cash

Stocks to Buy for Cash Flows Despite Fed Rate Hikes: Goldman Sachs

Higher interest rates mean a grimmer economic outlook and a further drag on the stock market.  Goldman Sachs lowered its 2022 projection for the S&P 500.  The firm says quality, short-duration stocks will outperform long-duration.  On Wednesday, the Federal Open Market Committee raised its key interest rate by 75 basis points for a third straight …

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Buy these ‘free cash flow favorites’ as the S&P 500 prepares to test June lows

As investors prepare for equities to possibly retest their lows of the year, Evercore ISI has lowered its target on the S & P 500 and said traders should look to buy shares of companies with strong cash flow. Markets have tumbled this week on fears the Federal Reserve’s commitment to aggressive rate hikes through …

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Rivian Pops On Mercedes-Benz EV Van Deal; Cash Burn Still A Worry: Analyst| Investor’s Business Daily

Electric-vehicle startup Rivian Automotive (RIVN) and German automaker Mercedes-Benz have signed a memorandum of understanding to make large electric vans for each of its brands, according to a joint statement Thursday. RIVN stock jumped on the news. X The companies intend to open a new factory in Central/Eastern Europe, where Mercedes-Benz has an existing site. The …

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EV makers face cash squeeze amid soaring battery, production costs

Production of electric Rivian R1T pickup trucks on April 11, 2022 at the company’s plant in Normal, Ill.Michael Wayland / CNBCIn the transition from gas-powered vehicles to electric, the fuel every automaker is after these days is cold hard cash.Established automakers and startups alike are rolling out new battery-powered models in an effort to meet …

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China unexpectedly cuts 2 key rates, withdraws cash from banking system

Headquarters of the People’s Bank of China (PBOC), the central bank, is pictured in Beijing, China September 28, 2018. REUTERS/Jason LeeRegister now for FREE unlimited access to Reuters.comRegisterSHANGHAI, Aug 15 (Reuters) – China’s central bank unexpectedly cut a key interest rate for the second time this year and withdrew some cash from the banking system …

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The ‘lipstick index’ is back — and retailers are trying to cash in

Target has added new brands to its beauty department. At a growing number of stores, it also has mini Ulta Beauty shops with prestige brands.Melissa Repko | CNBCAs prices creep up, some people have decided against getting a new outfit, delayed big purchases like TVs or cancelled Netflix accounts.But for now, they’re still splurging on …

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Tornado Cash crackdown by Treasury punishes honest crypto investors

A tornado is seen on a field in D’arcy, Saskatchewan, Canada June 15, 2021.Neil Serfas | via ReutersThe Treasury Department’s crackdown on Tornado Cash was meant to stop criminals. But a lot of ordinary crypto investors with honest intentions are now at risk.”Every U.S. person is going to have to be very careful about transacting …

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Tornado Cash: US Treasury sanctions cryptocurrency ‘mixer’ allegedly used by North Korea for money laundering

According to a senior Treasury official, Tornado Cash has reportedly laundered more than $7 billion in virtual currency since its launch in 2019, including $455 million from the Lazarus Group, a North Korean state-sponsored hacking group. It was also used as recently as last week to launder money from a “heist” of Nomad, a US …

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Flush with cash, Pfizer buys Global Blood Therapeutics in $5.4 bln deal

Aug 8 (Reuters) – Pfizer Inc on Monday agreed to pay $5.4 billion in cash for sickle cell disease drugmaker Global Blood Therapeutics (GBT.O), as it looks to capitalize on a surge in revenue from its COVID-19 vaccine and treatment.Pfizer will pay $68.50 per GBT share, which represents a 7.3% premium to its Friday closing …

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GE Stock Rises As GE Earnings Unexpectedly Jump, Free Cash Flow Positive

GE stock rose early Tuesday as General Electric (GE) reported an unexpected rise in second-quarter profit and defying views for further cash burn. Before the open, GE stock rose, signaling a move above a key level. X GE Earnings Estimates: The industrial icon was expected to post a 6.5% EPS decline to 37 cents, according …

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