Stock prices, led by tech stocks, rallied on Tuesday after Federal Reserve Chair Jerome Powell said he expects significant disinflation in 2023, a sign that the central bank believes it’s making progress in its fight against...
A sell-off of Adani Group stocks linked to Indian billionaire Gautam Adani has wiped out $47 billion in market value Friday after U.S. short-seller Hindenburg Research published a report alleging massive fraud at the company...
Join friends and colleagues for Winter Networking presented by the Westerly Community Credit Union – this Thursday, February 29th from 5:30 – 7:30 PM at Lake Taco. Lake Taco is at 446 RI-3, in Coventry, RI. Reconnect...
The year 2022 ranked among the worst in Wall Street History, with decades-high iNFLation, a hawkish Fed, skyrocketing commodity prices and a war in Ukraine revving up fears of a recession. Some bulls predict iNFLation will crash...
Ultimate Fighting Championship President Dana White, who has decades of experience as a fighter and trainer, slapped his wife during an incident on New Year’s Eve in a Cabo San Lucas nightclub and a video of the incident went...
The Dr. Martin Luther King, Jr. Community Center recently held a ribbon-cutting ceremony for its newly renovated facility at 20 Dr. Marcus Wheatland Boulevard in Newport, RI, marking the culmination of 13 months of construction. This...
“…under sufficient load the bridge could fail with limited to no advanced warning”. Sentences similar to this are scattered throughout the draft of the first report to be received by RI DOT. This report is done by...
Prominent market bear Mike Wilson, the chief U.S. equity strategist for Morgan Stanley who accurately predicted this year′s stock sell-off, said the market has “run out of steam” and he expects the S&P...
Shorting U.S. tech stock is one of the top 10 trades for 2023, according to Wall Street bear Michael Hartnett, the chief investment strategist for Bank of America. Hartnett was arguably the most bearish but prescient voice...
This story is published in partnership between RINewsToday.com and Ocean State Stories, a journalism initiative at Salve Regina University. Article and photo: by Mary Lohwe for Ocean State Stories Donating and reselling old clothes...
Nervous customers at Credit Suisse, the No. 2 Swiss bank, have withdrawn about $84 billion and moved it to rival banks since the beginning of October over uncertainty about the bank’s financial Health and fears of imminent collapse...
John Foley, the co-founder and CEO of the stationary bike and fitness company Peloton, whose share price spun into the stratosphere at the start of the covid-19 pandemic before falling 95 percent, faced repeated margin calls on money...
Rhode Island Commerce debuted the state’s new tourism marketing campaign, “All That.” With the intention of driving tourist occupancy throughout the Ocean State and bringing revenue into communities, the integrated marketing...
by Mary T. O’Sullivan, contributing writer “Workplace cultures that help people thrive begin with employee recognition.” – OC Tanner Report The concept of workplace loyalty still baffles employers and employees. Unexpected...
A new Federal Reserve forecast that the U.S. central bank will likely raise interest rates four times this year in response to high iNFLation and low unemployment prompted a prediction from a top Morgan Stanley analyst that a valuation...
A 27-year-old truck driver is getting a $30,000 payday from Robinhood after the trading app was found liable for losses he incurred when the online broker restricted trading on meme stocks in January 2021 during an unprecedented short...
Investors expect the Federal Reserve to fight iNFLation by raising interest rates as many as four times in 2022. Rising interest rates — and the resulting higher bond yields – hurt tech stocks. That’s because...
What’s happening on Wall Street hasn’t happened in a decade — hedge funds are dumping their tech stocks at a record rate. Surging bond yields have prompted hedge funds to sell growth-focused Technology shares...
Democratic House Speaker Nancy Pelosi insists she does not own any stocks but her husband Paul does. They bought millions of dollars worth of call options in companies ranging from Alphabet to Walt Disney between Dec. 17 and Dec....
Investors on Tuesday shook off three days of losses over fears about the omicron variant and Sen. Joe Manchin’s rejection of the Joe Biden Build Back Better Act, sending stocks and crypto higher. Bitcoin was up about 4 percent,...
Some CEOs and founders are dumping shares at historic levels, ahead of possible changes in some U.S. and state tax laws. Nearly a dozen high-profile founders and CEOs have sold off a record $69 billion of their stock and could sell...
