Morning Bid: Waiting on Nvidia for next leg of AI rally

Goldman Sachs Group has updated its personal trading policy to ban employees from trading on event contracts related to specific companies, election outcomes or the performance of any financial market, Bloomberg reported Thursday (July 9). The policy also bans trading on event contracts having to do with the dates of ceasefires in conflicts, the price…

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Rising bond yields and oil prices put stocks under pressure this week, while another bout of volatility in the AI trade tested investors’ conviction in the market’s biggest growth theme. The S & P 500 and tech-heavy Nasdaq Composite snapped their three-week winning streaks, down roughly 1.43% and 2.05%, respectively. Meanwhile, the Dow Jones Industrial…

Brad Arends, CEO and co-founder of Intellicents, has been a long advocate for making financial planning a tax-free employee benefit just like healthcare, dental and 401(k) plans. He’s mostly advocating for personal reasons, believing it’s the right thing to do, and it makes him feel better. “If I were only a Triple F advisor or…

Some 34% of people who want to move into their next home say they feel stuck in their current property because it is too expensive, a bank’s research found. The Barclays Property Insights data showed that recent first-time buyers were already factoring in the potential cost of moving, with 41% saying they would try…

A mortgage vendor is suing one of its former executives for starting a competing company while employed and soliciting some of its bigger-name customers. Processing Content New Jersey-based Flatworld Mortgage Solutions sued Rajeev Kumar last week in a federal court, accusing its former executive vice president of breaching various employment agreements. Kumar, who claims he…