Markets

Investors have been waiting for high inflation readings to moderate for months on end, and now the ongoing bear market is likely to deliver that outcome. That’s according to The Leuthold Group’s chief investment officer Doug Ramsey, who said in a note last week that 20% price declines in the S&P 500 usually “unleashed a… Continue reading A bear market in stocks has historically signaled a peak in inflation – but that doesn’t mean the pain is over for investors, says a Wall Street investment chief

Bitcoin has fallen back below $20,000 as stocks continue to sell off, but the cryptocurrency could be poised for an end-of-year rally to $28,000, Deutsche Bank said in a recent note.  The world’s biggest crypto by market cap has tumbled more than 70% from its high, and the broader sector has shared in the turmoil.… Continue reading Bitcoin is more like digital diamonds than digital gold, and the price could go to $28,000 by year’s end, analyst says

Peter Lynch warned against speculating, outlined when to buy and sell stocks, and underlined the futility of trying to time the market in a rare interview with Fidelity. The legendary stock picker and “One Up on Wall Street” author emphasized in the interview last August that investors need to do their own research, hold their… Continue reading Investing icon Peter Lynch warned against speculating, panicking, and trying to predict the market in a rare interview. Here are the 9 best quotes.

Former Treasury Secretary Larry Summers thinks the chances of a recession this year are rising, and it could set in sooner than anticipated.  “The risks of a 2022 recession are significantly higher than I would have judged six or nine weeks ago,” Summers told Bloomberg Television.  He noted that a downturn sparked by a “self-fulfilling… Continue reading Larry Summers warns a recession sparked by a self-fulfilling process is looking more likely now

Kohl’s stock sank 20% on Friday after the company announced it ended talks to sell itself to Franchise Group. Shares were trading at $28.24 as of 10:25 a.m. ET, down from yesterday’s close of $35.71. “Despite a concerted effort on both sides, the current financing and retail environment created significant obstacles to reaching an acceptable… Continue reading Kohl’s plummets 20% as the retailer ends talks with Franchise Group for $8 billion buyout

Copper prices in London fell as much as 3.6% to $7,959 a ton on Friday, diving deeper into a bear market after suffering the worst quarterly loss in a decade. The commodity, an often seen as a barometer to gauge the global economy, fell to its lowest point since February 2021, as recession fears also… Continue reading Economic barometer copper sinks deeper into a bear market after worst quarter in a decade amid global slowdown fears

, /PRNewswire/ — The Memorandum of Understanding was signed on the 13th of June 2022, between the PHD Chamber of Commerce and Industry (PHDCCI), India and the business digital directory platform openbusinesscouncil.org created and powered by ztudium group. The goal: to establish and develop commercial and digital trade corridors and links between the PHDCCI business… Continue reading PHD Chamber of Commerce and Industry of India partners with digital platform directory openbusinesscouncil.org, by ztudium, to build a global digital blockchain certification for its members and o…

The Commodities Futures Trading Commission on Thursday charged Mirror Trading International and the firm’s owner, Cornelius Steynberg, with fraud, claiming the company operated as a fraudulent multi-level marketing scheme that scammed billions from investors.  “This action is the largest fraudulent scheme involving Bitcoin charged in any CFTC case,” the commission said in a statement. Investors… Continue reading The CFTC just charged a bitcoin firm with operating the ‘largest ever fraud’ involving the cryptocurrency