Tag Archives: market

Wall Street economists on Tuesday were surprised by disappointing housing data, as U.S. housing starts fell 9.5% in April, compared to an expected 2% decline — the latest in a string of economic reports that have missed expectations both to the upside and the downside by wide margins. Meanwhile, the Federal Reserve is unlikely to signal any change in monetary policy over the summer, which could make trading stocks a bit boring, says one veteran trader. Summer tends to be less liquid and a Source link

The Crypto Fear and Greed Index, a metric that measures the current sentiment in the bitcoin market, has fallen to “extreme fear” levels not seen since April 2020, a report Tuesday showed. The drop in market sentiment follows the past week’s plunge in the bitcoin (BTC) price to about $43,200, down from last month’s record near $65,000. The Crypto Fear and Greed Index is now at 21, down from a “greedy” level of 73 just last week, according to the report from hosting site Alternative… Source link

Los Angeles-based electric vehicle startup Canoo is bringing its first vehicle to market next year. The company said Monday its electric microbus-slash-van will be available to buy in 2022 at a base price of $34,750 before tax incentives or add-ons. It’s now taking preorders in the United States for the “lifestyle” vehicle, as well as for its round-top pickup truck and multi-purpose delivery van. While Canoo did not release pricing for the other two vehicles, it said that deliveries for… Source link

Billionaire bond investor Jeffrey Gundlach called Bitcoin and cryptocurrencies are the “poster child” for speculation in a market with frothy valuations. The increasingly hot sector has had a rough couple of days, after Elon Musk sent Bitcoin (BTC) reeling on Wednesday. In a surprise move, the billionaire founder of Tesla (TSLA) said the company would stop accepting the digital currency for car purchases, touching off a new bout of volatility in crypto. According to Gundlach, the founder and… Source link

Market Coverage: Wednesday May 12th Yahoo Finance – Yahoo Finance Source link

DUBLIN–(BUSINESS WIRE)–The “Fantasy Sports Market – Global Outlook and Forecast 2021-2026” report has been added to ResearchAndMarkets.com’s offering. The global fantasy sports market by revenue is expected to grow at a CAGR of approx. 14% during 2020-2026. Digitalization is an essential factor that is driving the growth of the fantasy sports market. Consumers are currently connected with the outer world via digital mediums. An increase in smartphone use is a significant… Source link

Bloomberg ‘A Preventable Mess’: How Dementia Takes Toll on Aging Lawyers (Bloomberg) — Robert Fritzshall had to be pushing 80, Bethany McLean thought, so she was a little surprised to hear him talk about expanding his law practice.His office was a bit dusty and cluttered with papers. There were files on the floor. She was concerned that he didn’t see the need to carry malpractice insurance. But she doesn’t remember anything being a red flag.“He was charismatic, enthusiastic,” she… Source link

Goldman Sachs thinks the surprisingly lackluster April jobs report could be partially explained on the generosity of Uncle Sam.  “We see two partial explanations for the payrolls disappointment. First, reopening effects likely overlapped with normal seasonal hiring patterns, resulting in less-impressive job gains on a seasonally-adjusted basis. Second, labor supply appears to be tighter than the unemployment rate suggests, likely reflecting the impact of unusually generous unemployment… Source link

Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Thursday, May 6, 2021 One year after carnage, the strongest labor market on record.  The April jobs report tomorrow morning should be a barnburner. But outside of a big number for job gains last month — consensus estimates are that nonfarm payrolls grew by 995,000 last month, according to the latest data from Bloomberg — we also see a labor market recovery that continues to be an almost… Source link

Bloomberg NYSE Eases Curbs; Australia’s Ban Backlash Grows: Virus Update (Bloomberg) — The New York Stock Exchange will allow more traders on the floor if they’re fully vaccinated. The confirmed number of cases in the U.S. rose at the slowest pace in the week ended Sunday since the pandemic began, according to data compiled by Johns Hopkins University and Bloomberg.In Asia, India’s data is awaited as Prime Minister Narendra Modi resists pressure to lock down. Vietnam’s capital Hanoi… Source link