded shares. Shares of DIH traded at an average weighted average price (MWAP) of $241.0, which showed a decrease of $9.0 from its previous close…
Read More »5 things you need to know before the stock market opens on Friday, August 19
Traders work at the New York Stock Exchange (NYSE), August 17, 2022. Brendan McDermid | Reuters Here are the most important news investors need to start their trading day: 1. Rough morning for stocks The three main US indices were set to open in negative territory on Friday morning, dimming hopes of a fifth straight week of wins for the S&P 500. Stocks have done quite well since the brutal first half concluded, but investors are still looking for certainty despite a recent cooling in price increases. The Fed sounds brazen about raising rates to boost inflation now, or at…
Read More »STOCK NEWS: GM dividend update, Bed Bath & Beyond craters, futures slide
US equity futures clawed back gains from the previous session as investors analyzed conflicting economic signals ahead of a Federal Reserve conference next week. Major index futures suggest a 0.5% decline at the opening bell. Oil prices fell slightly on Friday, slowing a rally in recent days. US West Texas Intermediate crude was around $89.00 a barrel, after rising 2.7% in the previous session. Brent crude futures were trading around $95.00 a barrel. after settling 3.1% more on Thursday. Still, benchmark contracts headed for weekly losses of around 1.5%. Shares of Bed, Bath & Beyond are falling another 39% in…
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The revolutionary speed of Crispr gene editing from the laboratory to the treatment room
Just a decade after Crispr was invented, the first drug to make use of the revolutionary gene-editing technology will be with regulators later this year, promising to transform the treatment of genetic diseases. In 2012, Nobel Prize winners Jennifer Doudna and Emmanuelle Charpentier published a scientific paper showing that a key part of the bacterial immune system could be used to cut DNA: to alter, remove or correct genetic errors. Their discovery started a race for new companies to create transformative, and possibly curative, treatments that have developed far more quickly than previous advances in biology. Nobel Prize winner Jennifer…
Read More »Goldman Sachs trader’s run of $100 million days hits 12-year high
Goldman Sachs traders racked up more than $100 million in more days in the first half of 2022 than in any 12-month period since 2010, as volatile markets offer a bonanza for investment banks even when deal-making slows down. Traders at the US bank made more than $100 million in revenue on 63 separate days in the first six months of this year, regulatory filings show. The streak already exceeds any full year since 2010, when traders made more than $100 million in 68 days. Banks’ trading desks have enjoyed a three-year run of success, after a prolonged period during…
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