US dollars and Treasurys still remain global safe havens, according to Goldman Sachs.The comments came after Fitch downgraded US debt to AA+ from AAA.”Investors still need to turn to Treasuries when they need safety in a hurry,” Goldman said. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed… Continue reading The US dollar and Treasurys remain global safe havens even after Fitch’s debt downgrade, Goldman Sachs says
Elon Musk has a plan to create a hub on X for users to trade stocks, report says
Elon Musk’s X app is looking to build a stock-trading hub within the platform, according to Semafor. The outlet cited sources and a request for plans sent to large financial-data firms by X. Musk said, “No work is being done on this to the best of my knowledge.” Loading Something is loading. Thanks for signing… Continue reading Elon Musk has a plan to create a hub on X for users to trade stocks, report says
‘Rich Dad Poor Dad’ author Robert Kiyosaki warns of a market ‘crash landing’ after US credit rating gets slashed
Investors should brace for an epic “crash landing” to hit markets and the economy, Robert Kiyosaki said. The “Rich Dad Poor Dad” author pointed to Fitch’s move to slash the US credit rating from AAA to AA+. That’s the “first shoe to drop,” Kiyosaki said, suggesting more tumult was on the way. Loading Something is… Continue reading ‘Rich Dad Poor Dad’ author Robert Kiyosaki warns of a market ‘crash landing’ after US credit rating gets slashed
US stocks fall as Dow sheds nearly 350 points after Fitch credit-rating downgrade
Phil Rosen : Traders work on the floor of the New York Stock Exchange (NYSE) on June 01, 2023 in New York City. Despite the passing the debt ceiling bill in the U.S. House of Representatives, the Dow was lower in morning trading. Spencer Platt/Getty US stocks dropped Wednesday, with the Dow shedding nearly 350… Continue reading US stocks fall as Dow sheds nearly 350 points after Fitch credit-rating downgrade
Stocks are on track for a 28% gain this year, and the bull market will stretch into 2024, Oppenheimer says
The S&P 500 is on track to gain 28% this year after a dismal 2022, Oppenheimer said. The investment bank raised its price target for the benchmark index to 4,900. That’s thanks to the resilience of the US economy as inflation continues to cool. Loading Something is loading. Thanks for signing up! Access your favorite… Continue reading Stocks are on track for a 28% gain this year, and the bull market will stretch into 2024, Oppenheimer says
China has to stabilize its housing market and address risks to its economy if it wants to avoid ‘Japanification’, JPMorgan says
JPMorgan strategists warned that China could turn into the Japan of the 1990s unless it addresses specific economic challenges. China has a rapidly aging population and a difficult macro environment, but it also has some strong points. Beijing must stabilize its housing market to avoid the same pitfalls Japan faced decades prior. Loading Something is… Continue reading China has to stabilize its housing market and address risks to its economy if it wants to avoid ‘Japanification’, JPMorgan says
The housing market may be about to get even more unaffordable as home prices are set to spike 6% in 2023 and 7% in 2024, think tank says
The housing market is about to get even more unaffordable as the cost of buying a home jumps. Home prices could spike 6% this year and 7% in 2024, the AEI Housing Center estimated. That will add more strain to buyers who are slammed with high mortgage rates. Loading Something is loading. Thanks for signing… Continue reading The housing market may be about to get even more unaffordable as home prices are set to spike 6% in 2023 and 7% in 2024, think tank says
‘Another flex the muscles moment’: Here’s what Wall Street expects from Apple’s upcoming earnings report
All eyes are on Apple as the iPhone maker reports its fiscal third-quarter earnings results on Thursday.The world’s largest company is expected to show continued resiliency in growth in its Services business.Here’s what Wall Street expects from Apple’s upcoming earnings report. Loading Something is loading. Thanks for signing up! Access your favorite topics in a… Continue reading ‘Another flex the muscles moment’: Here’s what Wall Street expects from Apple’s upcoming earnings report
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