hexagon, diamond, honeycomb structure-1743514.jpg

Today in the Market (4/14/2022)

Good Evening. Investors digested a flurry of bank reports and reeled from fresh red-hot CPI statistics as U.S. stocks sank Thursday, capping another dismal week on Wall Street.

The S&P 500 and the tech-heavy Nasdaq both fell 1.21% and 2.14%, respectively, to four-week lows. The Dow Jones Industrial Average fell 0.33% percent after making a small gain earlier in the session. Meanwhile, Treasury yields rose, with the 10-year benchmark hitting 2.80%, its highest level in a week.


Citigroup (C) first-quarter profit fell 46% due to provisions for Russia-related losses, a drop in underwriting fees, and more significant expenses.

The banking behemoth increased its reserves by $1.9 billion in the third quarter to brace for losses from direct Russian exposures and the economic impact of the country’s war in Ukraine. Citi is the most international of the American banks. Credit expenses rose to $755 million as a result of the decision, compared to a $2.1 billion benefit a year ago when loss reserves built up during the COVID-19 epidemic were released.

Citi cut its Russian exposure to $7.8 billion, down from $9.8 billion in December, and lowered its worst-case loss estimate to no more than $3 billion, down from over $5 billion last month.

In the meantime, net income dropped to $4.30 billion, or $2.02 per share, from $7.94 billion, or $3.62 per share, a year before.

As of closing, Citi ended up 1.17% at $50.93 per share


hexagon, diamond, honeycomb structure-1743514.jpg

According to a new SEC filing on Thursday, Tesla (TSLA) CEO Elon Musk has proposed to buy Twitter (TWTR) for $54.20 per share, or $41 billion in cash. Musk stated that in order to make substantial improvements, the social media firm he has frequently criticized must become private.

Musk’s offer represents a 38% premium over Twitter’s closing price on April 1, the last trading day before the billionaire announced his purchase of a 9.2% interest in the firm.

“I invested in Twitter as I believe in its potential to be the platform for free speech around the globe, and I believe free speech is a societal imperative for a functioning democracy,” Musk wrote in a letter to Twitter Chairman Bret Taylor, as disclosed in the filing. “However, since making my investment I now realize the company will neither thrive nor serve this societal imperative in its current form. Twitter needs to be transformed as a private company.”

“My offer is my best and final offer and if it is not accepted, I would need to reconsider my position as a shareholder,” he added. “Twitter has extraordinary potential. I will unlock it.”

As of closing, Twitter was up 1.35% at $45.08 per share

Scroll to Top

Where Are You On Your Investment Journey?




All investors are unique.  The above characteristics are examples, but may not reflect your particular investor demographics or situation.  An advisor with Edgar Investment Management, LLC will assist you with finding the best type of account for you. 

Investment advisory services are offered through Edgar Investment Management, LLC, an investment advisor registered with the State of Texas. Edgar Investment Management, LLC only offers investment advisory services where it is appropriately registered or exempt from registration and only after clients have entered into an investment advisory agreement confirming the terms of engagement and have been provided a copy of the firm’s ADV Part 2A brochure document.

The content found on this website is developed from sources we believe provide accurate information and is for educational purposes only. The information on this website is not intended as tax or legal advice. Everyone’s tax and legal situation is different, so please consult trusted and knowledgeable legal or tax professionals for specific information regarding your individual situation. The opinions expressed and material provided on this website are for general information, and should not be considered a solicitation for the purchase or sale of any security.

Material and information found on this website is not intended as an offer or solicitation for the sale or purchase of any specific security, mutual fund, ETF, bond, or investment strategy.  

Investing is risky!  No guarantee as to performance of any investment is implied by this website.  Make sure you have evaluated your options and spoken with trained professionals before you implement any investment strategy.  Past performance is not indicative of future results.  

Please be advised that Edgar Investment Management, LLC is a financial advisory firm specializing in investment management and financial planning services. We do not offer or provide any CPA-related services, including tax preparation, tax planning, or other accounting services. If you require assistance with tax-related matters, we recommend consulting a qualified CPA or tax professional who can provide specialized advice tailored to your individual needs.

Edgar Investment Management, LLC is not a Public Accounting firm.


Contact Us

Best time(s) to contact you?
Best method(s) to contact you?

Contact Us

Best time(s) to contact you?
Best method(s) to contact you?

We would love to hear from you! Please fill out this form and we will get in touch with you shortly.

  • About You

    Tell us a little about yourself. Don't be shy. Let's be friends.
  • How Can We Reach You?

    We would love to chat with you. How can we get in touch with you?
  • What's on your mind?

How much do you want to invest?