US stocks moved higher on Monday as the US dollar fell by the most in two weeks.Investors are getting more hopeful about a potential soft landing after comments from Treasury Secretary Janet Yellen.Ongoing progress on inflation suggests the Fed will pause its interest rate hikes later this month. Loading Something is loading. Thanks for signing… Continue reading US stocks rise as the dollar falls by the most in 2 weeks
Ethereum co-founder Vitalik Buterin’s X account was hacked and followers were duped out of $700,000 for fake NFTs
Ethereum co-founder Vitalik Buterin had his X account hacked, with hackers posting a malicious link. The link resulted in the theft of $691,000 from some of his 4.9 million users who followed it on his page. The post was a fake announcement of a new non-fungible token series. Loading Something is loading. Thanks for signing… Continue reading Ethereum co-founder Vitalik Buterin’s X account was hacked and followers were duped out of $700,000 for fake NFTs
The S&P 500 could crash nearly 50% as a brutal recession takes hold, veteran technical analyst warns
Stocks could crash nearly 50% as a severe recession sets in, Milton Berg has warned. The veteran technical analyst flagged investor complacency and more banking woes as risk factors. Berg expects the S&P 500 to plunge below its level in October and approach its pandemic lows. Loading Something is loading. Thanks for signing up! Access… Continue reading The S&P 500 could crash nearly 50% as a brutal recession takes hold, veteran technical analyst warns
China vows to support yuan through crisis, bouncing the embattled currency from a 16-year low
The Chinese yuan dropped to a 16-year low versus the dollar on Friday amid economic headwinds. The currency bounced Monday after China’s central bank moved to stabilize the currency. The PBOC’s intervention pushed the yuan 1% higher Monday morning, its biggest gain since March. Loading Something is loading. Thanks for signing up! Access your favorite… Continue reading China vows to support yuan through crisis, bouncing the embattled currency from a 16-year low
5 bearish risks hanging over the stock market, and a bullish response to each one
More bricks are being added to the proverbial “wall of worry” on Wall Street, according to Bank of America. The bank highlighted five risks hanging over the stock market, and offered a bullish response to each one. “We debunk these risks and continue to find more attractive opportunities in stocks than bonds.” Loading Something is… Continue reading 5 bearish risks hanging over the stock market, and a bullish response to each one
These are the 5 bearish risks hanging over the stock market, and a bullish response to each one
More bricks are being added to the proverbial “wall of worry” on Wall Street, according to Bank of America. The bank highlighted five risks hanging over the stock market, and offered a bullish response to each one. “We debunk these risks and continue to find more attractive opportunities in stocks than bonds.” Loading Something is… Continue reading These are the 5 bearish risks hanging over the stock market, and a bullish response to each one
Arm and Instacart’s splashy IPOs won’t be enough to revive a market in a slump reminiscent of the dot-com bust
Arm is looking to land a $52 billion valuation as it plans its IPO this month, while Instacart is also planning a multi-billion dollar debut. IPO and startup experts, however, don’t anticipate the splashy launches to revive the muted market. One Wharton academic compared the current landscape to the years following the bursting fo the… Continue reading Arm and Instacart’s splashy IPOs won’t be enough to revive a market in a slump reminiscent of the dot-com bust
Experts are split on whether stocks will beat the ‘September Effect’ – Ed Yardeni warns of pain while Bank of America sees room for gains
September is historically considered the worst month of the year for stocks, in what is known as the “September Effect.” But this year, market experts appear divided over whether US equities will repeat the pattern or defy it. Here’s where 5 top voices see stocks heading in September and ahead. Loading Something is loading. Thanks… Continue reading Experts are split on whether stocks will beat the ‘September Effect’ – Ed Yardeni warns of pain while Bank of America sees room for gains
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