If it weren’t for inflation and global armed conflict making the Federal Reserve reflexively aggressive, there would have been a lot of optimism to bring next week. Continuing to bask in the last flashes of a surprisingly strong number of jobs from the previous Friday, and some equally unexpected signs of strength in quarterly earnings … Read more
Wealthy investor Mike Novogratz says the days of easy money on Wall Street are drawing to a close and he sees more pain in store for stock market investors in the coming months. “I look at the stock market and it’s just starting to correct and that worries me the most,” he told MarketWatch in … Read more
U.S. stocks rose Tuesday morning, with tech-related stocks extending a rebound from the previous session as investors appeared to be taking the testimony of Federal Reserve Chairman Jerome Powell as they looked for clues on the pace of future rate hikes and others. plans to tighten monetary policy in 2022. What do the major indices … Read more
The dawn of the new year has failed to bring with it any regulatory clarity about cryptocurrencies or how they can be taxed in India. And this has its consequences. Last week, the Central Goods and Services Tax Mumbai Zone said it detected a GST evasion of Rs 40.5 crore on commission earned by Indian … Read more
Believers in the transformative power of blockchain have labeled the rise of bitcoin BTCUSD, + 0.18% and other cryptocurrencies a revolution, implicitly placing financial industry incumbents and federal regulators in the role of eager reactionaries. Former Commodity Futures Trading Commission Chairman Chris Giancarlo made the analogy explicit on Tuesday when he called the Biden administration’s … Read more
US equities opened 2022 with tepid gains as investors monitored the cases of the Omicron variant of Covid-19 and other factors that could weigh on equities this year. The S&P 500 gained 0.4% in early trading on Monday. The index ended 2021 up 27%, hitting 70 record highs along the way. The technology-focused Nasdaq Composite … Read more
US equities closed slightly lower on Thursday, reversing intraday gains after new economic data indicated that a recent surge in Covid-19 infections related to the Omicron variant did not lead to a spike in layoffs. The S&P 500 fell 14.33 points, or 0.3%, to 4778.73 per day after the broad market index rose to a … Read more