Laxman Narasimhan, April 13, 2018. Guillermo Gutierrez | Bloomberg | Getty Images Wall Street’s reaction to Starbucks’ new CEO was muted Friday morning, with shares down about 1% after the...
Tag: Street
2023 Rises On Wall Street And The U.S. Stock Market
Sunrise over lower Manhattan getty In the U.S., Labor Day is an important demarcation for Wall Street. Returning from their final summer vacations, Wall Streeters arrive, ready to tackle the financial...
Wall Street Vet Explains Why He’s Bearish on Bitcoin
Alex Dovbnya Michael Purves, CEO of Tallbacken Capital Advisors, believes that Bitcoin might not see institutional money after failing to perform as an uncorrelated asset Contents Institutions could a...
Tether responds to Wall Street Journal ‘disinformation’
Tether Holdings Limited has clapped back at The Wall Street Journal over an article it claims spread “false information” about the stablecoin issuer’s profitability, solvency and accounting standards....
Wall Street veteran explains bearish outlook for Bitcoin
Bitcoin (BTC/USD) is battling downside pressure above $20,000, with recent dips beneath the round figure coming amid widespread selling across risk assets. Michael Purves, CEO of macro research firm T...
Wall Street veteran M. Purves turns bearish on Bitcoin over fading long-term momentum
The ongoing crypto market volatility has pushed analysts to alter their stance on the prospects of Bitcoin (BTC) as the asset continues to show signs of further correction. Although some analysts proj...
The Wall Street Journal Attacks, Tether Responds. Who Won?
Is this attack on Tether part of The Wall Street Journal’s general campaign against bitcoin and crypto? Or did the newspaper feel the impulse to get in on the Tether FUD action a few months too late? ...
Here’s How Low-Cap Altcoins Are Like Penny Stocks, According to The Wolf Of Wall Street
The original Wolf of Wall Street, Jordan Belfort, says that low-cap altcoins have one crucial similarity to penny stocks, or stocks worth less than $1 per share. In a new interview with Yahoo Finance,...
State Street Sees ‘Significant Opportunity’ in Tokenization
State Street considering acquiring capabilities as part of its tokenization push The bank is working with Copper.co to offer cryptoasset custody services by the end of the year While State Street’s di...
Tether is on the Brink of Insolvency, Balance Sheet in Worse Condition: Wall Street Journal
Two weeks ago, Tether made headlines about the improvement in its market capitalization and the fact that it managed to reverse a three-month downtrend. However, Wall Street Journal’s (WSJ) recent art...
Wolf of Wall Street Likens Law Cap Crypto To Penny Stocks
Bitcoin News Low-cap crypto assets should never be regarded as a serious investment as per Belfort. He is particularly thinking about making long-term investments in Ether and Bitcoin. The Wolf of Wal...
Wolf of Wall Street says low cap cryptos are highly speculative
Jordan Belfort, popularly known as the “Wolf of Wall Street,” has said that low cap cryptocurrencies were like penny stocks. The two have similarities, such as experiencing extreme price volatility. W...
‘Wolf of Wall Street’ Admits He’s Wrong About Bitcoin Dropping To Zero
The Wolf of Wall Street, like every other analyst and market expert, makes mistakes. Overall, filmmaker Martin Scorsese’s depiction of Jordan Belfort (Leonardo DiCaprio’s character in the 2013 movie W...
Low cap crypto is like penny stocks, says Wolf of Wall Street
Former stockbroker Jordan Belfort, known colloquially as the “Wolf of Wall Street” has likened low market cap crypto assets to penny stocks due to their extreme price volatility. Penny stocks refer to...
U.S. stock futures sink following Friday’s Wall Street rout
U.S. stock-index futures plunged Sunday, after Wall Street sank Friday following hawkish comments from Federal Reserve Chairman Jerome Powell that the fight against stubborn inflation would continue, ...
Just as Wall Street Piles In, Tech Stocks Face Fresh Rates Storm
(Bloomberg) — Jerome Powell’s latest hawkish missive threatens to open up a new front in the ever-raging battle between tech stocks and Treasury yields — potentially hurting money managers...
Wall Street Wolf Says Bitcoin(BTC) Price Will Not Go to Zero
Bitcoin underwent multiple bull runs since its inception and each time challenged its own highs to form a new one. Despite a contracting trend, the asset maintains an incremental trend displaying a hu...
‘Wolf of Wall Street’ J. Belfort admits being wrong about Bitcoin’s collapse
Former stockbroker commonly known as the “Wolf of Wall Street” Jordan Belfort has acknowledged that his initial projection of Bitcoin (BTC) going to zero was wrong. Speaking during an interview with ...
Nvidia Reports Earnings Wednesday. Why Some Wall Street Analysts Are Worried.
Text size Nvidia stock has declined more than 40% this year, as of Tuesday’s close. Justin Sullivan/Getty Images After a recent string of recent troubles for Nvidia , investors are wondering how...
Wall Street giants look to back prime broker Hidden Road
Hidden Road Partners, a global credit network focused on institutional investors, is reportedly attracting the interest of leading Wall Street investment arms, not long after raising $50 million in it...
Matt Smith Wants Big Bird To Play Daemon Targaryen In A Sesame Street Parody
House Of The Dragon meets Sesame Street Credit: Erik Kain / Warner Bros House Of The Dragon is a very, very dark and disturbing grimdark fantasy show, but that doesn’t mean we can’t have a little fun....
Wall Street giant DTCC launches private blockchain platform for faster trades
According to a press release made today, the New York-based post-trade financial services company, The Depository Trust & Clearing Corp. (DTCC), which processes all trades in the US stock market, ...
Once offering the worst return on Wall Street, cash is now looking like the best asset to own, says Morgan Stanley
Stock sellers are ready to pick up where they left off on Friday, as the market appears to be is waking up from its August slumber with a vengeance. As Goldman Sach’s chief U.S. equity strategist Davi...
Wall Street Bears Take Revenge After a $7 Trillion Rally
(Bloomberg) — A sober warning for Wall Street and beyond: The Federal Reserve is still on a collision course with financial markets. Most Read from Bloomberg Stocks and bonds are set to tumble o...
Why Doesn’t Wall Street Understand Bitcoin? Goldman Sachs Veteran Explains
John Haar – a former member of Goldman Sachs’ Asset Management division – published an article detailing what he perceived were commonly held views about Bitcoin, sound money, and economics on Wall St...
Crypto Specialist Warns ‘Domino Effect in 2008 Wall Street Crash’
Due to the Bitcoin plunge, a crypto specialist warned about the consequences like the 2008 Wall Street Crash. At present crypto marketplace is performing at its downward trend, hence a crypto speciali...
Crypto expert warns of ‘domino effect akin to the 2008 Wall Street crash’ as Bitcoin plummets
One cryptocurrency analyst has issued a warning about the possibility of a chain reaction as the cryptocurrency market continues its downward trend, shedding $70 billion from its market value in a sin...
Dow Futures Fall as Wall Street Parses Mixed Signals on Pace of Rate Hikes
Text size Investor focus remains on the Federal Reserve’s pace of future interest-rate increases. Spencer Platt/Getty Images Stock futures pointed to a lower start for Wall Street Friday as inve...
Brief Recession or Complete Economic Collapse? What These Wall Street Veterans Think
Since the pandemic hit in 2020, conspiracy theorists have had a field day. With seemingly everything in question, it’s been hard to discern real information from fake. An economic collapse is not a ne...
A Major Change Is Coming to Wall Street and Corporate America
It’s a masterstroke that went almost unnoticed on Main Street. But it has not escaped the attention of Wall Street, which will not be pleased with this move by the Democrats. In President Joe B...
Former Goldman Sachs asset manager says Wall Street does not understand Bitcoin
John Haar, a former asset manager at Goldman Sachs, has explained why Wall Street failed to embrace Bitcoin fully. Haar is currently the managing director of Private Client Services at Swan Bitcoin af...