The futures traded lower as we get set to end a roller-coaster week that saw a huge rally Wednesday after the Fed Chair’s speech, and then the euphoria wore off Thursday and the sellers took advantage of the big gains over the past month. The major indexes closed mixed, with only the Nasdaq ending higher on Thursday after the ISM […]

Italian lawmakers have proposed in the budget bill to encourage taxpayers to declare their crypto assets as of Jan. 1, 2023, and pay a 14% tax, according to Bloomberg. The move comes as a part of Italy’s plan to tighten digital assets regulation and increase taxes on crypto gains next year. Italy’s New Budget Bill Proposes Extending Taxes on Crypto […]

Cyber Monday is the shopping day for those that may oppose going to brick-and-mortar retail outlets on Black Friday. This year, despite surging inflation, poor consumer sentiment and a host of other issues, the final numbers for the online shopping spree came in above expectations at $11.3 billion, up 5.8% over 2021. It should be noted that last year marked […]

Markets inched higher on Tuesday, with each of the major indexes barely edging out a gain after the opening bell. All this comes after incredible sales coming off the holiday weekend. Cyber Monday contributed a great deal to this as well. According to Reuters, Cyber Monday sales topped about $11.3 billion, which secures the top spot for the biggest U.S. […]

Warren Buffett is considered the greatest long-term investor of all time. Also known as the Oracle of Omaha, Buffett still runs Berkshire Hathaway even at the age of 92. Buffett, a son of a U.S. congressman, first bought shares at age 11 and first filed taxes at age 13. Buffett, who has a net worth of almost $110 billion presently, […]

The three major U.S. equity indexes closed higher on Wednesday. The Dow ended the day up 0.28%, the S&P 500 closed 0.59% higher, and the Nasdaq Composite closed up 0.99%. Ten of 11 sectors closed higher, with consumer cyclicals (up 1.33%) and communication services (up 1.22%) posting the biggest gains. Energy stocks (down 1.16%) were the day’s only losers. The […]

Rarely spoken about, Litecoin (LTC) cryptocurrency is making a comeback. At a time when the FTX contagion is filling headlines, and bear market winds are strong, Litecoin rallied by +25% over the week, while Bitcoin is in the negative territory at -1.3%. Litecoin is now ranked 13th by market cap, at $5.6 billion, sandwiched between Dai and Shiba Inu, surpassing […]

New York Attorney General Letitia James asked US lawmakers to ban crypto investments in individual retirement accounts (IRAs) and retirement plans like 401(k) and 457, she wrote in a letter to Congress. James emphasized the need to protect US workers’ retirement funds from high-risk crypto assets, particularly after the recent market turmoil. NY AG Asks Congress to Reject Two Proposed […]

Fintel reports that Jones Mark Evan has filed a 13D/A form with the SEC disclosing ownership of 14,958,039 shares of Goosehead Insurance Inc (GSHD). This represents 40.31% of the company. In their previous filing dated October 21, 2022 they reported 15,376,086 shares and 41.54% of the company, a decrease in shares of 2.72% and a decrease in total ownership of […]

Fintel reports that Mhr Fund Management Llc has filed a 13D/A form with the SEC disclosing ownership of 20,198,615 shares of Lions Gate Entertainment Corp. (LGF.A). This represents 24.22% of the company. In their previous filing dated May 6, 2020 they reported 19,309,564 shares and 23.07% of the company, an increase in shares of 4.60% and an increase in total […]