Financial Industry News
Bitcoin is struggling to hold onto $35,000 after an epic run, just as a new United States president takes office. And although things might appear suddenly bearish for the cryptocurrency in the short-term, past instances of new presidents taking the oath of office has led to the asset’s most bullish impulses yet. Here’s a detailed […]
Continue ReadingBitcoin price is clinging on to $18,000 after setting a new all-time high but failed to make it through psychological resistance at $20,000. Market participants are always searching for a reason for a trend change and often look to negative news or events that create FUD – fear, uncertainty, and doubt. And although 2020 has […]
Continue ReadingThere’s much you can say about Donald Trump. As an alien, I just briefly lived in Seattle as an exchange student in 2007; I am not an American. My country looks at the USA as our closest ally. We love American culture, we listen to American music, watch American movies and series, and enjoy American […]
Continue ReadingThe housing market is at risk of a severe crash after President Trump delayed stimulus talks until after the election. A study from Princeton and MIT researchers found that 30 to 40 million renters might be at risk of eviction. The lack of stimulus and a gloomy outlook for real estate leaves home prices vulnerable […]
Continue ReadingGoldman Sachs expects profit margins to jump in 2021. Goldman’s forecast is based on strong U.S. and global economic growth in the coming year. The stock market is facing many downside risks that we shouldn’t overlook. Goldman Sachs is optimistic about corporate profitability in 2021. The bank expects the U.S. stock market’s margin to jump […]
Continue ReadingThe U.S. stock market faces gloomy prospects as U.S.-China relations worsen. Strategists warn that the U.S. and China face an “all-out cold war,” as the dispute between the two countries intensifies. Equities remain vulnerable heading into Q4 without stimulus and clarity on vaccines. The U.S. stock market faces a new threat in the fourth quarter […]
Continue ReadingThe S&P 500 fell more than 4% in September amid a tech selloff. The index just triggered a rare buy signal, which suggests more gains for stocks. The upcoming U.S. election could bring volatility to the stock market. After rallying sharply from its pandemic-induced bottom, the S&P 500 fell more than 4% in September, posting […]
Continue ReadingShocking economic data shows the U.S. economy has sunk, and real inflation has shot up. The U.S. stock market may be beginning to price in the terrible state of the real economy. Yelp released a damning report on Wednesday, revealing business closures across the U.S. have soared because of the pandemic. Meanwhile, the ‘Cantillon Effect’ […]
Continue ReadingGoldman Sachs has cut its GDP forecast from 4% to 2%. The lack of additional stimulus is the problem. The investment bank doesn’t see additional stimulus until 2021. The economic recovery is set to stall. That’s the view of Goldman Sachs, who sees the lack of further stimulus as holding the economy back. The investment […]
Continue ReadingWith U.S.-China tensions continuing to burn, some investors are feeling the heat. Friction between the world’s two largest economies has taken a toll on venture funds investing in non-crypto startups. Investment in the blockchain industry, however, may be less affected. Crypto companies’ unique fundraising processes and decentralized nature provide some protection from geopolitical risks, according […]
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