May 12, 2022
“Oil giant Saudi Aramco on Wednesday surpassed Apple as the world’s most valuable firm. Aramco’s market valuation was just under $2.43 trillion on Wednesday, according to FactSet, which converted its market cap to dollars. Apple, which fell more than 5% during trading… Continue Reading…
May 11, 2022
“…Strategist Michael Wilson, who has long been a skeptic of the decade-long bull run in US stocks, said in a note that even after five weeks of declines, the S&P 500 is still mispriced for the current environment of the… Continue Reading…
May 11, 2022
“Bukele’s bought 2,301 Bitcoins for the government since making them legal tender back in September, based on his announcements on Twitter. That includes a purchase of 500 coins yesterday as their price plunged below $31,000, extending a wild six-month sell-off.… Continue Reading…
May 10, 2022
“The world’s largest technology companies have shed over $1 trillion in value in just three trading sessions. Stocks at large have sold off since the Federal Reserve raised its benchmark interest rate on Wednesday, but technology has endured more pain than other… Continue Reading…
May 10, 2022
“Bitcoin is off nearly 55% from its November peak, and 40% of holders are now underwater on their investments, according to new data from Glassnode. That percentage is even higher when you isolate for the short-term holders who got skin in the… Continue Reading…
May 10, 2022
“The national average price for regular gasoline climbed more than four cents on Tuesday to $4.37 a gallon, according to AAA. That takes out the prior record of $4.33 set on March 11.The gas spike — prices are up 17 cents… Continue Reading…
May 9, 2022
Just letting you guys know I’m going to be on the move in the stock market. I’ll be honest here. The stock market is in shambles. It seems to me like we will be going into a deep recession maybe… Continue Reading…
May 9, 2022
“…The S&P 500 traded as low as 4,021.16 on the day, as all sectors dipped into the red. Amid the losses, the benchmark 10-year Treasury note yield hit its highest level since late 2018, trading well above 3%. Rising rates continued… Continue Reading…
May 6, 2022
“…The Dow dropped 260 points, or 0.8%. The S&P 500 lost 0.8%, while the Nasdaq Composite slid 0.8%. The tech-heavy index is now down roughly 25% from its record high last November. The moves came after stocks sold off sharply… Continue Reading…
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