Binance.US urged its customers to withdraw cash from the crypto exchange in a recent notice. It said its partner banks are preparing to shut off fiat withdrawal channels. The moves are part of an “ideological campaign” against the US crypto industry, Binance said. Loading Something is loading. Thanks for signing up! Access your favorite topics… Continue reading Binance.US tells customers to withdraw their cash from the exchange as the SEC pursues its ‘ideological’ attack on the crypto industry
Tesla’s stock extends rally after General Motors joined Ford in adopting the EV leader’s charging tech
Tesla’s stock has extended gains following General Motors’ decision to adopt the EV leader’s charging plug standard. The agreement means three of the biggest sellers of electric vehicles in North America will use Tesla’s charging tech. Wedbush’s Dan Ives said this is “a large monetization opportunity” for Elon Musk’s company. Loading Something is loading. Thanks… Continue reading Tesla’s stock extends rally after General Motors joined Ford in adopting the EV leader’s charging tech
The Fed has done enough economic damage regardless of its next move and a ‘self-inflicted’ recession looks imminent, yield-curve guru Campbell Harvey says
The US economy is imminently facing a ‘self-inflicted’ recession, according to the developer of the yield-curve recession indicator. Campbell Harvey said the Fed has done enough damage already with its interest-rate hikes, regardless of its next move. He wrote in a Research Affiliates note that the chance of a hard landing scenario is increasing. Loading… Continue reading The Fed has done enough economic damage regardless of its next move and a ‘self-inflicted’ recession looks imminent, yield-curve guru Campbell Harvey says
Why we feel pressured to buy a home, even if it’s not the right choice for us
Understanding why we feel compelled to buy Bradley Ruffle, an economics professor and the academic director of McMaster University’s Decision Science Laboratory, says homeownership is often seen as a status symbol. From a behavioural economics perspective, which draws on both psychology and economics to uncover why people spend the way they do, it’s pretty clear… Continue reading Why we feel pressured to buy a home, even if it’s not the right choice for us
Stock Market Today: Stocks Finish Mixed After Bank of Canada’s Surprise Rate Hike
Stocks started Wednesday higher but retreated as the session wore on as a surprise rate hike from the Bank of Canada lifted expectations the Federal Reserve will hike interest rates at its upcoming meeting. Not helping matters was a spike in Treasury yields, which had an outsized effect on tech stocks. “The Bank of Canada… Continue reading Stock Market Today: Stocks Finish Mixed After Bank of Canada’s Surprise Rate Hike
China’s state-run banks cut deposit rates to stimulate sluggish economic growth
Six Chinese state-run banks cut their deposit rates, Bloomberg reported. This will eventually ease lending rates, prompting more borrowing among consumers and businesses. But China may still have to introduce other stimulus policies to incite further growth. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re… Continue reading China’s state-run banks cut deposit rates to stimulate sluggish economic growth
The ‘mother of all melt-ups’ in stocks could be quickly followed by a meltdown as the bubble in overvalued names pops, Ed Yardeni says
Stocks could face a meltdown as the bubble in firms riding the AI excitement pops, Ed Yardeni said. The current bull market in stocks is unusual, as they typically begin when valuations for firms are low, he said. “The problem with melt-ups is that they almost always invariably are followed by meltdowns.” Loading Something is… Continue reading The ‘mother of all melt-ups’ in stocks could be quickly followed by a meltdown as the bubble in overvalued names pops, Ed Yardeni says
GameStop plunges 22% after company fires its CEO and names meme-stock activist Ryan Cohen as executive chairman
GameStop plunged 22% on Thursday after the video game retailer fired its CEO and reported a quarterly revenue decline.GameStop had hired its now ex-CEO from Amazon in a bid to turn around the struggling retailer.The company said its largest investor, Ryan Cohen, would be named executive chairman. Loading Something is loading. Thanks for signing up!… Continue reading GameStop plunges 22% after company fires its CEO and names meme-stock activist Ryan Cohen as executive chairman
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