Markets

Nouriel Roubini cautioned the world faces severe risks that aren’t being handled carefully.  He warned people should “live on high-alert” as inflation, climate change and the risk of military conflict threaten the world.  Roubini also slammed the Fed for missing the mark on inflation, predicting a “deep and protracted” recession.  Loading Something is loading. Thanks… Continue reading ‘Dr Doom’ economist Nouriel Roubini says the world is on a ‘slow-motion train wreck’ while warning a US recession is a sure thing

TerraPower has delayed a demo of its flagship nuclear reactor project in Wyoming by at least two years. The nuclear innovation company said it’s unable to get uranium fuel from any source other than Russia. TerraPower has received backing from Bill Gates and the US DOE for its advanced nuclear plant design. Loading Something is… Continue reading Russia’s war has stalled a next-gen US nuclear reactor backed by Bill Gates – because it’s lost its sole supplier of uranium

Elon Musk has blamed the Federal Reserve for the sharp decline in Tesla stock this year. Rising interest rates have boosted the appeal of Treasuries relative to stocks, the Tesla CEO said. Tesla stock has been hit by fears that Musk’s Twitter purchase is a costly distraction. Loading Something is loading. Thanks for signing up!… Continue reading Elon Musk blames Tesla’s $600 billion plunge in market value this year on the Fed – as rising interest rates erode the appeal of stocks

Jefferies strategist Steven DeSanctis says small-cap stocks should outperform starting in January. He put together a list of “Buy” rated steady earners that have underperformed the market this year. He says low prices, M&A activity, and the end of China’s zero COVID policy should help small caps. “Wait ’til next year” is the traditional saying… Continue reading JEFFERIES: Buy these 20 bargain-priced stocks ahead of a rebound to get 2023 off to a good start

Bank of America expects a recession in the first quarter of 2023, according to a recent client note.  Economists for the bank say the Fed’s recent 50-basis-point rate hike did little to change an imminent slowdown scenario. BofA also highlighted three stock-market areas to watch if a recession does strike. Loading Something is loading. Thanks… Continue reading Bank of America says a recession is likely in the 1st quarter of 2023 – and recommends investors buy stocks in these 3 areas

A recession will be necessary to drive upside in the stock market, according to DataTrek Research.That’s because a shallow recession could drive aggressive cost cutting at companies, helping boost profits in 2024.”It is harder to make the case for S&P 4,800 if we do not see a US/global recession next year,” DataTrek said. Loading Something… Continue reading Here’s why a recession is essential to the bullish outlook for the stock market in 2023

Former SEC chair Jay Clayton is still optimistic about crypto’s potential despite the FTX chaos.  Clayton touted “the promise of distributed ledger technology,” in an interview with Goldman Sachs.  The former SEC chief also broke down three ways regulators can better police the space.  Loading Something is loading. Thanks for signing up! Access your favorite… Continue reading Former SEC chair Jay Clayton says he’s optimistic about crypto in the wake of FTX’s collapse — and breaks down 3 ways regulation can deter bad behavior

Investors are worried that cracks are starting to appear at Binance after the shocking collapse of FTX. The crypto exchange giant faces questions about its reserves, and it is under investigation by the DOJ. As the crypto market lose confidence in the exchange, its CEO warned staff of “bumpy” times ahead.  Loading Something is loading.… Continue reading Binance, the world’s biggest crypto exchange, is now under intense scrutiny after the FTX debacle. Here are 5 things you need to know.