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 sues Coinbase for violating securities regulations
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
The Power of Shareholder Proposals
A shareholder proposal gives investors a seat at the boardroom table. If you own stock in a large, publicly-traded company, chances are it has weathered at least one shareholder proposal in recent years. Investors have used this powerful tool to advocate for changes they believe will enhance shareholder value, such as limiting CEO pay or… Continue reading The Power of Shareholder Proposals
Elon Musk’s Neuralink sees valuation soar to $5 billion after private stock trades, report says
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
A recession is unlikely to hit the US economy in the next 12 months after Friday’s hot jobs report
The odds of a recession in the next 12 months fell considerably after May’s strong jobs report, DataTrek Research said.The May report showed that 339,000 jobs were added to the economy last month, well ahead of economist estimates.”History does support the idea that May’s job growth pushes back the start of a US recession by… Continue reading A recession is unlikely to hit the US economy in the next 12 months after Friday’s hot jobs report
Top economist David Rosenberg sounds the recession alarm, pointing to 2 key indicators that are flashing red
The US economy is barreling toward an inevitable recession, David Rosenberg says. The Rosenberg Research chief pointed to two key economic indicators that are flashing red. Rosenberg ruled out a “soft landing” where the Fed reins in inflation without causing a recession. Loading Something is loading. Thanks for signing up! Access your favorite topics in… Continue reading Top economist David Rosenberg sounds the recession alarm, pointing to 2 key indicators that are flashing red
Top banks may have to increase their capital buffers by 20%, report says
Big banks may have to boost their capital buffers by about 20%, sources told the Wall Street Journal. Regulators could propose the increase as soon as this month, the report said. Banks with at least $100 billion in assets may have to comply with tougher capital rules. Loading Something is loading. Thanks for signing up!… Continue reading Top banks may have to increase their capital buffers by 20%, report says
The stock market could rally 20% through the rest of this year if it can clear 3 key hurdles, Fundstrat says
Stocks are in for a 20% rally through the rest of 2023 if they can clear three hurdles, Fundstrat’s Tom Lee said. Lee pointed to signs of falling inflation and improving market breadth that support his bull case. He has made the case for months that a new bull market is emerging in stocks. Loading… Continue reading The stock market could rally 20% through the rest of this year if it can clear 3 key hurdles, Fundstrat says
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