Category: Latest News

Cities’ retirement costs to surge as pensions take market beating

(Bloomberg) — Cities will likely have to increase retirement contributions as public pension returns are battered by historically poor financial markets, according to a report released Monday by S&P Global Ratings.  “S&P Global Ratings anticipates that market declines in 2022 and the threat of a recession will likely lead...

Everything-Selloff on Wall Street Deepens on 98% Recession Odds

(Bloomberg) — Monday brought a stark warning for Wall Street daredevils: Stocks are still in free fall and bearish sentiment is far from getting exhausted — especially with hawkish central bankers rattling recession-obsessed markets like this. Most Read from Bloomberg The S&P 500 just sank to the lowest since...

Colombia, Venezuela reopen cargo trade as relations thaw

Delegations of Colombia and Venezuela, and Colombia’s President Gustavo Petro meet at the Simon Bolivar International Bridge for the commercial reopening of the border, in Cucuta, Colombia September 26, 2022. REUTERS/Leonardo Fernandez Viloria Monday, September 26, 2022 Delegations of Colombia and Venezuela, and Colombia’s President Gustavo Petro meet at...

Akbar V And Cardi B Have Egregiously Exhausting War Of Words

Bossip Video An egregiously exhausting war of words ensued on Twitter between two female rappers who traded shade for HOURSSSSSSS over custody, a leaked sex tape turned single cover, “break dancing” dead relatives, and a certain song’s chart data. Cardi B and rapper Akbar V went head to head...

AMD: A $200+ Stock When The Market Wakes Up

[view original post] Justin Sullivan Advanced Micro Devices, Inc. (NASDAQ:AMD) has grown revenues 85% CAGR the past 2 years despite being supply constrained. The company is gaining market share and increasing margins, and has a lot of room to grow. The company is likely to be earning at a...

Wall St. ends lower, Dow confirms bear market

STORY: The Dow Jones Industrial Average fell 329 points and right into a bear market on Monday… as all three of Wall Street’s main indexes plummeted amid ongoing investor fears that the Federal Reserve’s aggressive campaign against inflation could throw the U.S. economy into a sharp downturn. The Dow...