Jordan Belfort, better known as “The Wolf of Wall Street,” sees no real value behind meme-coins such as Shiba Inu and Dogecoin. What Happened In an interview with British tabloid The Sun, Belfort slammed meme-based cryptocurrencies as “[expletive] coins” that are outright scams. According to him, cryptocurrencies such as Shiba Inu and Dogecoin have “no…
Jordan Belfort: Shiba Inu and Dogecoin Have ‘No Value,’ Meme-Coin Creators Should Be Jailed
Citi Sees 12.4 Percent Upside in This Semiconductor Company
Citi analyst Atif Malik raised the price target on Applied Materials Inc. to $175 from $160, implying 12.4 percent upside, and reiterated a Buy. The analyst updated his model to reflect the company’s balanced end-market mix and benefits from 3D devices. Applied Materials reported Q4 FY21 revenue of $6.12 billion, missing the consensus of $6.34…
S&P 500, Dow Surge Over 1 Percent on Boost From Financials, Boeing
December 2, 2021
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The Dow and the S&P 500 rebounded on Thursday, boosted by financial shares and Boeing in a week so far marked by wild swings on rising angst about the spread of the new Omicron coronavirus variant globally. Boeing Co. jumped 5.7 percent after China’s aviation authority issued an airworthiness directive on the 737 MAX that…
Boeing Lifts Dow at Open After Omicron-Led Selloff
December 2, 2021
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The Dow opened higher on Thursday, led by gains in planemaker Boeing, although increasing cases of the new Omicron coronavirus variant across the world continued to drive volatility in markets. The Dow Jones Industrial Average rose 54.21 points, or 0.16 percent, at the open to 34,076.25. The S&P 500 opened lower by 8.31 points, or…
Global Markets Mixed After Wall Street Decline, Virus Unease
December 2, 2021
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BEIJING—Global stocks and Wall Street futures were mixed Thursday as traders tried to figure out the potential impact of the latest coronavirus variant. London and Frankfurt opened lower and Shanghai and Tokyo fell. Hong Kong advanced. It is unclear whether omicron is more dangerous than other variants. But governments have responded by tightening travel controls….
Powell: Fed ‘Not at All Sure’ Inflation Will Fade Next Year
December 2, 2021
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WASHINGTON—In a fresh sign of his growing concerns about inflation, Chair Jerome Powell said Wednesday that the Federal Reserve can’t be sure that price increases will slow in the second half of next year as many economists expect. Powell told the House Financial Services Committee that most economists regard the current price spikes, which have…
Equity Exposure Remaining Steady, US Rates and Omicron Pose Risks: Global Fund Managers
December 1, 2021
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Fund management firms across the United States, Europe, and Japan have recommended holding equity exposure rate steady in a model portfolio, according to a Reuters poll taken mostly before the discovery of the latest COVID-19 variant sent a shiver through the markets. The Nov. 15–30 poll of 35 fund managers and chief investment officers suggested…
Equity Exposure Remains Steady, US Rates and Omicron Pose Risks: Global Fund Managers
December 1, 2021
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Business & EconomyeconomyFrance's CAC 40Germany's DAXInternationalJapan's Nikkei 225Market WatchReuters PollUSWorld
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Fund management firms across the United States, Europe, and Japan have recommended holding equity exposure rate steady in a model portfolio, according to a Reuters poll taken mostly before the discovery of the latest COVID-19 variant sent a shiver through the markets. The Nov. 15–30 poll of 35 fund managers and chief investment officers suggested…
Wall Street Opens Higher After Virus-Driven Rout
December 1, 2021
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U.S. stocks jumped at the open on Wednesday, recovering from a sharp sell-off triggered by concerns over rising inflation and the new Omicron coronavirus variant. The Dow Jones Industrial Average rose 195.22 points, or 0.57 percent, at the open to 34,678.94. The S&P 500 opened higher by 35.82 points, or 0.78 percent, at 4,602.82. The…
OPEC+ Begins Two Days of Talks Amid Oil Rout
December 1, 2021
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LONDON—OPEC and its allies begin two days of meetings on Wednesday to decide whether to release more oil into the market or restrain supply amid an oil price rout and fears the Omicron coronavirus variant could weaken global energy demand. Oil prices fell to near $70 a barrel on Tuesday from as high as $86…
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