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Interactive Brokers founder and billionaire Thomas Peterffy has spotted one likely unintended consequence of the Federal Reserve embarking on raising interest rates. “There is a lot of leverage in the system as the Fed begins to raise rates. We will be looking at bankruptcies maybe among many of the private equity firms that are invested in on the high leverage, and in several businesses that basically will not be able to pay the interest,” Petterffy told Yahoo Finance. Despite that very real… Source link

New unemployment claims improved more than expected last week, further reflecting a tight labor market and relatively low levels of firings and layoffs. The Labor Department released its latest weekly jobless claims report Thursday at 8:30 a.m. ET. Here were the main metrics from the print, compared to consensus estimates compiled by Bloomberg: Initial jobless claims, week ended March 12: 214,000 vs. 220,000 expected, 227,000 during prior week Continuing claims, week ended March 5: 1.419… Source link

Listing Follows Completion of Business Combination with Spartan Acquisition Corp. III Allego Management to Ring Opening Bell at the New York Stock Exchange Today, March 17, 2022, at 9:30 am ET in Celebration PARIS & ARNHEM, the Netherlands & NEW YORK, March 17, 2022–(BUSINESS WIRE)–Allego N.V. (“Allego” or “the Company”) (NYSE: ALLG), a leading pan-European electric vehicle charging network, announced that its ordinary shares and warrants will begin trading on the New York Stock Exchange… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Thursday, March 17, 2022 The Federal Reserve finally took the plunge and raised rates. As expected, Fed Chair Jerome Powell led the Federal Open Market Committee to raise its benchmark interest rate target by 25 basis points. The Fed famously operates according to two mandates (actually it has three by law): price stability and maximum employment…. Source link

BREA, Calif., March 17, 2022 (GLOBE NEWSWIRE) — via InvestorWire — Mullen Automotive, Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an emerging electric vehicle (“EV”) manufacturer, announces MULN’s feature on Yahoo Finance Live, the world’s biggest business news platform. With nearly 100 million unique monthly visitors making it the number one finance website in the U.S., Yahoo Finance provides free stock quotes, up-to-date news, portfolio management resources,… Source link

Mullen Technologies, Inc. Yahoo Finance Live’s Brad Smith, David Briggs, and Rachelle Akuffo identified MULN as an EV stock standout that is doing well among falling EV stocks due to its solid-state battery technology and strong domestic presence. Mullen Automotive Featured Recently in Yahoo Finance Live Segment MULN stock is picking up steam and interest following Mullen’s recent announcements. BREA, Calif., March 17, 2022 (GLOBE NEWSWIRE) — via InvestorWire — Mullen Automotive, Inc…. Source link

Steph Curry missed the second half of Golden State’s defeat against Boston after suffering a left foot injury in a collision with the Celtics’ Marcus Smart. Curry underwent an MRI exam after hobbling off the court and the results weren’t announced Thursday evening. The Warriors’ Draymond Green told reporters postgame that he didn’t expect Curry to be in the lineup Sunday against the San Antonio Spurs. Warriors head coach Steve Kerr took issue with Smart over the play, where in a scramble for a… Source link

Just take a moment and appreciate how nice Thursday will be. For the first time since 2019, we’ll have a (hopefully) normal Thursday at the NCAA tournament. The 2020 tourney was scrapped due to COVID-19. Last year we had a tournament, but it wasn’t all the way back. It was held entirely in Indiana and with limited fans it didn’t feel right. It was great to have March Madness, but it wasn’t the same. VCU having to forfeit a first-round game due to a COVID-19 outbreak was a brutal blow for the… Source link

An Atlanta Braves institution is on the move. At least he got a ring on the way out. Longtime Braves first baseman Freddie Freeman has agreed to a six-year, $162 million deal with the Los Angeles Dodgers on Wednesday night, according to ESPN’s Kiley McDaniel and Jeff Passan. The deal will end a 12-year tenure in Atlanta for Freeman, who capped his time there by winning the franchise’s first World Series title since 1995. During his time in Atlanta, the 32-year-old Freeman also earned five… Source link

It should tell you something that a Spencer Dinwiddie buzzer-beating 3-pointer to beat his old Brooklyn Nets team may have only been the third-wildest shot in the game’s final 30 seconds. Before Dinwiddie ended the game, the Nets and Dallas Mavericks had fought to a 108-108 tie going into the final half-minute. With the ball, the Mavericks turned to Luka Doncic, who pushed the ball into the paint then hit a Dirk Nowitzki-esque fadeaway to silence the Barclays Center crowd. That crowd became… Source link