In the latest trading session, Consolidated Edison (ED) closed at $93.40, marking a +0.6% move from the previous day. The stock lagged the S&P 500's daily gain of 1.92%. Meanwhile, the Dow gained 2.15%, and the Nasdaq, a tech-heavy index, added 0.12%.
What happened
A bad year for investors in Innovative Industrial Properties (NYSE: IIPR) took a turn for the worse on Friday after the marijuana real estate investment trust (REIT) disclosed the default of a major tenant. Shares of Innovative Industrial fell 13.9% in Friday tradin
(RTTNews) - Biotechnology company Tiziana Life Sciences Ltd. (TLSA), Friday announced that the Board of Directors has accepted the voluntary resignation of Dr. Kunwar Shailubhai as Chief Executive Officer, Chief Scientific Officer and Board director, effective as of August 1, 202
As inflation drives prices of everyday goods painfully higher, what can you do to defend your money? One lesser-known type of investment might help safeguard your cash – but before you buy in, make sure you understand its strengths and weaknesses.
Nubank's Brazilian unit Nu Financeira no longer needs to comply with a requirement that it maintain a higher capital adequacy ratio of 14%, the country's central bank said on Friday.
Fears of a potential economic slowdown are clouding the outlook for value stocks, which have outperformed broader indexes this year in the face of surging inflation and rising interest rates.
Wildfire crews on Friday battled an out-of-control blaze near the village of Lytton, British Columbia, which last year burned to the ground during a record-breaking heat wave, as western Canada's wildfire season starts to gather pace.
Mexican authorities captured Rafael Caro Quintero, one of the country's most wanted drug lords accused of orchestrating the 1985 murder of a U.S. Drug Enforcement Administration (DEA) agent, two sources told Reuters on Friday.
Markets remain tremulous, driven incessantly this year by each new economic report. The latest is the release of June’s retail sales, up 1% as consumers continued spending during historic inflationary times. Markets had previously fallen on the release of the 9.1% CPI reading for June, released Wednesday, but now have rallied to end the week [...] Read more at ETFtrends.com.
Investors were quick to begin selling shares in the homebuilding segment once interest rates began rising. Despite these companies' record profits, and strong demand for homes nationwide, investors have sent homebuilders as a group -- as measured by the S&P Homebuilders Selec
Mexico's state oil company Petroleos Mexicanos (Pemex) disclosed the names of two former managers that allegedly received bribes from the world's largest independent commodity trader, Vitol, newspaper Reforma reported on Friday.
The first half of 2022 will go down as one of the more challenging market environments many investors have ever experienced. The S&P 500 fell 20%, its worst performance at the midway point of a year since 1970, 52 years ago. Broad U.S. bonds delivered their worst start to a year in history, down 11%. Investors would be [...] Read more at ETFtrends.com.
The June jobs report made headlines with an additional 372,000 jobs created during the month, which equates to more than 2.7 million new jobs added to payrolls in only the first half of this year. But did you know that payrolls are growing so fast that workers are beating the high rate of inflation overall? [...] Read more at ETFtrends.com.
What happened
UnitedHealth Group (NYSE: UNH) beat analyst expectations for second-quarter results and raised its outlook for the full year. The healthcare and insurance company's stock got a healthy boost as a result, climbing more than 5% in Friday trading.
HSBC Holdings Plc is set to speed up its exit from non-core markets and deploy additional capital in Asia, in a bid to push back against a breakup proposal put forward by its biggest shareholder, two people with knowledge of the matter said.
What is the future of non-fungible tokens? Will they become more than digital art and collectibles? A couple of experts certainly think so. See Our List: 100 Most Influential Money Experts Small...
Wall Street bounced back with a broad rally on Friday, as investor confidence was boosted by upbeat earnings, heartening economic data and waning fears of a larger-than-expected interest rate hike by the Federal Reserve.