New Yorkers can’t actually buy and sell the city’s namesake token, a Bloomberg report found. Crypto exchanges offering NYCCoin don’t have a BitLicense, which is required to operate in the state, Bloomberg said. The lack of trading ability is a setback for a city working to rival Miami as the US crypto hub. Loading Something… Continue reading Unlike in Miami, residents of New York City can’t trade their namesake cryptocurrency
US stocks mixed as investors digest increased sanctions against Russia while initial Ukraine talks end with little progress
US stocks ended mixed on Monday as investors digested ramped-up sanctions against Russia and initial peace talks showed little progress.Western countries in Europe and the US announced sanctions against Russian banks designed to cripple the country’s economy.The Russian ruble plunged to record lows on Monday, and Russia’s central bank closed its stock market. Loading Something… Continue reading US stocks mixed as investors digest increased sanctions against Russia while initial Ukraine talks end with little progress
Stifel’s equity chief cuts his S&P 500 forecast, now sees a 7% decline in 2022 as stocks ‘remain hostage’ to risks surrounding Russia’s invasion of Ukraine
The S&P 500 has not yet reached its bottom and could fall another 7%, according to a Stifel note.The research firm said equities “remain hostage” to the geopolitical risks surrounding Russia’s invasion of Ukraine.”Fluid geopolitics and stagflation risk indicate an S&P 500 floor closer to 4050,” Stifel said. Loading Something is loading. The stock market… Continue reading Stifel’s equity chief cuts his S&P 500 forecast, now sees a 7% decline in 2022 as stocks ‘remain hostage’ to risks surrounding Russia’s invasion of Ukraine
Investors who think the stock market is back to normal should stay ‘humble’ and position for continued Russia-Ukraine uncertainty, Mohamed El-Erian says
Investors shouldn’t believe the market is back to “normal” right now despite last week’s rally, Mohamed El-Erian wrote in an op-ed. Among other factors, normality won’t last long if things escalate in Ukraine and if sanctions destroy the Russian economy, he said. As Russian forces fight in Ukraine, Russia is dealing with a closed stock… Continue reading Investors who think the stock market is back to normal should stay ‘humble’ and position for continued Russia-Ukraine uncertainty, Mohamed El-Erian says
From sanctions to bitcoin donations, here’s how crypto is playing a major role in the Ukraine war
Bitcoin, ether, and other digital assets have become an essential part of the Ukraine war. Ukraine has raised $22 million through thousands of crypto donations since the start of the war. Crypto exchanges, enthusiasts, and even Western countries are looking to crypto to support Ukraine. Loading Something is loading. The world is leveraging an unlikely… Continue reading From sanctions to bitcoin donations, here’s how crypto is playing a major role in the Ukraine war
This key factor will determine if a bottom in the stock market has been reached and a rally can resume, quant trading firm says
The stock market staged a historic reversal on Thursday after Russia launched its attack against Ukraine.The Nasdaq 100 rose more than 3% on Thursday after it was initially down more than 3%.Such a reversal hasn’t happened since 2008, and whether a bottom has been made will be determined by this one factor. Loading Something is… Continue reading This key factor will determine if a bottom in the stock market has been reached and a rally can resume, quant trading firm says
The Fed’s new playbook for fighting inflation risks doing more harm than good, top economists at Bank of America, Deutsche Bank, and Morgan Stanley say
The Fed’s new policy framework carries a “very difficult tradeoff,” top Wall Street economists said. Raising rates to cool inflation could undo the inclusive hiring recovery, the team said. Conversely, leaving the labor market’s recovery intact could spark a new inflation crisis. Loading Something is loading. The Federal Reserve is pursuing the most inclusive recovery… Continue reading The Fed’s new playbook for fighting inflation risks doing more harm than good, top economists at Bank of America, Deutsche Bank, and Morgan Stanley say
The ‘crypto mortgage’ could become yet another way that investors crowd out traditional homebuyers
The fintech company Milo is offering a home-loan product that uses bitcoin as collateral. The company is marketing the product to foreign investors who want to purchase US real estate. Redfin says investors were responsible for over 18% of property transactions in the fourth quarter. As US real-estate prices hit records in many markets, some… Continue reading The ‘crypto mortgage’ could become yet another way that investors crowd out traditional homebuyers
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