All posts in Stock Market Updates

SCOTTSDALE, Arizona–(BUSINESS THREAD)–Under the heading Financial Results for Six Months and Second Quarter Ended June 30, 2022, the fourth item should read: Compared to $550,064 for the second quarter ended June 30, 2021 (instead of $445,479 for the second quarter ended June 30, 2021) The updated version says: ZONED PROPERTIES REPORTS FINANCIAL RESULTS FOR THE SECOND QUARTER OF 2022 Revenue growth of 60% year-over-year for the six months ended June 30, 2022 New $4.5 million line of credit creates purchasing power for new property acquisitions and portfolio expansion Zoned Properties®, Inc. (“Zoned Properties” or the “Company”) (OTCQB: ZDPY), a leading…

More than a third of American adults are dipping into their savings accounts to help pay higher prices, new research shows. Faced with high inflation, 36 percent of people say they withdrew an average of $617 from their savings in the first six months of this year, according to the latest Wealth Watch survey from New York Life. In the same time period, the US personal savings rate fell to 5.1% in June from 8.7% in December 2021, according to the most recent measure of the Federal Reserve Bank of St. Louis. By age group, Gen Xers (people born between…

(Kitco News) – Despite a month-long rally for US stocks, a financial crisis worse than 2008 is looming, said Peter Schiff, chief market strategist at Euro Pacific Asset Management . Schiff spoke with Kitco News anchor and producer David Lin. Over the past month, the S&P 500 is up 9 percent and the NASDAQ is up 13 percent. Schiff warned that if the Federal Reserve continues to raise interest rates, there will be a financial crisis worse than the one in 2008. “2008 was about bad debts,” he explained. “It was about people borrowing money and not being able to…

On the campaign trail, Democrats are likely to tout a new policy aimed at lowering the cost of prescription drugs. Of all the elements of the bill, Rep. Andy Kim (DN.J.) plans to highlight the $2,000 cap on out-of-pocket costs for prescription drugs for seniors, which he helped write. “I heard horror stories from constituents who told me they were paying more than $500 a month for medicine. With this provision, no senior in America will have to pay more than $166 a month,” Kim told The Early . “This is a real help.” Lowering prescription drug costs has been…

The U.S. Securities and Exchange Commission is investigating Melvin Capital Management’s risk controls and investor disclosure after the hedge fund was crippled by last year’s meme backlash, people familiar with the matter said. the matter The regulator has been reaching out to the hedge fund’s investors in recent months as part of an investigation into what Melvin founder Gabriel Plotkin and other senior executives told them after the rally meme-stock in January 2021, and whether it misled investors when it raised money last year. The SEC obtained from Melvin, who has largely returned his clients’ money, his general communications with…

Check out the companies making headlines before the bell: Six Flags ( SIX ) — Shares of the theme park operator fell 12.8% in premarket trading after its quarterly profit and revenue fell well short of Wall Street forecasts. Six Flags saw its bottom line hurt by a 22% drop in attendance, among other factors. Canada Goose ( GOOS ) — The outdoor apparel maker reported a smaller-than-expected quarterly loss on revenue that beat analysts’ forecasts. Canada Goose is the latest luxury retailer to see its high-end consumers maintain their spending levels. Shares rose 2.4% in premarket trading. Warby Parker…