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By Staff Reporters
SPONSOR: http://www.MarcinkoAssociates.com
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- Big banks are sitting on $650 billion of unrealized losses, Moody’s has estimated.
- It’s a sign even Wall Street’s best-known names are feeling the heat from the Treasury-market rout.
- Crashing bond prices sank Silicon Valley Bank earlier this year, and there may be more chaos to come.
CITE: https://www.r2library.com/Resource
Yet, the billionaire Larry Fink says investors should be 100% in equities right now if they can handle it? Can you?
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Amazon.com is turning to Prime members to bolster its healthcare business, an industry where the company has sought to expand for years. The tech giant just revealed plans to offer its millions of Amazon Prime subscribers a low-cost annual membership to One Medical, the primary-care business Amazon purchased for $3.9 billion earlier this year. Amazon says Prime subscribers can now become One Medical members for $9 a month, or $99 a year. The typical cost to become a One Medical member is $199 annually.
Clinic: https://medicalexecutivepost.com/2022/12/01/amazon-healthcare-act-ii/
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The S&P 500 continued to an eighth positive day, building on its longest hot streak in two years, while the Dow inched downward, ending its best run since July. Warner Bros. Discovery suffered its worst day since March 2021 after reporting that although Barbie raked in $1.5 billion for the company, it still lost money last quarter.
Here is where the major benchmarks ended:
- The S&P 500 Index was up 4.40 points (0.1%) at 4,382.78; the Dow Jones Industrial Average was down 40.33 points (0.1%) at 34,112.27; the NASDAQ Composite was up 10.56 points (0.1%) at 13,650.41.
- The 10-year Treasury note yield (TNX) was down about 6 basis points at 4.511%.
- CBOE’s Volatility Index (VIX) was down 0.36 at 14.45.
Retailers and banks were among the weakest performers Wednesday. Energy stocks also slipped in step with WTI crude oil futures, which touched a 3½-month low of under $75 a barrel on escalating concern over global demand. Real estate was one of the few sectors to rise Wednesday.
The U.S. dollar index (DXY) rose to a seven-week high earlier in the day before fading.
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Filed under: Alternative Investments, Financial Planning, Funding Basics, Glossary Terms, Investing, LifeStyle | Tagged: Amazon, Amazon Healthcare, banks, crude oil, DJIA, DXY, energy, gold, inflation, Larry Fink, markets, Moody's, NASDAQ, oil, One Medical, Russell Index 2000, S&P 500, Silicon Valley Bank, treasury market, US dollar index, WTI | Leave a comment »
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