Stock Market Today: Apple Stock Hits New High as WWDC Kicks Off

The main indexes made modest moves to start the new week following last Friday’s red-hot reaction to the May jobs report.  Market participants are now looking ahead to the May consumer price index (CPI) – due out ahead of the June 13 open – as the last big data point to be released before the… Continue reading Stock Market Today: Apple Stock Hits New High as WWDC Kicks Off

Combat a Possible Recession with Digital Fractional Real Estate Investing

In a recent Gallup survey, retirement outlook hit an 11-year low, with 57% of non-retired respondents expressing concerns that they wouldn’t have enough money to be comfortable when they stop working. The high cost of living, banking sector turmoil, and the risk of recession have clouded Americans’ retirement prospects. Amidst today’s economic uncertainty, it’s vital… Continue reading Combat a Possible Recession with Digital Fractional Real Estate Investing

De-dollarization signs are emerging as the greenback slides in currency reserves, JPMorgan says

Signs of de-dollarization are showing in FX and central bank reserves, JPMorgan said. But the dollar remains the dominant currency in global transactions. “Some signs of de-dollarization are emerging; this trend is likely to persist but USD should maintain its large footprint for the foreseeable future.” Loading Something is loading. Thanks for signing up! Access… Continue reading De-dollarization signs are emerging as the greenback slides in currency reserves, JPMorgan says

US house prices may slide as their recent strength and steeper mortgage rates hit demand, Wharton professor Jeremy Siegel says

Home prices may fall as recent gains and higher borrowing costs restrain demand, Jeremy Siegel says. The retired Wharton professor noted mortgage rates have ticked up to about 7% in recent days. Siegel welcomed a “truly Goldilocks situation” for stocks as the threat of further rate hikes fades. Loading Something is loading. Thanks for signing… Continue reading US house prices may slide as their recent strength and steeper mortgage rates hit demand, Wharton professor Jeremy Siegel says

Coinbase plunges 18% after the SEC sues the crypto exchange for breaking US securities laws

Coinbase stock plunged 21% on Tuesday after the SEC sued the company and alleged it operates as an unregistered exchange.The lawsuit comes one day after the SEC sued Binance for running an unregistered crypto exchange.”Coinbase’s alleged failures deprive investors of critical protections, including rulebooks that prevent fraud and manipulation,” SEC chairman Gary Gensler said. Loading… Continue reading Coinbase plunges 18% after the SEC sues the crypto exchange for breaking US securities laws

There’s no threat to the dollar’s global dominance and central banks are still banking the US currency ‘like nobody’s business,’ Chamath Palihapitiya says

The dollar’s dominance is under no threat, according to SPAC king Chamath Palihapitiya. The venture capitalist pointed to the dollar’s widespread and stable use as a foreign reserve currency. That means the greenback is likely to stay dominant in global markets, he said on the “All-In Podcast.” Loading Something is loading. Thanks for signing up!… Continue reading There’s no threat to the dollar’s global dominance and central banks are still banking the US currency ‘like nobody’s business,’ Chamath Palihapitiya says

The SEC sues Coinbase for violating securities regulations

The SEC on Tuesday sued Coinbase, the largest US crypto exchange, with violating securities laws.  The suit comes one day after the regulator sued Binance and its CEO, Changpeng Zhao.  Coinbase stock fell as much as 21% on the day. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized… Continue reading The SEC sues Coinbase for violating securities regulations