Tag: Factiva Filters

Dow clings to gain, but tech stocks slide while Beige Book shows only modest economic uptick

U.S. stock benchmarks mostly were lower Wednesday afternoon, as technology shares weighed down the S&P 500 and Nasdaq Composite, after bond yields spiked and weaker-than-expected...

Senior House Democrat says using filibuster to stop minimum-wage hike is akin to using it to block civil rights

The third-ranking House Democrat, Rep. Jim Clyburn, tore into Republicans for opposing a minimum-wage boost, saying their threatened used of the filibuster in the Senate...

Opinion: Raise the minimum wage to $12 an hour

Democrats want to raise the minimum wage to $15 an hour to address inequality, but that might not be the best way to fix that problem. Conservative—and...

As rising Treasury yields spook stock investors, March looms like a lion

After a frenetic February, investors are probably hoping that March holds true to its proverb: In like a lion out like a lamb. Indeed, February...

Opinion: These 2 pipeline stocks are undervalued and pay a fat dividend

Pipelines are undergoing a renaissance, but it’s not the one you think. The previous renaissance of shale oil and natural gas development was anything but...

‘Head-smacking craziness’ has reached new heights in today’s markets, says hedge-fund billionaire Paul Singer

“ ‘We believe that hindsight will show the champion of head-smacking craziness in the American stock market to be the period playing out right now.’...

U.S. government bonds just staged epic yield climbs.What’s next?

U.S. Treasury yields saw a steady rise in rates ignited into a surge on Thursday, putting government debt across the curve on track to mark...

Salesforce earnings live up to Benioff’s $20-billion goal, so now it’s on to the next one

Salesforce.com Inc. easily topped $20 billion in revenue for the first time in its recently completed fiscal year, so now it’s time for a new...

A new wave of fearless retail investors could be ready to pour $170 billion into stocks, says Deutsche Bank

Driving the stock market from pandemic lows, a new crop of younger, aggressive retail investors are poised to place more bets on equities, including any...

Need to report bitcoin trades on your taxes? Here are 5 things to know first

Treasury Department Secretary Janet Yellen is not big on bitcoin, a point she reiterated recently when she called the digital currency speculative and “inefficient.” That...

Bitcoin’s 2021 rally is minting thousands of crypto ‘diamond hands’ millionaires

The recent rise of bitcoin toward all-time highs is creating millionaires, on paper, at a fairly rapid clip, according to data from BitInfoCharts. At last...

Mining stocks have surged in a struggling U.K. market — and have 2 more tailwinds

It’s been a pretty impressive 12 months for the world’s leading miners. The FTSE 350 mining index 156995, -0.22% — which includes diversified mining giants Rio Tinto RIO,...

Here are 3 reasons why the stock market can survive rising bond yields in 2021

Rising Treasury yields have contributed to a selloff by the stock market’s pandemic high-fliers, but probably won’t be enough to spoil the appeal of stocks...

Opinion: 7 ways to cash in on the boom in videogames and esports

Like millions of other folks, I have maintained my sanity during the COVID-19 pandemic through videogames. To an older generation that may sound odd, but...

Stock market set for skid lower ahead of testimony by Fed’s Powell on economy

Stock-index futures were mostly lower Tuesday, with tech shares continuing to lead the way down, as investors monitored a sharp rise in bond yields and...

Philanthropy is a ‘PR scam,’ says CEO who raised his workers’ minimum pay to $70,000

He’s not buying what America’s billionaires are selling. The CEO known for increasing his employees’ base pay to $70,000 says wealthy people donating their money...

Worldwide chip shortage expected to last into next year, and that’s good news for semiconductor stocks

A global shortage of semiconductors has pushed chip stocks to record highs, and analysts expect that chips will continue to be in short supply at...

Some 730,000 Walmart employees won’t be getting $15 an hour pay — they’re hardly alone

Walmart WMT, +0.49% has joined a growing list of retailers boosting employees’ wages to $15 an hour, but unlike rivals such as Target TGT, -1.35%,...

Houston mayor says Texas should pay some consumers’ massive utility bills

Houston Mayor Sylvester Turner said Sunday that the state of Texas should pay the massive utility bills some Texas consumers are facing following last week’s...

Is bitcoin headed to $100,000 in 2021 or is its price ‘unsustainable’?

Bitcoin prices were carving out fresh records Wednesday but where the cryptocurrency heads from here is an open question. A single bitcoin BTCUSD, +2.31% hit...

State attorneys general call on Biden to cancel up to $50,000 in student debt to provide ‘immediate relief to millions’

A multistate coalition of Democratic attorneys general is calling on President Joe Biden to cancel up to $50,000 in student debt per borrower.  The letter...

Only 50 people are known to have contracted COVID-19 more than once — but new strains have medical experts on high alert

It’s very rare for someone to get infected with the coronavirus causing the disease COVID-19 a second time, but the few confirmed cases of reinfection...

The rational bubble is turning irrational — and the next few weeks are critical, strategist says

The action this week has been centered on the bond market, not the stock market, as Treasury yields have climbed in reaction to the progress...

Philadelphia relies on a commuter tax to balance its budget. What does that mean in a work-from-home world?

Jon Dumont has walked through Philadelphia’s Center City district to and from his office for years, passing familiar businesses and friendly faces. But the experience...

GameStop hearing challenges assumptions about rookie investors — ‘Retail investors making up this new surge are different’

YOLO? Maybe not quite so. During the GameStop trading frenzy, some observers worried many rookie retail investors banding together on sites like Reddit’s WallStreetBets would...