[ad_1] The U.S. Department of Labor inspector general said this week that around $ 100 million in fraudulent unemployment insurance claims had been paid in 2020 to felons already in jail. That’s a tiny fraction of the estimated tens of billions of dollars in unemployment benefits that states have provided to identity thieves over the … Read more
[ad_1] In a letter to investors, Airbnb said it was “bracing for a rebound in travel” in 2021 after seeing bookings through its platform drop 41% in 2020, with people largely staying at home due to of the pandemic. “As the vaccine is rolled out and restrictions lifted, we expect there will be a significant … Read more
[ad_1] Text size Justin Sullivan / Getty Images By most measures, Nvidia showed he had a good year by releasing his results on Wednesday night. But with semiconductor companies enjoying strong demand for too few chips, investors are demanding flawless excellence. Sure enough, shares of Nvidia (ticker: NVDA) were down 8% on Thursday, as Wall … Read more
[ad_1] What happened Actions of You’re here (NASDAQ: TSLA) were crushed Thursday. The stock fell more than 8% as the market closed. Growth stock was likely down both due to a sell-off in the market as a whole and news that the automaker’s Model 3 production line in Fremont, Calif., Could have been temporarily interrupted. … Read more
[ad_1] Mortgage rates WISH they were still at 2.97% – the number conveyed today by Freddie Mac’s weekly survey. Freddie’s data is accurate when it comes to capturing major trends over time, but can really fall short when the bond market is experiencing high volatility. To say bond market volatility has been high recently is … Read more
[ad_1] Volatility has hit GameStop stocks again. The stock closed around 18.5% higher on Thursday after a loud session in which trading was repeatedly halted due to the sharp moves. GameStop jumped more than 100% on Wednesday after the company announced the resignation of its chief financial officer. Jim Cramer, host of CNBC’s “Mad Money,” … Read more
[ad_1] Getty Images GameStop Stock saw highs and lows on Thursday before closing at $ 108.73 per share, an 18% gain for the day. It came after stocks jumped more than 100% on Wednesday. It is still unclear why the jump was made, but this latest GameStop share price volatility comes after the news on … Read more
[ad_1] Most investors expected yields to rise throughout this year, but few were ready for the speed of the recent surge that saw benchmark 10-year T-bills rise above. 1.5%, against 1.34% last Friday. Even some bond market veterans have been left looking for historical comparisons given the surge. The 10-year Treasury bill on Thursday yields … Read more
[ad_1] AT&T today announced its intention to transform its various video businesses – DirecTV, AT&T TV and U-Verse – into a new company that it will jointly control with TPG Capital. The deal sees AT&T retain a 70% stake in the company, with TPG getting the other 30. “The transaction to separate AT & T’s … Read more
[ad_1] Dow Jones futures fell slightly Thursday night, as did S&P 500 and Nasdaq futures. The stock rally suffered heavy losses on Thursday as 10-year Treasury yields continued to soar. This time, the Nasdaq failed to rebound, closing below key support. X Nvidia (NVDA) and Teladoc Health (TDOC) joined the equities making massive gains, while … Read more