Mastercard CEO Michael Miebach thinks it will be a merry holiday season despite fears of a U.S. recession. “Currently, based on the data that we we have, there is no such indication [of a recession],” Miebach told Yahoo Finance Presents in an exclusive interview (video above). “The consumer is resilient, and that resilience will last. We have no indication that there is a near-term recession.” Miebach’s comments on a recession echo what rival CEO Stephen Squeri at American Express recently… Source link
Read More »The case against a near-term recession: 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 Tuesday, April 19, 2022 Today’s newsletter is by Emily McCormick, a reporter for Yahoo Finance. Follow her on Twitter Everybody’s talking about a recession that may not come — anytime soon. Calls for a downturn have escalated in recent months amid soaring inflation, inverted Treasury yield curves, and the specter of tighter monetary policy from… Source link
Read More »Bitcoin’s October price rise suggests near-term crypto bull run amid regulation
Bitcoin and other cryptocurrencies are shooting up the charts this week, continuing their break-away pattern from the stock market over the last month. While bitcoin’s (BTC-USD) volatile behavior still baffles plenty of investors, it’s increasingly the safest bet as regulators worldwide signal a tightening over the crypto sector. While the overall crypto market at times moves in lockstep with other risk-on assets, since October the asset class is showing some divergence. The S&P 500 (^GSPC)… Source link
Read More »Bitcoin Slips Toward $30,000 as Strategists Flag Near-Term Risks
(Bloomberg) — Strategists are struggling to see a turnaround ahead for Bitcoin, at least for now, as the digital coin hovers around the $30,000 level. The near-term setup is “challenging,” a JPMorgan Chase & Co. team including Josh Younger and Veronica Mejia Bustamante wrote in a note Friday, while Fundstrat Global Advisors LLC’s David Grider recommended reducing risk or buying some protection. The JPMorgan team said blockchain data suggests recent cryptocurrency sales were made to… Source link
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