The market value of cryptocurrencies reclaimed the $1 trillion threshold on Monday for the first time since June 13.Monday’s more than 5% rally in both bitcoin and ether helped drive broad gains across the crypto sector.The gains come amid a devastating bear market that erased more than $2 trillion in value and led to several… Continue reading A rally in bitcoin and ether push crypto market cap back above $1 trillion as digital assets struggle against bear market
The Fed’s escalating inflation fight is taking the last bit of air out of meme-stock style speculation, trading expert says
The Fed’s inflation fight spells the final end of the meme-trading bubble this cycle, an expert said. The CEO of Tradier told Insider that the end result will ultimately be a healthier market. “It creates an amazing opportunity for the expert traders to come in and dominate.” Loading Something is loading. The meme-trading bubble is… Continue reading The Fed’s escalating inflation fight is taking the last bit of air out of meme-stock style speculation, trading expert says
Russian gas holds the keys to the euro as the energy crisis weighs on Europe’s economy and currency
The euro’s slide below parity with the US dollar is tied to the uneasiness in energy, experts say. “The recent deterioration in gas supply to Europe has played a significant role in driving a weaker euro.” The euro could pull back further to fall between $0.95 to $0.97 against the dollar, a range of analysts… Continue reading Russian gas holds the keys to the euro as the energy crisis weighs on Europe’s economy and currency
GOLDMAN SACHS: Buy these 21 low-downside stocks because history shows their profits will hold up during a potential recession
Goldman Sachs doesn’t expect a recession, but says investors should lower their expectations. Chief US stock strategist David Kostin thinks estimates for company profits will have to come down. He named a group of 21 companies with a history of strong results in recessions. Whether a recession is coming or not, everyone in the financial… Continue reading GOLDMAN SACHS: Buy these 21 low-downside stocks because history shows their profits will hold up during a potential recession
Sam Bankman-Fried is positioning himself as crypto’s ‘lender of last resort’ – but even he reportedly couldn’t deal with the $2 billion hole in Celsius’ balance sheet
FTX reportedly walked away from a deal to buy troubled crypto lender Celsius over the state of its balance sheet. The exchange’s founder Sam Bankman-Fried has positioned himself as crypto’s “lender of last resort” as the industry suffers a liquidity crunch. Celsius filed for bankruptcy this week after freezing all its customers’ accounts in June.… Continue reading Sam Bankman-Fried is positioning himself as crypto’s ‘lender of last resort’ – but even he reportedly couldn’t deal with the $2 billion hole in Celsius’ balance sheet
A potential US recession will be mild and more in line with ‘light rain’ as opposed to a hurricane, says Pimco strategist
Brian Evans Alexander Spatari/Getty Images A potential US recession won’t be as severe as many fear, a Pimco strategist told Bloomberg TV. Anthony Crescenzi said Friday that while a recession looms, it’s likely to resemble a ‘light rain.’ The macroeconomic picture looks “pretty stable,” and as investors gauge the risk of a recession, “It’s seeming… Continue reading A potential US recession will be mild and more in line with ‘light rain’ as opposed to a hurricane, says Pimco strategist
A potential US recession will be mild and more in line with ‘line rain’ as opposed to a hurricane, says Pimco strategist
Brian Evans Alexander Spatari/Getty Images A potential US recession won’t be as severe as many fear, a Pimco strategist told Bloomberg TV. Anthony Crescenzi said Friday that while a recession looms, it’s likely to resemble a ‘light rain.’ The macroeconomic picture looks “pretty stable,” and as investors gauge the risk of a recession, “It’s seeming… Continue reading A potential US recession will be mild and more in line with ‘line rain’ as opposed to a hurricane, says Pimco strategist
Cheaper oil and gas won’t prevent a 75-basis-point hike as inflation runs rampant – and the Fed might get even more aggressive, BofA says
The Fed is still going to stay aggressive with rate hikes this month even as energy costs come down, BofA said this week. BofA analysts expect a 75-basis-point hike, but said a 100-basis-point hike is still possible. “[U]nderlying price pressures remain robust and unacceptably high relative to the Fed’s mandate.” Loading Something is loading. Even… Continue reading Cheaper oil and gas won’t prevent a 75-basis-point hike as inflation runs rampant – and the Fed might get even more aggressive, BofA says
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