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Economy

“Oil could hit $150 a barrel with OPEC+ ‘in the driver’s seat’: J.P. Morgan”

“Oil futures can shake off a breathtaking Black Friday plunge and then some, testing $125 a barrel next year and overshooting to $150 in 2023 with OPEC+ “firmly in the driver’s seat,” according to analysts at J.P. Morgan. OPEC+ —… Continue Reading…

Banking, Economy

“Trillion-dollar platinum coin could be minted at the last minute”

“A trillion-dollar platinum coin could be minted “within hours of the Treasury Secretary’s decision to do so,” Philip Diehl, former director of the United States Mint, tells Axios. Why it matters: Congressional solutions to the debt-ceiling problem could take weeks to… Continue Reading…

Economy

“Supply Chain Crisis Could Blow Global Economy Off Course”

“EDITOR NOTE: While it once looked like the global economy was on the road to recovery, a “perfect storm” has created a supply chain disaster that is throwing the recovery off course, per The Guardian. President of Queens College, Cambridge,… Continue Reading…

Banking, Cryptocurrencies

“Bitcoin could rise 10 times in price but I just don’t care, says JPMorgan CEO”

“JPMorgan CEO Jamie Dimon said that Bitcoin may rise 10 times in price in the next five years. The long-term Bitcoin critic also warned that it would be foolhardy to borrow money to buy Bitcoin. Recently, the bank moved to… Continue Reading…

Banking, Economy

“A key jobs report in the week ahead could drive the next big market move”

“…Stocks gained in the past week, surging again to new highs Friday after a speech by Federal Reserve Chairman Jerome Powell. The chairman acknowledged that Fed officials expect to taper back their $120 billion a month bond-buying program this year, a… Continue Reading…

Stocks

“Investing in These 3 Stocks Could Double Your Money, Says Oppenheimer”

“Enovix (ENVX)… Are other analysts in agreement? They are. Only Buy ratings, 3 to be exact, have been issued in the last three months. Therefore, the message is clear: ENVX is a Strong Buy. Given the $29.67 average price target, shares… Continue Reading…

Cryptocurrencies

“Coinbase could jump up to 16% after earnings this week, trader says”

“Coinbase shares ended trading at $258.26 on Friday, up about 1%. They climbed an additional 3.8% to $268 in Monday’s premarket trading session. A run to $290 or $300 would be a 12-16% increase from Friday’s closing levels…” https://www.cnbc.com/2021/08/09/buy-disney-coinbase-ahead-of-earnings-this-week-traders-say.html Coinbase… Continue Reading…

Business, Stocks

“Alphabet Could Scale to Fresh Record High on Upbeat Q2 Earnings; Target Price $3,000”

“The parent of Google and the world’s largest search engine that dominates internet search activity globally, Alphabet, is expected to report its second-quarter earnings of $19.33 per share, which represents year-over-year growth of about 90% from $10.13 per share seen in the same… Continue Reading…

Economy

“Oil Could Hit $80 by Year End, JPMorgan Says. Here’s Why.”

“Oil is likely to jump to $80 a barrel by year end amid expanding demand and a lack of supply, according to JP Morgan analysts led by Joyce Chang. The upcycle in energy prices is supported by a surge in demand as the world… Continue Reading…

Stocks

“Goldman Sachs: These 3 Stocks Could Spike Over 60%”

“Ambrx Biopharma (AMAM)… This new biopharma stock has a Strong Buy rating from the analyst consensus, based on 3 positive reviews so far. The shares are priced at $19.56 and their $39.50 average target suggests room for an upside of 101%… Continue Reading…