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Banking, Economy

“JPMorgan Sees India Share Sale Boom Reaching $30 Billion in 2024”

“…India will see at least $30 billion raised annually through primary and secondary share sales in 2024 and in the years to come, as companies and their shareholders are more willing to tap the market for funding, according to JPMorgan… Continue Reading…

Banking

“Some banks see new cracks forming in a resilient US consumer”

“…Executives from Wells Fargo (WFC), Fifth Third Bancorp (FITB) and Capital One (COF) all said this past week that they are noticing a divergence between the two ends of their customer base, with lower income consumers feeling more pain on… Continue Reading…

Banking, Stocks

“JPMorgan’s Kolanovic Sees Stock Selloff as US Debt Talks Drag On”

“…The strategist reiterated a call to remain underweight both US and European stocks as X-date approaches, with a potential political standoff on a resolution exacerbating the already present threat of a recession — particularly if 2011’s debt event is any… Continue Reading…

Cryptocurrencies

[Claim] “Scaramucci sees bitcoin at $50,000 to $100,000 in 2-3 years as market hopes for bull run”

“While bitcoin has gotten a small bump at the start of the year, in line with risk assets like stocks, experts say bitcoin is unlikely to retest its all-time high of just under $69,000 but it may have bottomed… “There’s… Continue Reading…

Energy

“Oil: ‘We’re going to see $65 before we see $100 ‘ in WTI, says analyst”

“OPEC+ will cut oil production by 2 million barrels per day amid looming demand concerns and the ongoing friction between the West and Russia over the war in Ukraine… “It is OPEC that is going to be controlling the price.… Continue Reading…

Banking

“Bank of England hikes interest rates to 13-year high, sees inflation hitting 10%”

“…The Bank’s Monetary Policy Committee approved a 25-basis point increase by a majority of 6-3, taking the base interest rate up to 1%. The Bank said the members in the minority preferred to increase interest rates by 0.5 percentage points… Continue Reading…

Precious Metals

“Investors Could See Gold Prices Hitting Over $2,000 In 2022”

“EDITOR’S NOTE: Market sentiment and fundamentals are the only two factors that count when it comes to gold prices. The problem is that they’re often not in sync. Neils Christensen is wagering his bullishness on sentiment, based mostly on his… Continue Reading…

Energy

“[California] may see nearly $6 gas in 2022: study”

“In a new study released on Wednesday, GasBuddy forecasts the nationwide average price for gas will be $3.41 in 2022. The current price nationwide averages about $3.29. GasBuddy thinks prices could near $4 a gallon by June as drivers take… Continue Reading…

Stocks

“Goldman Sachs Sees These 2 Stocks Surging Over 70%”

“Dole Plc (DOLE)… Overall, the recent analyst reviews on DOLE, breaking down to 3 Buys, 1 Hold, and 1 Sell, give the stock a Moderate Buy consensus rating. Shares are priced at $14.87 and the average price target of $19.60 implies… Continue Reading…

Stocks

“Wall Street sees as much as 56% upside for its 20 favorite stocks”

“Wall Street’s favorites among the S&P 500 Analysts who work for brokerage firms tend to shy away from negative ratings. Among the S&P 500, there are no companies with majority “sell” or equivalent ratings. But the analysts still have clear… Continue Reading…