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Featured AlphaTack Intel Article
Lululemon’s Newest Bear Sees More Pain Ahead After 81% Rout
Lululemon Athletica Inc.’s turnaround won’t be a quick or easy fix as the athletic wear company cedes market share to rivals and suffers deepening sales declines, according to BMO Capital Markets, which initiated coverage of the stock this week with an underperform...
– AlphaTack Intel Articles –
Trump Demands Fed Lower Rates, Reviving Pressure Campaign
President Donald Trump intensified pressure on the Federal Reserve to lower interest rates, threatening to cut off trade with certain economies with which the US has a deficit if the central bank doesn’t act. Trump issued his demands Friday in a lengthy social media...
Radiant World Sent Lender Fake Glencore Deals, Lawsuit Says
Iron ore trader Radiant World used Glencore invoices that had already been paid, supported by fake contracts, in order to raise $31.7 million, a lender alleged in a filing to Singapore’s High Court. The disclosure — in papers filed by Singapore-based Incomlend Pte.,...
Fidelity: 769,000 savers have $1 million or more in their 401(k)
The first half of the year treated retirement savers well. The average 401(k) account balance with Fidelity Investments grew 10.5% in the second quarter from the end of March, a gain of 13.1% from a year earlier. Individual retirement account (IRA) balances jumped...
Mark Walter’s Insurers Ramped Up Borrowing From Home Loan Bank to $6 Billion
Insurers controlled by billionaire sports mogul Mark Walter, now under scrutiny for loaning more than $20 billion to other parts of his empire, have in recent years increasingly leaned on a source of low-interest financing set up to help US homebuyers. Walter’s two...
SEC Preps Plan to Widen Investor Access to Private Markets
The US Securities and Exchange Commission is eyeing a plan to expand access for retail investors to private markets and allow investment advisers to charge performance fees to a wider set of clients. The regulator’s planned proposal was received by the White House...
US 30-Year Bond Enters September on Worst Stretch Since 2006
Not since 2006 have yields on the longest-maturity Treasuries been this high for this long, with a gaping budget deficit, another wave of corporate issuance and a potentially decisive Federal Reserve meeting set to keep investors wary of US debt in coming weeks. The...