US Federal Reserve Chairman Jerome Powell attends a press conference in Washington, DC on March 22, 2023.Liu Jie/Xinhua via Getty Images Next week is critical for the stock market as investors brace for CPI data and a Federal Reserve meeting. Fundstrat’s Tom Lee said low inflation could boost equities as it would reinforce a Fed … Read more
(Bloomberg) – Smaller coins led to a selloff in crypto as a Securities and Exchange Commission crackdown on major digital asset exchanges unnerved investors. Bloomberg’s Most Read Tokens including Solana, Cardano, and Avalanche posted double-digit percentage declines on Saturday. Bitcoin and Ether, the two biggest digital assets, slid more than 3% as of 2:30 p.m. … Read more
Several low-priced real estate investment trusts (REITs) made huge moves higher this week, and many are in the office or healthcare sub-sectors. Investors know that low-priced stocks can be volatile and it’s as easy to lose as it is to gain a lot in the short term. These stocks are not for conservative investors or … Read more
BinanceSOPA Images/Getty Images Binance.US urged customers to withdraw money from the crypto exchange in a recent advisory. It said its partner banks were preparing to close fiat withdrawal channels. These measures are part of an “ideological campaign” against the US crypto industry, Binance said. Binance’s US branch is urging customers to withdraw their money from … Read more
(Bloomberg) — After being caught off guard by a $1.5 trillion rout of Chinese stocks, some of Wall Street’s biggest banks are turning to a less bullish consensus. Bloomberg’s Most Read Strategists at Goldman Sachs Group Inc., Nomura Holdings Inc. and Morgan Stanley all cut their MSCI China index targets by at least 11% over … Read more
Inflation has weighed on budgets, and that’s especially true at groceries, as basic necessities from cereal to sugar have soared. This sticker shock motivates cash-strapped consumers to shun their favorite brands for cheaper generics, often made by TreeHouse Foods
It’s been a tough year for Charles Schwab stocks. Stocks plunged in March amid the regional banking crisis and remain at depressed levels. A constant concern among investors is the flow of money from clients of Schwab’s low-yielding cash accounts to more attractive options, a practice known as cash sorting. This hurts the business because … Read more
Getty The macroeconomic outlook between bond and equity markets continues to diverge, JPMorgan said. If the bond market is right on inflation risk, equities would face a potential 20% decline. The warning comes as the S&P 500’s bear market has ended, setting it up for another bull market. The disconnect between equity and bond markets … Read more
David Rosenberg.CNBC David Rosenberg says the bull market in equities will not last and a recession seems assured. The veteran economist noted that jobless claims just hit their highest level since October 2021. Rosenberg pointed to a slew of indicators suggesting stocks are overvalued and destined to fall. The powerful rally in the stock market … Read more
Les contrats à terme Dow Jones ouvriront dimanche soir, ainsi que les contrats à terme S&P 500 et Nasdaq. Tesla, Nvidia, En attente, Biogène (BIIB), Oracle (ORCL), Boeing (BA) et chenille (CAT) sont des actions à surveiller. Mais l’accent sera mis sur la réunion de la Réserve fédérale au milieu de deux grands rapports sur … Read more