The stock market could face another tumultuous year in 2023, with the S&P 500 experiencing a dramatic correction if the U.S. tumbles into a recession, according to Bank of America strategists. In a Monday analyst note, the strategists warned the benchmark index could fall as low as 3,240 points, or...
Bitcoin continued to make new bear market lows and has essentially failed as an inflation hedge. The ongoing recession-like macro environment has dramatically reduced the price per BTC and the share prices of top tech giants across the globe. In a direct comparison with the Mark Zuckerberg-owned META, the...
No one could predict what President Donald Trump would do in the last days of December 2020, and stunned onlookers could only wait and hope. One lobbyist recalled how he didn’t dare to bring up the elephant in the room as Trump debated signing the $900 billion COVID recovery stimulus...
Here's how to make the most of the upcoming bull market. This year hasn't been easy for investors. Between surging inflation, a bear market, and the constant threat of a recession, it's easy to feel discouraged about the future. But there is good news. Every single bear market and recession in history --...
If you're worried about the fallout of FTX and how it will impact Bitcoin, don't worry. Bitcoin has been here before. The news of crypto exchange FTX declaring bankruptcy and how it got to this point represents a low point for the crypto industry -- but not for all cryptos,...
Bitcoin is a dynamic monetary asset with the potential of being both — a commodity and a currency. For instance, the Securities and Exchange Commission (SEC) classified BTC as a commodity, whereas El Salvador made Bitcoin a legal tender in 2021. So, does this make BTC a store of value or a medium...
Three major Wall Street banks expect the S&P 500 to tank over 20% at some point next year. US stocks face a recession, cuts to earnings outlooks and liquidity risks as the Fed hikes rates. Here's what Morgan Stanley, Bank of America and Deutsche Bank say about what could drag stocks...
BlackRock CEO Larry Fink said that "the next generation for markets, the next generation for securities, will be tokenization of securities." In the world of blockchain, tokenization refers to a process where a digital representation of an asset is created on a blockchain, authenticating its transaction and ownership history. This approach...
Bitcoin fell back below US$17,000 in Friday morning trading in Asia. Ether and all other non-stablecoin top 10 cryptocurrencies by market capitalization also lost ground. Dogecoin posted the biggest drop on the list, while Polkadot and Polygon both fell less than 2%. Fast facts Bitcoin fell 1.2% to US$16,968, in the...
A global slowdown in initial public offerings due to heightened market volatility and a regulatory cloud over new listings from China has created pent up demand that could lead to an IPO boom in 2023, industry executives told the Reuters NEXT conference. Global IPOs hit record-high levels in 2021, driven...
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