Investors Are Clinging to Cash
Individual investors increased the share of cash in their portfolios to around 25%! That’s the highest level since March 2020, when the stock market crashed during the onset of the pandemic, according to
Fed Approves Fourth 0.75-Point Rate Rise
The Federal Reserve lifted interest rates by 0.75 percentage point! To further combat inflation and signaled plans to keep raising them, though possibly in smaller increments. Tweet on FED rate rise by 0.75
Central Banks are ‘bullish’ on Gold!
Central banks are buying gold at a record pace, taking advantage of lower prices to diversify their foreign-exchange reserves. Central banks and institutions including sovereign-wealth funds bought almost 400 metric tons of gold
Uber revenue jumps 72%
Shares of Uber reacted on the news and jumped over 15% in early trading! That happened only after the ride-sharing company reported a jump in revenue that beat Wall Street expectations. Tweet on
Abiomed stock surges, after J&J agreement!
Shares in Abiomed jumped by half after Johnson & Johnson announcement! J&J announced that it would buy the heart, lung and kidney treatment company in a deal with an initial enterprise value over
Swiss Central Bank, reports $47 Billion Quarterly Loss!
The Swiss central bank lost about $47.4 billion in July through September! The volatile markets knocked the huge stash of overseas investments it has built up in recent years trying to cap the
Wheat Prices soar, as Russia threatens to suspend grain deal!
Wheat Futures prices jumped Monday! Soon after the news that Russia aims to suspend participation in a deal allowing agricultural exports from Ukraine Tweet on Wheat prices fluctuation amid war in Ukraine Wheat
GameStop Stock rises 6%
GameStop shares jumped shortly after Monday’s opening bell! While shortly after trading halted, before retreating later on The stock was recently up about 6% to just under $30 as broader markets retreated. It
Amazon Stock Falls After Earnings Report!
Shares of Amazon fell Friday following yesterday evening’s release of a downbeat revenue outlook for the current quarter! Setting the stock on course for its lowest close since early 2020. Amazon’s stock was
Tech Stock Selloff Continues
U.S. stock futures continues to decline! With tech stocks coming under fresh pressure after a sales warning from e-commerce giant Amazon.com added to concerns about the U.S. economy. As of mid-morning Futures for