Seven of the ten U.S.-listed stocks that traded the most shares in May are worth less than $1 per share and none of the seven have turned a profit, Cboe Global Markets reported.
Tag: U.S. economy
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SPOTLIGHT: BIGS GETTING BIGGER
Identity management firm CyberArk Software is acquiring Venafi, whose technology identifies bots and machines on a network, for $1 billion in cash and about $540 million in stock.
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TOP TREND 2024: EV GO FU
President Joe Biden’s 102.5-percent tariffs on Chinese electric vehicles (EVs) entering the U.S. drew headlines earlier this month. What drew less attention but is far more impactful is the tripling of tariffs on EV batteries and parts.
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SPECIAL REPORT: ROBBER BARONS 2.0: HOW PRIVATE EQUITY KILLED RED LOBSTER: A CASE STUDY
It wasn’t only all-you-can-eat shrimp for $20 that drove the Red Lobster restaurant chain to claim bankruptcy on 19 May, an NBC News investigation says.
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BILLIONAIRE’S DAUGHTER ROILS ALASKA’S SOVEREIGN WEALTH FUND
In 2022, the daughter of David Rubenstein, billionaire cofounder of the Carlyle Group asset management firm, became a trustee of the Alaska Permanent Fund Corp. (APFC), the state’s sovereign wealth fund, with a mission of helping the fund update its investment strategy.
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MASSACHUSETTS SET TO LOSE ALMOST $1 BILLION IN TAXES AS THE RICH MOVE OUT
The state of Massachusetts could lose almost $1 billion in tax revenue annually by 2030 as well-off households flee the state’s high taxes and home prices, Boston University’s business school has calculated.
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LOWE’S, MACY’S, TARGET REPORT WEAKER SALES
The 1,900-store Target discount chain reported a 3.7-percent drop in overall sales in its most recent quarter ending in early May, making it the fourth consecutive quarter of shrinking sales for the company.
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SALES OF NEW HOMES SLUMP IN APRIL
In April, sales of newly built homes fell 4.7 percent from March and 7.7 percent year on year, the U.S. census bureau reported.
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AMERICANS FEELING ECONOMIC PAIN
Donald Trump insists the U.S. economy is “going to hell.” According to a new Harris poll, most Americans agree.
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FEDERAL DEBT LOAD WORRIES BOND INVESTORS AS ELECTION APPROACHES
With another round of U.S. treasury bonds to be unleashed onto an already flooded market late this summer, investors are expecting bond prices to fall, especially among long-dated bonds.