One day after Trump said Nancy Pelosi should be banned from stock trading, she said she’s open to it

Nancy Pelosi said on Thursday that she would consider proposals to ban stock trading by members of Congress, reversing the stance she took on the issue in December

The remarks also happened to come one day after former President Donald Trump advocated a ban on stock trading—for Pelosi.

“It’s not right. It’s not appropriate,” Trump told far-right news outlet Breitbart on Wednesday. “She should not be allowed to do that with the stocks…It’s not fair to the rest of this country,” he said.

Speaker Pelosi does not trade stocks herself, but many aspiring traders watch and copy the investments

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Student loan forgiveness: Major changes expected for borrowers

Millions of Americans feel trapped by student loan debt. Recent delays to repayment have some financial experts convinced major changes are coming for borrowers.

CHARLOTTE, N.C. — Millions of people struggle under the weight of students loans but the recent push to again extend the grace period for borrowers has some experts suggesting that even bigger relief could be coming down the pike. 

Student loans have long been frustrating, confusing and controversial but the latest twist could mean big changes for a lot of people. 

“We just have to see how it goes and roll with it,” Dr. Stacy Goldbaum

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Mastercard strikes NFT payments deal with Coinbase amid wave of crypto partnerships

A 3D printed Mastercard logo is seen in front of displayed stock graph in this illustration taken September 20, 2021.

Dado Ruvic | Reuters

Mastercard said Tuesday it inked a deal with Coinbase, the latest in a recent flurry of partnerships between payment and cryptocurrency giants.

As part of the agreement, Coinbase customers will be able to use Mastercard credit and debit cards to make purchases on the crypto exchange’s upcoming NFT marketplace. Coinbase unveiled late last year plans to launch the platform for minting and buying nonfungible tokens, which have exploded in popularity over the past 12 months.

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Nasdaq closes in correction territory on Wednesday

The Nasdaq Composite fell again on Wednesday, bringing its decline from its November high to more than 10% as investors continue to dump tech shares as interest rates spike to start the new year.

The technology-focused Nasdaq Composite dipped 1.15% to 14,340.26. Wednesday’s losses brought the index 10.7% off its most recent record close in November 2021.

The Dow Jones Industrial Average fell 339.82 points to 35,028.65, dragged down by a 3.1% decline in Caterpillar’s stock. The S&P 500 slid nearly 1% to 4,532.76.

The small-cap benchmark Russell 2000 lost 1.6% on Wednesday, closing at a 52-week low.

Stocks fluctuated

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Want a 54% to 244% Return? Try These Growth Stocks, Wall Street Says

The new year is still fresh, but the stock market is off to a bumpy start to 2022. The S&P 500 index, which is followed for its diverse array of sectors, has already fallen by 2.4% since Jan. 1. 

The technology sector has fared even worse, but that presents some opportunities given its history of, and potential for, high growth over the long term. Some individual tech stocks in particular have received a strong vote of confidence from Wall Street analyst firms for their innovative business models focused on driving the future. 

These two could supercharge your portfolio this year

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Top hedge fund manager warns that market ‘superbubble’ will burst

Jeremy Grantham, co-founder and chief investment strategist of Grantham, Mayo, & van Otterloo (GMO) said in a report called “Let the Wild Rumpus Begin” that stocks are now in the midst of a “superbubble,” that it won’t end well.

Grantham, who has been running the firm’s investments since it was started in 1977, was similarly bearish at market tops in 2000, and during the Great Financial Crisis of 2008.

“Good luck! We’ll all need it,” said Grantham, whose firm manages about $65 billion in assets.

He noted that US stocks have experienced two such “superbubbles” before: 1929, a market fall
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Cryptocurrency data centers eye North Dakota for its cold winters | Bismarck

North Dakota’s bitterly cold winters make for the ideal setting desired by a new industry eyeing the state: cryptocurrency.

Interest has picked up over the past year in locating data centers within North Dakota. Such facilities consist of computer servers that can be used for a variety of purposes, including to mine digital money in the case of some of the companies considering the state.

Data centers generate a lot of heat. They tend to require a significant amount of power and cooling equipment to function well.

“Every time I talk to a utility and mention data centers, they say,

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Japanese shares track Wall Street lower; Toyota, Sony decline

TOKYO, Jan 19 (Reuters) – Japanese shares fell on Wednesday, dragged down by Sony Group, Toyota Motor and other market heavyweights, tracking Wall Street’s weak finish overnight.

The Nikkei share average (.N225) fell 1.5% to 27,828.60 by 0135 GMT, after losing as much as 2% earlier, while the broader Topix (.TOPX) lost 1.54% to 1,947.94.

Wall Street’s main indexes fell sharply overnight, as weak results from Goldman Sachs weighed on financial stocks and tech shares continued their sell-off as U.S. Treasury yields rose to milestones.

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“Japanese shares fell across the board

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Goldman Sachs, Procter & Gamble, United Airlines, and Netflix in focus

The following is a list of earnings slated for release January 17-21, along with a few previews. A number of big companies will report earnings in the week ahead, including Goldman Sachs and Bank of America, Procter & Gamble, Netflix, and a number of transportation companies. Investors will carefully monitor the latest news on the rapidly spreading Omicron coronavirus variant to see how it affects earnings in 2022.

  • Monday (January 17)

  • Tuesday (January 18)

  • Wednesday (January 19)

  • Thursday (January 20)

  • Friday (January 21)

Earnings Calendar For The Week Of January 17

Monday (January 17)

No major earnings

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Is the market crashing? No. Here’s what’s happening to stocks, bonds as the Fed aims to end the days of easy money, analysts say

As the stock market has convulsed lower and yields for bonds have surged in recent weeks, culminating in a so-called correction for the Nasdaq Composite Index, average Americans are wondering what’s amiss with Wall Street.

Increasingly, Google searches have been focused on the state of the market (and the economy), and for a good reason.

The Dow Jones Industrial Average
DJIA,
-1.30%
posted its worst weekly loss since October of 2020 and the S&P 500
SPX,
-1.89%
and Nasdaq Composite
COMP,
-2.72%
logged their worst weekly percentage drops since March 20, 2020, according to Dow Jones Market Data shows.

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