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Read More »Inflation data raises doubts about whether Fed will ‘stay the course’: Morning Brief
This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Friday, November 11, 2022 Today’s newsletter is by Jared Blikre, a reporter focused on the markets on Yahoo Finance. Follow him on Twitter @SPYJared. Read this and more market news on the go with Yahoo Finance App. Stocks and bonds had an especially bullish reaction to new data out Thursday showing that inflation continues to moderate after… Source link
Read More »HSBC strategist doubts recent market rally
U.S. stocks have rallied so far in July, and a nearly 10% gain in the S&P 500 since June 16 has lead to speculation from some investors about whether the market has finally bottomed. But in the view of at least one market strategist, the answer to this question is an emphatic “No.” “It still looks a bit wobbly,” HSBC Chief Multi-Asset Strategist Max Kettner told Yahoo Finance Live on Monday. “To me, there’s this bear market rally we are seeing, because the underlying fundamental data… Source link
Read More »Bitcoin plummets as doubts grow over sky-high valuation
By Tom Wilson and Tom Westbrook LONDON/SINGAPORE (Reuters) – Bitcoin plummeted as much as 17% on Tuesday as investors grew nervous at sky-high valuations, triggering the liquidation of leveraged bets and sparking a sell-off across cryptocurrency markets. The world’s biggest cryptocurrency was facing its biggest daily drop in a month, falling to as low as $45,000. In choppy trading, it was last down 15.6%. The drop took its losses to over a fifth from a record high of $58,354 hit on Sunday and… Source link
Read More »Jack Nicklaus says he took hydroxychloroquine, doubts COVID-19 death count after endorsing Trump
Jack Nicklaus announced his endorsement of Donald Trump on Wednesday after years of supporting the president, and now he’s going more in-depth on why he wants to see four more years. When approached by The Palm Beach Post’s Tom D’Angelo, Nicklaus revealed that he had posted the six-paragraph statement at the prodding of Vice President Mike Pence. He said he knew the move would draw significant backlash, though he claimed most of the reaction has been positive: “I knew when I did that… Source link
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