Mazars has found itself in the headlines again this year after confirming it’s pausing work for crypto clients, including Crypto.com, KuCoin, and Binance, the world’s largest crypto exchange. The news rocking the cryptocurrency world comes after the accounting firm in February backed away from another high-profile client — former President Donald Trump. On Friday, Mazars told Yahoo Finance that it “paused its activity relating to the provision of Proof of Reserves Reports for entities in… Source link
Read More »Why geopolitics is rocking the US stock market
Before Russia invaded Ukraine, there had been quite a bit of research circulating that concluded the impact of such an event to the U.S. stock market . LPL Financial’s Ryan Detrick looked back at . , the hit to the S&P 500 tends to be relatively light and the volatility tends to be relatively short-lived. “The combined revenue exposure of the S&P 500 to Russia and Ukraine is about 1%,” FactSet’s John Butters . With all of this information already out there, why have markets been selling… Source link
Read More »Re-opening rotation trades are rocking the market: Morning Brief
Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Thursday, March 4, 2021 Tech stocks go red for 2021. The re-opening rotation trade has been underway for months now. This trade can broadly be thought of as a move by investors away from stocks that worked in the stay-at-home world of 2020 and into names that should benefit from accelerating economic growth. This new theme kicked off following early November news that Pfizer (PFE) and BioNTech ( Source link
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