Tech stocks have been crushed this year, but analyst Dan Ives says it’s not another dot-com bust. Ives says Wall Street estimates for most tech companies won’t come down very much. He tells investors what they should buy in large cap tech, cyber security, and other key areas. Wedbush technology analyst Dan Ives wants investors… Continue reading Famed tech bull Dan Ives says investors should buy these 22 stocks to make a diversified portfolio of future winners that emerge from the ‘massive overcorrection’ that is slamming the sector
Crypto crashed this week as 2 stablecoins broke the buck. Here’s what that means, and where the market goes next.
The cryptocurrency market lost $400 billion during the week as two stablecoins lost their pegs to the US dollar. The losses threw algorithmic stablecoin TerraUSD and “traditional” stablecoin Tether into the spotlight. TerraUSD’s sister coin luna sank to a $0 value in a spectacular selloff. Loading Something is loading. The latest crypto sell-off emanating from… Continue reading Crypto crashed this week as 2 stablecoins broke the buck. Here’s what that means, and where the market goes next.
If you think gas prices are bad, diesel is in its worst crisis since the 1970s and has even raised fears of localized rationing
While Americans are reeling from sticker shock at the gas pump, the diesel market is in its worst crisis since the 1970s, analysts say. Prices for diesel, which powers much of the country’s industry, have surged 76.5% in the last year. “The markets are telling us there’s a shortage. This is a tailwind for inflation.… Continue reading If you think gas prices are bad, diesel is in its worst crisis since the 1970s and has even raised fears of localized rationing
Crypto crashed this week as 2 stablecoins broke the buck – here’s what that means and where the market goes next
The cryptocurrency market lost $400 billion during the week as two stablecoins lost their pegs to the US dollar. The losses threw algorithmic stablecoin TerraUSD and “traditional” stablecoin Tether into the spotlight. TerraUSD’s sister coin luna sank to a $0 value in a spectacular selloff. Loading Something is loading. The latest crypto sell-off emanating from… Continue reading Crypto crashed this week as 2 stablecoins broke the buck – here’s what that means and where the market goes next
Here are the top 15 cities where home price appreciation has outpaced wages: ‘When there’s then a deviation in home prices above inflation and wages, that’s historically the sign of a bubble.’
US Markets Loading… H M S Premium Austin, TX leads the pack of biggest US housing bubbles. RYAN KYTE/Getty Images This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Real estate consultant Nicholas Gerli says the next housing crash won’t be “binary.” Instead, it’ll be mostly driven by several… Continue reading Here are the top 15 cities where home price appreciation has outpaced wages: ‘When there’s then a deviation in home prices above inflation and wages, that’s historically the sign of a bubble.’
The dollar’s dominance is here to stay as China’s zero-COVID strategy hurts the yuan, a Morgan Stanley strategist says
The dollar’s global dominance is here to stay for a “very long time,” according to a Morgan Stanley strategist. James Lord told Insider that China’s zero-COVID policy is denting the yuan’s appeal, at least in the short term. The US freeze on Russia’s currency reserves has cast doubt on the dollar’s reliability, but Lord said… Continue reading The dollar’s dominance is here to stay as China’s zero-COVID strategy hurts the yuan, a Morgan Stanley strategist says
Warren Buffett’s Berkshire Hathaway buys more Occidental Petroleum stock, boosting its bet on the energy giant to about $7.5 billion
Warren Buffett’s Berkshire Hathaway bought another $52 million of Occidental Petroleum stock. The investor’s conglomerate has invested about $7.5 billion in the energy company this year. Buffett was able to build a 14% stake in Occidental in about two weeks due to frenzied trading. Loading Something is loading. Warren Buffett’s Berkshire Hathaway spent another $52 million… Continue reading Warren Buffett’s Berkshire Hathaway buys more Occidental Petroleum stock, boosting its bet on the energy giant to about $7.5 billion
Customers sue Coinbase over ‘untold millions’ of losses from a stablecoin’s loss of a yen peg
Coinbase has been sued by customers who allege the crypto exchange misled them about the gyen stablecoin’s stability. Buyers lost millions of dollars in matter of hours after the gyen lost its peg to the Japanese yen, the suit alleges. The crypto exchange has struggled this week after weak earnings sent its stock plunging. Loading… Continue reading Customers sue Coinbase over ‘untold millions’ of losses from a stablecoin’s loss of a yen peg
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