Markets

The stock market’s swift decline in January will likely be met with a quick V-shaped recovery, according to Fundstrat.Fundstrat sees potential for new record highs to be reached in the stock market next month.”The faster the decline, the faster the recovery,” Fundstrat’s Tom Lee said in a Wednesday note.Sign up here for our daily newsletter,… Continue reading A V-shaped recovery in the stock market is likely and could lead to new highs in February, Fundstrat says

US stocks rallied Wednesday ahead of the conclusion of the Fed’s two-day policy meeting. A slew of corporate earnings is expected soon, with Tesla reporting after the market close. Brent crude oil prices inched closer to $90 a barrel while gold slipped.  Sign up here for our daily newsletter, 10 Things Before the Opening Bell.… Continue reading US stocks rise as investors await conclusion of Fed policy meeting

Dan Reich and a friend lost the password for a crypto wallet worth millions, the Verge reported. Reich found a hacker known as Kingpin who helped him unlock the hardware wallet. Millions of bitcoin have been lost to owners because of forgotten passwords or lost wallets. Sign up here for our daily newsletter, 10 Things… Continue reading A hacker recovered a crypto wallet worth $2 million for the owner who forgot the password: report

Warren Buffett’s great-nephew completed the acquisition of a private-hangar specialist this week. Alex Buffett Rozek praised Sky Harbour’s competitive advantages and management team. Buffett and Rozek look for similar qualities in the businesses they buy. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Warren Buffett’s great-nephew appears to share the… Continue reading Warren Buffett’s great-nephew just completed a SPAC deal. He clearly shares the billionaire investor’s taste in businesses.

FTX boss Sam Bankman-Fried spoke up for solana after the network was hit with its second outage in a month. He said demand is the issue, saying solana still processed more transactions all other major blockchains combined. Analysts believe solana could take users away from ethereum, especially for NFT apps. Crypto billionaire Sam Bankman-Fried has… Continue reading FTX’s Sam Bankman-Fried has defended the outage-hit solana network, saying it still handled more transactions than any major blockchain

The S&P 500 is vulnerable to losing another 8% in the short term, said Barclays in a note Tuesday.  The index dipped back into correction territory Tuesday, but valuations remain above pre-pandemic levels.  Barclays held on to a target of 4,800 for the broad index by year-end.  Sign up here for our daily newsletter, 10… Continue reading It’s too early to buy the dip in stocks as the S&P 500 still has 8% downside potential, Barclays says

Rare pieces of Beatles memorabilia are set to be sold as digital collectibles. The collection will be launched as NFTs by John Lennon’s son, Julian. He will auction six items. Prices for the bidding of the “Lennon Connection: The NFT Collection” start in a range from $4,000-$30,000. Sign up here for our daily newsletter, 10… Continue reading Rare pieces of Beatles memorabilia set to be sold as NFTs

Dogecoin popped 8% on Tuesday after Elon Musk said McDonald’s should accept the meme coin.”I will eat a happy meal on tv if McDonalds accepts Dogecoin,” Musk tweeted.On Monday McDonald’s interacted with the crypto community over Twitter amid bitcoin’s decline.Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Elon Musk’s sway… Continue reading Dogecoin pops 8% after Elon Musk says he’ll eat a happy meal on TV if McDonald’s accepts the meme coin as payment