Cryptocurrency prices including Bitcoin drifted slightly higher Saturday ahead of an eventful macro week for markets. Highly anticipated inflation data and a likely increase in interest rates from the...
Tag: Commodity/Financial Market News
The Block CEO showed ‘serious lack of judgment’ in taking loans from FTX’s Sam Bankman-Fried and not disclosing them
The fallout from the implosion of FTX continues, with crypto publication The Block on Friday announcing that Michael McCaffrey has stepped down as its chief executive officer after failing to disclose...
Short selling giant Jim Chanos is still short on Coinbase, Tesla and the FOMO-investment market
Short selling giant Jim Chanos is still pretty bearish on a number of stocks including Coinbase and Tesla, he said on Thursday. In a Twitter Spaces conversation, Chanos was asked about the FTX fiasco ...
Why stock-market investors shouldn’t count on a ‘Santa Claus’ rally this year
Investors, like kids on Christmas Eve, have come to expect Santa Claus will get down the chimney, march over to Wall Street and deliver the rewarding gift of a stock-market rally. This year, however, ...
Here’s what resolves the big mystery on why older Americans have left the workforce
One of the many challenges facing the Federal Reserve is that the labor force participation rate is still lower than it was before the pandemic. The fewer workers in the jobs market, the more wages wi...
Is the Bear Market Over? Stocks Need Just One More Big Drop.
Stocks may be putting this year’s bear market behind them, but history indicates it may take one more downward jolt to end the debacle. There is some positive news. The S&P 500 has gained about 10...
Dow on verge of a ‘golden cross,’ even as BlackRock predicts historic recession
Despite worries about inflation and an impending recession, there is at least one sign that some bullish market technical analysts might latch onto. An upbeat golden cross appears to be forming in the...
Treasury Bills Are In Demand at Auction on Thursday
Text size The Federal Open Market Committee is set to gather on Dec. 13 and 14 to weigh another increase in short-term interest rates. Stefani Reynolds / AFP via Getty Images Treasury bills garnered c...
The Stock Market Had a Terrible Week—and Now the Fed Meeting Is on Tap
Things tend to slow down for the holidays. The stock market isn’t there yet. With Christmas just a couple of weeks away, it’s easy to look ahead to candy canes, caroling, and presents under the tree, ...
Financial markets are flashing a warning that a recession is imminent: here’s what it means for stocks
Across markets, familiar trading patterns for stocks, bonds and commodities that have held for months are starting to unravel as financial markets grapple with expectations that the U.S. economy will ...
JPMorgan looks at ‘Armageddon scenario’ of Fed jacking rates up to 6.5%. Its conclusion may come as a surprise.
The market’s expectation is that the Federal Reserve will keep lifting its policy interest rate until it brings it to 5% before pausing for some time. But it’s possible that the Fed could decide that ...
Can you still retire on $1 million? That’s what today’s millionaires want to know.
OK, so a million dollars isn’t what it used to be. That’s the worry among a surprising number of America’s millionaires. So, at least, reports money-management giant Natixis, which owns bond shop Loom...
Cathie Wood says the better historical parallel for the current high inflation environment is World War I, not the 1970s
Ark Invest CEO Cathie Wood says investors are looking at the wrong historical period in making comparisons with the current high inflation environment. “If you go back to the 19-teens, then the period...
BNP Paribas studied 100 years of market crashes — here’s what it says is coming next
Oops. Stocks fell through a key support on Tuesday and it looks like some recent momentum has now petered out. The new line in the sand for the S&P 500 SPX, -1.44% seems to be 3,900. Whether Santa...
Apple, AMD confirm they’re among TSMC’s first Arizona customers, while Intel preps for return to cutting edge in 2023
Apple Inc. Chief Executive Tim Cook confirmed at an event Tuesday that the tech giant will be one of Taiwan Semiconductor Manufacturing Co.’s first Arizona fab customers, while Intel Corp. hopes to jo...
Cryptocurrency investor losses are being turned into IRS gains — here’s how they’re doing it
The Internal Revenue Service has been turning up its scrutiny on cryptocurrency investors in recent years, and as that happens, more investors have been turning to the tax code’s rules on investment l...
This one great idea can make everyone better with money, older Americans say
Surveys regularly show that older Americans have regrets about lots of things — working too much, choosing the wrong partner, not taking care of their health, etc. There are often financial regrets to...
Here’s where investors made a ‘risk-free’ 6.6% return in the past four U.S. recessions
Who says bonds can’t be flashy? Investing in the nearly $24 trillion U.S. Treasury market and other forms of government-backed debt could be a good bet next year, particularly if another recession hit...
Why Monday’s selloff in the stock market could be the start of the next leg lower
Monday’s punishing selloff could be the beginning of the next leg lower for stocks as a sense of complacency has taken hold in markets following a stellar October and November, several strategists tol...
The bear market rally is running out of stream, and it is time to take profits, says Morgan Stanley’s Wilson
The stock market’s bounce off the October lows is running out of room, and it is time to take profits, according to Morgan Stanley’s Michael Wilson. The chief equity strategist who correctly predicted...
Nio, Alibaba, Bilibili among China stocks set for another rally as Covid controls ease
U.S.-listed shares of Chinese internet and electric-vehicle stocks are enjoying a sharp rally yet again in premarket trading Monday amid reports that officials in the country were easing pandemic rest...
If the bulls really were in control, these stock market sectors would be leaders right now
It’s still a bear market, according to the U.S. stock market’s sector relative strength rankings. That’s because the sectors that typically do the best at the end of bear markets have been laggards of...