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US stocks in danger of hitting seven-day losing streak
... was a 3% fall in Apple 's shares of the AAPL, due to reports that the tech giant was halting its plans to increase production of its new iPhones . Jim Cramer dismissed the significance of the news. The S&P 500 fell for its sixth session in a row, shedding 6.5% over the period, and recording its longest losing streak since the beginning of the COVID-19 pandemic in February 2020. The benchmark stock index has lost ground in eight of the last nine sessions, leaving its 14 day relative strength index ...
Updated: 09/28/2022
World heading towards recession, says WTO chief
... down 1 per cent. This is the seventh session in which the S&P 500 has logged losses. Asian markets suffered a huge drop as MSCI's broadest index of Asia-Pacific shares outside Japan dropped to its lowest since April 2020 at 2 per cent, while Nikkei shed 2.2 per cent and South Korean stocks fell 3 per cent to a two-year low.
Updated: 09/28/2022
Citigroup to keep its business in Russia
... to the franchise because of the strategic importance and extensive oversight needed. Carson will continue his current role. The memo said that Maria Ivanova , the Russia Chief Executive Officer, will report to him. The bank said last year it would shed its consumer business in Russia as part of Chief Executive Officer Jane Fraser 's plan to streamline operations. In March this year, Citigroup expanded the scope of the proposed exit to include the commercial banking business. The bank is going ...
Updated: 09/27/2022
Cathie Wood's ARK Invest partners with Titan for private funds
... investment strategy that focuses on illiquid securities and limits investor exits in times of volatility. The effort comes during a downturn in Wood's eight exchange-traded funds, particularly in the flagship ARK Innovation ARKK strategy, which has shed 60% year-to-date. ARK recently shut down one of its ETFs and stepped down as portfolio manager for the firm's two index funds. Despite its free fall from the Pandemic highs, ARK has been able to keep investors on board and draw new inflows. In August,...
Updated: 09/27/2022
Japan honors ex-pm Shinzo Abe with flowers, prayers
... visiting disaster areas. A moment of silence was followed by a retrospective of Mr Abe 's political life and speeches by leading ruling party figures, including Mr Kishida and Yoshihide Suga , Mr Kishida 's predecessor as prime minister. Ms Abe shed a tear before farewelling her late husband for the last time and leaving the hall. Some 20,000 police were deployed, nearby roads were closed and even some schools shut down as Japan tried to escape the security blunders that led to Mr Abe 's shooting ...
Updated: 09/27/2022
African American Veterans Monument unveiled in Buffalo, New York
... Madeline Scott, who serves on the AAVNM committee, said it is rare that successful military efforts from Black military units, like the Buffalo Soldiers and the Harlem Hellfighters, are recognized and taught in schools. She hopes that the monument will shed light on their service and contributions. She said that the monument serves as a source of pride for generations of African Americans who served the country with honor, but often returned to civil life without the support given to other veterans ...
Updated: 09/26/2022
Dow Jones sheds 500 points on insider trades
The Dow Jones dropped by around 500 points on Friday. The Dow Jones dropped by around 500 points on Friday. The investors focused their attention on some notable insider trades. When insiders sell shares, it indicates their concern in the company's prospects or that they view the stock as overpriced. This signals an opportunity to go short on the stock. Insider sales should not be taken as the only indicator for making an investment or trading decision. It can lend conviction to a selling decision...
Updated: 09/26/2022
O Omni Bridgeway’s Managing Director Tom Glasgow speaks at LegalPay Summit
... venture funds, family offices, banks, non-banking financial companies NBFCs fintech players, asset reconstruction companies ARCs and wealth management companies. Ashwini Kakkar , a former chairman of Via.com , highlighted the impact of legal financing, shedding light on the impact it creates for the claimants who do not have access to the right set of legal professionals and finances to pursue meritorious disputes against larger players. In a similar context, Hiroo Advani , founder of Advani Law ,...
Updated: 09/26/2022
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