CashNews.co We recently made a list of Morgan Stanley’s Best Overweight & Quality Stocks: Top 25 Stocks. In this piece, we will look at where Regeneron Pharmaceuticals, Inc. (NASDAQ:REGN) ranks on the list of the top overweight and quality stocks. The close of September has cemented the paradigm shift on Wall Street. With the Federal […]
CashNews.co Morning Brief Co-Hosts Seana Smith and Brad Smith break down trending tickers and top developments in the semiconductor industry. The US government is contemplating imposing a cap on AI chip exports to specific countries. This potential measure would establish a ceiling on export licenses for major chip manufacturers like Nvidia (NVDA) and AMD (AMD). […]
CashNews.co Apple (AAPL) stock hit a new intraday high of $237.49 on Tuesday, eclipsing its prior record of $237.23 on July 15. The stock’s climb added about $70 billion to its market capitalization, putting it further ahead of Nvidia (NVDA) as the world’s most valuable company after Nvidia’s gains jeopardized the iPhone maker’s lead. The […]
CashNews.co New York CNN — Boeing’s finances are a multi-billion-dollar problem for the company, its employees, suppliers and airline customers. The good news is that they probably won’t affect the average American – well, not very much. After 33,000 members of the International Association of Machinists went on strike against the company a month ago, […]
CashNews.co WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is designating three individuals and four associated companies involved in a Lebanon-based sanctions evasion network that generates millions of dollars in revenue for Hizballah. Hizballah’s finance team is responsible for the establishment and operation of Hizballah commercial projects throughout […]
CashNews.co The Bank for International Settlements (BIS) is launching Project Aperta to explore how to reduce frictions and costs in global finance by enabling seamless cross-border data portability. The project aims to connect the domestic open finance infrastructures of different jurisdictions. The initial use case to be explored is in trade finance for small and […]
CashNews.co Dow hits record high, declining volatility: Market Takeaways Stocks rebounded in Wednesday’s trading session, with the Dow Jones Industrial Average (^DJI) closing at a record high. Wall Street is feeling bullish as Bank of America’s October global fund manager survey showed a jump in sentiment. Meanwhile, the volatility index (^VIX) is down just below […]
CashNews.co The UK Financial Conduct Authority (FCA) has initiated an examination of the country’s premium finance market. This move comes amid concerns that individuals who finance their motor and home insurance payments might not be benefitting from equitable or competitive terms, especially as sector-wide prices escalate. In the UK, premium finance is a mechanism that […]
CashNews.co The Municipal Building Committee will decide on renovation or rebuilding the Westborough Golf Club building. (Photo/Maureen Sullivan) WESTBOROUGH – The Advisory Finance Committee recommended by a 5-4 vote an article to borrow $450,000 for the Westborough Golf Club building. The funds will be used toward design development, create bid documents and obtain a food […]
CashNews.co Financial scams targeting seniors are exploding, with both the number of victims and dollar amount of losses doubling over the last four years, writes Rolland Johannsen, of Capital Performance Group.Adobe stock Seniors represent an important customer segment for most banks, constituting a primary source of core funding in an environment where sources of core […]