Mortgage rates rose moderately today as weekend news headlines suggested some measure of de-escalation of nuclear tensions between the US and North Korea.
In the afternoon, comments from NY Fed President Dudley (one of the 3 most important voices at the Fed) kept pressure on rates, which seemed willing to recover in the late morning hours.August consensus Dudley Fed investors July news pressure rates sales
Most of the big hedge funds that bought Snap shares in the first quarter sold them just one quarter later, leaving billionaire George Soros as the only major investor still owning shares in the social media company.
David Tepper's Appaloosa Management dissolved its 100,000-share stake in Snap in the second quarter, according to a regulatory filing Monday with the U.S. Securities and Exchange Commission.big bought filing funds hedge leaving quarter share SNAP sold
As cruise stocks continue to roar higher this year, Jim Cramer noted that this group seemed to defy the odds of a skeptical analyst community.
In particular, Royal Caribbean, Carnival and Norwegian Cruise Line have been strong performers.analyst Carnival Cramer cruise Goldman higher Norwegian Royal Caribbean stock strong
Everyone who follows the tech space knows that artificial intelligence ("AI") is one of the hottest area of investment. If I am correct, this also means bad news for Amazon competitors - this is particularly true in the retail space where competitive have invested little in AI technology by comparison.AI Amazon capabilities Google investment investors market Microsoft Q2 stock
The months of August and September are notorious for dramatic declines in the stock market, and Jim Cramer warned investors to be mentally and financially ready when it happens. Thus, the market could move higher while Congress is not in session, and then be impacted negatively when it reconvenes in September.Cramer earnings inflation interest rates investors market September spooked stock weak
The billionaire Beny Steinmetz was detained by the Israeli police on Monday morning for questioning in connection with an investigation into money laundering, obstruction of justice and bribery, officials said. Steinmetz, an Israeli diamonds, mining and real estate magnate, is already under scrutiny by law enforcement authorities in four other countries, including the United States.detained investigation Israeli laundering mining money Mr states Steinmetz United
Here’s one that came my way earlier today although the report was from January: New York Fed Chief Dudley has an Idea — Homeowners Should Tap Into Equity.
New York Fed President William Dudley on Tuesday encouraged homeowners to find “prudent” ways to tap into the equity that has built up in the homes, saying the boost in consumption would be a welcome shot-in-the-arm to the economy.Dudley economy equity Fed home homeowners housing President tap York
David Tepper's Appaloosa Management and three other hedge funds took new stakes in Chinese e-commerce giant Alibaba in the second quarter, according to the latest quarterly filings.
Appaloosa disclosed a 3.7 million stake in shares of Alibaba, according to a Monday filing with the U.S. Securities and Exchange Commission.Alibaba Appaloosa David filing funds hedge management shares stake Tepper