Analyst who accurately predicted 2021 crypto collapse warns of a ‘larger washout’
Crypto analyst Dave the Wave, known for predicting Bitcoin's 2021 crash, now warns of a deeper correction, expecting BTC to retest lower Fibonacci levels.
BofA CEO expects Fed to hold on rates, urges simpler regulation
Bank of America expects the Federal Reserve to hold interest rates steady this year and into next year, CEO Brian Moynihan said on Tuesday. "It takes multiple years to squeeze inflation out," and the Fed's efforts to tame inflation will most likely last until 2026, Moynihan told a conference in Washington. Fed policymakers have kept rates unchanged as they seek to move inflation toward a 2% target.
Bitcoin falls below $90,000 as the Trump-fueled crypto boom fades
Bitcoin fell below $90,000 on Tuesday, sinking nearly 20% from its all-time high that was reached just a month ago during Donald Trump’s inauguration. The leading cryptocurrency, which had been rallying since Trump’s re-election in November, now appears to be losing momentum—suggesting that the Trump-driven crypto surge may be over.
Bitcoin Likely to Head Even Lower, but Seeds of Next Bull Move Are Being Sown
The interest rate outlook has gotten appreciably softer over the past couple of weeks.
3 Industrials Stocks in the Doghouse
Even if they go mostly unnoticed, industrial businesses are the backbone of our country. But they are at the whim of volatile macroeconomic factors that influence capital spending (like interest rates), and the market seems convinced that demand will slow. Due to this bearish outlook, the industry has tumbled by 2.5% over the past six months. This drawdown was discouraging since the S&P 500 returned 5.6%.
Hims is officially phasing out its copycat weight-loss drugs, and the company's stock tumbled — again
After the FDA removed semaglutide injection products from a shortage list, compounders like Hims have 60-90 days to stop making copies.
Consumer confidence registers biggest monthly decline since August 2021 as inflation fears take hold
The American consumer is getting worried about the economy.
HOOD, COIN & SCHW Set to Benefit on Improving Laws for Crypto Firms
Crypto trading firms like Robinhood & Coinbase get relief from SEC probes. These firms, along with Schwab, will benefit from favorable developments in the space.
Cleveland-Cliffs Stock Sinks on Lackluster Q4 Results
Cleveland-Cliffs stock sank Tuesday after the steelmaker reported worse fourth-quarter results than expected, with revenue falling and losses widening from the same time last year.
AFS joins forces with Ternoa to offer crypto payments in GCC region
The tie-up will introduce Athar, a decentralised consumer finance protocol to make crypto payments accessible across GCC region.