The highest inflation in four decades and the prospect of rising interest rates has jolted stocks. Julian Emanuel of Evercore says investors can expect elevated volatility, but eventual gains. Emanuel says investors should pick healthcare stocks that don’t track US rates. One reason the stock market is so nervous about high inflation and rising interest… Continue reading Investors should buy healthcare stocks to fight inflation, $12 billion Wall Street firm Evercore says — and these 17 should outperform even if the Fed raises rates dramatically this year
Signals of an economic recession are beginning to flash as ‘sputtering consumer’ lacks fresh stimulus, Jeffrey Gundlach says
The economy could be on the verge of a recession as “sputtering consumers” lack fresh stimulus, Doubleline’s Jeffrey Gundlach told CNBC on Friday.He said recessionary indicators in the bond market are beginning to percolate, and they could be exacerbated by interest rate hikes.”This is a prelude to panic, and unfortunately that’s where I think we… Continue reading Signals of an economic recession are beginning to flash as ‘sputtering consumer’ lacks fresh stimulus, Jeffrey Gundlach says
Oil prices could hit $120 per barrel in June before heading back to earth as travel demand rebounds, Bank of America says
Oil prices could surge 32% to $120 per barrel by June as travel demand rebounds, Bank of America said in a Tuesday note.Higher demand for jet fuel, combined with low inventories and geopolitical tensions could send the commodity to levels not seen since 2012, the bank said.But such a surge would be temporary, with prices… Continue reading Oil prices could hit $120 per barrel in June before heading back to earth as travel demand rebounds, Bank of America says
Rumble SPAC soars 43% after it offers Joe Rogan $100 million to ditch Spotify and join the YouTube competitor
CF Acquisition VI soared as much as 43% on Monday after the company it’s merging with tried to poach Joe Rogan from Spotify.Rumble, a video-sharing platform that competes with YouTube, offered Rogan $100 million over four years if he left Spotify and moved his podcast to Rumble. Rogan has come under fire in recent weeks for… Continue reading Rumble SPAC soars 43% after it offers Joe Rogan $100 million to ditch Spotify and join the YouTube competitor
Evercore names 26 meme stocks that are primed to recover in the weeks ahead as ‘abject despair’ of risk assets fades after declines of up to 50%
“Meme stocks” like AMC Entertainment have fallen hard after their stunning rise in early 2021. Risky stocks have taken a beating recently as investors worry about rising interest rates. Julian Emanuel of Evercore says meme stocks could rally as investor sentiment recovers. The journey “to the moon” seems to have stopped a little bit short.… Continue reading Evercore names 26 meme stocks that are primed to recover in the weeks ahead as ‘abject despair’ of risk assets fades after declines of up to 50%
‘Shark Tank’ star Kevin O’Leary says he’s buying the dip in Facebook parent Meta after the stock’s record one-day crash
Kevin O’Leary told CNBC he’s going to buy Facebook parent Meta as institutions adjust their holdings The “Shark Tank” star noted Facebook is still one of the biggest ad platforms in the world. “And for those that were at 2 % or 3% — they’re going to buy into the flushing, and that’s what I’m… Continue reading ‘Shark Tank’ star Kevin O’Leary says he’s buying the dip in Facebook parent Meta after the stock’s record one-day crash
El Salvador’s Chivo bitcoin wallet gets a new software developer after complaints about ID theft and disappearing funds
El Salvador has signed up software developer AlphaPoint to improve its Chivo bitcoin wallet. People using the wallet have complained about issues like disappearing funds and identity theft. El Salvador issued the wallets to citizens after it adopted bitcoin as legal tender last year. El Salvador has enlisted a new crypto software provider for its… Continue reading El Salvador’s Chivo bitcoin wallet gets a new software developer after complaints about ID theft and disappearing funds
Ether beat bitcoin as the most donated cryptocurrency for the first time in 2021, data shows
A visual representation of the digital cryptocurrency, ether. Photo by S3studio/Getty Images Ether beat bitcoin as the most-donated crypto in 2021 with $30.79 million in donation volume. The data was released Wednesday by The Giving Platform, a crypto philanthropy platform for organizations and individuals. Bitcoin was the second most donated crypto, followed by USD Coin.… Continue reading Ether beat bitcoin as the most donated cryptocurrency for the first time in 2021, data shows
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