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US stocks crashed yesterday and the Dow Jones turned negative for the year after Fed chair Jerome Powell spooked markets yet again with his hawkish comments during the Congressional testimony. Powell said that interest rates would be higher than what the US central bank had previously anticipated. The December dot plot showed that FOMC members…
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The US Fed released its minutes for the January meeting yesterday. Here are the key takeaways from the minutes. At the meeting, which began on January 31 and concluded on February 1, the Fed raised rates by 25 basis points. It was the slowest pace of rise since March 2022 when the US central bank…
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What can UK-based investors look forward to in 2022? In addition to inflation and continuing supply-chain troubles, energy and home prices will likely rise, but not as much as during 2021. General investing opportunities abound, even amid a turbulent economy. How should individuals take advantage of the upcoming risks and opportunities in the UK and…
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5 Crypto Gifts For The Holiday Season Giving the gift of crypto can be rewarding for both the giver and receiver. Beyond its potential as a speculative instrument traded on an open market which many regulators have been openly combing through for the better part of a year, cryptocurrencies can have significant value in the…
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Amid the stock market boom of 2020 and 2021, SPACs (special purpose acquisition companies) emerged as a lucrative way for companies looking to go public. Life has however come a full circle for SPACs and many are now liquidating. In 2020, SPAC IPOs hit a new record and the total money collected by these blank…
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Lucid Motors stock (NYSE: LCID) is trading higher in US premarket price action today after the company announced that it has completed the at-the-market stock offering. The stock hit its all-time low in regular trading yesterday. In its release, Lucid Motors said that it raised gross proceeds of around $600 million by selling over 56.2…
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US stocks fell last week and had their worst week since September. Some analysts see US markets falling to a new low in 2023. Hedge fund manager Dan Niles whose long-short fund is outperforming the markets in 2022 sees US stocks hitting new lows in 2023. Niles however sees a Santa Claus rally this year….
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US stock markets rallied handsomely yesterday after Fed chair Jerome Powell’s dovish comments at a speech at the Brookings Institution. While the Fed has played party pooper over the last six months, this time Powell said just what the markets wanted to listen. The US central bank has raised rates by a total of 3.75%…
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Lucid Motors (NYSE: LCID), which went public last year through a reverse merger with Churchill Capital IV, fell below $10 in yesterday’s price action and hit its new post-merger low. Can the once-hyped Tesla killer live upto the hype? To be sure, LCID stock is still only marginally below $10. The performance might look quite…
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Institutional investors in Big Tech companies have been a worried lot as the stocks have sagged this year. In the latest move, TCI Fund Management has written a letter to Alphabet calling upon the company to lower costs. TCI said that it has been a “significant shareholder” of Alphabet since 2017 and currently holds around…
