Investment strategy
Jeffrey Gundlach says he wouldn’t be surprised if bitcoin drops to $10k
DoubleLine Capital CEO Jeffrey Gundlach said parts of the crypto world are blowing up and bitcoin could fall further to $10,000. “When it broke below $30(k), it looked on chart basis $20(k) was going to happen quickly, and it did. The trend in crypto is clearly not positive,” Gundlach said in an interview with Scott […]
Read More
Powell says the Fed could hike rates by 0.75 percentage point again in July
Federal Reserve Chair Jerome Powell. Xinhua News Agency | Xinhua News Agency | Getty Images Federal Reserve Chair Jerome Powell said Wednesday the central bank could raise interest rates by a similar magnitude at the next policy meeting in July as it did in June. “From the perspective of today, either a 50 basis point […]
Read More
Fed members predict more hikes with the benchmark rate above 3% by year-end
U.S. Federal Reserve Chairman Jerome Powell testifies during the Senate Banking Committee hearing titled “The Semiannual Monetary Policy Report to the Congress”, in Washington, U.S., March 3, 2022. Tom Williams | Reuters The Federal Reserve said Wednesday it expects the fed funds rate to increase by another roughly 1.75 percentage points over the next four […]
Read More
Here are 5 Investing Club stocks in the news and our take on what’s happening
We break down five developments involving our stocks including Apple, Qualcomm and Eli Lilly. Source
Read More
Millionaires are raising cash on fears that the Fed can’t tame inflation and stave off recession
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May 9, 2022. Brendan Mcdermid | Reuters American millionaires are raising cash in response to lingering inflation fears, according to CNBC’s Millionaire Survey. Millionaires surveyed by CNBC ranked inflation as the top risk to both the economy and […]
Read More
Sen. Warren asks bank regulator to reject TD’s $13.4 billion acquisition after customer-abuse report
Sen. Elizabeth Warren, D-Mass., speaks during the Senate Armed Services Committee hearing on security in Afghanistan and in the regions of South and Central Asia, in Dirksen Building on Tuesday, October 26, 2021. Tom Williams | CQ-Roll Call, Inc. | Getty Images Lawmakers led by Sen. Elizabeth Warren asked a key regulator to block Toronto-Dominion […]
Read More
5 things to know before the stock market opens Wednesday
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Stocks set to bounce at the open ahead of the Fed’s big rate decision Traders on the floor of the NYSE, June 14, 2022. Source: NYSE U.S. stock futures rose Wednesday as Wall Street prepares for what […]
Read More
Robinhood to fall to $5 as trading slows, main revenue source is threatened, Atlantic Equities says
A recovery for Robinhood may not be in the cards anytime soon, according to Atlantic Equities. Analyst John Heagerty on Wednesday downgraded the online brokerage to underweight, saying a decline in user engagement — combined with falling trading volumes, potential regulation around the payment for order flow business model and plummeting cryptocurrency valuations — will […]
Read More
An aggressive Fed has global ramifications. Here are 3 ways the world could be hit
The Federal Reserve is widely expected to hike interest rates by 75 basis points on Wednesday with inflation running at a 40-year high, but aggressive tightening of monetary policy runs the risk of tipping the economy into recession. Brendan Mcdermid | Reuters Global markets took a hammering to start the week as expectations grew that […]
Read More
Jim Cramer calls for ‘monster rate hikes’ ahead of key Fed decision
CNBC’s Jim Cramer on Tuesday called for Federal Reserve Chair Jerome Powell to implement aggressive interest rate hikes to tamp down inflation. “Jay Powell can’t solve the war in Ukraine. He can’t get more oil out of the ground. … The same goes for the other big source of inflation, food,” the “Mad Money” host […]
Read More