Monthly Archives: August 2022

Investors should slash exposure to stocks as the Fed’s balance sheet wind down is about to ramp up alongside further interest rate hikes

Traders work on the floor of the New York Stock Exchange Michael M. Santiago/Getty Images The Fed will ramp-up the wind-down of its balance sheet starting in September by $95 billion a month.  Investors should consider reducing risk as the wind-down accelerate while interest rates climb, says investment firm Glenmede.  The further balance-sheet reduction adds…

Tesla’s policy requiring workers wear plain black t-shirts, or those with Tesla logos, at work is ‘unlawful,’ National Labor Relations Board rules

Elon Musk at the 2022 Met Gala. Andrew Kelly/Reuters The National Labor Relations Board ruled Tesla can’t restrict workers from wearing union insignia. Wearing union insignia is a “critical form of protected communication,” an NLRB chairman said. The NLRB previously ruled that Tesla violated labor laws repeatedly by preventing workers from organizing. Tesla can’t restrict…

Former DOJ official says Trump’s special master request will dump a ‘thankless’ task on some intermediary’s shoulders: ‘No one wants this assignment’

Former US President Donald Trump during the Turning Point USA Student Action Summit on July 23, 2022 in Tampa, Florida. Joe Raedle/Getty Images A former DOJ attorney told Insider that special master work is grueling stuff. She described the screening process involved as “time consuming” and the end result as “thankless.” Trump’s plea for a…

US stocks drop as bond yields rise amid investor concerns over renewed Fed hawkishness

Fabrice Cabaud/Getty Images US stocks ended lower on Monday as investors assessed the Fed’s likely policy path.  Fed chair Jerome Powell said on Friday that the central bank’s top priority is taming inflation.  Investors are less optimistic toward a Fed pivot even as inflation is showing signs of cooling.   US stocks closed lower on Monday…

What is a stock exchange? Understanding the marketplace where shares are bought and sold

Stock exchanges today are largely virtual as automated electronic trading becomes the norm. Nichapa Srimai / EyeEm A stock exchange is a marketplace where stocks and other securities are traded, bought, and sold.  Exchanges can be either physical or electronic, but electronic exchanges are now the norm. An exchange brings stability, transparency, and efficiency to…

Is Robinhood safe? Experts weigh in on using the commission-free investing app

Robinhood offers commission-free trading on stocks. Rafael Henrique/SOPA Images/LightRocket via Getty Images Robinhood has earned both popularity and controversy.While Robinhood is safe, financial advisors say the app’s language and design can be misleading.Consider consulting a professional financial advisor to avoid financial risk. Robinhood is an app and web interface that allows users to buy, sell,…

Running against Trump is more of a risk for DeSantis than peaking too soon, said GOP strategist who paused a presidential PAC for the Florida governor

Former President Donald Trump and Florida Gov. Ron DeSantis are the most-talked about Republicans in the US. James Devaney/GC Images and Joe Raedle/Getty Images The midterms are ahead but there’s plenty of speculation about who’ll run for president in 2024. The most talked about Republicans are former President Donald Trump and Florida Gov. Ron DeSantis….