The US dollar could weaken 10%-15% by the middle of 2024, Stephen Jen at Eurizon SLJ Capital wrote in a note. As inflation continues to cool, the central bank could cut rates in 2023, which would lead to the dollar’s depreciation, Jen said. “As the USD loses cyclical support, the US’ familiar structural flaws might… Continue reading The US dollar could weaken another 15% over the next 18 months as cooling inflation prompts the Fed to cut rates, research firm says
SPAC king Chamath Palihapitiya says higher rates have created a ‘wave a destruction’ across whole sectors
Higher interest rates are creating unprecedented headwinds for businesses, according to Chamath Paliphitiya. In a letter, Paliphitiya pointed to “destruction” across multiple sectors, thanks to tighter financial conditions. Some companies that Paliphitiya helped take public via SPAC have faltered as rates surged. Loading Something is loading. Thanks for signing up! Access your favorite topics in… Continue reading SPAC king Chamath Palihapitiya says higher rates have created a ‘wave a destruction’ across whole sectors
Stock Market Today: Stocks Slip as Recession Worries Rise
Downbeat economic reports ramped up recession fears Tuesday, putting pressure on stocks throughout the session. While the major market indexes traded higher early on, they gradually headed lower over the course of the day as today’s data indicated the Fed’s efforts to slow the economy are working. The Labor Department said this morning that… Continue reading Stock Market Today: Stocks Slip as Recession Worries Rise
Best Cash Cows to Buy Now
Investors love cash cows – companies that generate consistent free cash flow. FCF, as it is often abbreviated, is what is left over or “free” from operating cash flow after deducting capex payments and working capital requirements. These stocks tend to do well over time. This is because firms with high FCF margins (i.e., free… Continue reading Best Cash Cows to Buy Now
Are Regional Bank Stocks a Buy?
Shares in regional bank stocks have stabilized recently, but analysts say both technical and fundamental factors make it too soon to call a bottom in the sector. The collapses of Silicon Valley Bank and Signature Bank sparked turmoil throughout the regional bank sector in March, necessitating government intervention. And while the worst of the crisis… Continue reading Are Regional Bank Stocks a Buy?
C3.ai plunges 26% after short-seller says the buzzy AI company has ‘serious accounting and disclosure issues’
C3.ai plummeted 26% on Tuesday after a short seller alleged serious accounting issues. Kerrisdale Capital said in a letter that C3.ai has inflated metrics to meet analyst estimates. “The American public markets have no place for deceitful accounting,” Kerrisdale wrote. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized… Continue reading C3.ai plunges 26% after short-seller says the buzzy AI company has ‘serious accounting and disclosure issues’
Jimmy Buffett, LeBron James, Tom Ford, and Tiger Woods are all officially billionaires
Jimmy Buffett, LeBron James, Tom Ford, and Tiger Woods joined Forbes’ annual billionaires list this year. The “Margaritaville” singer is on the lower end of the world’s richest list with a $1 billion fortune. Ford made it after selling his fashion brand to Estée Lauder for $2.8 billion in November. Loading Something is loading. Thanks… Continue reading Jimmy Buffett, LeBron James, Tom Ford, and Tiger Woods are all officially billionaires
US stocks snap 4-day winning streak as job openings fall and JPMorgan boss warns of more bank turmoil
Matthew Fox Photo by TIMOTHY A. CLARY/AFP via Getty Images) US stocks snapped a four-day win streak on Tuesday as investors worry about the direction of the economy.Job openings fell below 10 million last month to the lowest level in nearly two years.Meanwhile, JPMorgan CEO Jamie Dimon warned investors that the US banking crisis is… Continue reading US stocks snap 4-day winning streak as job openings fall and JPMorgan boss warns of more bank turmoil
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