Tag Archives: Heading

Investors are still reeling from a roller coaster ride — attempting to price in a bewildering array of sweeping sanctions against Russian entities with all its attendant knock-on effects. There’s a growing divide on Wall Street, with some saying that the worst is over and investors should buy the dip while others are saying investors should be cautious and concerned about lingering tail risks. Dominic Wilson of Goldman Sachs’ global markets strategy team is wary of both surging oil prices… Source link

Heading into a new trading week, Pfizer Inc. (NYSE: PFE), Alibaba Group Holding Limited (NYSE: BABA), Nvidia Corp. (NASDAQ: NVDA) and Moderna Inc. (NASDAQ: MRNA) are among the stocks seeing the highest interest on Reddit’s r/WallStreetBets forum. What Happened: Pfizer has emerged as the most-discussed stock on the forum with 106 mentions, followed by exchange-traded fund SPDR S&P 500 ETF Trust (NYSE: SPY) with 102 mentions, data from Quiver Quantitative showed. Chinese e-commerce giant… Source link

Asset bubbles may now be too big to burst, creating a situation that Central Banks around the world might be unable to control. If it all comes crashing down, we think there’s only one place to be … Gold. The precious metal could rise as high as $3,000 to $5,000 per ounce in the next 3-5 years. That’s according to the same fund manager who predicted the 2016 gold rally. As cited by Bloomberg, Diego Parrilla, manager of the $250-million Quadriga Igneo fund that called the last gold rally,… Source link

What Happened: Bitcoin (CRYPTO: BTC) is trading higher over multiple days, coming off a July 21 low of 29296.39 to a peak of over 34,000 Saturday July 24, a move of over 15%. Meanwhile, Ethereum (CRYPTO: ETH) is bouncing off a low of 1717.17 on Wednesday to a peak of over 2180 at the time of publication, up over 25% in four days. Why It’s Important: The two leading cryptocurrencies have been range bound since a major correction earlier this year. Bitcoin set an all-time high of 64900 on April… Source link

Bloomberg China Tech Crackdown Cycle Nearing an End, Top Investor Says (Bloomberg) — Beijing’s antitrust crackdown on homegrown tech giants may be coming to an end, leaving stock valuations of some of the major firms at attractive levels.That’s the view of Hyomi Jie at Fidelity International Ltd., whose China consumer equity funds oversee $7.3 billion in assets. One has beaten 96% of peers in the past year. Hong Kong-based Jie sold some of her holdings in Alibaba Group Holding Ltd. and… Source link

Fans look on from a tree as Phil Mickelson plays his shot from the seventh tee during the third round of the 2021 PGA Championship at Kiawah. (Patrick Smith/Getty Images) Does Phil Mickelson have your attention now? Going into Saturday’s third round of the PGA Championship, Mickelson was not the betting favorite … despite holding a share of the lead. He still wasn’t the betting favorite after he birdied the second hole to take sole possession of the lead, nor was he after he birdied the… Source link

The Guardian There’s another pandemic under our noses, and it kills 8.7m people a year While Covid ravaged across the world, air pollution killed about three times as many people. We must fight the climate crisis with the same urgency with which we confronted coronavirus ‘Climate change is invisible, in everyday political consciousness, because it occurs on a scale too vast in time and space to see with the naked eye and because it concerns imperceptible phenomena such as atmospheric… Source link

Gold prices were already on a tear amid wild pandemic, economic and electoral uncertainty, with big banks predicting $3,000 gold … Or even $5,000 gold … Right before Biden’s electoral victory, JPMorgan had called another 5% price hike in a “blue wave”. Though Trump loves gold and adorns everything with the precious metal, the precious metal itself was banking on a Biden win. Why? Because what it loves more than anything is the Biden-backed promise of monetary stimulus.  Historically,… Source link