Stocks opened higher Friday but quickly reversed course after news emerged that Republican lawmakers and White House officials had reached an impasse in debt ceiling negotiations. These headlines overshadowed a relatively dovish speech from Federal Reserve Chair Jerome Powell, with the three main benchmarks ending the day in the red. Heading into today, stocks… Continue reading Stock Market Today: Stocks Turn Lower Amid Debt Ceiling Setback
Is the dollar’s role as the top currency safe? Kiplinger Economic Forecasts
The dollar is one of the centerpieces of not just the U.S. economy but the world economy too, and our highly-experienced Kiplinger Letter team will keep you abreast of the latest developments and forecasts (Get a free issue of The Kiplinger Letter or subscribe) for the dollar. You will get all the latest news first… Continue reading Is the dollar’s role as the top currency safe? Kiplinger Economic Forecasts
Cannabis Industry Updates From Capitol Hill: This Week in Cannabis Investing
As investors in cannabis, Poseidon has a rich history of hitting the road and applying a boots-on-the-ground approach. We enjoy meeting with people, seeing local market dynamics, and investigating new opportunities. This week’s trip to Washington, D.C. proved to be highly informative and productive as we met with various trade groups and senators. It’s been… Continue reading Cannabis Industry Updates From Capitol Hill: This Week in Cannabis Investing
AI is in a ‘baby bubble’ that echoes the dot-com era, and one move could easily blow up the investment frenzy ignited by ChatGPT
AI is in a “baby bubble” for now, Bank of America said Friday. What could burst the bubble is the Fed pausing rate hikes and then restarting the cycle. BofA said the dot-com blow-up in the early 2000s had roots in the Fed restarting policy tightening in 1999. Loading Something is loading. Thanks for signing… Continue reading AI is in a ‘baby bubble’ that echoes the dot-com era, and one move could easily blow up the investment frenzy ignited by ChatGPT
Vanguard’s trillion-dollar man leads a fixed-income revolution
Controls nearly as much U.S. debt as China Author of the article: Bloomberg News Ye Xie and Liz Capo McCormick Published May 10, 2023 • Last updated May 10, 2023 • 6 minute read Vanguard Group Inc.’s US$1 trillion bond indexing business for the Americas grew in size in the wake of the recent U.S.… Continue reading Vanguard’s trillion-dollar man leads a fixed-income revolution
China’s latest crackdown further unnerves foreign business
At odds with attempts to lure capital into an economy showing increasing signs of strain Author of the article: Bloomberg News Bloomberg News Published May 10, 2023 • Last updated May 10, 2023 • 5 minute read Chinese president Xi Jinping is cracking down on perceived threats to national security, moves which are conflicting with… Continue reading China’s latest crackdown further unnerves foreign business
Fast-money quants, human traders most split on stocks since 2019
Bullish relative to stock pickers Author of the article: Published May 09, 2023 • Last updated May 09, 2023 • 2 minute read Not since 2019 have quants been this bullish relative to stock pickers. Photo by Regis Duvignau/Reuters As evidence of how hard it is to get a handle on markets right now, consider… Continue reading Fast-money quants, human traders most split on stocks since 2019
6 ways to make more income from your investments
Downside from here is much smaller than upside Published May 09, 2023 • Last updated May 09, 2023 • 5 minute read A monitor with stock market information on the floor of the New York Stock Exchange. Photo by Michael Nagle/Bloomberg files There are some unique opportunities in every investment market, and we’re not talking… Continue reading 6 ways to make more income from your investments
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