Author: News Room

Dominion Voting Systems can’t bring up the January 6 insurrection during its upcoming defamation trial against Fox News, a Delaware judge ruled Tuesday, who also revealed at a hearing that he has been receiving death threats. The voting technology company sued Fox News over the right-wing network’s promotions of false claims that Dominion voting machines rigged the 2020 election. But almost all of the allegedly defamatory statements mentioned in Dominion’s lawsuit occurred before the January 6, 2021, storming of the US Capitol. Delaware Superior Court Judge Eric Davis said at a hearing Tuesday that invoking January 6 would be too…

Here are the most important news items that investors need to start their trading day:1. UptickStock futures were up slightly in premarket trading Tuesday after notching modest moves during Monday’s regular session trading. The Dow Jones Industrial Average and the S&P 500 both inched higher on Monday, gaining 0.3% and 0.1%, respectively, while tech-heavy Nasdaq Composite slipped 0.03%. Investors await more inflation data and the first bank earnings reports of the season, due later this week. JPMorgan Chase, Wells Fargo and Citigroup will all report their results on Friday. Follow live market updates.2. Credit concernsAdd diminishing access to credit to the growing list of concerns that Americans have for the…

Walmart has announced Tuesday that it is closing four of its Chicago stores because they are part of a group of locations that “lose tens of millions of dollars a year.”  The retail giant says the Chatham Supercenter, the Walmart Health center, and the Walmart Academy at 8431 S. Stewart Ave., the Kenwood Neighborhood Market at 4720 S. Cottage Grove Ave., the Lakeview Neighborhood Market at 2844 N. Broadway St. and the Little Village Neighborhood Market at 2551 W. Cermak Road will shutter this upcoming Sunday. “The simplest explanation is that collectively our Chicago stores have not been profitable since we…

Arriving at a conference, I went to hang my coat on the rack and noticed one that was almost identical to mine. I hung my coat as far away from that one as possible. A couple of hours later while heading to a session, I noticed a woman wearing my coat. She was furiously checking the pockets and saying to her companion, “My keys aren’t here.” I walked up to her and politely said, “Your keys aren’t in the pocket because that’s my coat.” It fit her but didn’t meet her needs. Many people don’t want to deal with Medicare.…

Topline Weight Watchers parent WW International’s share price rallied 64% on Tuesday after acquiring a company largely dedicated to helping patients get weight-loss drugs like Ozempic, as one analyst predicted WW International’s $100 million acquisition deal will help reawaken the struggling diet-focused company. Key Facts WW International closed on its purchase of the weight loss telehealth provider Sequence Monday after markets closed, after previously announcing it entered an agreement last month. The acquisition spurred Goldman Sachs analyst Jason English to upgrade WW International from a hold to a buy, upping his price target for the stock more than 200% from…

The problem for many investors is that they are constantly bombarded with scary headlines that can lead to a detrimental decision to exit a long-term-oriented investment plan. As Lao Tzu states, “If you do not change direction, you may end up where you are heading,” but the sensationalistic 24/7 media world in which we reside today doesn’t make it easy to stay the course through thick and thin. However, no matter how disconcerting events may seem, history shows that the key to success in stocks is not to get scared out of them! Alas, fear sells much better than greed…

By Howard Schneider WASHINGTON (Reuters) – Interest rates eventually should fall back to levels seen before the outbreak of COVID-19, with advanced economies again within sight of the “zero lower bound” and developing countries seeing rates in steady decline, the International Monetary Fund said in a new analysis of whether the “natural” rate of interest was changed by the pandemic. Though rates are high now as major central banks battle inflation, “when inflation is brought back under control, advanced economies’ central banks are likely to ease monetary policy and bring real interest rates back toward pre-pandemic levels,” IMF analysts said…

By Barani Krishnan Investing.com — After treading water or sliding for four straight sessions, oil rallied on Tuesday for the first time since traders got excited over talk of new OPEC+ production cuts, with crude prices gaining almost 2% ahead of the release of weekly U.S. inventory data. New York-traded  West Texas Intermediate, or , settled up $1.79, or 2.2%, at $81.53 per barrel.  WTI’s session high of $81.57, however, fell short of the  $81.81 peak achieved in the heat of the OPEC+ announcement on April 4 that it was taking off another 1.7 million barrels daily from global output…

© Reuters. FILE PHOTO: The logo for Goldman Sachs is seen on the trading floor at the New York Stock Exchange (NYSE) in New York City, New York, U.S., November 17, 2021. REUTERS/Andrew Kelly By Chris Prentice and Kanishka Singh NEW YORK/WASHINGTON (Reuters) -A Goldman Sachs & Co (NYSE:) unit has agreed to pay $15 million to settle U.S. Commodity Futures Trading Commission (CFTC) charges that it failed to make proper disclosures and communicate fairly to swap customers, the regulator saidon Monday. In 2015 and 2016, Goldman opportunistically sold clients on so-called “same-day” swaps at times that financially benefited the…

The Bank of England said Megan Greene will replace Silvana Tenreyro as an external member, for a three-year term starting in July. Greene is currently global chief economist at Kroll and according to the central bank “has a broad understanding of financial markets internationally and significant experience of advising leaders on the potential impacts of global macroeconomic developments.” Tenreyro, one of the most dovish monetary policy committee voters, has been on the central bank since July 2017. External members are allowed to serve two three-year terms. Read the full article here