(Bloomberg) — Wall Street is finding a reason to keep plowing into the bond market, even with a Federal Reserve that’s still far from declaring victory in its war against inflation. Most Read fr...
Tag: year
National Average About The Same As This Time Last Year
Topline The national average price for a gallon of gas dropped to $3.38 on Saturday, according to GasBuddy, bringing it within two cents of where they were at this time last year, as gas prices contin...
Recession Threatens ‘Unprecedented’ Manufacturing Slowdown Dragging Into Next Year
Topline Growing evidence emerged this week that the Federal Reserve’s interest rate hikes, which have already caused a sudden collapse in the formerly red-hot housing market, have fueled an unpr...
Stock Market Gamblers Let It Ride Again in Brutal Year
(Bloomberg) — Like stuck card players trying to win it all back in one hand, equity bulls are dialing up risk appetites at the tail-end of a brutal year. Most Read from Bloomberg Active stock ma...
PayPal Is Down 61% This Year
PayPal Holdings, Inc (NASDAQ: PYPL) shares shed over 61% year-to-date. The shares have lost 5.5% in the last month and over 11% over the previous six months. On November 29, Deutsche Bank analyst Brya...
2022 in Review: the Top 10 Crypto Moments of the Year
Key Takeaways The crypto ecosystem shed $2 trillion in market value and lost several major players in 2022, but it didn’t die. Terra, Three Arrows Capital, FTX, and a host of other big entities suffer...
Saxo bags Best Boutique Prime Broker for the second year in a row
Saxo ends November 2022 on a high note with an important award to its name at the HFM Asian Services Awards. The Fintech company has been awarded the title of “Best Boutique Prime Broker” in the 2022 ...
Rishi Sunak’s old hedge fund boss paid himself $1.9 million a day this year
The U.K. is in the throes of a cost-of-living crisis, with real wages declining at a record rate this year—but amid the economic turmoil, one of the country’s wealthiest people cashed in on a record p...
‘It has been a nearly continuous plunge.’ My accounts are down 13% this year, but my financial adviser hasn’t made a single adjustment — and is still taking his 1%. Do I even need him anymore?
Getty Images/iStockphoto Question: I have heard it a thousand times: “People make more money with a financial advisor, don’t lock in your losses, stay invested,” etc. So I started with a financial adv...
Home prices are expected to keep rising next year: Here’s where
Americans looking to buy a house next year can expect less competition, more homes to choose from and the highest average mortgage rates in nearly two decades. Here’s what they can’t expec...
2022 in Review: the Top 10 Crypto Memes of the Year
Key Takeaways Despite the bear market, it was another big year for memes in crypto. Some of the most enduring memes of the year were born out of the biggest catastrophes in the space. Crypto Twitter s...
‘Somehow we live check to check.’ We make over $200K a year, but owe $100K on HELOC loans, never learned to save money and feel like we’ll never be able to retire. Do we need professional help?
Do you need a financial adviser? Getty Images Question: My wife and I are looking for help. We have never really learned how to save money, and we are really terrible at it. We both come from poor fam...
Johnnie Walker Announces Limited Edition Blue Label Scotch Whisky For Lunar New Year
The newest Blue Label release is a limited edition bottling for the Chinese Lunar New Year Johnnie Walker Johnnie Walker Blue Label needs no introduction. For 30 years it has existed as the standard i...
CSM Productions’ Jessica Ferreira, A Foster Parent Of Two, Named Comcast Community Champion Of The Year
Jessica Ferreira of CSM Production became a foster parent last year and is now the Comcast Community … [+] Champion of the Year. Jessica Ferreira Nascar industry insiders are quite familiar with...
When Taking RMDs, How Do I Avoid Locking in Losses? I’ll Be 72 Years Old Soon, and My Stocks Are ‘Way Down’ This Year
Ask an Advisor: When Taking RMDs, How Do I Avoid Locking in Losses? I’ll Be 72 Years Old Soon, and My Stocks Are ‘Way Down’ This Year I will be 72 years old on Feb. 10, 2023. I have ...
OpenSea says NFT creators earned $1 billion in royalties this year
Creators selling NFTs on OpenSea collectively earned $1.1 billion this year, with 80% of that amount allocated to collections outside the top 10. These earnings do not include sponsorship revenu...
2022 in Review: the Top 10 Crypto Villains of the Year
Key Takeaways Several ego-driven crypto personalities suffered huge falls from grace in 2022. Terra’s failure exposed some of the crypto ecosystem’s biggest villains. Policymakers and scam...
Will Orbeon Protocol dominate Chiliz and TRON this year?
The crypto market is relatively new and still in its early days. This makes it difficult for investors to know which cryptocurrencies to invest in. Chiliz (CHZ) and TRON (TRX) are two of the most popu...
Ethereum Primed for Imminent Move That Could Dictate Its Performance for the Next Year, Says Top Analyst
A closely followed crypto strategist says that Ethereum (ETH) is gearing up for a big move that could dictate whether it outperforms Bitcoin (BTC) next year. Justin Bennett tells his 111,600 Twitter f...
FTSE 100 price forecast ahead of the last trading month of the year
It was a wild year for UK investors. Besides double-digit inflation and labor shortages, politics moved financial markets too. Take the mini-budget’s announcement, for instance. It triggered a sharp m...
Digital assets could add $40B a year to Aussie GDP: Tech Council report
Up to $40 billion a year (AU$60 billion), could be added to Australia’s national GDP with the right regulatory framework and could lead to enormous cost savings for consumers and businesses acco...
Merriam Webster’s 2022 Word Of The Year, Here’s Its Definition
Look-ups of the word “gaslighting” on Merriam-Webster’s online dictionary jumped by 1740% this year … [+] compared to the year prior. (Photo: Getty) getty Merriam-Webster wasn’t gasl...
Stock market could plunge another 24% next year, Bank of America warns
The stock market is not out of the woods yet and could face further volatility next year as a result of the Federal Reserve’s quantitative tightening, according to Bank of America strategists. I...
Line to Shutter US Crypto Exchange Next Year, Suspends Onboarding Today
Japan’s Line is shutting down its U.S. exchange Bitfront in the new year in an effort to focus on its other blockchain ventures. The messaging company said in a notice to customers that new signups ha...
‘Wealth effect on steroids’: Here’s the potential fallout from $22 trillion lost by investors this year, according to BofA
Bank of America says a “wealth effect on steroids” may impact the U.S. economy as a result of the fall in the value of stocks and bonds and other assets worth trillions of dollars in 2022. “The $22 tr...
S&P 500: These Are Warren Buffett’s 11 Biggest Stock Mistakes This Year
Most S&P 500 stock investors own a few turkeys this year. And Warren Buffett is no exception. X Even the world-famous investor is holding onto 12 big money-losing stocks this year, including techn...
U.S. warns California cities possible water cuts in fourth dry year
Houseboats on Lake Oroville during a drought in Oroville, California, U.S., on Monday, Oct. 11, 2021. David Paul Morris | Bloomberg | Getty Images Federal water managers on Monday warned California ci...
Fundstrat saw Bitcoin hitting $200,000 before it fell to $16,000. Here’s why they’re still hopeful after a ‘horrific year’ for crypto
Crypto has had a tumultuous year, to say the least. And even its bullish investors are admitting it. Fundstrat is a prominent one. Earlier this year, the equity research firm set Bitcoin’s price targe...
Bitcoin records biggest negative hash rate adjustment in a year
The Hash Ribbon, an indicator for determining miner capitulation based on when the market reaches a bottom, ended on Aug. 18 after 2 months of dwindling miner participation. The end of the period mark...
Stock market could see ‘fireworks’ through the end of the year as headwinds have ‘flipped,’ Fundstrat’s Tom Lee says
Several headwinds that pummeled the stock market in 2022 have turned into tailwinds, setting the stage for a rally in U.S. equities heading into year-end, according to Tom Lee, head of research at Fun...
Crypto Exchange Bitfront Announces Closure by Year End
Line made it clear that the FTX scandal had nothing to do with their move. Bitfront will shut down its services somewhere in December. In order to devote more resources to its other blockchain endeavo...