Investors are overlooking the risk to stocks from a sharp rise in real bond yields, Bill Gross says. The “Bond King” is skeptical the Fed will achieve 2% inflation and cut interest rates anytime soon. Gross warned the US economy relies on asset prices rising, putting it at risk if they don’t. Loading Something is… Continue reading Investors are ignoring a big threat to stocks – and putting too much faith in the Fed, ‘Bond King’ Bill Gross warns
Binance’s CEO says signing up another 100 million crypto users will be a big challenge until they can buy crypto with cash
Binance CEO says difficulties in converting fiat currencies like the dollar to crypto are a big hurdle to bring in the next 100 million users. “We’re seeing a lot of traditional institutions that used to provide fiat ramp channels pull away,” said Changpeng Zhao. Zhao was speaking at the crypto event Token2049 in Singapore. Loading… Continue reading Binance’s CEO says signing up another 100 million crypto users will be a big challenge until they can buy crypto with cash
Warren Buffett’s Berkshire Hathaway sells $158 million of HP stock in 3 days, taking its stake below 12%
Warren Buffett’s Berkshire Hathaway cashed out $158 million of HP stock in three days this week. The investor’s company still owns 11.7% of the PC maker, a position worth around $3.3 billion. HP stock hit a record high last year after Berkshire revealed its stake, but is down 32% since then. Loading Something is loading.… Continue reading Warren Buffett’s Berkshire Hathaway sells $158 million of HP stock in 3 days, taking its stake below 12%
The stock market bull run is in its ‘twilight’, Fidelity’s global macro head says
Despite a flat start to September, the S&P 500 index is still boasting impressive year-to-date gains. The benchmark stock-market gauge is up by over 16% so far in 2023, but one expert sees the rally losing steam. The secular bull market for equities is in its “twilight”, according to Fidelity Investments’ global macro head Jurrien… Continue reading The stock market bull run is in its ‘twilight’, Fidelity’s global macro head says
Investing in Fine Wine: Six Trends Affecting the Market
The wine industry blends more than just grapes. It combines traditional heritage and progressive transformation, continuously evolving to keep up with the modern world. However, its reliance on nature makes it unpredictable in certain aspects. What does remain certain: Even when wine production goes down, quality standards and prices continue to rise. From a trend… Continue reading Investing in Fine Wine: Six Trends Affecting the Market
Stock Market Today: Stocks Close Lower Ahead of August CPI Report
Stocks struggled for direction Tuesday as investors looked ahead to Wednesday’s critical inflation update and took in an onslaught of headlines from the tech sector. Notably, mega-cap tech stock Apple (AAPL) continued its recent price struggles as the company unveiled its latest line of iPhones at an annual product event. The bulk of today’s attention… Continue reading Stock Market Today: Stocks Close Lower Ahead of August CPI Report
Arm IPO: Should You Buy ARM Stock?
The hottest initial public offering (IPO) in years has thus far lived up to its hype. With the Arm IPO oversubscribed by a factor of 10, the British chip designer’s order book closed a day earlier than expected Tuesday. As the biggest upcoming IPO of 2023, Arm was bound to get more than its fair… Continue reading Arm IPO: Should You Buy ARM Stock?
‘iPhone spec updates are largely minor’: Here’s what Wall Street is saying about Apple’s iPhone 15 event
Apple unveiled its iPhone 15 and Apple Watch Series 9 on Tuesday, with the products set to launch next week. Wall Street’s reaction to Apple’s product announcements was mixed. “iPhone spec updates are largely minor with starting price maintained (ex-Pro Max), JPMorgan said. Loading Something is loading. Thanks for signing up! Access your favorite topics… Continue reading ‘iPhone spec updates are largely minor’: Here’s what Wall Street is saying about Apple’s iPhone 15 event
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