The list of reasons why the financial market’s wild swings can keep going and even worsen is growing by the day – starting with the fact that investors aren’t yet pricing in worst-case scenarios for inflation and the US economy. Though Wednesday’s consumer-price index report for April should offer more clues, the data won’t entirely … Read more
Billionaire entrepreneur Mark Cuban thinks that cryptocurrency is on the same downswing that tech and internet companies hit in the early 2000s. Bitcoin hit a 10-month low as U, S. stocks continued to fall on Monday. And sales of non-fungible tokens, aka NFTsplummeted between January and March 2022. Cuban addressed the slump in a viral … Read more
On another difficult Friday afternoon for the stock market, the broad US indexes ended with significant declines. One element that stood out during such a rough year for technology stocks was that the FAANG group (Facebook holding company Meta Platforms Inc. FB, Apple Inc. AAPL, Amazon.com Inc. AMZN, Netflix Inc. NFLX, Google holding company Alphabet … Read more
In a matter of hours, promising signs from of stock market rally have turned into pessimism, even panic. For retail investors trying to get their legs during a volatile moment, Thursday’s deep downward lurch is exactly what they didn’t want. But it might be what they knew was bound to happen all along. A day … Read more