Wayne Duggan - Spark Newswire

1 minute read

Burlington Industries Declares Bankruptcy On This Day In Market History

Today, 8:42 AM

Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On Nov. 16, 2001, Burlington Industries filed for Chapter 11 bankruptcy protection. Where The Market Was: The Dow finished the day at 9,866.99. The S&P 500 traded at 1,138.65.

BURL

2 minute read

Disgraced FTX CEO Bankman-Fried Also Invested In Elon Musk’s SpaceX, The Boring Company

By Wayne Duggan

Today, 8:42 AM

FTX founder and CEO Sam Bankman-Fried could face criminal charges following the collapse of the popular cryptocurrency exchange last week.

NKLA

2 minute read

Why The US Dollar, A Safe Haven For Worried Investors, Rebounded On Monday

By Wayne Duggan

Today, 8:42 AM

The Invesco DB US Dollar Index Bullish Fund (NYSE: UUP) rebounded by 0.6% Monday morning after a difficult week last week.

BTC

2 minute read

If You Invested $1,000 In Verizon (VZ) Stock At Its COVID-19 Pandemic Low, Here’s How Much You’d Have Now

By Wayne Duggan

Today, 8:42 AM

Investors who bought stocks during the COVID-19 market crash in 2020 have generally experienced some big gains in the past two years. But there is no question some big-name stocks performed better than others since the pandemic bottom.

2 minute read

Did The Drop In CPI Inflation Impact The Outlook For Interest Rates?

By Wayne Duggan

Today, 8:42 AM

The U.S. Federal Reserve recently raised its target Fed funds rate by 0.75% for the fourth time in five months as it attempts to get inflation under control.

SPY

1 minute read

Joe Granville’s Infamous Bear Call Came On This Day In Market History

By Wayne Duggan

Today, 8:42 AM

Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On Nov. 11, 1993, market forecaster Joe Granville predicted a 20% drop in the Dow Jones Industrial Average.

DJIA

1 minute read

US Consumer Sentiment Slips 8.7% In November: What It Means For The Markets

By Wayne Duggan

Today, 8:42 AM

The SPDR S&P 500 ETF Trust (NYSE: SPY) traded higher Friday after the latest reading of consumer confidence suggests rising prices and economic uncertainty are negatively impacting U.S. consumers.

SPY

1 minute read

This Day In Market History: Dow Hits ‘Rich Man Panic’ Low Of 1903

By Wayne Duggan

Today, 8:42 AM

Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On this day in 1903, The Dow Jones Industrial Average hit its low point for the bear market known as the “Rich Man’s Panic.”

DJIA

2 minute read

Is Zuckerberg’s Obsession With The Metaverse Becoming A Problem For Investors?

By Wayne Duggan

Today, 8:42 AM

Meta Platforms Inc (NASDAQ: META) shares jumped Wednesday after the company announced it is laying off more than 11,000 employees in an effort to c

Thursday’s CPI Inflation Reading Is Critical: Here’s What Investors Need To Know

By Wayne Duggan

Today, 8:42 AM

The SPDR S&P 500 ETF Trust (NYSE: SPY) traded lower by 0.7% on Wednesday morning ahead of a critical consumer price index (CPI) inflation reading on Thursday morning.

SPY