Author: Chaz Cutler

Shares of English soccer club Manchester United Plc briefly rose as much as 17% in premarket trading on Wednesday, after Elon Musk jokingly tweeted “Also, I’m buying Manchester United, welcome.” Photo by Catherine Ivill/Getty Images Shares of English soccer club Manchester United briefly rose as much as 17% in premarket trading on Wednesday, after Tesla CEO Elon Musk jokingly tweeted that he would buy the club. “Also, I’m buying Manchester United, welcome,” said the billionaire he wrote on Twitter. Hours later, Musk responded to a Twitter user asking if he was serious about buying the club and clarified that it…

LIVE stock market updates : Indian equity benchmarks BSE Sensex and NSE Nifty50 are likely to open lower on Thursday, a day after Dalal Street scaled another four-month closing high amid weakness in global markets. Singapore Stock Exchange (SGX) Nifty futures, an early gauge of the Nifty index, fell as much as 53.5 points or 0.3 percent to 17,914.5 ahead of the opening bell at the india Minutes from the Fed’s latest policy review showing officials may be less aggressive than previously thought when raising interest rates in September supported global stocks. First published: August 18, 2022, 7:58 AM FRIEND…

Credit Suisse has upset dealmakers in Europe by offering lucrative new retention packages aimed at bankers in the US and Asia. The Swiss bank is launching a new round of bonuses for key staff to stave off a series of defections as it continues to review its strategy in the wake of a quarterly loss of $1.7 billion in the three months to the end of June. While Credit Suisse is preparing for a new round of cost-cutting, it is also offering bonuses to some traders and executives in its wealth management unit to keep key staff, according to Bloomberg….

Retailers are back in full force. Data compiled by Vanda Research shows that retail traders have bought an average of $1.36 billion a day in US stocks over the past week. The firm noted that much of that money went into exchange-traded funds, but noted that the WallStreetBets crowd has also “stepped up” its stake, as those Reddit users piled in outside of the money and cash purchase. of stocks of memes. Nowhere is this more evident than in the recent surge in meme stock Bed Bath & Beyond, which ended Tuesday up nearly 300% for the month. Other classic…

It’s been a good month for PayPal. The financial services firm reported stronger-than-expected second-quarter results and a big-name fund management firm disclosed a stake in the company. Leading tech investor Paul Meeks explains why he thinks the stock is a buying opportunity. “Unfortunately, PayPal suffers from what I call self-inflicted wounds. They’ve given guidance, quarter after quarter, for the past few years and miserably missed their own guidance. The company has a reputation for not being tightly managed,” Meeks, portfolio manager. at Independent Solutions Wealth Management, he told CNBC Pro Talks last week. But the company’s second-quarter earnings report was…

In new draft rules posted Monday on the website of the agency that oversees Florida’s pension fund, state investment managers can only weigh an investment’s risk or return when managing the state’s $200 billion in assets. The directive is DeSantis’ initial salvo against what he has called “ideological corporate power” and follows efforts by other state GOP leaders to target businesses that venture into the political arena. DeSantis has criticized financial institutions and business executives for considering factors such as systemic racism and economic inequality when making business decisions, a practice known as environmental, social and governance, or ESG, investing….