Markets

Sixteen people face charges for an international “pump and dump” scheme of penny stocks, the SEC said Monday.  The SEC alleged the defendants generated $194 million in illicit proceeds in the multiyear scheme.  The agency filed charges following an investigation spanning more than 20 countries.  Loading Something is loading. Sixteen people face charges for participating… Continue reading SEC charges 16 people for raking in $194 million in illicit proceeds from international penny-stock fraud scheme

Gold and crypto prices would pop if the Federal Reserve were to raise its inflation target to 3%, economist Mohamed El-Erian told CNBC on Monday.  A higher target would give the Fed some breathing room as it works to bring down inflation from a 41-year high.  Gold and crypto are widely seen as inflation hedges,… Continue reading Crypto and gold prices will go higher if the Fed is forced to raise its inflation target to 3%, says Mohamed El-Erian

First-quarter earnings results have so far revealed that Wall Street is turning bearish as Main Street gets bullish.Banks are cautious and have added to their loan loss reserves, while airlines see strong demand from consumers.”We see signs of goods demand cooling, particularly in big ticket items, while services benefit from strong pent-up demand,” Bank of… Continue reading Corporate earnings show that Wall Street is turning cautious while Main Street gets bullish as consumers ditch goods for experiences, Bank of America says

Bank of America’s head of SMID-cap strategy encourages investors to stick with what’s working. Jill Carey Hall says that means buying the lowest-valued stocks and selling the highest-valued ones. She also named 14 “Buy”-rated stocks the bank’s analysts say will beat earnings estimates. As another earnings season kicks off, Bank of America analysts have revealed… Continue reading BANK OF AMERICA: Buy these 14 stocks ahead of their next earnings, when they’re likely to beat expectations once again

The 40-year bull market in bonds could be on its last legs as interest rates continue to rise.The implications are wide-ranging as higher interest rates often translate into lower stock prices.A chart of the 10-year US Treasury yield includes “the most important trend line of all time,” Carter Worth said. Loading Something is loading. The… Continue reading A 40-year bull run in the bond market is under pressure as Treasury yields touch the ‘most important trend line of all time’

Theron Mohamed Jeremy Grantham. REUTERS/Nicholas Roberts The Russia-Ukraine conflict has shaken markets and disrupted global commerce. Ray Dalio, Jeremy Grantham, Carl Icahn, and others have discussed its likely consequences. Here’s what 10 of the world’s best investors have said about the crisis. Loading Something is loading. Russia’s invasion of Ukraine continues to rattle financial markets… Continue reading Jeremy Grantham, Ray Dalio, and other elite investors are pounding the alarm on the Russia-Ukraine crisis. Here’s what 10 of them have said about the conflict.

Michael Burry defended the SEC after Elon Musk castigated the regulatory agency this week. “The Big Short” investor accused the Tesla CEO of making up his own rules. Musk defended his “funding secured” tweet this week, and disclosed his Twitter stake 10 days late. Loading Something is loading. Michael Burry, the investor of “The Big… Continue reading ‘Big Short’ investor Michael Burry defends the SEC from Elon Musk’s criticism — and accuses the Tesla CEO of making his own rules

Lumber prices are down more than 20% this year but are poised to gain upward traction, experts told Insider.  Futures pricing for lumber suggest demand is building up for summertime projects.  Higher interest rates have dampened demand in the housing market so far this year.  Loading Something is loading. The scorching rise in lumber prices… Continue reading Lumber prices have slumped as mortgage rates cool housing demand, but the commodity may bounce back up by 13% on tight supply, 2 experts say