It looked like the market’s luck was going to run out Friday as fourth-quarter earnings season kicked off. Stocks opened deep in negative territory after several big banks reported Q4 results. However, the major benchmarks reversed course thanks to a solid reading on consumer sentiment, extending their daily win streaks. JPMorgan Chase (JPM (opens in… Continue reading Stock Market Today: Stocks Swing Higher After Consumer Sentiment Data
Jay-Z and TPCO Restructure Partnership: This Week in Cannabis Investing
Green shoots come in different contexts in cannabis – and recent news from TPCO Holding (GRAMF (opens in new tab)) and Jay-Z, its chief visionary officer, is just one example. We typically note the state level action, but there are plenty of opportunities for businesses to make good strides. We have seen wholesale price compression… Continue reading Jay-Z and TPCO Restructure Partnership: This Week in Cannabis Investing
5 Investing Alternatives for Conservative Investors
The year 2022 was a bit of a doozy for both stock and bond investors, with both stocks and bonds experiencing double-digit losses for the year, something that is incredibly rare. While maintaining a diversified portfolio and staying the course is critical for a long-term investor’s success, the following five investing alternatives could help those… Continue reading 5 Investing Alternatives for Conservative Investors
US stocks rise to finish best week since November as major banks warn of tough times ahead
Jennifer Sor Goldman Sach’s gives its list of high Sharpe ratio stocks. Andrew Kelly/Reuters US stocks rose on Friday and finished off their best week since November. All three indexes gained despite warnings from major banks of tough times ahead. JPMorgan, Citigroup, and Bank of America have forecast a mild recession to hit the economy… Continue reading US stocks rise to finish best week since November as major banks warn of tough times ahead
Wharton professor Jeremy Siegel says stocks are on the cusp of a new bull market
Wharton professor Jeremy Siegel believes the stock market is on the cusp of a new bull market.Siegel thinks most of Wall Street is too bearish on stocks as they expect a big sell-off in the first half of 2023.”When everyone is on one side, they’re usually wrong,” Siegel told CNBC on Friday. Loading Something is… Continue reading Wharton professor Jeremy Siegel says stocks are on the cusp of a new bull market
Alameda liquidators just lost $72,000 on a DeFi lending platform while trying to recover funds for creditors, analytics firm says
Alameda liquidators lost $72,000 worth of crypto while trying to recover funds, per a report from Arkham Intelligence. These assets will no longer be recoverable for creditors. The restructuring team has retrieved $5 billion worth of liquid assets so far, attorneys said on Wednesday. Loading Something is loading. Thanks for signing up! Access your favorite topics… Continue reading Alameda liquidators just lost $72,000 on a DeFi lending platform while trying to recover funds for creditors, analytics firm says
Tesla’s price cuts will cause earnings to plunge 25%, but the EV maker is repairing its brand for long-term gain, Loup’s Gene Munster says
Tesla’s price cuts will cause earnings to dive 25% this year, according to Loup’s Gene Munster. But the move could be favorable with consumers and heal brand issues stemming from Elon Musk. “It’s a win for consumers and Tesla’s brand. Tesla is going to gain market share near term,” Munster said. Loading Something is loading.… Continue reading Tesla’s price cuts will cause earnings to plunge 25%, but the EV maker is repairing its brand for long-term gain, Loup’s Gene Munster says
China’s trade with Russia hit a record $190 billion in 2022 as Moscow deepens partnership with Beijing amid withering western sanctions
China’s trade with Russia hit a record $190 billion in 2022, a sign Moscow is deepening its partnership with Beijing. Trade with Russia made up 3% of China’s total trade volume last year, per a Reuters report. China has snapped up Russian fossil fuels since the invasion of Ukraine while the West shuns Russia as… Continue reading China’s trade with Russia hit a record $190 billion in 2022 as Moscow deepens partnership with Beijing amid withering western sanctions
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