Joseph Lam, a crypto influencer, was arrested in Hong Kong on Monday, multiple media outlets reported. Police arrested him and five others for “conspiracy to defraud.” The fraud could involve more than 1,400 people and assets worth around $128 million. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized… Continue reading A crypto influencer was arrested in Hong Kong for a potential $128 million fraud involving 1,400 people
‘Dr. Doom’ Nouriel Roubini says he would short US stocks for the rest of the year as 10% decline is ‘highly possible’
Economist Nouriel Roubini would recommend shorting US stocks as they could drop 10%. That’s because global growth is slowing, with oil prices and inflation remaining high, he told Bloomberg TV. Central banks must maintain higher interest rates to avoid a coming stagflationary era, he added. Loading Something is loading. Thanks for signing up! Access your… Continue reading ‘Dr. Doom’ Nouriel Roubini says he would short US stocks for the rest of the year as 10% decline is ‘highly possible’
This stock market signal points to the S&P 500 surging 25% within the next year
There’s still significant upside potential in the stock market, according to Bank of America.The bank said the S&P 500 could surge 25% within the next year based on a bullish indicator.”Analyst consensus long-term growth expectations today suggest big gains,” BofA’s Savita Subramanian said. Loading Something is loading. Thanks for signing up! Access your favorite topics… Continue reading This stock market signal points to the S&P 500 surging 25% within the next year
5 common misconceptions about the US’s $32 trillion debt mountain
The US’s $32 trillion debt mountain may not be as bad as it seems. There are some misconceptions surrounding the national deficit, according to experts. Still, economists say debt problems could arise in the future given the current rate of spending. Loading Something is loading. Thanks for signing up! Access your favorite topics in a… Continue reading 5 common misconceptions about the US’s $32 trillion debt mountain
Legendary investor Jeremy Grantham rang the alarm on stocks and recession, warned about the housing market, and hailed Elon Musk’s Tesla. Here are his 10 best quotes from a recent event.
Jeremy Grantham issued grim warnings about the US stock market and economy this week. Stocks will slump despite AI buzz, and there’s a 70% chance of recession by early 2025, he said. Grantham touched on meme stocks, banking risks, real estate, commodities, and Elon Musk’s Tesla. Loading Something is loading. Thanks for signing up! Access… Continue reading Legendary investor Jeremy Grantham rang the alarm on stocks and recession, warned about the housing market, and hailed Elon Musk’s Tesla. Here are his 10 best quotes from a recent event.
Wall Street is turning cautious on US stocks, while some experts warn of pain ahead. Here’s what JPMorgan, Jeremy Grantham and others have said.
Zahra Tayeb TIMOTHY A. CLARY / Getty Investors are turning increasingly wary of what the end of 2023 brings for stocks and the US economy. Wall Street banks including JPMorgan and Bank of America Merrill Lynch are turning more defensive in their investing approach. Here’s what six top voices have said about US stocks as… Continue reading Wall Street is turning cautious on US stocks, while some experts warn of pain ahead. Here’s what JPMorgan, Jeremy Grantham and others have said.
The delayed effect of mortgage rates means housing affordability is actually about to get worse
Housing affordability is about to get even worse, thanks to the delayed impact of mortgage rates. Morgan Stanley researchers pointed out that it takes about seven weeks to close a mortgage. In addition, some housing data come out with a two-month delay, they said on a podcast. Loading Something is loading. Thanks for signing up!… Continue reading The delayed effect of mortgage rates means housing affordability is actually about to get worse
The market’s heaviest hitters are sounding the alarm on US debt
Three market experts have cited concern that growing US debt will send interest rates up. Ray Dalio and Bill Gross both pointed out a supply-demand imbalance that will keep fueling borrowing costs. US debt supply will only grow, as a recession would expand the federal deficit, Jeffrey Gundlach added. Loading Something is loading. Thanks for… Continue reading The market’s heaviest hitters are sounding the alarm on US debt
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