Stocks suffered another failure to launch on Thursday as a brisk morning run in the major indexes crumbled in the afternoon, resulting in another disappointing finish in the red, and a deeper turn into correction territory for the Nasdaq Composite. Initial claims for unemployment benefits were in focus today. Filings for the week ended Jan.… Continue reading Stock Market Today: Foiled Again! Sizable Snap-Back Fizzles Late | Kiplinger
The 10 Best European Stocks for 2022 and Beyond | Kiplinger
European stocks, like their U.S. counterparts, posted impressive returns in 2021. For the entire year, the Stoxx Europe 600 index of large-cap eurozone stocks gained 13% – much less than the 27% price return for the S&P 500 Index, but still a better-than-average performance. Despite this, European stocks enter 2022 as a beloved asset class among… Continue reading The 10 Best European Stocks for 2022 and Beyond | Kiplinger
BlackRock’s Fink: Decarbonizing Economy ‘Greatest Investment Opportunity of Our Lifetime’ | Kiplinger
BlackRock (BLK), the world’s largest investment firm, published on Tuesday the much-anticipated annual Letter to CEOs from its own chief, Larry Fink. Over the past decade, these letters have increasingly urged companies to recognize and manage environmental, social, and governance (ESG) risks and opportunities. Fink’s tone this year is insistent, recognizing that the pandemic has “turbocharged”… Continue reading BlackRock’s Fink: Decarbonizing Economy ‘Greatest Investment Opportunity of Our Lifetime’ | Kiplinger
Investing legend Jeremy Grantham says market speculation has already peaked —and warns the S&P 500 could plunge 44% despite the Fed’s best efforts
Jeremy Grantham says the speculative boom in meme stocks and crypto has already peaked. The GMO cofounder warned the S&P 500 could plummet another 44% despite the Fed’s best efforts. Grantham said the recent rise in blue-chip stocks and decline in risk assets was a huge red flag. Sign up here for our daily newsletter,… Continue reading Investing legend Jeremy Grantham says market speculation has already peaked —and warns the S&P 500 could plunge 44% despite the Fed’s best efforts
Bitcoin billionaire Mike Novogratz says plunging crypto will have a hard time rallying until stocks find a base
Mike Novogratz.Bryan Bedder/Getty Images for Hudson River Park Mike Novogratz said cryptocurrencies will struggle to pull out of their sell-off if stocks keep falling. The crypto billionaire said Thursday this is a bear market, and told people to sell rallies and not buy dips. The crypto sell-off intensified Friday, as bitcoin plunged below $40,000 for… Continue reading Bitcoin billionaire Mike Novogratz says plunging crypto will have a hard time rallying until stocks find a base
US stocks look set to extend decline after weak earnings hit tech-heavy Nasdaq and investors await next week’s Fed policy meet
US stock markets look set to mark another day of losses Friday after a brutal tech sell-off. Investors are anxiously awaiting the Fed’s policy meeting next week for details on its plan to cool inflation. Oil prices slid more than 1%, coming under considerable pressure on more gloomy market sentiment. Sign up here for our… Continue reading US stocks look set to extend decline after weak earnings hit tech-heavy Nasdaq and investors await next week’s Fed policy meet
Bitcoin plunges to below $40,000 for first time since August as cryptos track Wall Street’s tech rout
Bitcoin has tumbled to far below November’s high of close to $69,000.Dado Ruvic/Reuters Bitcoin tumbled to below $40,000 for the first time since August, as a broad crypto sell-off intensified. Investors have dumped both cryptocurrencies and tech stocks as they prepare for the Fed to hike interest rates in 2022. Ethereum fell below $3,000 while… Continue reading Bitcoin plunges to below $40,000 for first time since August as cryptos track Wall Street’s tech rout
US stocks give up gains as Dow notches 5-day losing streak and tech continues to weaken under rates pressure
Lucas Jackson/Reuters US stocks fell on Thursday after early gains of nearly 2% for the Nasdaq evaporated.The Dow notched its fifth straight loss as investors continue to worry about rising rates.Jobless claims jumped to 286,000 last week, hitting its highest level since October.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.US… Continue reading US stocks give up gains as Dow notches 5-day losing streak and tech continues to weaken under rates pressure
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