Financial

On January 31, 2022, an Oppenheimer & Co. customer was awarded $1.4 million in compensatory damages for their losses in the Horizon Private Equity III fund. This case stemmed from the filing of FINRA arbitration case 22-00866, which investigated Oppenheimer & Co.’s sale of the Horizon Private Equity III fund. What is Oppenheimer & Co.? …

Oppenheimer & Co. Faces FINRA Arbitration Case Over Alleged Investment Fraud Read More »

As a result of the stress brought on by rising automobile prices and persistent inflation, an increasing number of consumers are falling behind on their auto loan payments, a trend that financial analysts fear will continue. At the outbreak’s onset, when Americans received stimulus packages and lenders were more lenient with individuals who were behind …

Car Repos Signal Bad Economy Read More »

China’s top state planner has stated that the country’s economy will likely improve, but “arduous efforts” are required to maintain the rebound in growth due to an unfavorable external environment and the loss of momentum in the global economy. The comments were made on Friday after dismal November economic activity data was released. Expectations are …

China Pushes Hard to Restart Its Economy Read More »

Despite Fannie Mae’s prediction of a slump in the U.S. economy in 2019, the company is optimistic that growth will resume by 2024. (iStock) The most recent economic forecast from Fannie Mae predicts a slight decline for the U.S. economy in 2023, but that it will be on the mend by the following year. The …

Fannie Mae Optimistic About 2024 Read More »

Wednesday’s benchmark interest rate increase by the Federal Reserve was a quarter of a point. Plans for aggressive “ongoing increases,” in the months ahead, were laid out by the Federal Reserve. The Fed plans to abandon its two-year-old stimulative policy stance, which helped cushion the economy during the pandemic. The Fed sees its policy rate at …

Fed Agrees to Raise Rates Read More »

Amazon.com Inc’s (NASDAQ: AMZN) shares rose 6.3% following the announcement of a huge stock split. This makes Amazon.com Inc’s equity more attractive for investors after a 25-year-old surge in its value. This 20-for-1 stock split by the company is its first since 1999. It also includes a $10 billion share purchase back. This follows a similar …

Amazon Stock Surges After Split Announcement Read More »