Bonds and stocks could return to their usual relationship, a boon for investors with a traditional mix of assets in their portfolios as the United States fears a recession this year. “At the end of the day, correlation has now reverted to more traditional correlation, where stocks and bonds don’t necessarily move together,” said Kathy …
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 …
Crypto platform Bitzlato accused of laundering over $700 million in illicit money Read More »
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 …
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 …
Inflation data may no longer be the great catalyst for equities that it once was. US stocks rebounded to close higher on Thursday, even as investors received encouraging inflation news after December’s consumer price index posted its first monthly decline since the pandemic swept the world. in 2020. Considering that inflation has been one of …
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 …
According to one expert, converting your monthly bill to paperless payment can result in “over $1,000 in savings per year.” Getty Images/iStockphoto The number 1 New Year’s financial resolution for 2023 is to boost savings, according to a recent Bank of America survey. And while setting up a savings account has never been easy, many …
Here are some predictions for 2023 for the financial markets, economy and stocks. I’ve spent the past year and a half being cautious following the bull market bubble that finally ended in early 2022. After this turbulent year, perhaps now is a good time for us to see the economy turn into something healthy for …
11 predictions for money, technology, stocks and crypto for 2023 Read More »
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 …
It was a year of contradictions. The drum of recession continues, interest rates rise and the stock market has fallen, yet retail sales have risen 6.5% in the past 12 months, trailing a 7-month increase, 1% of the cost of living. There are other reasons why people should consider cutting back on spending in 2023. …
