As bitcoin, the world’s largest cryptocurrency, struggles to recover after a massive crash, regulatory, and private sector focus has turned to another part of the digital currency world: stablecoins. The past week saw Meta Platforms Inc. pilot its stablecoin payments wallet, while the world’s largest payments processor Visa launched a crypto advisory service and said…
Wall Street Falls on Omicron Worries Ahead of Fed Meeting
December 13, 2021
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U.S. stocks fell on Monday on worries about the Omicron coronavirus variant ahead of a Federal Reserve meeting later this week, while investors watched Apple close in on $3 trillion in market capitalization. Seven of the 11 major S&P 500 sector indexes fell, with only defensive stocks including consumer staples, utilities, and real estate gaining….
US Stock Futures Push Higher Ahead of Fed Meeting on Stimulus
U.S. stock futures were up in early trading Monday, as market mood appeared more upbeat as investors look ahead to a Federal Reserve meeting later in the week and weigh whether policymakers will accelerate their timeline for scaling back stimulus in the face of high inflation. Investor risk appetite seemed to inch up early Monday,…
Oil Steady but Omicron Risks Weigh
December 13, 2021
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LONDON—Oil was steady on Monday, but new concerns about the Omicron coronavirus variant and doubts around the effectiveness of vaccines against it were weighing on prices. Brent was up 6 cents, or 0.1 percent, at $75.21 a barrel by 0947 GMT, and U.S. West Texas Intermediate (WTI) gained 9 cents, or 0.1 percent, to $71.76…
Stocks on Firm Ground as Markets Brace for Central Bank Loaded Week
December 13, 2021
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LONDON—World stocks, oil prices, and the dollar firmed on Monday as a generally upbeat mood took hold of world markets ahead of a host of central bank meetings this week that includes the U.S. Federal Reserve. Equity markets across Europe opened higher, with the pan-region STOXX 600 index last up 0.35 percent, while U.S. equity…
This ETF Brings Exposure to Meme Stocks: A Look at the Holdings
A new exchange traded fund offers investors the chance to own a basket of companies that are considered “meme stocks.” Here’s the details and holdings on the new Roundhill MEME ETF. Roundhill MEME ETF The ETF was launched as the first ETF explicitly designed to track the performance of meme stocks, MEME will rebalance on…
Chart Wars: Will Ford Close the Gap Between Tesla’s Stock?
Ford Motor Co. and Tesla Inc. have both formed weekly chart patterns that could provide clues to their future direction for the long-minded trader and investor. Ford has formed a bull flag pattern while Tesla has settled into a bearish downtrend. As more and more legacy automakers continue the switch to electric vehicles, there is…
Goldman Bets Big on Paymentus’ Relation With PayPal, JPMorgan
Goldman Sachs analyst Will Nance initiated coverage on Paymentus Holdings Inc. with a Buy rating and $41 price target, representing 44 percent upside. The analyst believes the market is overly pessimistic on its ability to see accelerating revenue momentum given its recent messaging around revenue visibility. Further, Paymentus’s partnerships with PayPal Holdings Inc. and JPMorgan…
Inflows Into US Bond Funds Dwarf Equity Purchases in 2021: Lipper
December 10, 2021
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U.S. bond funds have attracted record inflows this year, despite worries about inflation and expectations the Federal Reserve could roll back its pandemic-era stimulus measures earlier. According to Refinitiv Lipper data, U.S. bond funds attracted a net $612 billion in the first eleven months of this year, already surpassing the record inflow of $486.18 billion…
Dollar Loses Ground After US Inflation Data
December 10, 2021
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The dollar lost some ground on Friday after U.S. consumer prices increased roughly in line with expectations in November as investors, who had been bracing for much higher inflation, bet that the actual number would not change the pace of interest rate hikes. Labor Department data showed an increasing consumer price index (CPI) as cost…
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