C&E Industry News Filter

Crypto platform Bitzlato accused of laundering over $700 million in illicit money

Crypto platform Bitzlato accused of laundering over $700 million in illicit money

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US authorities have designated the cryptocurrency exchange Bitzlato Ltd. as a major money laundering problem and accused its founder of allegedly facilitating money laundering for criminals. The Treasury Department named Bitzlato under a section of the USA Patriot Act, a law used to combat money laundering and terrorist financing, for allegedly laundering illicit funds for …

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How a 'three-shot buy signal' and other green flags could send the S&P 500 up 20%, says this fund manager

How a ‘three-shot buy signal’ and other green flags could send the S&P 500 up 20%, says this fund manager

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A shortened holiday week appears to be starting slower as China posted weak growth figures and more profits. This is after two positive weeks to start 2023. But there is more than a whiff of optimism in the air, according to our call of the dayof the founder and chief investment officer of the Macro …

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JPMorgan, Wells Fargo, Bank of America and Citi beat earnings expectations, but worries about 'headwinds' remain

JPMorgan, Wells Fargo, Bank of America and Citi beat earnings expectations, but worries about ‘headwinds’ remain

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JPMorgan Chase & Co., Bank of America Corp., Citigroup Inc. and Wells Fargo & Co. managed to beat Wall Street’s lowered fourth-quarter earnings expectations as higher interest rates boosted corporate earnings. loans. Banks posted stronger-than-expected results despite a slowdown in overall deal activity such as home mortgages and IPOs. But bank stocks lost ground on …

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History shows the odds are in favor of a 20% stock market return in 2023 after a brutal 2022, says Fundstrat

History shows the odds are in favor of a 20% stock market return in 2023 after a brutal 2022, says Fundstrat

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Historical data shows the U.S. stock market is likely to return 20% or more this year after the three major indices closed 2022 with their worst annual losses since 2008, according to Fundstrat Global Advisors. Fundstrat’s head of research Tom Lee said equity investors are more likely to see a year of positive returns than …

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Here's the next mega-tech stock likely to fall into bear market clutches, according to this chart

Here’s the next mega-tech stock likely to fall into bear market clutches, according to this chart

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Last goal for 2022? End it. Stock markets would just like to get there without more significant losses, says Louis Navellier, president and founder of Navellier and Associates, who adds that “anyone who made bets for a big rally this week is probably folding their tent.” But after Wednesday’s losses – amid a truly lackluster …

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Dow drops nearly 500 points after strong data and bearish comments from David Tepper

Dow drops nearly 500 points after strong data and bearish comments from David Tepper

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U.S. stocks traded lower on Thursday, erasing most of their gains from their biggest rally in three weeks after a string of upbeat economic data and a warning from hedge fund titan David Tepper that he was “leaning short” against stocks and bonds on expectations the Federal Reserve and other central banks will continue to …

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Wall Street's stock market forecast for 2022 was the furthest since 2008: will next year be different?

Wall Street’s stock market forecast for 2022 was the furthest since 2008: will next year be different?

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Wall Street often gets it wrong when it comes to anticipating where stocks might trade a year from now. But in 2022, its forecasters were expected to miss the target by the biggest margin in nearly 15 years, according to data compiled by FactSet. Stock analysts on Wall Street were on course to overestimate the …

Wall Street’s stock market forecast for 2022 was the furthest since 2008: will next year be different? Read More »