Author: News Room
The Federal Reserve soon plans to roll out its FedNow offering, a real-time payments service that will provide another option for instant payments in the U.S. The service, which is scheduled to launch in July, will let money “be transferred from the account of a sender to the account of a receiver in near real-time and at any time, any day of the year,” the Fed says on its website. See more: Fed says its instant-payments service FedNow will launch in July While the U.S. already has a real-time payment option that’s run by the Clearing House, a bank-owned association,…
Introduction As the title of this article suggests, I’m lowering my buy price for USB stock. In order to add some context to my reasoning, I am going to start this article by briefly reviewing my history with U.S. Bancorp (NYSE:USB) stock, and then I’ll explain the thinking behind my lowered buy price. I first bought USB stock a little after the March 2020 crash on 5/13/20, and I wrote about that purchase a couple of months later in my article “Stocks I Bought On The Dip: U.S. Bancorp”. I held that USB position until 12/20/21 at which point I…
A shooting in the occupied West Bank and a car-ramming in Tel Aviv killed two Israelis and a tourist on Friday, amid soaring Israeli-Palestinian tensions touched off by a raid on Jerusalem’s al-Aqsa mosque.The three deaths capped a day of violence during which Israeli jets struck sites linked to the Palestinian group Hamas in the Gaza Strip and southern Lebanon, after militants in the two territories fired salvos of rockets at Israel on Thursday.Although the exchange of fire between Israel and militants in Lebanon and Gaza ended without fatalities or escalating into a broader conflict, the later killings on Friday…
Sweetgreen said Thursday it has renamed its newest menu item as part of a tentative agreement with Chipotle Mexican Grill to resolve a lawsuit brought by the burrito chain.Chipotle filed the lawsuit, which claims that the salad chain’s “Chipotle Chicken Burrito Bowl” infringed on its trademark, in California federal court Tuesday, just days after the salad chain introduced the item.A Sweetgreen representative said in a statement to CNBC on Thursday that the company decided to rename the bowl as the “Chicken + Chipotle Pepper Bowl” to focus on its business and serve customers without distraction.”We are looking forward to putting…
Check out the companies making headlines in midday trading.Costco — The wholesale retailer’s shares dropped 2.2% after the company announced sales dipped 1.1% year over year in March. Meanwhile, comparable sales growth was positive when excluding changes in gasoline prices and foreign exchange rates, with the fastest growth coming from overseas markets.Bed Bath & Beyond — The stock tumbled 8.2% after the retailer proposed a stock split as it attempts to avoid bankruptcy.FedEx — Shares of the parcel delivery company were up 0.9% a day after the company announced its DRIVE program, a comprehensive $4 billion cost-cutting restructuring plan. Analysts covering the…
The Pentagon is investigating what appear to be screenshots of classified US and NATO military information about Ukraine circulating on social media, a Pentagon official told CNN. CNN has reviewed some of the images circulating on Twitter and Telegram but is unable to verify if they are authentic or have been doctored. US officials say the documents are real slides, part of a larger daily intelligence deck produced by the Pentagon about the war, but it appears the documents have been edited in some places. Pentagon deputy press secretary Sabrina Singh would not weigh in on the documents’ legitimacy but…
Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.Seoul, Korea, April 7th, 2023, ChainwireOne of the top NFT-backed lending liquidity protocols, BendDAO, has celebrated its one-year anniversary by publishing a detailed financial statement. It parallels the level of those found in traditional finance. Produced by Unboxing Lab, it reveals the progress BendDAO has made over the past 12 months.EDGAR-style reports bring an unprecedented level of transparency to web3 projects, giving community members an insight into the financial health of protocols they routinely use. The report details BendDAOs…
Without a doubt, one of the biggest problems facing most Americans today is the rising cost of living. For the past eighteen months or so, inflation has been at the highest levels that we have seen in roughly forty years. In fact, there has not been a single month over the past year in which the consumer price index increased by less than 6% year-over-year: Trading Economics This has caused many people to be forced to enter the gig economy or take on second jobs just to get the extra money that they need to maintain their lifestyles. I discussed…
Written by Nick Ackerman, co-produced by Stanford Chemist. This article was originally published to members of the CEF/ETF Income Laboratory on March 24th, 2023. The Gabelli Dividend & Income Trust (NYSE:GDV) isn’t one of the more exciting closed-end funds with a highly complex strategy that they implement. For the most part, it’s a fairly straightforward equity fund that utilizes a mild amount of leverage. The fund continues to trade at a large discount. While I don’t suspect that to end anytime soon, we are near the lowest levels this fund has shown historically. The portfolio is tilted towards value-oriented sectors.…
grandriver A Quick Take On Calfrac Well Services Ltd. Calfrac Well Services Ltd. (TSX:CFW:CA) provides fracturing, coiled tubing and cementing services and products to oil & gas exploration firms in regions of North America and Argentina. The company has produced positive revenue and earnings results in recent quarters and expects reasonably strong utilization demand for its fleets in Canada and the U.S. However, the company expects further supply chain tightness in 2023, which may serve to elevate costs even as demand remains firm. While I’m cautiously optimistic for Calfrac, potential risks also include a drop in macroeconomic activity, so I’m…
