Mercer Bullard: Think DOLs Fiduciary Rule Is Too Strict? Blame SEC
Gundlach Sounds Fed Alarm, Warns of Selloff Near Inauguration Day
The U.S. Department of Education has two quite different roles in the lives of indebted former students. The same bureaucracy that must safeguard taxpayer dollars by collecting $1.1 trillion in loans....More>>>
The Nifty struggled around 10,690-10,700 levels and despite an intraday breakout above 10,700, bulls failed to sustain above 10690 on a closing basis. But, the up move could well extend towards 10,777-10,800 and a stop loss below 10,628 can be kept for all the long positions, suggest experts.
India VIX moved up by 3.28 percent at 13.05 levels. On the options front, maximum Put OI is....More>>>
Zacks Investment Research upgraded shares of Southern First Bancshares (NASDAQ:SFST) from a hold rating to a buy rating in a report published on Friday morning. Zacks Investment Research currently has $52.00 target price on the bank’s stock.
According to Zacks, “Greenville First Bancshares, Inc. is the holding company for Greenville First Bank, N.A., a national banking association....More>>>
The Texas State Securities Board has stopped a network of Utah-based crypto-related companies from making fraudulent investment offers in the state. The board issued a cease-and-desist order on Wednesday against five companies and three individuals, all of which have addresses in Utah and one of whom also has a Texas address.
The network of crypto companies has, among other things, been promoting....More>>>
U.S. banks reduced their holdings of state and local government bonds for the first time since 2009 after the federal government slashed corporate tax rates, making the securities less valuable to one of the market’s key buyers.
Figures released by the Federal Reserve Thursday show that the lenders’ holdings of municipal debt dropped by $15.8 billion during the first three months....More>>>
We spend most of our working lives contributing money to retirement accounts but what about taking it out in retirement? If you have pre-tax, Roth, and taxable accounts, how much should you withdraw from each one? Here are some things to consider:
1) How much can you safely withdraw? The safest option is to only withdraw earnings and not touch any of the principal but....More>>>
Soci茅t茅 G茅n茅rale will pay more than $860 million in fines for bribing Libyan officials and manipulating a benchmark lending rate.
Between 2004 and 2009, the French bank paid $90 million in bribes to a Libyan broker, who then paid Libyan officials, the US Justice Department announced Monday. The scheme allowed Soci茅t茅 G茅n茅rale to score 13 investments from Libyan banks and....More>>>
Commerce Bank grew its stake in Pfizer Inc. (NYSE:PFE) by 17.1% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 3,177,243 shares of the biopharmaceutical company’s stock after acquiring an additional 463,796 shares during the period. Pfizer comprises 1.5% of Commerce Bank’s investment portfolio, making the stock its 8th biggest holding.....More>>>
Norinchukin Bank The lifted its holdings in Roper Technologies Inc (NYSE:ROP) by 15.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,423 shares of the industrial products company’s stock after purchasing an additional 1,238 shares during the period. Norinchukin Bank The’s holdings in Roper Technologies....More>>>
Retirees interested in the security of guaranteed income often turn to immediate annuities, which provide regular payments that begin right away in exchange for a lump-sum investment. In recent years, that guarantee has come at a price: Low interest rates have depressed monthly payments. But rates have begun to move up and are expected to climb higher. Annuity payouts are rising, too.
Energen (NYSE:EGN) has been given a $79.00 price objective by research analysts at Williams Capital in a note issued to investors on Tuesday. The firm currently has a “buy” rating on the oil and gas producer’s stock. Williams Capital’s target price points to a potential upside of 24.06% from the stock’s current price.
EGN has been the subject of several other....More>>>
Saudi Arabian Oil Co. and Total SA are weighing jointly buying businesses such as Tas’helat Marketing Co. to gain access to networks of retail fuel stations in the Gulf kingdom, according to people with knowledge of the matter.
The state-owned company, known as Aramco, and the French oil giant are also looking at a range of options from consolidating some service stations to potentially....More>>>
Russia’s Central Bank wary of crypto-currency. But authorities moving ahead with developing this part of the fintech market in Russia. (Shutterstock)
Although the National Settlement Depository (NSD) of the Moscow Stock Exchange is working on building the infrastructure to allow for bitcoin and other digital currency trading on the exchange someday, Russia’s central bankers still....More>>>
Oil has been on a rollercoaster ride, making and stealing fortunes for and from speculators. Since mid-June, oil has plunged approximately 60%, which has been due to oversupply and slowing global economic growth, the latter of which leads to reduced demand. Earlier this year Feb. 11 to be exact oil hit a low of $26.05/barrel. Some economists and analysts feel as though the $30/barrel level can....More>>>
Chemung Financial Corp. (NASDAQ:CHMG) announced a quarterly dividend on Friday, May 18th, Wall Street Journal reports. Investors of record on Monday, June 18th will be given a dividend of 0.26 per share by the bank on Monday, July 2nd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date of this dividend is Friday, June 15th.
7 Reasons Teslas Stock Should Continue To Appreciate
Tesla (TSLA) reported a wider than expected loss Wednesday after the bell, the biggest in the companys history. Teslas net loss for the quarter amounted to roughly $718 million, a considerable $4.22 cents a share.
Penske Automotive Group (NYSE: PAG) is one of 20 publicly-traded companies in the “Automotive dealers & gasoline service stations” industry, but how does it compare to its peers? We will compare Penske Automotive Group to similar companies based on the strength of its earnings, v
Wall Street brokerages expect Illinois Tool Works (NYSE:ITW) to report $1.96 earnings per share for the current quarter, Zacks reports. Five analysts have issued estimates for Illinois Tool Works’ earnings, with estimates ranging from $1.95 to $1.99. Illinois Tool Works reported earnings pe
Red Rock Resorts Inc (NASDAQ:RRR) was the target of some unusual options trading activity on Thursday. Investors acquired 1,886 put options on the stock. This is an increase of approximately 1,036% compared to the average volume of 166 put options.