Month: May 2022
Bank of America has a favorite group of stocks to ride out the market turmoil
One sector offers investors “growth, defense and yield” at a reasonable price, analysts said. Source
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Tech selloff puts Nasdaq on pace for worst day since June 2020
Amazon CEO Andy Jassy speaks during the GeekWire Summit in Seattle on Oct. 5, 2021. David Ryder | Bloomberg | Getty Images Cloud companies, e-retailers and household tech names got hammered on Thursday, wiping out hundreds of billions of dollars in market value and pushing the Nasdaq Composite toward its worst one-day plunge since June […]
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E-commerce stocks plummet as consumers pull back online spending
The Etsy website Gabby Jones | Bloomberg | Getty Images Shoppers are eager to head back to brick-and-mortar stores, while inflation is stoking fears that consumers are pulling back their spending on some items to still afford the essentials. That combination spells bad news for many e-commerce focused retailers, and their stocks tumbled amid a […]
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We have not seen an impact on travel spend from inflation, says Expedia Group CEO
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Peter Kern, Expedia Group CEO, joins ‘TechCheck’ to discuss whether investors are wrong to question the sustainability of the travel rebound, his thoughts on the company’s recent stock performance and how inflation is impacting the business. Source
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Here’s where the big market-beating investors are putting their money during the turmoil
Stocks were in a tailspin as investors reassessed the Fed’s tightening decision, vindicating big investors who’ve held a particularly bearish view on markets. Source
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Luna Foundation Guard further bolsters stablecoin reserve by raising $1.5 billion in bitcoin
People walk through the North American Bitcoin Conference held at the James L Knight Center on January 18, 2022 in Miami, Florida. Joe Raedle | Getty Images The Luna Foundation Guard has acquired $1.5 billion in bitcoin to bolster the reserves of its most popular stablecoin, known as U.S. Terra. Stablecoins are cryptocurrencies that aim […]
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Bank of England chief defends cautious rate-hiking cycle, sees unprecedented shock to people’s income
Bank of England Governor Andrew Bailey. Simon Dawson | Bloomberg via Getty Images LONDON — Governor Andrew Bailey has sought to defend the Bank of England’s cautious approach to monetary tightening, saying policymakers are considering the wider picture of an inflation shock that the U.K. economy is now experiencing. The BOE may have completed its […]
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New York is close to a bitcoin mining crackdown — here’s what that means for the industry
The state of New York wants to ban new bitcoin mining operations, a move that some industry insiders fear could have a domino effect across the U.S. The bill, which is swiftly making its way through the state capitol in Albany, calls for a two-year moratorium on certain cryptocurrency mining operations that use proof-of-work authentication […]
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Bank of England hikes interest rates to 13-year high, sees inflation hitting 10%
BOE Governor Andrew Bailey has warned the Bank is walking a “narrow path” between growth and inflation. Bloomberg | Bloomberg | Getty Images LONDON — The Bank of England on Thursday raised interest rates to their highest level in 13 years in a bid to tackle soaring inflation. In a widely expected move, policymakers at the […]
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Main Street is convinced that a recession will hit the U.S. economy this year
Main Street and Wall Street are often at a distance when it comes to the state of the economy. The likelihood of a recession hitting in 2022 is the latest example. Both camps are bearish, but small business owners are leading the way in negative sentiment — by a notable margin. Wall Street has been […]
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