Frontier Communications Stock Jumps 38% After Report of Possible Verizon Deal
The Wall Street Journal reported that Frontier Communications was in talks about a possible sale to Verizon, sending shares of the fiber network company flying.
Why Astera Labs Stock Jumped Today
Astera Labs stock rallied today, and Morgan Stanley's analysts think it could climb much higher.
Why Logitech Stock Slipped by Almost 3% Today
Some investors were surely hoping for a more generous shareholder payout.
Want $1,000 in Dividend Income? Here's How Much You Have to Invest in Nike Stock.
Nike's decent yield won't mean much if the stock continues to lose value.
Kamala Harris Is Not Directly Accepting Crypto Donations, a PAC Is, Coinbase Says
A spokesperson for Coinbase said the Future Forward PAC, which is dedicated to supporting Kamala Harris, is accepting crypto donations, rather than her campaign directly.
Kamala Harris Is Not Directly Accepting Crypto Donations, a PAC Is, Coinbase Says
A spokesperson for Coinbase said the Future Forward PAC, which is dedicated to supporting Kamala Harris, is accepting crypto donations, rather than her campaign directly.
Robinhood in $3.9 million settlement with California over crypto withdrawals
(Reuters) -A cryptocurrency platform run by Robinhood Markets will pay $3.9 million to settle claims it failed to let customers withdraw cryptocurrency from their accounts from 2018 to 2022, California Attorney General Rob Bonta said on Wednesday. The civil settlement with Robinhood Crypto is the first public action by Bonta's office against a cryptocurrency company. Bonta said Robinhood violated California law by failing to deliver cryptocurrencies that its customers had bought, leaving customers unable to withdraw their assets and forcing them to sell the assets to exit the platform.
Morning Bid: Jittery markets now 50-50 on 50 bps cut from Fed
Figures on Wednesday showed that U.S. job openings slumped to a 3-1/2-year low in July, the latest sign that the labor market is losing steam, and another signal for investors to sell stocks, buy bonds, and position for deeper rate cuts. U.S. rates futures are now roughly putting a 50-50 probability on the Fed delivering a 50 basis point rate cut later this month and are pricing in 225 bps of easing by the end of next year. That's a level of policy easing historically consistent with recession.
Treasuries Soar as Jobs Fuel Bets on Jumbo Fed Cut: Markets Wrap
(Bloomberg) -- Treasury yields tumbled as data showing a slowdown in the US labor market boosted Wall Street’s bets on Federal Reserve rate cuts. Stocks fell as Nvidia Corp. extended its two-day selloff to 11%.Most Read from BloombergHow Air Conditioning Took Over the American OfficeHong Kong’s Arts Hub Turns to Selling Land to Stay AfloatThe Outsized Cost of Expanding US RoadsJust a few days ahead of the payrolls report, a reading on job openings known as JOLTS trailed estimates and hit the low