In the 2021 Netflix film "Don't Look Up" two astronomers discovered a previously unknown comet expected to impact the Earth in about six months and was large enough to cause a planet-wide extinction event. Through its comedic twists and turns, a plan was announced to "strike and divert" the comet using nuclear weapons -- though something else inevitably happened in the movie.
When you get a 1-2 punch of inflation and recessionary fears as we've had in 2022, investors begin to lose faith in the ability of shopping centers and regional malls to thrive under adverse conditions.
The year 2022 has been challenging for the cannabis industry, to say the least, with stock prices plunging significantly. The Biden Administration has been dodging marijuana decriminalization questions for months, and it seems he'll remain silent on the issue, at least until after the midterms.
The U.S. Dollar Index, which measures the strength of the dollar against a host of major currencies, is reaching 20-year highs and that's bad news for businesses like Nike Inc, which releases earnings on Thursday. First, a little insight. When the U.S. dollar gains strength in relation to other currencies, the U.S. Dollar Index rises.
The S&P 500 added to last week's losses on Monday as the index drifted closer toward its June intraday low of 3,636.87. The S&P 500 traded as low as 3,647.74 Monday as investors consider whether the June lows will hold as technical support or stocks are headed to fresh 52-week lows in coming days. Pound Falling: Turbulence in the U.K. has rattled global financial markets.
As the national average for the 30-year fixed mortgage rate sits at roughly 6.43%, many homebuyers can no longer afford a down payment as well as the interest rate that comes with purchasing a home. With the typical rental charging $2,090 a month, real estate investment trusts in the apartment and single-family rental home market will continue to have an edge on inflation.
This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth.
Precious metals stocks and precious metals reacted positively to Federal Reserve Chairman Jerome Powell's announcement that interest rates will by 0.75%. Because this sector is traditionally considered an inflation hedge -- although not so much lately -- the slightly upward move may be a little surprising. Taking rates higher is designed to stop inflationary trends.
Russia's invasion of Ukraine is likely to cost the global economy $2.8 trillion in lost output by the end of 2023, according to an Organization for Economic Cooperation and Development report.
Qualcomm Inc's automotive design-win pipeline has more than doubled in less than a year as more and more automakers turn to the company's Snapdragon Digital Chassis solutions. Cristiano Amon, president and CEO of Qualcomm, highlighted the accelerated adoption Monday on Benzinga's "PreMarket Prep."
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