A global recession seems to be looming over investors. According to a probability model run by The Conference Board (opens in new tab) in October 2022, there is a 96% likelihood of a recession in the U.S. within the next 12 months. Expectedly, investors are spooked, and rightly so: Interest rates have increased, down payments… Continue reading 5 Investing Choices for a Volatile Market
A ‘volatility event’ will plunge the stock market to new lows in the next 6 months, Fairlead’s Katie Stockton says
The stock market is poised to plunge to new lows in the first half of 2023, according to Fairlead Strategies’ Katie Stockton.Stockton told CNBC on Tuesday that a “volatility event” could send the VIX soaring to 50.”The seasonal influences are sort of petering off here in terms of that Santa Claus rally, so we’re losing… Continue reading A ‘volatility event’ will plunge the stock market to new lows in the next 6 months, Fairlead’s Katie Stockton says
Apple gets its price target slashed by nearly 13% at Wedbush, but it says the tech giant’s demand story still looks more resilient than Wall Street believes
Apple’s price target was cut by more than 12% to $175 at Wedbush Securities on Wednesday. Demand headwinds are creeping into Apple’s growth story but the overall picture is more resilient than Wall Street is seeing, the firm said. Analyst Dan Ives said Apple “should remain a Rock of Gibraltar name into 2023.” Loading Something… Continue reading Apple gets its price target slashed by nearly 13% at Wedbush, but it says the tech giant’s demand story still looks more resilient than Wall Street believes
Former SPAC exec pleads guilty to defrauding people of $5 million to trade crypto and meme stocks
The former chief financial officer for two SPACs pleaded guilty to wire fraud, the DOJ said Wednesday. Cooper Morgenthau was charged with embezzling $5 million to trade crypto and meme stocks. Morgenthau falsified bank statements to shield his losses to accountants and auditors, the DOJ said. Loading Something is loading. Thanks for signing up! Access… Continue reading Former SPAC exec pleads guilty to defrauding people of $5 million to trade crypto and meme stocks
Russia’s war revenue fell by $15 million in the last week of the year as crude exports plunged to lowest levels of 2022
The EU’s ban and price cap on Russian oil dented Moscow’s export revenue in the last week of 2022. Revenue from Russia’s crude-export duty fell by $15 million, or 12%, to $108 million in the seven days to December 30. The latest sanctions on Russian oil exports took effect on December 5. Loading Something is… Continue reading Russia’s war revenue fell by $15 million in the last week of the year as crude exports plunged to lowest levels of 2022
One of the world’s largest bitcoin miners will shut off thousands of mining rigs tied to bankrupt Celsius as part of the firms’ bankruptcy proceedings
Core Scientific will shut down thousands of bitcoin mining rigs tied to Celsius. Core Scientific says the mining rigs are costing the firm $2 million in revenue per month, per court filings. Both companies filed for Chapter 11 bankruptcy last year amid the crypto bear market. Loading Something is loading. Thanks for signing up! Access… Continue reading One of the world’s largest bitcoin miners will shut off thousands of mining rigs tied to bankrupt Celsius as part of the firms’ bankruptcy proceedings
More pension plans in surplus due to higher interest rates, but inflation risks abound: Mercer
Rapid increase in rates is helping in the solvency of defined-benefit pension plans Of the defined-benefit pension plans in Mercer Pension Health Pulse’s database, 79 per cent are estimated to be in a surplus position on a solvency basis. Photo by Brent Lewin/Bloomberg files Higher interest rates are causing headaches for some homeowners, but one… Continue reading More pension plans in surplus due to higher interest rates, but inflation risks abound: Mercer
Stock Market Today: Stocks Stumble on Downbeat Data, Recession Fears
Stocks kicked off the first trading day of the new year in much the same fashion as they closed out 2022 – with broad-based declines on comparatively light volume. Some downbeat economic data (opens in new tab) and a gloomy outlook from the International Monetary Fund weighed on sentiment Tuesday, while steep selloffs in key… Continue reading Stock Market Today: Stocks Stumble on Downbeat Data, Recession Fears
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