The S&P 500 is up about 18% from its October lows, getting close to reach bull-market status. But Barclays says “the bull case for equities, like valuations, is still a stretch.” Earnings estimates are still high for an economy that’s unlikely to skirt a recession, the bank says. Loading Something is loading. Thanks for signing… Continue reading High stock valuations suggest investors think the US economy will avoid recession, but expecting more equity gains is a stretch, Barclays says
Wharton professor Jeremy Siegel reveals his investment plan if a recession hits and reiterates his view that the stock market bottom is in
Long-time stock market bull Jeremy Siegel is getting more cautious about a potential recession.The Wharton professor said that a slew of recent economic data did not include the impact of the US banking crisis. Despite the potential for a recession, Siegel believes the October stock market lows will hold firm. Loading Something is loading. Thanks for… Continue reading Wharton professor Jeremy Siegel reveals his investment plan if a recession hits and reiterates his view that the stock market bottom is in
The crypto market rally is built on hopes of Fed rate hike slowdown and looming US credit crunch, Galaxy Digital’s Mike Novogratz says
Bitcoin notched a 10-month high Tuesday amid a broader upswing in crypto markets. Galaxy Digital CEO Mike Novogratz said markets are pricing in a Fed rate hike slowdown and a US credit crunch. In an interview with CNBC, he said recent bank failures “re-galvanized” crypto’s original use case. Loading Something is loading. Thanks for signing… Continue reading The crypto market rally is built on hopes of Fed rate hike slowdown and looming US credit crunch, Galaxy Digital’s Mike Novogratz says
Russia’s economy is becoming more dependent on China as yuan purchases more than triple
The Russian economy increased its dependence on China as the yuan becomes more prevalent. Russians bought 41.9 billion rubles worth of the yuan in March, the central bank said. That’s more than triple the 11.6 billion rubles worth that was purchased in February. Loading Something is loading. Thanks for signing up! Access your favorite topics… Continue reading Russia’s economy is becoming more dependent on China as yuan purchases more than triple
Stock Market Today: Stocks Close Mixed on Rate Hike Jitters
Stocks closed mixed Monday in a quiet session following a long holiday weekend. Traders and investors largely focused on last week’s March jobs report, which was released when the market was closed for Good Friday. Although payrolls expanded by the lowest number in more than two years, continuing labor market strength is predicted to push… Continue reading Stock Market Today: Stocks Close Mixed on Rate Hike Jitters
US tech stocks close lower in mixed session as investors weigh recession worries alongside potential for another Fed rate hike
US stocks ended Monday’s session mixed, with the Nasdaq trailing rival indexes. Investors returned from the Good Friday break anticipating another Fed rate hike after the March jobs report. Consumer inflation data and the first bank earnings after Silicon Valley Bank’s collapse are due this week. Loading Something is loading. Thanks for signing up! Access… Continue reading US tech stocks close lower in mixed session as investors weigh recession worries alongside potential for another Fed rate hike
From threatening skeptical execs to approving expenses with emojis, here are the 6 most damning claims from FTX’s first debtors report
Sam Bankman-Fried threatened FTX employees who voiced concerns about its business practices. FTX, a crypto empire once worth $32 billion, had employees file business expenses via Slack. Insider compiled the six most shocking claims about the failed crypto exchange from its debtors report. Loading Something is loading. Thanks for signing up! Access your favorite topics… Continue reading From threatening skeptical execs to approving expenses with emojis, here are the 6 most damning claims from FTX’s first debtors report
Nintendo stock jumps after ‘The Super Mario Bros. Movie’ breaks records in $377 million box office haul
Nintendo stock jumped on Monday following the successful release of “The Super Mario Bros. Movie.” The movie smashed box-office records in its opening weekend after generating $377 million in global sales. The successful movie release could lead to more of Nintendo’s content reaching the big screen. Loading Something is loading. Thanks for signing up! Access… Continue reading Nintendo stock jumps after ‘The Super Mario Bros. Movie’ breaks records in $377 million box office haul
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