Karen Chen, the former president of UBS China Ltd., has been appointed chief executive officer at a cryptocurrency firm Higgs Block Technology Pte. Ltd., joining other financial-industry veterans in jumping ship to the burgeoning technology.
Chen started in December at Higgs Block, a Singapore-based blockchain company founded in August, according to a statement. The group includes Coinsuper,....More>>>
Brokerages expect Citigroup (NYSE:C) to post sales of $18.58 billion for the current quarter, Zacks reports. Three analysts have made estimates for Citigroup’s earnings, with the highest sales estimate coming in at $18.60 billion and the lowest estimate coming in at $18.57 billion. Citigroup reported sales of $17.90 billion in the same quarter last year, which indicates a positive year-over-year....More>>>
U.S. equities bagged new record highs on Friday following a disappointing May payroll report.
The Dow Jones Industrial Average gained 0.3%, the S&P 500 gained 0.4%, the Nasdaq Composite gained 0.9% and the Russell 2000 gained 0.7%. Treasury bonds were stronger, the dollar was weaker, gold gained 0.8% and oil fell 1.4% to continue a recent run of weakness after reports of diminishing OPEC....More>>>
The Health Maintenance Organization (HMO) industry has consistently outperformed the S&P 500 over the last five years with its 285.2% appreciation, easily trumping the S&P 500’s 90.2%. But the industry started pulling even further ahead in 2015 and again after the election of President Donald Trump. It is currently in the top 9% of Zacks industries.
HMOs have been around....More>>>
U.S. equities mostly finished lower on Monday as volatility continues to ramp up, led by deepening weakness in big-cap tech stocks. Known as the “FAANGs,” these were the stocks that have captivated the attention of investors in recent months for their seemingly relentless upward momentum.
But after some disappointing results/guidance from Amazon.com, Inc. (NASDAQ:AMZN) and....More>>>