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Cathie Wood of ARK Invest has said that the Fed is making a mistake with its aggressive interest rate hikes and could end up causing an economic “bust.” Contrary to what many believe, Wood has long stated that the US economy is headed for deflation. Also, this is the first time when Wood has lashed…
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Ford (NYSE: F) yesterday announced a price hike for its F-150 Lightning model. This is the second price hike for the all-electric model of its best-selling F-150 pickup truck in two months and comes amid inflationary pressures. Ford has increased the price for its 2023 F-150 Lightning Pro by $5,000 to $51,974. While in August,…
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Tesla’s CEO Elon Musk is no stranger to controversies. After walking out of the deal to acquire Twitter at $54.20 per share, the world’s richest person has proposed buying the company at the original terms. Twitter sued Musk after he backtracked on the deal. The trials were set to begin in a few days and…
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Wall Street analysts have been getting bearish on US stocks amid recession fears. Last week, Goldman Sachs and Evercore ISI joined the long list of brokerages that have lowered S&P 500’s 2022 targets. US stocks plunged last week after the Federal Reserve announced a 75-basis point rate hike. The S&P 500 lost 4.6% last week…
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The merger between former President Donald Trump’s TMTG (Trump Media & Technology Group) and Digital World Acquisition Corp. (NYSE: DWAC) looks in trouble as PIPE (private investment in public equity) investors seek a better deal. This is the latest headwinds for the DWAC-TMTG merger as the SPAC (special purpose acquisition company) has been delaying stockholder…
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There has been some upwards price action in US stocks over the last couple of trading sessions. It was preceded by three consecutive weeks of losses in the S&P 500. While US stocks are up from their June lows, the S&P 500 is still down 15% from its all-time highs. Wall Street analysts are quite…
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Amazon was the worst performing FAANG stock of 2021 and rose only 2.3%. It underperformed not only the FAANG peers but also the S&P 500. 2022 has been tough for tech stocks and Amazon has also lost almost a quarter of its market cap in the year. However, it is still the second-best performing FAANG…
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With a YTD loss of over 71%, Peloton (NYSE: PTON) is among the worst-performing stocks this year. The stock had crashed last year as well after the splendid rally in 2020. With PTON stock now approaching its 52-week lows, Wall Street analysts remain quite divided on the stock. Peloton went public in 2019 and priced…
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Bit Index AI is a viral online trading robot launched in 2019. The robot automates CFDs trading on top cryptos such as Bitcoin, Ethereum, Bitcoin Cash, and XRP. Many experts have reviewed this bot and ranked it among the best CFD robots in the market. Users also rate it as insanely profitable and extremely easy…
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The Bitcoin 360 AI robot broke the internet at the beginning of 2022 and has remained an internet sensation. A Google Trends search indicates that its popularity is growing rapidly. The popularity is reportedly propelled by its insane profitability. About 90% of the crypto millionaires today have reportedly made their fortunes through the bot. Bitcoin…
