US stocks fell slightly on Wednesday as investors braced for the start of the Fed’s balance sheet reduction plans.The Fed plans to reduce its $9 trillion balance sheet by $45 billion this month, and will increase the roll-off over time.JPMorgan’s Jamie Dimon warned that an economic hurricane is approaching and that it requires preparation. Loading… Continue reading US stocks slip as investors weigh economic warnings and eye start to Fed shrinking its balance sheet
US stocks slip as investors weigh economic warnings and eye start to Fed shrinking its balance sheet
Solana tumbles as its blockchain network suffers 2nd outage in a month
Solana fell 10% Wednesday after reports of an outage on its blockchain network. Solana asked validators on its blockchain to restart the network to remedy the issue. The cryptocurrency promotes itself as a high-performance blockchain meant to compete with Ethereum. Loading Something is loading. Solana, the third largest cryptocurrency by market capitalization, fell 10% Wednesday… Continue reading Solana tumbles as its blockchain network suffers 2nd outage in a month
The stock market will recover all of its 2022 losses by year-end as the economy avoids recession and Ukraine risks lessen, JPMorgan says
The stock market will erase its year-to-date losses and finish the year flat, according to JPMorgan’s Marko Kolanovic.Kolanovic reiterated his view that the US economy will avoid a recession this year as consumers remain in solid shape.The big upside for stocks is a resolution to the Russia-Ukraine conflict, which Kolanovic expects by year-end. Loading Something… Continue reading The stock market will recover all of its 2022 losses by year-end as the economy avoids recession and Ukraine risks lessen, JPMorgan says
SPAC volatility forces SeatGeek and Billy Beane of ‘Moneyball’ fame to shelve merger plans as the boom in blank-check deals fades
A merger deal between SeatGeek and the SPAC run in part by famed baseball manager Billy Beane has been terminated. SeatGeek and RedBall Acquisition cited market volatility as a reason for ending the agreement. The SEC’s recent scrutiny of SPACs has sent a chill through the market as well. Loading Something is loading. A merger… Continue reading SPAC volatility forces SeatGeek and Billy Beane of ‘Moneyball’ fame to shelve merger plans as the boom in blank-check deals fades
‘Brace yourself’: Jamie Dimon warns of a coming economic hurricane that will require preparation as the Fed shrinks its balance sheet
JPMorgan CEO Jamie Dimon warned of a coming economic “hurricane” that requires preparation.Dimon said JPMorgan is positioning its balance sheet very conservatively in case a recession occurs.”You know, I said there’s storm clouds but I’m going to change it… it’s a hurricane,” Dimon said. Loading Something is loading. An economic hurricane is on the horizon,… Continue reading ‘Brace yourself’: Jamie Dimon warns of a coming economic hurricane that will require preparation as the Fed shrinks its balance sheet
US stocks fall amid inflation fears but the Dow and S&P 500 end a volatile month flat
US stocks fell Tuesday as rising oil and eurozone prices renewed inflation fears. But the Dow and the S&P 500 closed a volatile month of trading flat. Slow growth poses a headwind for stocks, and earnings estimates are too high, Morgan Stanley analysts said Tuesday. Loading Something is loading. US stocks dropped Tuesday as investors… Continue reading US stocks fall amid inflation fears but the Dow and S&P 500 end a volatile month flat
Russia’s central bank says its open to using cryptocurrency for international payments as a way to counter Western sanctions
Russia is considering allowing cryptocurrency to be used for international payments, Reuters reported Tuesday. The central bank sees such a move as mitigating the impact of Western sanctions. Bank of Russia still sees a threat from crypto use within the country. Loading Something is loading. The Russian government is willing to consider allowing the use… Continue reading Russia’s central bank says its open to using cryptocurrency for international payments as a way to counter Western sanctions
Energy stocks dominate the list of top gainers in the S&P 500 as companies see big profits amid oil’s surge to the highest price in nearly 15 years
Energy stocks are dominating the list of new highs in the S&P 500 as oil prices approach 2008 levels.Investor appetite for energy stocks has increased as profits surge higher for the sector.The new highs could continue as travel demand heats up over the summer months and as supply remains constrained. Loading Something is loading. While… Continue reading Energy stocks dominate the list of top gainers in the S&P 500 as companies see big profits amid oil’s surge to the highest price in nearly 15 years
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