Monthly Archives: August 2022

An indicator with a perfect track record shows stocks haven’t bottomed yet – and markets shouldn’t rule out a hard landing, BofA says

(Photo by ANGELA WEISS/AFP via Getty Images) Stocks still have room to fall, and investors shouldn’t discount the odds of a hard landing yet, Bank of America says. Only 30% of the firm’s bull-market indicators have been triggered, versus over 80% in previous market bottoms.  Plus, one signal with a perfect track record has yet…

The only company with a vaccine approved for monkeypox says it’s not sure if it can keep up with demand

People wait in line to recieve the Monkeypox vaccine at a new mass vaccination site in Brooklyn on July 17, 2022, in New York City. Kena Betancur/AFP via Getty Images The drugmaker of the only approved vaccine for monkeypox said its not sure if it can meet the demand. “Demand keeps rising,” a vice president…

The Fed launches guidelines for crypto firms to get master account access

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Nelly Chatue-Diop’s Web3 startup secured a $2 million VC-backed raise without a marketing budget — and raked in 50,000 users in a year. Here’s how the exec plans to offer crypto and investment services in Francophone Africa.

Kazi Awal/Insider Nelly Chatue-Diop is the CEO of Ejara. Ejara Nelly Chatue-Diop is the CEO and a cofounder of the investing platform Ejara. Ejara announced a $2 million funding round last year led by CoinShares Ventures and Anthemis Group. This article is part of “Master Your Crypto,” a series from Insider helping investors improve their…

Manchester United stock rallies even as Elon Musk says his tweet about buying the soccer club was a joke

Elon Musk. Andrew Kelly/Reuters Elon Musk tweeted that he was going to buy Manchester United, but quickly said he was joking.  Manchester United’s stock jumped more than 3% following the tweet.  Trading volume for shares in the sports club skyrocketed to more than double their daily average.  Shares of Manchester United jumped as much as…

Mike Pence says he ‘would consider’ testifying before the January 6 committee

Former Vice President Mike Pence. Scott Olson/Getty Images Former Vice President Mike Pence said he ‘would consider’ testifying for the Jan. 6 committee. NBC reporter Peter Nicholas asked Pence at a Politics & Eggs breakfast on Tuesday if he is willing. The Jan. 6 committee has announced it will host more hearings after the congressional…

A air passenger confronted a UK politician in an airport after enduring a 30-hour flight delay, report says

People board an EasyJet flight at London Gatwick Airport. Gareth Fuller/PA Images via Getty Images A passenger confronted a UK politician in an airport about her 30-hour flight delay, per The Mirror. The passenger claimed in a tweet the delays and airline staffing shortage were “compounded” by Brexit. Michael Gove told her Brexit hadn’t triggered the…

Judge orders Trump legal adviser Jenna Ellis to testify in Georgia election probe

Jenna Ellis, a member of President Donald Trump’s legal team AP Photo/Jacquelyn Martin Trump’s legal advisor Jenna Ellis was ordered to testify if the Georgia probe. Ellis worked as Trump’ campaign attorney during and after the 2020 elections. Rudy Giuliani and Republican Sen. Lindsay Graham have also been ordered to testify in the probe.  …

Biden’s Education Department wants $24 million from a for-profit school accused of causing student debt to pile up for borrowers

J Pat Carter/Associated Press The Education Department announced a $24 million recoupment effort against DeVry University. The department accused DeVry of misleading students on job prospects from 2008 to 2015. DeVry said it received the notice and does “not agree with the conclusions” the department reached. President Joe Biden’s Education Department just took the first…

Former Trump White House chief of staff Mark Meadows played an early role in convincing Harriet Hageman to run against Liz Cheney

Former White House chief of staff Mark Meadows. AP Photo/Andrew Harnik Mark Meadows was a key player in encouraging Harriet Hageman to take on Liz Cheney, per Politico. Meadows surprised Hageman at a Wyoming donor breakfast last year, where he asked her to run. Hageman was later connected to Trump, who endorsed her now-successful GOP…