By Davide Barbuscia and Carolina Mandl NEW YORK (Reuters) – The first interest rate cut by the Federal Reserve signals a U.S. recession is imminent and a dramatic drop in …
Cryptocurrency News
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Cryptocurrency News
Raising the full retirement age to 69 would cut Social Security benefits — and it wouldn’t save the program
by skolnesRaising the full retirement age to 69, up from 67, would reduce beneficiaries’ overall lifetime benefits. – Getty Images Raising Social Security’s full retirement age by two years to age …
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Stocks piled on gains Friday as investors embraced an inflation report seen as crucial to the Federal Reserve’s next decision on interest-rate cuts. The S&P 500 (^GSPC) rose 0.1%, on …
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Stocks traded mixed on Friday as investors embraced an inflation report seen as crucial to the Federal Reserve’s next decision on interest rate cuts. The S&P 500 (^GSPC) rose 0.1% …
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Costco (COST) is slinging a lot of gold bars as prices for the yellow metal continue to surge. Sales of gold were up “double-digits” in the most recent quarter, Costco …
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Cryptocurrency News
US futures tread water in wait for the Fed-favored PCE inflation print
by skolnesThe rally in US stocks hit pause before the bell on Friday as investors marked time ahead of an inflation report seen as crucial to the Federal Reserve’s next decision …
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Cryptocurrency News
Dip-Buying Remains the Go-To Strategy If Next Resistance Proves Stubborn
by skolnesIn the past month, the S&P 500 and Nasdaq have enjoyed solid gains, with global markets largely on course to end September in the green. The long-term uptrend, which has …
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Cryptocurrency News
Cathie Wood Says Software Is the Next Big AI Opportunity — 1 Spectacular Stock You’ll Regret Not Buying if She’s Right
by skolnesCathie Wood is the head of Ark Investment Management, which operates a family of exchange-traded funds (ETFs) focused on innovative technology stocks. Last year, Wood said software companies could be …
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(Bloomberg) — European stock futures gained in line with Asian shares as risk appetite across financial markets got a further boost from China’s latest stimulus measures and upbeat US momentum. …
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Cryptocurrency News
‘Big Short’ investor Michael Burry bet half of his portfolio on Chinese stocks. It’s finally starting to pay off.
by skolnesFamed “Big Short” investor Michael Burry is benefiting from the recent surge in Chinese stocks. Burry’s Scion Asset Management has nearly half of its portfolio invested in Chinese tech giants …