Markets

In an interview with CNBC, Gary Vaynerchuk said 98% of NFT projects will fail.  Vaynerchuk is the creator of the popular Vee Friends NFT series, the cheapest of which currently sell for about $41,000. Two experts weighed in on Vaynerchuk’s take, and shared their predictions for the nascent Web3 space. Loading Something is loading. Gary… Continue reading Gary Vaynerchuk said 98% of NFT projects will fail after the gold rush fades. Here’s what 2 experts had to say about why he might be right.

Timber prices shot up 10% or more last quarter, outpacing the rate of inflation. Consumer prices ended 2021 up 7% and accelerated to a 7.5% rate in January, the highest since February 1982. Joe Sanderson of Domain Timber Advisors broke down why timber is a good inflation hedge.  Loading Something is loading. As US inflation… Continue reading Timber eyed as a hedge against rising prices as inflation surges to 40-year highs

S&P Capital IQ’s database is full of fun facts about stocks in relation to Super Bowl winners and losers.  For example, after an NFC team wins, the market returns 13.8% on average, compared with 10.7% after an AFC victory.  The LA Rams will face the Cincinnati Bengals this Sunday in Super Bowl LVI.  Loading Something… Continue reading A Rams win could mean a 14% stock surge: 7 fun market stats ahead of Super Bowl LVI from S&P Global

Paul Krugman is not too concerned with inflation surging to a 40-year high, adding that he currently sees no economic crisis. The Nobel Prize-winning economist did emphasize that the Fed needs to tighten monetary policy. “The Fed clearly needs to start hiking rates. Probably not shock therapy — definitely not shock therapy,” he said. Loading… Continue reading Economist Paul Krugman says hot inflation is not a crisis and there is no need for the Fed to use ‘shock therapy’ to cool the economy

US stocks closed lower Friday as investors kept a close watch on tensions between Russia and Ukraine. A US government official said Russia could invade Ukraine before the Winter Olympics end on February 20.   It’s been a volatile trading week as investors guess the Fed’s next move after inflation surged again. Loading Something is loading.… Continue reading Dow falls 504 points as Russia-Ukraine tensions rise

The Federal Reserve is “desperately behind-the-curve” after inflation jumped 7.5% in January, Bank of America said.The bigger-than-expected jump in inflation has led to surging probabilities that the Fed might do an emergency rate hike this month.”Aggressive Fed at moment of overvalued asset markets not normally recipe for big returns,” BofA said. Loading Something is loading.… Continue reading BofA says the Fed is ‘desperately behind-the-curve’ in fighting inflation as markets brace for the possibility of an emergency rate hike this month

Uber CEO Dara Khosrowshahi is not closing the door on accepting crypto as payment for his firm. “Is Uber going to accept crypto in the future? Absolutely. At some point,” he told Bloomberg. The executive said he and his team are constantly discussing the possibility, though some factors are holding them back. Loading Something is… Continue reading The CEO of Uber said the ride-hailing app will ‘absolutely’ accept crypto at some point

Entrepreneur and influencer Gary Vaynerchuk told CNBC that NFTs are “grossly misunderstood.” Vaynerchuk, who has 2.9 million Twitter followers, is the creator behind the popular NFT series Vee Friends. “We are living more and more increasingly in a digital landscape, and NFTs become assets to communicate who you are,” he said. Loading Something is loading.… Continue reading Gary Vaynerchuk explains the value of NFTs: they are ‘assets to communicate who you are’