Markets

An incredibly rare Magic: The Gathering card from a new expansion was found on Friday. It could be worth seven figures. The owner has remained anonymous, but the card could sell for over $2 million. Since it was found, Magic packs from the same set have fallen in value as collectors give up the hunt. … Continue reading Someone has found what could be the first Magic: The Gathering card worth 7 figures

The ongoing rally in the stock market could become unsustainable if a melt-up happens, according to market veteran Ed Yardeni.He observed that as investors turn more bullish on stocks, the Federal Reserve is staying hawkish.”Valuations are getting stretched again,” Yardeni warned clients in a Monday note. Loading Something is loading. Thanks for signing up! Access… Continue reading Stock gains might be unsustainable as investors get more bullish while the Fed stays hawkish

Tesla stock surged as much as 9% on Monday after the company delivered 466,000 vehicles last quarter.The strong beat will “put the bears back into hibernation mode in what could be a short covering for the ages.”Here’s how Wall Street is reacting to Tesla’s better-than-expected second-quarter vehicle deliveries. Loading Something is loading. Thanks for signing… Continue reading ‘Will send bears into hibernation mode’: Here’s how Wall Street is reacting to Tesla’s 2nd-quarter deliveries beat

Tesla delivered a record 466,000 cars in the second quarter of 2023, beating expectations and fueling a rally in the shares on Monday. But that masked an important stat: the company made more cars than it delivered for the fifth straight quarter. That means Elon Musk needs to figure out how to keep boosting demand… Continue reading Wall Street is loving Tesla’s latest delivery figures – but one stat suggests Elon Musk’s EV maker still has to figure out how to boost demand even further

Ballooning debt will force the Federal Reserve to bring back quantitative easing, Michael Howell wrote. He said in the Financial Times that the Fed’s balance sheet will have to double. “Investors should therefore expect a continuing tail wind from global liquidity instead of last year’s severe headwinds.” Loading Something is loading. Thanks for signing up!… Continue reading Forget quantitative tightening – the Fed will double its balance sheet to over $16 trillion, boosting stocks

Wall Street experts see another online dating app boom coming, despite dismal stock performance since 2021. Players like Match Group have shed around 75% of their value since peaking in 2021. But online dating isn’t dead, analysts say, though investors are wary of placing bets on love as a recession looms. Loading Something is loading.… Continue reading Wall Street analysts are betting on another online dating boom, but investors still aren’t sure about the swipe-right revolution

Former President Obama praised the Biden administration for driving unemployment to historic lows. The jobs boom is helping many Americans afford to feed, house, and care for their families, he said. Obama reflected on the financial crisis and explained why he didn’t punish those who caused it. Loading Something is loading. Thanks for signing up!… Continue reading Obama hails Bidenomics for fueling a jobs boom that’s helping American families weather inflation

JPMorgan Private Bank says the US is “more likely than not” to slip into recession by year-end.  In its 2023 midyear outlook, the wealth management firm said there are five ways investors can navigate the downturn.   These include investing abroad, buying bonds, and finding opportunities in industries hit by high interest rates. Loading Something is… Continue reading JPMorgan’s wealth management arm says these 5 strategies can help investors navigate a recession