Is the Stock Market Closed on Juneteenth?

US stock markets are closed to observe Juneteenth for the first time in history. The New York Stock Exchange and Nasdaq are shut today in observation of the newest federal holiday, adding it to the list of market holidays that also includes Thanksgiving Day and Christmas Day. Juneteenth—also known as Emancipation Day, Black Independence Day … Read more

Angeles Equity Partners Invests in Agile Occupational Medicine | Business & Finance

LOS ANGELES–(BUSINESS WIRE)–May 11, 2022– Agile Occupational Medicine (“Agile”), a California-based owner and operator of occupational healthcare clinics, today announced an investment and capital commitment from Angeles Equity Partners, LLC (“Angeles”), a private investment firm focused on value creation through operational transformation. The financial terms of the transaction were not disclosed. Agile owns and manages … Read more

Allianz Books Extra $2 Billion in Legal Expenses

Allianz ALIZF -1.78% SE has set aside an additional $2 billion for legal expenses related to ongoing settlements with investors in funds that sustained losses during the March 2020 market mayhem. The German financial giant said Wednesday it booked 1.9 billion euros, equivalent to about $2 billion, in legal provisions in the first quarter owing … Read more

Bitcoin Falls to Half Its Peak as Investors Shun Risk

The cryptocurrency’s market tumble over the weekend echoed the broader stock market’s decline last week as investors moved away from riskier assets. Dreamstime text size The price of Bitcoin fell 5.3% to $33,879 on Sunday afternoon and is now about half its all-time high. It wasn’t immediately clear what had triggered the decline, but the … Read more

Based on 19 bear markets in the last 140 years, here’s where the current downturn may end, says Bank of America

At nearly the halfway mark in a volatile year of trading, the S&P 500 index is down, but not out to the point of an official bear market yet. According to a widely followed definition, a bear market occurs when a market or security is down 20% or more from a recent high. The S&P … Read more

This market strategist says stocks could gain 8% to 15% from here — giving anxious investors a perfect opportunity to sell

The US stock market’s huge decline on May 5 actually boosts the odds of a strong rally beginning soon, even if it won’t kick off a new leg of the bull market. That’s according to Hayes Martin, president of advisory firm Market Extremes. Over the years I have reported on Martin’s predictions of market turning … Read more

As Dow sinks over 1,000 points, signs of panic-selling emerge in stock market

Panicky behavior was starting to set in on Wall Street on Thursday, at least from a technical perspective, as the Dow industrials shed all of the previous day’s dramatic gains, and then some. Trading in New York Stock Exchange–listed stocks at midday Thursday exhibited panic-like selling action as bullish investors suffered a powerful reversal of … Read more

Why Is Bitcoin Falling? Prices Drop Amid Broader Market Tumble.

Bitcoin was trading around $37,000 Thursday. Rutmer Visser/Dreamstime Text size The price of Bitcoin, Ether, and other cryptocurrencies slumped on Thursday, reversing a recent rally as a deep selloff in the stock market spread to digital assets.. Bitcoin tumbled 6% over the past 24 hours to around $36,900, after ending 6% higher on Wednesday and … Read more

India’s Central Bank Calls Time on Stock Market’s Bull Run

The bears are here for India’s stock markets. While a full-scale massacre isn’t necessarily imminent, investors should brace for a nasty mauling. In a surprise move, the Reserve Bank of India raised interest rates Wednesday for the first time in more than three years by 0.4 percentage points to 4.40%. The decision was a belated … Read more

‘Bubble stocks popped’ but it’s still not safe to buy them, says Ray Dalio, founder of world’s biggest hedge fund

A bubble has burst for emerging tech stocks, but that doesn’t mean its safe or smart to go long those names right now, warned billionaire investor Ray Dalio. Dalio, the founder and co-chief investment officer of Bridgewater Associates, the world’s largest hedge fund, warned in January that emerging tech companies, including set-top box maker Roku … Read more