Author: super@dmin
-
: Allstate tells Wall Street to brace for higher catastrophe losses in Q4, thanks to December winter storm
Allstate Corp. late Wednesday told Wall Street to expect higher catastrophe losses on its balance sheet, thanks in part to the severe winter storm that blanketed two-thirds of the U.S. in frigid temperatures and snow in December.
-
Personal Finance Daily: Inflation hit rural, Hispanic, and Black people harder for one key reason and a four-day workweek is less stressful — and just as productive
Wednesday’s top personal finance stories.
-
: Gates Foundation says it’s spending more than ever — while defending against criticism that it has ‘too much power and influence’
‘It’s true that between our dollars, voice, and convening power, we have access and influence that many others do not,’ the Gates Foundation CEO said.
-
The Fed: Fed’s Lorie Logan backs slowing the pace of interest-rate hikes at next meeting
Dallas Fed President Lorie Logan on Wednesday said she supported slowing the pace of rate hikes at the upcoming meeting in early February.
-
Market Extra: Stocks flash rare bull-market signal for first time in nearly 3 years. But some have their doubts.
A technical signal that has portended previous turning points for the U.S. stock market just arrived for the first time in nearly three years, according to data supplied by its creator.
-
The Wall Street Journal: DCG’s crypto media platform CoinDesk hires bankers to explore potential sale
CoinDesk Inc., a cryptocurrency-focused media company, has retained investment bankers at Lazard Ltd. to help it explore options including a partial or full sale, according to its chief executive officer.
-
The Ratings Game: Shoppers are ditching jeans for cargo pants and chinos, retail execs say
BofA analysts downgraded Levi Strauss & Co., saying demand for denim ‘remains challenged.’
-
: Amazon cited for warehouse working conditions ‘designed for speed but not safety’
-
The Tell: Bet on a falling U.S. dollar because the Fed is likely to pivot, says TS Lombard
Bet on a falling U.S. dollar because the Fed will likely cut interest rates before year-end while the ECB keeps tightening, a pair of strategists contend.
-
Crypto Update: Crypto lender Genesis plans to file for bankruptcy as early as this week: report
Crypto lender Genesis Global Capital is reportedly preparing to file for bankruptcy as early as this week, according to a Bloomberg article Wednesday.