From 2013 through 2018 Hunter Biden and his company brought in about $11 million via his roles as an attorney and a board member with a Ukrainian firm accused of bribery and his work with a Chinese businessman now accused of fraud, according to an NBC News analysis of a […]
Business & Finance
Shares of Cisco fell 13.7% on Thursday after the company reported mixed earnings results and projected an unexpected sales decline in the current quarter. Cisco said Wednesday it expects fourth-quarter revenue to decline by 1% to 5.5% year-over-year, while analysts had been looking for revenue growth of roughly 6%. Cisco […]
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NEW YORK/MUNICH, May 17 (Reuters) – Germany’s Allianz SE (ALVG.DE) agreed to pay more than $6 billion and its U.S. asset management unit pleaded guilty to criminal securities fraud over the collapse of a group of investment funds early in the COVID-19 pandemic. Allianz’s settlements with the U.S. Department of […]
Larry Harris Source: Larry Harris To tame the recent inflationary spike, the Federal Reserve signaled it will continue to raise interest rates. When rates are high, consumers get a better return on the money they stash in a bank account and must shell out more to get a loan, which […]
The Nasdaq Composite fell on Tuesday as fears from Snap’s bleak warning spread to other tech names, while the Dow Jones Industrial Average rallied into the close from its lows of the day. The tech-heavy Nasdaq dropped about 2.4% to 11,264.45. The S&P 500 moved 0.8% lower to 3,941.48. Meanwhile, […]
Stocks rose on Wednesday after the minutes of the Federal Reserve’s May policy meeting showed the central bank is prepared to raise rates further than the market had anticipated. The Dow Jones Industrial Average jumped 191.66 points, or 0.6%, to 32,120.28. The S&P 500 climbed 0.9% to 3,978.73, and the […]