Ark Investment Management’s Cathie Wood purchased several biotechnology and other tech-related stocks. Renowned investor Cathie Wood, chief executive of Ark Investment Management, on Monday bought shares of a top video-streaming company, several biotechnology companies and Read more…
The dollar index edged lower on Tuesday, following a multiple failure to sustain probes above psychological 100 barrier. Traders sold dollar after US inflation rose further in March and made a biggest multi-year rise, but Read more…
The US released March inflation data earlier today. The headline CPI print was 8.6% YoY vs 8.5% YoY expected and 7.9% in February. This was the highest inflation reading since December 1981! The large increase Read more…
A person opened fire on a New York City subway platform in Brooklyn during rush hour Tuesday morning. Over a dozen people have been injured in a mass shooting in a New York City subway Read more…
The three key U.S. cruise lines require passengers (except for young kids) to be vaccinated. Will that change soon? Vacation cruising has nearly returned to normal. Passengers no longer have to wear masks onboard while Read more…
Markets Early this morning, it looked that the congruent sell-off in bond and equity markets would simply continue going into the US March inflation release. At 2.83%, the US 10-y yield touched the highest level Read more…
The US consumer price index has updated its record since 1981, accelerating to 8.5% y/y from 7.9% a month earlier and slightly stronger than the 8.4% average analysts forecast. However, yesterday’s White House warning of Read more…
Consumer price inflation continued to accelerate in March, rising 1.2% month-on-month (m/m) – the fastest month-over-month pace since September 2005. On a year-over-year (y/y) basis, inflation was 8.5%, marking yet another multi-decade high. Gasoline prices Read more…
Stocks rise even though headline inflation jumps to 8.5%. USD falls. US futures Dow futures +0.65 % at 34507 S&P futures +1.22% at 4463 Nasdaq futures +1.8% at 14262 In Europe FTSE -0.3% at 7635 Read more…
Crypto investors are bailing from these riskier assets as recession fears intensify. The crypto market is once again at a crossroads. In particular, will bitcoin resume its rally or are too many headwinds pushing it Read more…