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Markets
Wall Street strategists actually called 2023 correctly — apart from these seven stocks
As Wall Street strategists roll out their 2024 forecasts, they’ve been getting plenty of side-eye for largely steering their clients wrong on where stocks…
NZD/USD Price Analysis: Clings to gain as an evening star looms
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An inverted hammer in the NZD/USD daily chart, could…
GDP in the third quarter raised to 5.2% — but surge in growth is fading
The numbers: The U.S. economy grew at a zippy 5.2% annual pace in the third quarter — faster than previously reported — but the surprisingly strong gain…
EUR/GBP testing 0.8640 as the Euro sheds more weight against the Pound Sterling
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The EUR/GBP is dropping into the 0.8640 level on…
Bill Ackman warns economy will fall off a cliff if the Fed doesn’t hurry and cut rates
One of the biggest expectations for the coming year is that the Fed will pivot to cuts in 2024. Our call of the day is from hedge-fund manager Bill Ackman who doesn’t disagree,…
Dow Jones Industrial Average Forecast: DJIA is only major index to gain on Wednesday
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Dow Jones Industrial Index continues month-long rally…
Fed’s Bostic says he’s more confident in his soft-landing forecast
Atlanta Fed President Raphael Bostic said Wednesday that he is more confident in his forecast of a soft landing for the U.S. economy. “I think inflation…
US Dollar stands neutral following GDP revisions, Fed Beige book
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The DXY Index is bearing a slight uptick, lingering…
GameStop stock soars toward biggest 2-day gain 9 months
Shares of GameStop Corp.
GME,
+23.31%
ran up 15.4% toward a seven-week high, as the original “meme” stock continued to get a boost from…
Inside a hedge fund disaster
In 2007, when Dan Och took his hedge fund public, he was making a bet that his company would stand the test of time. More than 15 years, a bribery scandal, and a feud with his…