Wharton professor Jeremy Siegel believes the stock market is on the cusp of a new bull market.Siegel thinks most of Wall Street is too bearish on stocks as they expect a big sell-off in the first half of 2023.”When everyone is on one side, they’re usually wrong,” Siegel told CNBC on Friday. Loading Something is… Continue reading Wharton professor Jeremy Siegel says stocks are on the cusp of a new bull market
Alameda liquidators just lost $72,000 on a DeFi lending platform while trying to recover funds for creditors, analytics firm says
Alameda liquidators lost $72,000 worth of crypto while trying to recover funds, per a report from Arkham Intelligence. These assets will no longer be recoverable for creditors. The restructuring team has retrieved $5 billion worth of liquid assets so far, attorneys said on Wednesday. Loading Something is loading. Thanks for signing up! Access your favorite topics… Continue reading Alameda liquidators just lost $72,000 on a DeFi lending platform while trying to recover funds for creditors, analytics firm says
Tesla’s price cuts will cause earnings to plunge 25%, but the EV maker is repairing its brand for long-term gain, Loup’s Gene Munster says
Tesla’s price cuts will cause earnings to dive 25% this year, according to Loup’s Gene Munster. But the move could be favorable with consumers and heal brand issues stemming from Elon Musk. “It’s a win for consumers and Tesla’s brand. Tesla is going to gain market share near term,” Munster said. Loading Something is loading.… Continue reading Tesla’s price cuts will cause earnings to plunge 25%, but the EV maker is repairing its brand for long-term gain, Loup’s Gene Munster says
China’s trade with Russia hit a record $190 billion in 2022 as Moscow deepens partnership with Beijing amid withering western sanctions
China’s trade with Russia hit a record $190 billion in 2022, a sign Moscow is deepening its partnership with Beijing. Trade with Russia made up 3% of China’s total trade volume last year, per a Reuters report. China has snapped up Russian fossil fuels since the invasion of Ukraine while the West shuns Russia as… Continue reading China’s trade with Russia hit a record $190 billion in 2022 as Moscow deepens partnership with Beijing amid withering western sanctions
Pimco says ‘bonds are back’ with a recession likely this year
Bonds have ‘the potential for both attractive returns and mitigation against downside risks’ Author of the article: Bloomberg News Michael MacKenzie Published Jan 12, 2023 • 2 minute read Join the conversation A Pimco advertisement in Hong Kong. Photo by Brent Lewin/Bloomberg files There’s “a strong case for investing in bonds” as a recession looms… Continue reading Pimco says ‘bonds are back’ with a recession likely this year
U.S. inflation cools again, giving Fed room to slow rate hikes
More evidence that price pressures have peaked Author of the article: Bloomberg News Reade Pickert Published Jan 12, 2023 • 1 minute read Join the conversation The U.S. consumer price index was up 6.5 per cent from a year earlier. Photo by Spencer Platt/Getty Images U.S. inflation continued to slow in December, adding to evidence… Continue reading U.S. inflation cools again, giving Fed room to slow rate hikes
Barry Choi: 4 travel deals to help you beat Blue Monday, plus how to protect your trip
Don’t miss: This cash back app pays actual cash A low credit score can cost you thousands in interest — here’s how you can prevent that 5 mistakes Canadian parents are making with their life insurance Say goodbye to winter Anyone looking for a change in temperature can get up to 40 per cent off… Continue reading Barry Choi: 4 travel deals to help you beat Blue Monday, plus how to protect your trip
Subway — one of world’s biggest fast-food chains — exploring sale that could top $10 billion, source says
With 37,000 locations the sandwich chain is bigger than McDonald’s Author of the article: Bloomberg News Gillian Tan and Jonathan Roeder Published Jan 12, 2023 • 2 minute read Join the conversation Subway is one of the world’s largest quick-service restaurant chains, with about 37,000 locations in more than 100 countries. Photo by Michael Nagle… Continue reading Subway — one of world’s biggest fast-food chains — exploring sale that could top $10 billion, source says
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