US inflation data due this week should cement interest rate views.Guido Mieth Global shares rose Tuesday, shaking off the previous day’s weakness, as investors prepared for US inflation data. Bond yields steadied around their highest since before the pandemic, with those on German debt about to turn positive. Federal Reserve Chair Jerome Powell takes questions… Continue reading Global shares shake off inflation blues in volatile trade ahead of US consumer price data
A market for crypto carbon offsets is reportedly booming, and its drawing DeFi entrepreneurs and big investors like Mark Cuban
It’s worth listening to the people who know forests best.Marco Bottigelli/Getty Images Millions of credits for greenhouse-gas emissions are connected to new crypto tokens, The Wall Street Journal reported on Monday. The credits are traded on unregulated markets, with prices dependent upon activity in carbon removal. But more than 17 million carbon credits are now… Continue reading A market for crypto carbon offsets is reportedly booming, and its drawing DeFi entrepreneurs and big investors like Mark Cuban
A majority of JPMorgan’s clients see bitcoin at around $60,000 by year-end, with just 5% expecting the cryptocurrency to hit $100,000
Getty Images Around 41% of JPMorgan clients see bitcoin ending the year around $60,000. Meanwhile, only 5% expect bitcoin to hit $100,000. Bitcoin tumbled below $40,000 to its lowest level since September before bouncing back above $41,000. Sign up here for our daily newsletter, 10 Things Before the Opening Bell Bullish exuberance around bitcoin hitting… Continue reading A majority of JPMorgan’s clients see bitcoin at around $60,000 by year-end, with just 5% expecting the cryptocurrency to hit $100,000
US stocks end mixed as S&P 500 drops for 5th straight session while Nasdaq edges higher after last week’s rout
Traders work on the floor of the New York Stock Exchange.Spencer Platt/Getty Images The S&P 500 dropped for a 5th straight session on Monday but closed well above session lows. The Nasdaq Composite reversed sharply to finish higher, ending a streak of four straight losses. The 10-year Treasury yield reached 1.8% for the first time… Continue reading US stocks end mixed as S&P 500 drops for 5th straight session while Nasdaq edges higher after last week’s rout
Billionaire Chamath Palihapitiya sees US stocks rebounding rapidly as trillions of dollars rush back in from the sidelines
Chamath Palihapitiya is a billionaire tech investor.Brendan McDermid/Reuters Billionaire investor Chamath Palihapitiya said US stocks could rebound rapidly after the recent sell-off. He said there’s “a ton” of money waiting on the sidelines in products such as money market accounts. Stocks have tumbled this month as the Fed prepares to raise rates, with the tech-heavy… Continue reading Billionaire Chamath Palihapitiya sees US stocks rebounding rapidly as trillions of dollars rush back in from the sidelines
Global shares shake off inflation fears and Omicron, as investors prepare for faster Fed interest-rate rises
Traders are reflected in a screen at the Tokyo Stock Exchange.Hiroshi Watanabe/Getty Images Global shares shook off last week’s inflation jitters and bounced back Monday, ahead of US consumer price data. Tech stocks and cryptocurrencies regained some footing, while shorter-dated Treasuries got hit again. The Federal Reserve may need to raise rates faster than many… Continue reading Global shares shake off inflation fears and Omicron, as investors prepare for faster Fed interest-rate rises
An NFT collection of 10,000 Wall Street bulls sold out in 32 minutes, and soon risk-hungry collectors can double down or lose it all with new gamification feature
The Wall Street Bulls NFT collection on OpenSeaCourtesy of Wall Street Memes company. An NFT collection of 10,000 Wall Street bulls sold out in 32 minutes when it was launched in October. The collection has become a way for investors to mint their membership in a retail-trading community. Now, the collection’s creators are adding a… Continue reading An NFT collection of 10,000 Wall Street bulls sold out in 32 minutes, and soon risk-hungry collectors can double down or lose it all with new gamification feature
The market for prestige whiskeys is drawing scammers and counterfeits as coveted bottles sell for thousands of dollars
SimpleImages/Getty Images The “luxury bourbon” market is hot in America and counterfeiters are cashing in, according to a New York Times report. Scammers refill empty bottles of premium bourbon brands with cheap whiskey and sell them for thousands of dollars. “I’ve seen suburban dads counterfeiting just for an extra buck,” a Hollywood producer told “Inside… Continue reading The market for prestige whiskeys is drawing scammers and counterfeits as coveted bottles sell for thousands of dollars
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