Goldman Sachs has said the US dollar faces a number of risks, and could become a lesser currency like the UK pound. The US’ tough sanctions on Russia have raised concerns that countries around the world could try to move away from the dollar. Goldman said the US’ foreign debts mean that foreign investors may… Continue reading Goldman Sachs warns the dollar is at risk of losing its dominance, and could end up a lesser player like the UK pound
Bored Ape Yacht Club told users not to mint any NFTs after its Discord was hacked briefly
Bored Ape Yacht Club’s official Discord channel was briefly compromised, the company tweeted Friday. A phishing attack infiltrated the Discord group and tried to bait users into minting fake Bored Ape NFTs. Other collections the attacker targeted with the phishing tool included Doodles, Shamanzs, and Nyoki. Loading Something is loading. Bored Ape Yacht Club warned… Continue reading Bored Ape Yacht Club told users not to mint any NFTs after its Discord was hacked briefly
Digital World SPAC tied to Trump’s Truth Social extends two-day decline to 13% after app downloads plummet
Digital World Acquisition extended its two-day decline to 13% as downloads of Truth Social plummet.The Digital World SPAC has plans to merge with a new social media app launched by former President Donald Trump.Downloads of the Truth Social app have dropped by 95% in recent weeks, according to Bloomberg. Loading Something is loading. Digital World… Continue reading Digital World SPAC tied to Trump’s Truth Social extends two-day decline to 13% after app downloads plummet
US stocks edge higher as investors weigh what a solid jobs report means for Fed rate hikes
US stocks rose Friday following a largely solid March jobs report. The US economy added 431,000 job, and the unemployment rate fell to 3.6%. The S&P 500 begins the second quarter after coming off its first quarterly loss since the pandemic started. Loading Something is loading. Stocks rose Friday as investors started trading in April… Continue reading US stocks edge higher as investors weigh what a solid jobs report means for Fed rate hikes
Housing Market Faces a World of Pain
Several ominous signs face the housing market. First, the average 30-year fixed-rate mortgage soared to a three-year high of 4.67% in the week ended March 31, according to housing agency Freddie Mac. That’s up from 4.42% a week ago and 3.18% a year ago, To be sure, the rate is down from 6.4% in October 2007. The… Continue reading Housing Market Faces a World of Pain
Stock Market Today: Stocks Close Out Worst Quarter Since Q1 2020 | Kiplinger
Stocks spent the last day of March much as they’ve spent the past few months – trading in negative territory. Today’s decline followed an onslaught of economic reports. On the inflation front, data from the Commerce Department showed that the personal consumption expenditures (PCE) index – which measures the price change of goods and services… Continue reading Stock Market Today: Stocks Close Out Worst Quarter Since Q1 2020 | Kiplinger
7 Defense Stocks to Buy as Geopolitical Risks Rise | Kiplinger
Russia’s invasion of Ukraine has, among other things, unsettled much of the stock market. However, one corner of the market has experienced a lift as a result, and stands to keep benefiting should this conflict continue or other geopolitical risks rise: defense stocks. “Even before the Russia and Ukraine conflict became front-page news, there was… Continue reading 7 Defense Stocks to Buy as Geopolitical Risks Rise | Kiplinger
10 Best Inflation-Fighting ETFs for Higher Costs | Kiplinger
Inflation continues to be top of mind for investors, with costs for energy, food and other products hovering near levels not seen in 40 years. This has investors seeking out ways to protect their portfolio against higher prices – either with individual equities or inflation exchange-trade funds (ETFs). And this trend is likely to continue… Continue reading 10 Best Inflation-Fighting ETFs for Higher Costs | Kiplinger
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