Nobel economist Paul Krugman said hopes for a soft landing of the economy are ‘still very much alive.’ Krugman was responding to the latest US jobs report and unemployment rate. Recent labor-market cooling without a rise in unemployment is good news for the US economy, he said on Twitter. Loading Something is loading. Thanks for… Continue reading Nobel economist Paul Krugman says hopes for a soft landing of the US economy are ‘still very much alive’
Bitcoin’s biggest rally since 2021 is fizzling out
Bitcoin has slumped nearly 10% over the past month after starting 2023 on a tear. The token is trailing gold and lagging stocks and bonds over that period. Ether, solana, and dogecoin have all also posted losses over the past month. Loading Something is loading. Thanks for signing up! Access your favorite topics in a… Continue reading Bitcoin’s biggest rally since 2021 is fizzling out
FAANG stocks could soar 50% this year thanks to long-term demand for tech goods and no new competition, Fundstrat’s Tom Lee says
FAANG stocks have room to advance further, likely rising as much as 50% this year, according to Fundstrat’s Tom Lee. “You can’t really say that you’re going to have diminished demand for these products,” he told CNBC. Big Tech stocks such as Meta and Alphabet have enjoyed a scorching rally in 2023 following last year’s… Continue reading FAANG stocks could soar 50% this year thanks to long-term demand for tech goods and no new competition, Fundstrat’s Tom Lee says
Galaxy Digital will move more of its operations offshore because of a ‘regulatory headache’ in the US, billionaire crypto bull Mike Novogratz says
Galaxy Digital will move more of its operations offshore, Mike Novogratz says. High-profile collapses have created a “regulatory headache” for the crypto firm in the US, he told analysts. “We still have a hangover … from the denting of trust that FTX and other bad actors in the space created,” Novogratz added. Loading Something is… Continue reading Galaxy Digital will move more of its operations offshore because of a ‘regulatory headache’ in the US, billionaire crypto bull Mike Novogratz says
Stanley Druckenmiller rings the alarm on an imminent recession – and says AI could rival the internet in impact
Stanley Druckenmiller predicts a “hard landing” for the US economy, and a recession in short order. The investor cited falling retail sales and ongoing banking pressures as key headwinds. Druckenmiller suggested AI could rival the internet in terms of technological impact. Loading Something is loading. Thanks for signing up! Access your favorite topics in a… Continue reading Stanley Druckenmiller rings the alarm on an imminent recession – and says AI could rival the internet in impact
Brace for a real-estate recession as commercial property will be the next domino to fall in the US, says top Guggenheim and Apollo execs
A real-estate recession is coming as commercial property will be the next domino to fall, according to top execs. “That’s the next shoe to drop in the US. Like everything else, it has been priced so tightly,” Apollo’s co-president told the FT. Tighter credit conditions and remote-work trends are among factors disrupting the commercial property… Continue reading Brace for a real-estate recession as commercial property will be the next domino to fall in the US, says top Guggenheim and Apollo execs
A US debt default will have ‘unquantifiable’ adverse consequences and unthinkable long-term implications, Wall Street experts warn
A group of 17 top financial experts warned of “unquantifiable” consequences to come if the US defaults on its debt. In a letter addressed to Treasury Secretary Janet Yellen, they made the case for possibly repealing the debt limit altogether. The group warned that the ongoing political deadlock is particularly harmful in the midst of… Continue reading A US debt default will have ‘unquantifiable’ adverse consequences and unthinkable long-term implications, Wall Street experts warn
Education stocks plummeted after Chegg’s CEO warned about ChatGPT – but don’t write off entire sectors just yet
Chegg’s stock price crashed last week after the education company’s CEO said ChatGPT was impacting customer growth. Fellow digital learning firm Pearson also plummeted on Dan Rosensweig’s warning. But investors shouldn’t write off entire sectors just yet, according to analysts. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized… Continue reading Education stocks plummeted after Chegg’s CEO warned about ChatGPT – but don’t write off entire sectors just yet
Recent Post
