Jennifer Sor Xinhua/Wang Ying/Getty Images US stocks rose on Wednesday even as inflation clocked in hotter than expected. Consumer prices rose 3.7% year over year in August, above the estimated 3.6%. Still, traders are largely expecting the Fed to hold interest rates steady at their next policy meeting. Loading Something is loading. Thanks for signing… Continue reading US stocks rise as traders brush off hotter-than-expected August inflation report
Forget the dollar – China has its hands full propping up the yuan against 23 other currencies, report says
China has been propping up the yuan against 23 currencies, Bloomberg reported. The embattled currency dropped to a 16-year low against the dollar last week amid economic headwinds. Beijing’s efforts to stem the yuan’s decline appear more widespread than previously known. Loading Something is loading. Thanks for signing up! Access your favorite topics in a… Continue reading Forget the dollar – China has its hands full propping up the yuan against 23 other currencies, report says
Warren Buffett and Charlie Munger’s epic success is down to 3 key things, Howard Marks says
Warren Buffett and Charlie Munger’s success is down to three simple things, Howard Marks says. The pair have made lots of solid bets, found some big winners, and had few big losers, Marks says. Buffett has noted the outsized impact of his best decisions, and said it’s vital to avoid losses. Loading Something is loading.… Continue reading Warren Buffett and Charlie Munger’s epic success is down to 3 key things, Howard Marks says
US stocks slide as oil prices climb and investors brace for August inflation report
Phil Rosen Reuters / Brendan McDermid US stocks slipped Tuesday, while oil prices climbed ahead of Tuesday’s release of the August inflation report. Brent crude, the international benchmark, surged above $91 a barrel. WTI jumped toward $90. Oracle stock tumbled 10% in early trading after the company reported weak quarterly revenue. Loading Something is loading.… Continue reading US stocks slide as oil prices climb and investors brace for August inflation report
The S&P 500 looks risky and expensive – and could plunge 25% if something shocks the system, Morgan Stanley’s stock chief warns
The S&P 500 is priced for perfection and could plunge 25% if problems crop up, Mike Wilson says. Morgan Stanley’s stock chief says the outlook for company earnings and the economy is pretty grim. Investors have piled into Big Tech to ride out the storm, but they may still feel pain, Wilson says. Loading Something… Continue reading The S&P 500 looks risky and expensive – and could plunge 25% if something shocks the system, Morgan Stanley’s stock chief warns
US stocks rise as the dollar falls by the most in 2 weeks
US stocks moved higher on Monday as the US dollar fell by the most in two weeks.Investors are getting more hopeful about a potential soft landing after comments from Treasury Secretary Janet Yellen.Ongoing progress on inflation suggests the Fed will pause its interest rate hikes later this month. Loading Something is loading. Thanks for signing… Continue reading US stocks rise as the dollar falls by the most in 2 weeks
Ethereum co-founder Vitalik Buterin’s X account was hacked and followers were duped out of $700,000 for fake NFTs
Ethereum co-founder Vitalik Buterin had his X account hacked, with hackers posting a malicious link. The link resulted in the theft of $691,000 from some of his 4.9 million users who followed it on his page. The post was a fake announcement of a new non-fungible token series. Loading Something is loading. Thanks for signing… Continue reading Ethereum co-founder Vitalik Buterin’s X account was hacked and followers were duped out of $700,000 for fake NFTs
The S&P 500 could crash nearly 50% as a brutal recession takes hold, veteran technical analyst warns
Stocks could crash nearly 50% as a severe recession sets in, Milton Berg has warned. The veteran technical analyst flagged investor complacency and more banking woes as risk factors. Berg expects the S&P 500 to plunge below its level in October and approach its pandemic lows. Loading Something is loading. Thanks for signing up! Access… Continue reading The S&P 500 could crash nearly 50% as a brutal recession takes hold, veteran technical analyst warns
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