Selling on Wall Street resumed Wednesday, with the major benchmarks spending the entirety of the session in negative territory. In focus today were speeches from several Federal Reserve officials – especially following Fed Chair Jerome Powell’s message yesterday that indicated the central bank’s fight against inflation is far from over. The latest batch of earnings… Continue reading Stock Market Today: Stocks Fall After Fed Speeches
Fears of a US debt crisis are ‘imaginary’, and what the economy needs is more investment in critical infrastructure, economist says
A US debt crisis is an “imaginary” fear, and policymakers should focus on “real” problems, UC Berkeley economist Barry Eichengreen said. He stressed the importance of investment, which could stimulate the economy and lighten the debt burden. “Those who imagine an imminent debt crisis are making much ado about nothing.” Loading Something is loading. Thanks… Continue reading Fears of a US debt crisis are ‘imaginary’, and what the economy needs is more investment in critical infrastructure, economist says
The bond market’s classic recession indicator is still flashing. But it’s no longer worth worrying about, Goldman Sachs says
Economists tend to see an inverted US bond-yield curve as an indicator that a recession is coming. Yields on Treasury bonds remain inverted, which could be a classic recession warning. But it’s no longer worth worrying about the yield curve, according to Goldman Sachs. Loading Something is loading. Thanks for signing up! Access your favorite… Continue reading The bond market’s classic recession indicator is still flashing. But it’s no longer worth worrying about, Goldman Sachs says
Tesla is singlehandedly driving the highest retail investment into the stock market since 2020 as traders await Elon Musk’s master plan at the upcoming investor day
Tesla has driven a big rebound in the retail FOMO trade as its stock has doubled in five weeks.Retail investors’ aggregate inflows into the stock market have reached levels last seen in 2020 and 2021, according to Vanda Research.”Tesla continues to draw unprecedented retail flows” ahead of CEO Elon Musk’s master plan reveal, Vanda said.… Continue reading Tesla is singlehandedly driving the highest retail investment into the stock market since 2020 as traders await Elon Musk’s master plan at the upcoming investor day
Coinbase CEO points to rumors that the SEC could ban this popular crypto income-generating technique for US retail investors
Coinbase’s Brian Armstrong flagged rumors that the SEC may want to ban crypto staking for retail investors. Staking is a popular way for customers to earn yield in exchange for locking up their crypto assets. The SEC has repeatedly stated that most digital tokens could be regulated as securities. Loading Something is loading. Thanks for… Continue reading Coinbase CEO points to rumors that the SEC could ban this popular crypto income-generating technique for US retail investors
A top commodity trader is staring down a $577 million loss after discovering metal cargoes it bought were missing nickel, report says
Trafigura faces a $577 million loss on nickel shipments in what the company calls a systemic fraud, according to Bloomberg. The commodities trading giant discovered some of the metal cargoes it bought were missing nickel. Trafigura has launched a legal action against Indian businessman Prateek Gupta and connected companies. Loading Something is loading. Thanks for… Continue reading A top commodity trader is staring down a $577 million loss after discovering metal cargoes it bought were missing nickel, report says
Turkey halts stock market trading after $35-billion wipeout in earthquakes’ aftermath
Turkish stocks entered a technical bear market on Tuesday Author of the article: Bloomberg News Tugce Ozsoy and Taylan Bilgic Published Feb 08, 2023 • 3 minute read Join the conversation A trader talks on his phone inside the trading room of the Borsa Stock Exchange in Istanbul Turkey, June 25, 2018. Photo by Kostas… Continue reading Turkey halts stock market trading after $35-billion wipeout in earthquakes’ aftermath
Nasdaq’s 2023 ‘junk rally’ flies in the face of risky backdrop
Tech stock surge especially pronounced in riskiest corners of market, suggesting to some the potential for swift reversal Author of the article: Bloomberg News Ryan Vlastelica Published Feb 08, 2023 • 3 minute read Join the conversation A view of the exterior of the Nasdaq market site in Times Square in New York City. Photo… Continue reading Nasdaq’s 2023 ‘junk rally’ flies in the face of risky backdrop
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