Investors abandoned growth stocks in 2022 due to higher interest rates and a threat of a recession. However, the third-quarter earnings season suggests the anticipated economic slowdown might not be as bad as Wall Street expected. FactSet data shows 26% fewer CEOs using the word “recession” in Q3 conference calls compared to the second quarter.… Continue reading The 9 Best Growth Stocks to Buy Right Now
Amazon Stock Is a Top Pick for 2023, Analysts Say
Amazon.com (AMZN (opens in new tab)) stock has had a terrible 2022, but Wall Street says the e-commerce and cloud-computing (opens in new tab) giant is positioned for outsized returns next year. J.P. Morgan analyst Doug Anmuth reminded clients of that fact on Monday, calling Amazon stock one of the research firm’s best ideas for… Continue reading Amazon Stock Is a Top Pick for 2023, Analysts Say
Crypto exchange Kraken will pay more than $360,000 to settle allegations it violated US sanctions by serving users in Iran
Crypto exchange Kraken will pay $362,000 to settle allegations it violated US sanctions againts Iran. The Treasury said Kraken processed transactions valued at $1.68 million on behalf of users who appeared to have been located in Iran. The exportation of services and goods to Iran is prohibited under sanctions imposed in 1979. Loading Something is… Continue reading Crypto exchange Kraken will pay more than $360,000 to settle allegations it violated US sanctions by serving users in Iran
Dow sinks 500 points as China protests and hawkish Fed comments rattle markets
Jennifer Sor Protesters shout slogans during a protest against Chinas strict zero COVID measures on November 28, 2022 in Beijing, China. Kevin Frayer/Getty Images Stocks sank on Monday as protestors in China and hawkish comments from Fed officials weighed on the market. Unrest over China’s zero-COVID policy could exacerbate supply-chain issues, which are partly responsible… Continue reading Dow sinks 500 points as China protests and hawkish Fed comments rattle markets
The stock market will fall 25% when the looming US recession hits in mid-2023, Deutsche Bank says
Major stock markets will plunge 25% when a looming recession hits next year, Deutsche Bank says. Analysts also see earnings per share among S&P 500 companies falling to $195 in 2023 from $222 in 2022. After the Fed’s rate hikes, the investment bank expects markets to recover by year-end 2023. Loading Something is loading. Thanks… Continue reading The stock market will fall 25% when the looming US recession hits in mid-2023, Deutsche Bank says
FTX’s collapse shows that lawmakers need to learn more about crypto to properly regulate it, according to a Republican lawmaker who’s pushing a bipartisan digital assets bill
FTX’s collapse underscores the need for US lawmakers to learn about crypto and widen regulation, Senator Cynthia Lummis says. Lummis introduced a bipartisan crypto bill with Democratic Senator Kirsten Gillibrand in June. The Wyoming senator holds bitcoin in a blind trust. Loading Something is loading. Thanks for signing up! Access your favorite topics in a… Continue reading FTX’s collapse shows that lawmakers need to learn more about crypto to properly regulate it, according to a Republican lawmaker who’s pushing a bipartisan digital assets bill
Russian oil is now 20% below the proposed price cap as EU nations remain split in talks
Russia’s Urals crude oil fell to $51.96 per barrel at the Primorsk Baltic Sea port. That’s 20% lower than the European Union’s proposed price cap of $65 per barrel, though some nations want it lower. EU member countries are resuming talks on Monday over the Russia oil price cap. Loading Something is loading. Thanks for… Continue reading Russian oil is now 20% below the proposed price cap as EU nations remain split in talks
Five pieces of recession-proof financial advice for new graduates
There is hope and opportunity even in times of economic shakiness One of the best decisions you can make as a new graduate is to continue investing in yourself, writes Susan O’Brien. Photo by David Bloom/Postmedia files For the second time in a bit more than a decade, another crop of post-secondary graduates is entering… Continue reading Five pieces of recession-proof financial advice for new graduates
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