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A popular crypto analyst has pointed out a new price target for Bitcoin BTC/USD, altcoins and s**t coins. What Happened: According to pseudonymous analyst "Capo of Crypto," BTC will drop somewhere between $12,000 and $14,000. At the time of writing, BTC was trading at $16,201, down 2% in the last 24 hours.
Stocks have not yet bottomed and investors should be prepared for flat returns through 2023, Goldman Sachs says
Investors should boost holdings of cash and credit and reduce exposure to stocks and bonds in the near-term, according to Goldman Sachs.
'Rich Dad Poor Dad' Author Says Economy Is Biggest Bubble In World History: 'God Have Mercy On Us All'
"Rich Dad, Poor Dad" author Robert Kiyosaki has made some gloomy predictions in the past about the economy and the condition of the market. Now, in a new tweet, Kiyosaki said the "economy is the biggest bubble in world history." He also mentioned that he does not invest in equities, bonds, ETS, or mutual funds.
Crypto prices started the week on a negative note, with Bitcoin BTC/USD trading lower on Monday. However, price for the most valued cryptocurrency in the world remained above the $16,000 level on Monday. Ethereum ETH/USD also traded lower, falling below the major $1,200 level. Stacks STX/USD was the top gainer...
“Big Short” fame investor and hedge fund manager Michael Burry has yet again sounded the alarm on white-collar jobs burgeoning unsustainably amid a falling market and fears of an economic recession. What Happened: Burry, early Monday (Sept. 26), tweeted that the "white collar employment bubble is bursting right before...
At the time of writing, Dogecoin was trading at $0.1035, a 28% jump in the last seven days. Dogecoin is still way off its all-time high of $0.737567, reached on May 8, 2021,. Cryptocurrency Dogecoin DOGE/USD is soaring on Sunday. After rallying over 9% on Saturday, it traded above the 10-cent level on Sunday.
The crypto industry is still reeling under the aftermath of the collapse of crypto exchange FTX. But outside of FTX, cryptocurrency theft is rampant, especially in the UK, where it increased by a third in one year. Thieves stole hundreds of millions of pounds from victims, according to police data cited by the Financial Times.
Andra Nicolau explains why DeFi alternatives are needed after the FTX collapse. Nicolau now leads Origin Protocol's stablecoin OUSD after raising $275M+ in DeFi. In a risk-off environment where cryptocurrency has plummeted to a fraction of its previous valuation, it’s no secret raising capital in 2022 has become a challenge for startups and industry behemoths alike.
Tesla's Uncertainty Path After Xi Jinping's Covid Restrictions Threaten Production: What's Going On?
Tesla, Inc TSLA was up over 1% on Monday morning after trading flat during Friday’s shortened trading session. Rare protests erupted in China over the weekend after the government continued to tighten its COVID-19 restrictions. Lockdowns in Shanghai, where half of Tesla’s global production is manufactured, threaten the EV giant's revenues for the fourth quarter, which is usually a seasonally strong period for the company.
Elon Musk Floats New Conspiracy Theory About The Identity Of Elusive Bitcoin Creator Satoshi Nakamoto
Satoshi Nakamoto is the name used by the presumed pseudonymous person(s) who developed apex cryptocurrency Bitcoin BTC/USD, but Tesla Inc. TSLA CEO Elon Musk has taken a "conspiracy" spin on how the name came into being. What Happened: Musk took to Twitter to highlight that the name ‘Satoshi Nakamoto’ is...
If history is any guide, there may be good fortune ahead for shares of Boston Scientific BSX. A so-called "golden cross" has formed on its chart and, not surprisingly, this could be bullish for the stock. What To Know: Many traders use moving average crossover systems to make their decisions.
U.S. stocks traded lower this morning, with the Dow Jones dropping more than 100 points on Monday. Following the market opening Monday, the Dow traded down 0.39% to 34,213.93 while the NASDAQ fell 0.44% to 11,175.95. The S&P 500 also fell, dropping, 0.52% to 4,005.11. Leading and Lagging Sectors. Consumer...
Tesla Inc TSLA CEO Elon Musk responded to a Twitter post that played down his role in the automaker's early years. What Happened: Musk's reaction was in response to a post by @SamTwits who said that a post shared on Twitter was "misleading." The original post by YouTuber Jake Broe...
Morgan Stanley raised the price target on Warner Music Group Corp. WMG from $31 to $38. Morgan Stanley analyst Benjamin Swinburne maintained an Overweight rating on the stock. Warner Music Group shares rose 1% to trade at $32.51 on Friday. RBC Capital raised the price target for MFA Financial, Inc....
Someone with a lot of money to spend has taken a bullish stance on Axsome Therapeutics AXSM. And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga. Whether this is an institution or just...
One of the biggest concerns for investors heading into the end of the year is whether the U.S. economy will soon slip into a recession. On Monday, Bank of America economist Ethan Harris said he is "puzzled" by economists that don't anticipate a 2023 recession as their base case at this point.
It's not just housing – other US sectors are about to feel the brunt of the Fed's rate hikes, Solus strategist says
The US economy "is akin to a large cruise ship that turns very slowly, and we're in the process of making those turns towards weakness," Dan Greenhaus said.
Russian President Vladimir Putin, at the International AI Journey Conference in Moscow, criticized Western sanctions and urged for a system "independent of external interference." What Happened: Putin called for an independent and blockchain-based settlement network as he criticized the U.S. and its allies’ monopoly in global financial payment systems.