Markets

Apple could be valued at $4 trillion by the end of 2025, Wedbush estimated. That’s due to key developments, like its next iPhone cycle and the new Vision Pro headset. It’s a sign Apple is “playing chess” while others in the industry are playing checkers, the research firm said. Loading Something is loading. Thanks for… Continue reading Apple could be a $4 trillion company by the end of 2025 as the tech giant is ‘playing chess while others play checkers,’ Wedbush says

Billionaire investor Jeff Greene expects a painful downturn and a potential slump in house prices. The real-estate tycoon says the Fed’s rate hikes will deal heavy blows to several industries. Greene expects an economic slump, AI, and remote working to weigh on commercial real estate. Loading Something is loading. Thanks for signing up! Access your… Continue reading Real-estate billionaire Jeff Greene warns the US economy is headed for trouble – and house prices may tumble

Signs of de-dollarization are showing in FX and central bank reserves, JPMorgan said. But the dollar remains the dominant currency in global transactions. “Some signs of de-dollarization are emerging; this trend is likely to persist but USD should maintain its large footprint for the foreseeable future.” Loading Something is loading. Thanks for signing up! Access… Continue reading De-dollarization signs are emerging as the greenback slides in currency reserves, JPMorgan says

Home prices may fall as recent gains and higher borrowing costs restrain demand, Jeremy Siegel says. The retired Wharton professor noted mortgage rates have ticked up to about 7% in recent days. Siegel welcomed a “truly Goldilocks situation” for stocks as the threat of further rate hikes fades. Loading Something is loading. Thanks for signing… Continue reading US house prices may slide as their recent strength and steeper mortgage rates hit demand, Wharton professor Jeremy Siegel says

Coinbase stock plunged 21% on Tuesday after the SEC sued the company and alleged it operates as an unregistered exchange.The lawsuit comes one day after the SEC sued Binance for running an unregistered crypto exchange.”Coinbase’s alleged failures deprive investors of critical protections, including rulebooks that prevent fraud and manipulation,” SEC chairman Gary Gensler said. Loading… Continue reading Coinbase plunges 18% after the SEC sues the crypto exchange for breaking US securities laws

The dollar’s dominance is under no threat, according to SPAC king Chamath Palihapitiya. The venture capitalist pointed to the dollar’s widespread and stable use as a foreign reserve currency. That means the greenback is likely to stay dominant in global markets, he said on the “All-In Podcast.” Loading Something is loading. Thanks for signing up!… Continue reading There’s no threat to the dollar’s global dominance and central banks are still banking the US currency ‘like nobody’s business,’ Chamath Palihapitiya says

The SEC on Tuesday sued Coinbase, the largest US crypto exchange, with violating securities laws.  The suit comes one day after the regulator sued Binance and its CEO, Changpeng Zhao.  Coinbase stock fell as much as 21% on the day. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized… Continue reading The SEC sues Coinbase for violating securities regulations

Secondary trades of Neuralink stock have pushed the startup’s value to around $5 billion, Reuters said. Two years ago, the brain implant company was valued at close to $2 billion. Currently, 85% of pre-IPO companies are undergoing a 47% discount in secondary trades. Loading Something is loading. Thanks for signing up! Access your favorite topics… Continue reading Elon Musk’s Neuralink sees valuation soar to $5 billion after private stock trades, report says