37 F
New York City
Monday, February 24, 2020
The $65 billion Bernie Madoff scandal in 2008 was the largest private Ponzi scheme in history. Unfortunately, just as investor trust reached a new comfort level, Ponzi schemes are at their highest level in nearly a decade. In 2019, 60 Ponzi schemes were uncovered and alleged to...
Tesla stock surged this week and set a record on SoFi as the platform saw 20 times more trades than usual for Elon Musk’s brainchild. Investors flocked to the stock-trading and EFT investing platform and Tesla saw its biggest one-day gain over the past six years when...
As concerns mount about the coronavirus, a dozen or so biotech companies have ramped up their efforts to fight the disease. And, investors are taking note. Vir Biotechnology stock soared 111 percent over the past month. Novavax also surged 91 percent. Investors are betting that biotech will...
One word has been rattling many major U.S. companies this week - “coronavirus”. News of the outbreak spreading beyond China’s borders has many people concerned, including company heads who are concerned about how the epidemic will affect earnings.  According to CNBC, 27 various S&P...
Fidelity Investments announced this week in a press release that it has launched a partial stock and exchange-traded funds initiative. The move is one of the latest by financial institutions and brokerage firms to entice younger clients to their platform. Charles Schwab recently announced its own initiative...
JPMorgan Chase continually makes headlines in the news. But, the latest reason why shows that the investment bank might have something ingenious up its sleeve. The firm has hired an IBM researcher and inventor to head its new division focused on emerging technologies. Quantum computing will be...
European airliner manufacturer, Airbus, and Nasdaq are partnering to launch Skytra, a London-based platform, that will help airlines to manage their revenue risks and accurately forecast future ticket sales. The platform will allow airlines to trade futures and options contracts by leveraging proprietary indices.
Nearly 110 Million American consumers could see their FICO credit scores lowered through the new FICO 10 credit score model, which launched Jan. 23. Fair Isaac Corp., the company that issues the credit determination scores, said consumers who miss payments on their credit obligations are likely to...
Leaders from two of the most important stock exchanges say that demand for initial public offerings (IPOs) will be active in 2020. Adena Friedman, CEO and President of Nasdaq and Stacey Cunningham, President of the New York Stock Exchange, say they believe this year will be better...
JPMorgan Chase has announced that it’s creating a new division to promote private investments in emerging-market projects. The new arm of its business will be called the Development Finance Institution. The financial firm said it could loan at least $100 billion towards the projects...