Text size Alibaba is no longer a holding in a New Jersey pension fund. Greg Baker/AFP via Getty Images Late in 2021, New Jersey’s state pension bought up newly public stocks that have plunged so far i...
Tag: Markets
Bandana Wearing Cryptopunk NFT Smashes Records Selling for $23 Million in Ethereum – Markets and Prices Bitcoin News
The Cryptopunks non-fungible token (NFT) collection has seen a new record as the NFT Cryptopunk #5822 sold on Saturday for 8,000 ether or more than $23 million. The new owner of the NFT, Deepak Thapli...
Fed’s Daly advocates for a ‘measured’ approach as rate hike expectations rise
San Francisco Federal Reserve Bank President Mary Daly poses at the bank’s headquarters in San Francisco, California, July 16, 2019. Ann Saphir | Reuters The Federal Reserve should be measured i...
Inflation’s on fire, and the Fed’s poised to act. Here’s how markets and the economy have reacted to the first hike in a cycle.
After Thursday’s shocking inflation reading showing year-over-year consumer price growth of 7.5%, an interest-rate hike could come quite literally at any time, though the most likely timing would be t...
Zillow Is Betting on a Housing Super App. What Wall Street Thinks.
Text size Zillow Group announced plans to shut down its home-flipping business in November. Chris Goodney/Bloomberg Zillow ‘s spectacular decision to shut down its home-flipping business last year has...
Could the Fed convene a surprise meeting to hike interest rates? The markets are beginning to price it in, and it’s walloping stocks
The hottest inflation in 40 years is scrambling markets logic—and risk assets are paying the price. Mere hours after yesterday’s CPI—a.k.a., the consumer price index, or the measure of how much more A...
How Will Markets React to War in Ukraine – Trustnodes
Bread prices will go up across the world if war breaks out in Ukraine, Europe’s bread basket. They account for some 30% of global corn production, with their vast fields and ordinary trade potentially...
March 10 Will Be a Landmark Day for Markets
(Bloomberg) — This year has already had its fair share of huge days for markets, but the biggest may be yet to come: March 10. That’s when the next datapoint on U.S. inflation is due and the Eur...
ETH Falls Below $3,000 to Start the Weekend – Markets and Prices Bitcoin News
Ethereum dropped below $3,000 to start the weekend, as cryptocurrency prices fell for a second consecutive day. Bitcoin was also lower, giving up some of this week’s gains in the process. Bitcoin Foll...
The fall of Peloton’s John Foley and the market’s big founder problem
John Foley, co-founder and chief executive officer of Peloton Interactive Inc., stands for a photograph during the company’s initial public offering (IPO) in front of the Nasdaq MarketSite in Ne...
4 Stocks That Could Thrive During Inflation
Text size Caterpillar is lucky to have customers flush with cash from rising commodity prices. Justin Sullivan/Getty Images Inflation is hot—and that’s cooling off plenty of companies’ earnings. But n...
Bank of Zambia Expects to Complete CBDC Study in Q4 – Emerging Markets Bitcoin News
The Bank of Zambia has said it expects to complete its study seeking to determine the feasibility of launching a Central Bank Digital Currency (CBDC), before the end of the last quarter of 2022. Narro...
What a Russian invasion of Ukraine would mean for markets as White House warns attack could come ‘any day now’
Investors on Friday got a taste of the sort of market shock that could come if Russia invades Ukraine. The spark came as Jake Sullivan, the White House national security adviser, warned Friday afterno...
Bitcoin, Stock Prices Fall as Russia-Ukraine Tensions and Inflation Spook Markets
Cryptocurrency markets dropped late Friday—along with U.S. stocks—as investors dumped riskier assets amid fears Russia could invade Ukraine. Bitcoin, the largest cryptocurrency by market cap, was down...
Markets Tremble Amid Threat of Russian Invasion of Ukraine
Key Takeaways Crypto and equities markets have suffered distinct losses today amid uncertainty over the threat of a Russian invasion of Ukraine. Although it has not been confirmed that President Vladi...
Top Crypto Analyst Issues Altcoin Warning, Says Fear Gripping Markets As Bitcoin (BTC) Turns Volatile
Widely-followed crypto analyst Michaël van de Poppe warns that altcoin holders shouldn’t be fooled by their recent performance against the US Dollar (USD). Van de Poppe took to Twitter, telling his fo...
IOTX Captures the Biggest Gains, as Crypto Markets Fall on Friday – Market Updates Bitcoin News
IOTX was Friday’s big gainer, as crypto markets were lower across the board to end the week. Overall, the global cryptocurrency market cap is down close to 4% in today’s session. Biggest gainers Follo...
Alibaba Earnings Are Coming. What to Expect.
A selloff in the technology sector and macroeconomic headwinds in China make Alibaba’s looming earnings report sure to be an interesting one. The Chinese e-commerce giant announced Friday that its fin...
Buy SoFi Stock, Analyst Says. The Fintech Should Deliver Strong Revenue Growth.
Text size SoFi has been focused on member growth, according to BofA. Rafaelhenriquepress/Dreamstime SoFi Technologies stock is a buy because the company will deliver strong revenue growth thanks to it...
Jeffrey Gundlach says the Fed is ‘obviously behind the curve,’ will raise rates more than expected
Jeffrey Gundlach speaking at the 2019 SOHN Conference in New York on May 6th, 2019. Adam Jeffery | CNBC DoubleLine Capital CEO Jeffrey Gundlach said Friday the Federal Reserve is failing in its battle...
SpaceX’s Starship is solution to efficient space travel
Elon Musk gestures as he speaks during a press conference at SpaceX’s Starbase facility near Boca Chica Village in South Texas on February 10, 2022. Jim Watson | AFP | Getty Images CAMERON COUNT...
The Fed is still likely to take a measured approach to rate hikes despite calls for bigger action
The Federal Reserve building in Washington, January 26, 2022. Joshua Roberts | Reuters Several Federal Reserve officials, both privately and publicly, are pushing back against calls by St. Louis Fed P...
The Yield Curve Could Invert In 2022, Here’s Why That Spooks Markets
NEW YORK, NEW YORK – MARCH 09: Yield curve inversion markets to markets and could happen in 2022 on … [+] the bond market’s current trajectory (Photo by Spencer Platt/Getty Images) G...
Alibaba Earnings Are Coming. Here’s When, What to Expect and 4 Numbers to Watch.
A selloff in the technology sector and macroeconomic headwinds in China make Alibaba’s looming earnings report sure to be an interesting one. The Chinese e-commerce giant announced Friday that its fin...
Inflation, Interest-Rate Jitters, and Putin Are Brewing a Fierce Storm for the Stock Market
Text size A Ukrainian soldier in the Kharkiv region near the Russian border. Will Putin pull the trigger on an invasion? Sergey Bobok/AFP/Getty Images We were waist deep in the Big Muddy, and the big ...