Stocks kicked off a pivotal week on an upbeat note, boosted by some blue-chip mergers and acquisitions news and a buoyant reading on consumer expectations. Mostly, however, Monday was a “wait-and-see” session. After all, tomorrow’s critical reading on inflation (opens in new tab) and an interest rate (opens in new tab) announcement from the Federal… Continue reading Stock Market Today: Markets Rally Ahead of Key Inflation Report
November’s Inflation Report: What to Expect
The last inflation report of 2022 will land before Tuesday’s opening bell and it’s fair to assume the market will be holding its breath. With the Federal Reserve set to issue its final rate-hike decision of the year on Wednesday afternoon, the last thing traders and investors want is any sort of nasty surprise about… Continue reading November’s Inflation Report: What to Expect
What’s Next for Cryptocurrency After the Collapse of FTX?
A wave of bankruptcies in the cryptocurrency industry have raised concerns about the future of digital assets in general, and whether the industry will make it through this market crash. First, consider the breadth of the carnage: The list of bankruptcies in the cryptocurrency market related to liquidity problems has grown substantially this year. To… Continue reading What’s Next for Cryptocurrency After the Collapse of FTX?
Chinese police arrest 63 people accused of laundering $1.7 billion in cryptocurrency via tether stablecoin
Police in China said 63 people accused of laundering as much as 12 billion Chinese yuan ($1.7 billion) using cryptocurrency have been arrested. A gang is accused the stablecoin tether to launder proceeds from pyramid schemes and other criminal activities. Police running the investigation destroyed more than 10 money-laundering dens. Loading Something is loading. Thanks… Continue reading Chinese police arrest 63 people accused of laundering $1.7 billion in cryptocurrency via tether stablecoin
Dow soars 528 points ahead of crucial inflation reading and start of Fed policy meeting
Matthew Fox Xinhua/Wang Ying/ Getty Images US stocks surged on Monday ahead of a crucial week of market-moving catalysts.The November CPI report will be released on Tuesday, showing the path of inflation as 2022 winds down. Meanwhile, the Fed begins its two-day policy meeting Tuesday and will deliver another decision on rates Wednesday. Loading Something is… Continue reading Dow soars 528 points ahead of crucial inflation reading and start of Fed policy meeting
Tesla will face stock buyback pressure from activist investors next year after shares get cut in half in 2022, Wedbush says
Tesla is likely to face increased pressure from activist investors in 2023, according to Wedbush.Wedbush said Tesla could face pressure to launch a stock buyback program as share price tumbles.Tesla stock has erased $560 billion in market value this year, falling more than 50%. Loading Something is loading. Thanks for signing up! Access your favorite… Continue reading Tesla will face stock buyback pressure from activist investors next year after shares get cut in half in 2022, Wedbush says
Most sectors of the economy are showing signs of a pending recession even as the labor market stays hot, Stifel’s chief economist says
The economy is showing signs of a recession despite a hot labor market, Stifel’s chief economist says. Lindsey Piegza told Bloomberg TV on Monday that the labor market is holding up but also starting to show some weakness. She added that she expects a recession in 2023. Loading Something is loading. Thanks for signing up!… Continue reading Most sectors of the economy are showing signs of a pending recession even as the labor market stays hot, Stifel’s chief economist says
Billionaire John Paulson is reportedly set to reap $500 million from Amgen’s huge deal to acquire Horizon Therapeutics
Billionaire John Paulson’s family office is set to make $500 million from its stake in Horizon Therapeutics, Forbes said Monday. Paulson & Co. has held a stake in the biotech company since 2017. Amgen plans to buy Horizon in a $27.8 billion deal. Loading Something is loading. Thanks for signing up! Access your favorite topics… Continue reading Billionaire John Paulson is reportedly set to reap $500 million from Amgen’s huge deal to acquire Horizon Therapeutics
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