Markets

George Soros warned Russia’s invasion of Ukraine could lead to World War III and civilization’s demise.  Global problems like climate change have been forced to take a backseat due to Russia’s war on Ukraine, he told the World Economic Forum. He also said China’s slowing economy could trigger a global depression. Loading Something is loading.… Continue reading George Soros warns Russia’s invasion of Ukraine could lead to World War III and even civilization’s demise

The stock market has some work to do before it hits bottom and moves higher, according to Ned Davis Research.The research firm highlighted the four things that need to happen for the stock market to bottom.Stocks have seen fits and starts in rallies that eventually get sold as investors are overwhelmingly bearish. Loading Something is… Continue reading The stock market needs these 4 things to happen before it can find a bottom and starting moving higher again, Ned Davis Research says

Markets aren’t confident that the Federal Reserve can tame record inflation, Bill Ackman tweeted Tuesday.  He predicts that inflation can only come down if the Fed aggressively raises rates, or if stocks crash. “It ends when the Fed puts a line in the sand on inflation and says it will do ‘whatever it takes,’” Ackman… Continue reading Billionaire investor Bill Ackman says markets are imploding because investors don’t have confidence in the Fed’s ability to stop inflation

Hackers targeted NFT artist Beeple’s Twitter account to lure followers into a phishing scam.  A security analyst at MetaMask alerted followers on Sunday about the attack.  The scam was took advantage of Beeple’s previous work with luxury fashion house Louis Vuitton.  Loading Something is loading. Beeple, the artist who made history by selling one of… Continue reading Hackers target bestselling NFT artist Beeple’s Twitter account and make off with $438,000 from followers through a phishing scam

JPMorgan surged as much as 8% on Monday after the company raised its 2022 net interest income guidance.JPMorgan CEO Jamie Dimon talked up the strength of the consumer and said the economy could avoid a hard landing at its annual investor day.Dimon’s optimistic comments helped lift other bank stocks considerably in Monday trades. Loading Something… Continue reading JPMorgan jumps 8% after the bank raises interest income guidance by $3 billion and CEO Jamie Dimon talks up strength of the consumer

US stocks surged on Monday as traders seek to end seven straight weeks of losses in the S&P 500.Monday’s rally in stocks came after JPMorgan CEO Jamie Dimon offered positive comments on the consumer and economy.With 94% of S&P 500 companies having reported first-quarter earnings, 76% beat profit estimates, according to Fundstrat. Loading Something is… Continue reading Dow spikes 600 points as investors try to rebound from losing streak and Jamie Dimon says the US can avoid recession

The world’s biggest oil company warned the global energy crisis is poised to get even worse. “If the aviation industry picks up speed, you are going to have a major problem,” Saudi Aramco CEO Amin Nasser told Reuters. He also noted that China’s impending rebound from COVID-19 lockdowns will stress global oil supplies. Loading Something… Continue reading The global energy crisis will get worse if aviation and China put more pressure on an already under-invested sector, Aramco CEO says

The Federal Reserve won’t be able to solve the problem of high inflation by raising interest rates, famed economist Joseph Stiglitz told Bloomberg on Monday.  The world’s largest economy could use supply-side intervention, the Nobel Prize winner said.  The Fed is expected to raise interest rates by 50 basis points at its June meeting.  Loading… Continue reading The Fed raising interest rates won’t fix inflation and the US needs a different kind of intervention, says Nobel-winning economist Joseph Stiglitz