Rich Dad Poor Dad author Robert Kiyosaki says most people should sell bitcoin now that the price of the crypto is “crashing.”
The software and AI push from IBM (IBM) has another believer on Wall Street. IBM stock gained in trading Monday after Goldman Sachs initiated coverage with a buy rating. ↑ X NOW PLAYING The AI Paradigm Shift Is Reshaping The Tech Industry. Here’s How Investors Can Capture Growth. The Goldman Sachs analysts set a price … Read more
Jefferies analysts are bullish on Buy-rated NVIDIA (NVDA), raising their price target to $150 per share from $135 in a note Monday. This increase reflects positive takeaways from their recent Asia trip and upcoming meetings with key players in the AI space. In a recent note, analysts acknowledge mixed performance within the AI sector. While … Read more
Australian Dollar’s downside is limited by hawkish RBA outlook. Market delays expectation for RBA interest rate cuts to February 2025. May’s CPI figures will be key for markets to place their bets on the next RBA moves. Monday’s session noted a recovery in the Australian Dollar (AUD) and the AUD/USD found support at the 0.6640 … Read more
Although consumer spending dipped slightly last month, not all spending choices are created equally. While some consumers curtail spending by choice, others do it entirely out of necessity. Distinctions in spending habits become clearer when examining how and when consumers use credit to cover their expenses. As PYMNTS Intelligence found when researching “Contrasting the Consumer … Read more
Is there any end in sight to fake Elon Musk livestream scams on YouTube? Over the weekend, Engadget reported on a YouTube broadcast featuring Elon Musk talking at what appears to be a Tesla conference-type event. The livestream had over 30,000 viewers at one point according to Engadget. One problem: It wasn’t real. The fake … Read more
GBP/USD drifts higher on Monday amidst a thin early-week economic calendar. UK GDP data due at the end of the week, strictly mid-tier releases on offer until then. Fed news cycle to dominate market attention as policymakers caution restraint. GBP/USD ground out some bullish chart paper on Monday, climbing from a recent swing low into … Read more
USD/CAD posts modest gains near 1.3655 in Tuesday’s early Asian session. BoC Governor Tiff Macklem said the Canadian economy is on track for a soft landing. Investors await the release of the US GDP growth number on Thursday and the PCE Price Index on Friday. The USD/CAD pair remains on the defensive around 1.3655 during … Read more
Currency traders betting on a rebound in the yen would be wise to look past the officials currently in charge and listen instead to policy veterans who know better. Over the last year as the yen was recording three-decade lows, officials such as Finance Minister Shunichi Suzuki, top currency diplomat Masato Kanda and Bank of Japan … Read more
AI has been the market’s main theme over the past year and a half or so, and investors have wanted a piece of the action. Stocks affiliated with the trend have benefited immensely and have been some of the market’s biggest winners. However, Monness’ Brian White, an analyst ranked in the top 1% of Street … Read more