Markets

In an interview with Insider, Northwestern Mutual chief investment officer Brent Schutte broke down his forecast for 2023.  He’s expecting a mild and brief recession this year, and sees bonds as an attractive hedge.  He also shared three stock sectors that could offer upside during an economic downturn. Loading Something is loading. Thanks for signing… Continue reading Hedge against recession with bonds while piling cash into these 3 stock sectors as markets stay flat in 2023, says Northwestern Mutual’s investment chief

Jennifer Sor Lucas Jackson/Reuters US stocks rose on Friday, but had a mixed performance for the week as investors worry about an upcoming recession. The Nasdaq closed the week with a gain, though the Dow and the S&P 500 finished lower. Tech stocks rallied on the latest batch of corporate earnings and layoffs sweeping the… Continue reading US stocks climb but end the week mixed as investors worry about a coming recession

Lawyers for FTX say Sam Bankman-Fried is weaponizing Twitter as he pushes back against bankruptcy proceedings.  “One of the things that the debtors have been facing generally in these cases is assault by Twitter,” a lawyer said. A judge in the FTX bankruptcy case also rejected claims that the Sullivan & Cromwell law firm has… Continue reading Sam Bankman-Fried is weaponizing Twitter in FTX bankruptcy battle, says crypto exchange’s law firm

High mortgage rates and home prices will persist, but activity will slump amid a mild recession, Fannie Mae said.  Mortgage rates have been influenced by the Fed’s rate hikes, and rates could remain high this year.  A 2008-style crash is unlikely, the mortgage giant said, predicting a steady decline in home prices over the next… Continue reading Home prices and mortgages will stay high this year, but housing activity is set to cool further amid mild recession, Fannie Mae says

Former FTX US president Brett Harrison started a new crypto infrastructure trading startup called Architect.  The firm raised $5 million in a pre-product financing round, with backing from Coinbase Ventures.  Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. Harrison is in “very… Continue reading The former FTX US president just raised money from Anthony Scaramucci and Coinbase Ventures for his new crypto startup

Crypto ownership rose among women during 2022, making it the second most widely held asset class held by that group, eToro said.  In its fourth-quarter survey, 34% of women said they owned crypto, up from 29% in the prior quarter.  The ownership rate among men edged up just by 1 percentage point during that period… Continue reading Cryptocurrency is now the 2nd most widely held financial asset among women, survey shows

Carla Mozée An apprentice engineer programming robots in a car factory Monty Rakusen/Getty Images US stocks tumbled after hawkish talk on rates from two Federal Reserve officials. St. Louis Fed President James Bullard and Cleveland Fed President Loretta Mester each see the need for rates to rise to 5% or beyond. The Dow plunged 600… Continue reading Dow plunges 600 points as Fed officials say more rate hikes are needed to keep pulling inflation down

Bitzlato is a little-known crypto exchange that was just shut down by the Justice Department.  FBI agents arrested Anatoly Legkodymov, the founder of crypto exchange Bitzlato, on Tuesday. US authorities alleged that the site laundered millions tied to illicit Russian finances. Loading Something is loading. Thanks for signing up! Access your favorite topics in a… Continue reading The Justice Department just shut down little-known crypto exchange Bitzlato and arrested its Russian founder in what authorities claim is a huge blow to crypto crime