S&P 500 turns green as Powell says quantitative tightening may stop soon
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Wall Street’s major averages seesawed before the S&P 500 (SP500) and the Dow (DJI) reversed path and turned green as Federal Reserve Chairman Jerome Powell said the Fed would stop its balance-sheet runoff soon.
Powell, at the National Association for Business
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Read MoreUS Stock Market Today: S&P 500 Drops 0.5% & NASDAQ Slips 0.9% as US-China Trade Tensions Rekindle Investor Caution
Global markets declined on Tuesday as trade tensions between the United States and China resurfaced, prompting a selloff in equities and cryptocurrencies. The S&P 500 dropped 0.5% as of 11 a.m. in New York, while the NASDAQ 100 declined 0.9%. The Dow Jones Industrial Average showed little change.
In Europe, the Stoxx 600 Index fell 0.4%,
Read MoreCommodities trading houses braced for ‘smaller rewards’
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» Read more about: Commodities trading houses braced for ‘smaller rewards’ »
Read MoreMassive Bet On Satoshi Nakamoto To Dump Bitcoin Sparks Panic About Cryptocurrency Crash
There is increasing (mostly unfounded) speculation that Satoshi Nakamoto could move all of and/or a large portion of his massive Bitcoin fortune in coming months. It could trigger a cryptocurrency crash.
Meanwhile, a massive bet on Polymarket creates even more suspicion about an imminent dump.
Billionaire Ken Griffin Sells Broadcom Stock and Buys an AI Stock Up 2,700% Since 2023
Ken Griffin is one of the most successful hedge fund managers in history, and he bought a small position in Palantir in the second quarter.
Billionaire Ken Griffin is one of Wall Street’s most esteemed money managers. He runs Citadel Advisors, the best performing hedge fund in history in terms on cumulative net gains,
The Burst
Brilliant Billionaire Buys Under-the-Radar Wide Moat Stock
In B2B sales and marketing, few companies have built as powerful a toolset as the one that caught Stan Druckenmiller’s eye.
With a unique moat in its vast proprietary database, accelerating AI-driven insights, and a growing foothold in emerging markets, this SaaS firm has become a must-have resource for enterprise sales teams.
Yet while bulls can point to a host of positive attributes,
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Read MoreThe Ivy
Looking for Stability? This High Dividend Yield ETF May Be Perfect
Vanguard’s High Dividend Yield ETF (VYM) is a popular income investment that combines high dividend income potential with Vanguard’s characteristic passive management and low expenses.
With the NASDAQ now actively in a correction and other indices also struggling, now may be a good time to consider defensive, dividend-generating stocks.
Is VYM a good ETF to buy,
» Read more about: Looking for Stability? This High Dividend Yield ETF May Be Perfect »
Read MoreThe Spotlight
Spotlight: Billionaire Loads Up on Unlikely Stock
You may not be familiar with Global Blue but it’s certainly grabbed the attention of the investment team at Third Point, run by billionaire Dan Loeb, who have got excited about it and understandably so when you peel back the covers.
The company specializes in tax-free shopping but it’s expanding into financial technology services,
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