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Monthly Archives: September 2022

Keep your powder dry when it comes to Crown Castle

Moderna Inc: “I actually want to buy the stock. I know it can go lower, but I think it’s a really well-run company.” Texas Instruments Inc: “I think that it’ll make the quarter and I think you can start buying. … Don’t buy all at once.” Trade Desk Inc: “Trade …

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FTX in talks to raise $1 billion at valuation of about $32 billion

Sam Bankman-Fried speaks onstage during the first annual Moonlight Gala benefitting CARE – Children With Special Needs at Casa Cipriani on June 23, 2022 in New York City. Craig Barritt | Getty Images Sam Bankman-Fried’s crypto conglomerate FTX is in talks with investors to raise up to $1 billion in …

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Salesforce aims for 25% operating margin in 2026

Bret Taylor, co-chief executive officer of Salesforce.com Inc., right, and Marc Benioff, co-chief executive officer of Salesforce.com Inc., wear rabbit ears during a keynote at the 2022 Dreamforce conference in San Francisco, California, on Tuesday, Sept. 20, 2022. Marlena Sloss | Bloomberg | Getty Images Salesforce stock rose almost 3% …

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What the Fed’s big interest rate hikes mean for Main Street economy

Federal Reserve Board Chairman Jerome Powell speaks during a news conference following a two-day meeting of the Federal Open Market Committee (FOMC) in Washington, July 27, 2022. Elizabeth Frantz | Reuters The Federal Reserve’s decision to raise interest rates by 0.75%, or 75 basis points, for the third-consecutive time at …

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GM to close reservations for electric Hummer EV after topping 90,000

Production is now set to begin at the former Detroit-Hamtramck assembly plant, less than two years after GM announced the massive $2.2 billion investment to fully renovate the facility to build a variety of all-electric trucks and SUVs. Photo by Jeffrey Sauger for General Motors DETROIT – General Motors will …

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Tom Hardy just won gold at a Brazilian Jiu-Jitsu competition

Tom Hardy isn’t just an action star on the big screen: He can throw down in real life, too. The 45-year-old actor made a surprise appearance at the 2022 Brazilian Jiu-Jitsu Open Championship in Milton Keynes, England over the weekend and ultimately walked away with the top prize, The Guardian …

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Fed raises interest rates, what will be more expensive

To reduce persistently high inflation, the Federal Reserve announced a third consecutive “jumbo” interest hike of 0.75% Wednesday, further increasing the cost of debt for credit cards, vehicle financing and other loans. The fifth-straight increase to the federal funds rate brings it to a range of 3% to 3.25%, the …

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What the inverted yield curve means for your portfolio

Morsa Images | E+ | Getty Images As investors digest another 0.75 percentage point interest rate hike by the Federal Reserve, government bonds may be signaling distress in the markets. Ahead of news from the Fed, the policy-sensitive 2-year Treasury yield climbed to 4.006% on Wednesday, the highest level since …

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Google co-founder’s flying car start-up is winding down

Larry Page Justin Sullivan | Getty Images Google co-founder Larry Page’s flying car start-up Kittyhawk is winding down, the company announced Wednesday. “We’re still working on the details of what’s next,” the company wrote in a LinkedIn post. Kittyhawk was founded as Zee.Aero in 2010 when Page recruited Sebastian Thrun, …

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Here’s what changed in the new Fed statement

This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting on July 27. Text removed from the July statement is in red with a horizontal line through the middle. Text appearing for the first time in the new statement is in red and …

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