Author: News Room

There are many rebound candidates for the Yankees and other than Gerrit Cole and Gleyber Torres you can make the case for many notable figures of health and productivity. Perhaps nobody holds the distinction more than Giancarlo Stanton, who even in worst season can still do things like hit the ball into the third deck in the left field seats at Yankee Stadium. Stanton achieved that feat July 8 by hitting a 447-foot drive off the facing but the problem was those were too infrequent. As much as Anthony Rizzo struggled for two months before the Yankees realized he was…

Following the collapse of the Silicon Valley Bank about a year ago, regional banks fell in value and then continued to get the cold shoulder from Wall Street. The rescue this month of a collapsing New York Community Bancorp by former Treasury Secretary (and Tik Tok enthusiast) Steve Mnuchin is further evidence of the sector’s issues. Now that the problems are widely known, maybe it’s time to consider which stocks in the regional banking group may be of interest to those longer-term investors who research for value stocks. With that in mind, here are 4 regional banks now trading below…

Apple is facing a potentially existential legal challenge.A lawsuit filed Thursday by the US Department of Justice, along with 16 attorneys general, accuses the company of a raft of anti-competitive practices in achieving the iPhone’s dominance in the US smartphone market.But Apple says the case “threatens who we are” and would radically transform tech companies’ ability to serve their customers. “If successful, it would hinder our ability to create the kind of technology people expect from Apple—where hardware, software, and services intersect,” the company said in a statement to Business Insider. “It would also set a dangerous precedent, empowering government…

The DOJ’s antitrust lawsuit against Apple could take years to reach a conclusion.But a settlement “in some form” is likely to be reached sooner, Wedbush analysts predict.The impact of a settlement on Apple’s business would vary depending on the level of any concessions. After the federal government filed a bombshell antitrust lawsuit against Apple, the tech giant looks poised for a long and vigorous legal battle as it defends itself against allegations that it used anticompetitive practices to illegally maintain a smartphone monopoly.Apple says the lawsuit gets the facts and the law wrong and plans to vigorously defend itself. That legal process,…

OTTAWA (Reuters) -Canada’s banking regulator is limiting the number of highly leveraged loans in banks’ residential mortgage portfolios, which have ballooned alongside house prices to make Canadian borrowers among the most indebted in the world, the Globe and Mail reported on Friday. The Office of the Superintendent of Financial Institutions (OFSI) has told lenders they will have to limit loans to borrowers with mortgages greater than 4.5 times their annual income, the newspaper reported, citing two sources familiar with the matter. The new income limit is expected to take effect in the first quarter of next year, the report said,…

In a recent move, John L. Garrison Jr., the former Director, Chairman, and CEO of Terex Corp (NYSE:), has sold a notable quantity of company shares. According to the latest filings, Garrison disposed of a total of 75,000 shares across two separate transactions. On March 20, 2024, Garrison sold 59,094 shares at an average price of $60.07, with individual sales ranging from $60.00 to $60.45 per share. The following day, on March 21, he continued by selling an additional 15,906 shares at an average price of $61.74, with sales prices varying from $60.22 to $62.20. The total proceeds from these…

Editor’s Note: This is an updated version of a story that last ran on October 3, 2023. After no ticket matched all numbers drawn in Tuesday night’s Mega Millions lottery, anyone feeling lucky has another chance to win the jackpot, which now stands at a whopping $977 million, at the Friday drawing. To be sure, there’s nothing wrong with fantasizing about winning the grand prize, or dropping $5 to $10 to buy lottery tickets or scratch-offs on occasion. In fact, Americans spent over $113 billion on lottery tickets last year, according to the North American Association of State and Provincial Lotteries.…

Gold price fails to hold all-time highs around $2,220 as the US Dollar strengthens. The US Dollar capitalizes on the strong US economic outlook. The Fed’s rate-cut campaign could be less aggressive than other central banks in developed nations. Gold price (XAU/USD) extends its downside to near $2,160 in Friday’s early American session after failing to sustain close to its all-time highs above $2,220. The precious metal faces a sharp sell-off as the US Dollar strengthens on an upbeat United States economic outlook, reinforced by robust Existing Home Sales data released on Thursday. The US Dollar Index (DXY) refreshes a monthly…

With the larger part of the cryptocurrency market getting closer to ending the week in the red zone, Binance Coin (BNB) is no exception, but artificial intelligence (AI) platforms envision recovery, more bullishness, and further increases as it moves toward the end of this year. As it happens, Binance Coin has had a rough week, much like the rest of the cryptoverse, during which it has lost over 5% to its price, with its losses continuing in the last day while its gains since the beginning of 2024 remain strong – above 75%. BNB price prediction 2024 In particular, one…

The U.S. Department of Justice sued Apple on Thursday, accusing it of using the iPhone’s market power to cut off rivals, kicking off a multiyear process involving hundreds of lawyers and threatening Apple’s “walled garden” business model.If the DOJ wins, it could seek a range of changes to Apple’s business, and U.S. officials didn’t rule out the possibility that Apple could face “structural remedies” or be broken up.If Apple’s arguments prevail, a court could rule that its estimated 64% of U.S. smartphone share isn’t a monopoly, or that its conduct wasn’t illegal, giving Apple new tools to fight off future…