Oppenheimer chief investment strategist John Stoltzfus is in rarified air on Wall Street entering the New Year. The long-term market forecaster now sports the most bullish price target on the S&P 500 amongst his peers, eclipsing the always optimistic Brian Belski at BMO Capital Markets. Stoltzfus — who has spent 38 plus years on the Street — sees the S&P 500 climbing 14% to 5,330 by the end of 2022. Belski forecasts S&P 500 5,300. Through Wednesday, the S&P 500 is up 24%… Source link
Read More »Ethereum developer sees crypto impacting ‘every corner of society’
When people hear about cryptocurrencies, they think about alternative forms of money. But Lane Rettig, one of Etherium’s (ETH-USD) former core developers, says crypto could change everything – from the way businesses are formed and run, to how tickets are purchased for sporting events and concerts, and how salaries are paid. “It’s the beginning of a new economy that creates value for people everywhere,” Rettig told Yahoo Finance in an exclusive interview. “Crypto will have a… Source link
Read More »Doctor sees ‘beginning of a wave’ as winter looms
COVID-19 cases are rising in a number of U.S. states ahead of the holiday season, and it’s prompting warnings of a coming winter wave, as health care officials point to rising cases in Europe as a sign of what’s to come in the United States. “Sadly, I do think that we’re at the beginning of a wave,” said Dr. Taison Bell, assistant professor of medicine in the divisions of Infectious Diseases and International Health and Pulmonary and Critical Care Medicine at University of Virginia,… Source link
Read More »Digital Currency Group sees $10 billion valuation as SoftBank, Google invest
Barry Silbert, Founder and CEO, Digital Currency Group David A. Grogan | CNBC Digital Currency Group is selling shares to SoftBank and Google’s venture capital arm in a deal that values the crypto conglomerate at more than $10 billion. The Manhattan-based, private company announced a secondary round on Monday, in which existing investors are selling shares to new backers. The $700 million deal was led by SoftBank and included Google’s Capital G and Ribbit Capital, among others. Digital… Source link
Read More »For Yandex N.V. [YNDX], Analyst sees a rise to $111. What next? – The DBT News
Yandex N.V. [NASDAQ: YNDX] gained 6.52% on the last trading session, reaching $83.10 price per share at the time. The company report on October 27, 2021 that Yandex Announces Third Quarter 2021 Financial Results. Yandex (NASDAQ and MOEX:YNDX), one of Europe’s largest internet companies and the leading search and ride-hailing provider in Russia, announced its unaudited financial results for the third quarter ended September 30, 2021. 3 Tiny Stocks Primed to Explode The… Source link
Read More »Mistaken Facebook Identity Sees Meta Materials Shares Soar 32%
Reuters U.S. congresswoman Greene bought Trump SPAC shares (Reuters) -U.S. Representative Marjorie Taylor Greene, an ally of Donald Trump, bought as much as $50,000 worth of shares in the special purpose acquisition company (SPAC) that has agreed to merge with the former president’s new social media venture. Greene bought shares worth between $15,001 and $50,000 on Oct. 22, the day they rose in value by as much as 1,650% from what they were worth before the deal, as amateur traders and Trump… Source link
Read More »Kevin O’Leary sees ‘trillions’ coming to crypto — but he still loves these dividend stocks
Kevin O’Leary sees ‘trillions’ coming to crypto — but he still loves these dividend stocks “For the first time ever, my crypto exposure is greater than gold.” That’s what investment mogul and Shark Tank personality Kevin O’Leary told Stansberry Research in an interview earlier this month. In fact, Mr. Wonderful plans to double his crypto holdings to 7% of his portfolio by the end of this year, largely because he sees “trillions of dollars” of interest coming into the… Source link
Read More »Yandex sees interest in driverless deliveries in Dubai — company – Business & Economy
MOSCOW, October 18. /TASS/. Yandex sees interest in the application of driverless technologies for deliveries in Dubai, the press service of the Russian technology company told TASS on Monday. “We see much interest in self-driving technologies in delivery worldwide, including this region,” the company said. Negotiations with potential partners are underway now, the press service added. The Nation News reported earlier that Yandex was considering an opportunity to launch robotic couriers… Source link
Read More »California woman sees nearly $350,000 discharged in personal bankruptcy while serving as her own lawyer
A California woman with more than $350,000 in student debt served as her own lawyer in personal bankruptcy and saw 98% of her loans discharged in the latest case in a growing trend. Court filings show that the Education Department (ED) and the Los Angeles-based woman, Mis Loe, agreed on August 30 that Loe would pay $7,200 of her $356,637.82 in outstanding loans (at a fixed monthly rate of $60 for 10 years or until October 1, 2031). Once Loe completes the $7,200 payment by October 2031,… Source link
Read More »Morgan Stanley Sees Growing Risk of 20% Drop in S&P 500
(Bloomberg) — A plunge of more than 20% in U.S. stocks is looking more like a real possibility, according to Morgan Stanley strategists led by Michael Wilson. Most Read from Bloomberg While it’s still a worst-case scenario, the bank said that evidence is starting to point to weaker growth and falling consumer confidence. In a note on Monday, the strategists laid out two directions for U.S. markets, which they dubbed as “fire and ice.” In the fire outcome, the more optimistic view, the… Source link
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