Investors Pull Record $42 Billion From Stocks for Tax-Loss Harvesting

Investors pulled a record $41.9 billion from equities last week to engage in tax-loss harvesting, Bank of America said Friday. Tax-loss harvesting is a strategy to lower investment taxes that involves selling securities at a loss to offset capital gains. BofA said investors in the past week also pulled out $10 billion from bonds. Loading …

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A New Type Of Oil And Gas Funding Is Booming

As banks have pulled back from financing oil and gas operations and other traditional sources of financing such as equity investment or reserve-based lending (RBL) facilities are drying up, private US oil and gas producers are looking at a booming market for alternative fundin. That’s the proved developed producing (PDP) securitization, in which an oil …

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Why is there so much chaos at airports? Airlines, not airports are to blame for the holiday travel chaos: Expert

The major strain that’s been impacting Canadian airlines this year as people started traveling again has been nothing compared to this past week of holiday season chaos.Cancelled flights, endless lines, mountains of missing baggage and passengers stranded for days appear to be the norm at most Major airports across the country. It’s left many wondering: …

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Sam Bankman-Fried found ‘chilling’ in JFK airport lounge on $250M bail bond

The momentary arrest of former FTX CEO Sam Bankman-Fried (SBF) can be attributed to the efforts taken by the crypto community to aid investigations and track down the whereabouts of the infamous entrepreneur. While SBF eventually escaped prison time via a $250 million bail bond, the community continues to monitor his every move publicly. Just …

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Markets Are Wrong On Fed Rate Hikes, Morgan Stanley’s Caron Says

(Bloomberg) — Markets aren’t prepared for how far US central bankers are willing to go to tame the hottest inflation in a generation, according to Morgan Stanley’s Jim Caron. Most Read from BloombergEven though Federal Reserve officials are predicting raising interest rates above 5% next year, traders continue to underprice the future path of policy …

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5 Most Advanced Countries in Africa – Insider Monkey

5 Most Advanced Countries in Africa Insider Monkey12 Most Advanced Countries in Africa Yahoo FinanceRwanda is world’s most innovative low-income economy – report africanews10 Most Technologically Advanced Countries in the World in 2022 Insider Monkey25 Most Technologically Advanced Countries in the World in 2022 Yahoo FinanceView Full Coverage on Google News

Netflix Customers Could Face Criminal Charges For Sharing Their Password

Netflix customers may soon face criminal charges for sharing their password next year. The popular streaming service is planning to put an end to password sharing beginning in early 2023, according to The Wall Street Journal. Netflix has been exploring ways to crack down on it for some time, and this is the first official …

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Survey: Here’s When Pros See The Next Bull Market Arriving

Stocks fell relentlessly through most of 2022, as the Federal Reserve promised to raise interest rates aggressively to fight runaway inflation — and followed through with hawkish action. Now with short-term rates above long-term rates — a so-called yield curve inversion — experts are predicting further weakening in the economy. While a recession has yet …

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New York Con Edison Customers Urged to Converse Energy Amid Winter Freeze – NBC New York

Two major utility companies asked customers to cut back late Saturday amid the holiday weekend’s punishing below-freezing temperatures and strain on demand. Con Edison and National Grid released alerts late Christmas Eve asking for cutbacks in gas and electricity use by its customers in New York. “The call for conservation covers Con Edison’s 1.1 million …

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