Topics - Spark Newswire

1 minute read

FTX’s New CEO Aims To Revive Defunct Cryptocurrency Exchange: What You Need To Know

Today, 10:42 PM

The defunct cryptocurrency exchange FTX, which froze millions of users from accessing their accounts, could make a comeback under the leadership of its new CEO John Ray III.

$FTT

2 minute read

Flo Rida Wins $82 Million In Lawsuit Against Celsius, Here’s How He Celebrated

By AJ Fabino

Today, 10:42 PM

Jurors in a Broward County, Florida Circuit Court returned a favorable verdict for Tramar “Flo Rida” Dillard on Wednesday, netting the Florida rapper and two other defendants more than $82 million in a case against Celsius Holdings, Inc. (NASDAQ: CELH).

CELH

2 minute read

Rents Fall As Rapidly As They Rose In Pandemic Hot Spots: Will This Continue In 2023?

By AJ Fabino

Today, 10:42 PM

Median rent costs in the U.S. are beginning to moderate as high inflation, high interest rates, and low consumer confidence cools demand.

RDFN

2 minute read

Rising Interest Rates Lead To Big Bank Profit Gains: Are There Hints Of Inbound Recession?

By AJ Fabino

Today, 10:42 PM

Investors waiting for another round of earnings were greeted by Friday’s reports from the nation’s biggest banks showing that profits rose across the sector, boosted by the Federal Reserve’s high-interest rate environment.

BAC

2 minute read

This Hedge Fund Posted Gains Of 193% In 2022: How Did That Happen In A Bear Market?

By AJ Fabino

Today, 10:42 PM

Market bets on whether the Federal Reserve's rate hikes would lead to a recession in 2022 became a primary focus for the equity markets and for those who traded them.

SPY

2 minute read

2022’s Worst Performing Hedge Fund Saw Negative 56% Returns, Has These Stocks To Blame

By AJ Fabino

Today, 10:42 PM

Last year was one of the worst years for equities, with all three major indexes having their worst year since 2008, cutting a three-year winning streak.

AMZN

2 minute read

Goldman Sachs Outlines Expectations For S&P 500: Where Will Index Be On Dec. 31, 2023?

By AJ Fabino

Today, 10:42 PM

Goldman Sachs Group Inc (NYSE: GS) outlined its perception of recessionary risks and positioning in the market, along with sharing base case scenarios for U.S. equity returns in the event of a recession, during a strategy call on Tuesday.

2 minute read

AMC Is Overpriced, Says Analyst Calling For 48% Price Drop From Here

By AJ Fabino

Today, 10:42 PM

Analysts at Wedbush are not romanticizing the relationship between AMC Entertainment Inc (NYSE: AMC), and its retail shareholders. In fact, Wedbush believes that the steadfast retail crowd will continue to prop up shares of AMC.

$APE

2 minute read

Early Bird Prices For Benzinga Cannabis Capital Conference Going Up At Noon Today, Hurry And Book!

By Maureen Meehan

Today, 10:42 PM

Tickets for the Benzinga Cannabis Capital Conference, Sept. 13-14, are going fast and early bird prices are going up today, Friday, at 12:00 noon ET, so don’t wait another day.

CSE:TRUL

2 minute read

Jim Cramer’s 5 Takeaways From His Meeting About The Metaverse With Meta Platform’s Mark Zuckerberg

By AJ Fabino

Today, 10:42 PM

The newly formed metaverse, according to Meta Platforms Inc (NASDAQ: META) CEO Mark Zuckerberg, could be home to billions of users. What Happened: Zuckerberg met with CNBC's Jim Cramer to discuss this.