DNY59/Getty Images Legendary investor John Hussman says the latest stock rally is rooted in the extreme fear of missing out. FOMO factors have surged in markets, and stock prices could fall 50%-70% this cycle. His firm’s most reliable indicator now exceeds 1929 extremes. All-time highs in the stock market give the impression of a runaway […]
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Over 140,000 BTC, worth around $9 billion, were transferred from Mt. Gox wallets to an unknown address in thirteen transactions, possibly as part of a plan to repay creditors by October 31, 2024. The market reacted bearishly to these movements, with Bitcoin dropping by 1.4% to as low as $67,680 after reaching a high of […]
A little over five months from now, Americans will head to the polls or mail in their ballots to determine which direction our country heads over the next four years. Although there are plenty of aspects to lawmaking that have absolutely nothing to do with what happens on Wall Street or with corporate America, it’s […]
Millions of retired seniors get monthly benefits from Social Security. But in about 11 years’ time, those benefits have the potential to get cut in a serious way. There’s really no beating around that bush. However, with some savvy planning on your part, Social Security cuts don’t have to be a problem for you. Why […]
The past few years have brought a burgeoning interest in bidets. Long a European novelty, they’re now taking root in the States, especially after the pandemic forced us to rethink our dependence on toilet paper. If you’ve been reluctant to switch from TP to water-based cleansing, Amazon’s deals on Bio Bidet toilet seats and attachments […]
Tesla (NASDAQ: TSLA) has divided Wall Street since it went public in 2010. Its CEO, Elon Musk, had grand ambitions and very few believers when he set out to manufacture and sell electric vehicles (EVs) back then, but he has repeatedly proved the doubters wrong. As a result, Tesla stock has delivered a whopping 15,000%-plus […]
RIO DE JANEIRO (Reuters) – Shares of Brazil’s Petrobras plunged 8% on Wednesday after the state-run oil firm said its chief executive would step down, to be replaced by a former regulator with views closer those of President Luiz Inacio Lula da Silva. Industry analysts expressed concern, as CEO Jean Paul Prates was seen as […]
In case you haven’t noticed, the bulls are firmly in control on Wall Street. Since the green flag waved at the start of 2023, the ageless Dow Jones Industrial Average, broad-based S&P 500, and growth-centric Nasdaq Composite have respectively rallied by 19%, 36%, and 56%, as well as hit fresh all-time highs. While certain sectors […]
Read the full story on The Auto Wire Critical Crash Sees Car Plunge Into Arizona Sinkhole Unusual things can happen when cars collide on roads, but this might be the first time we’ve seen one of those vehicles plunge into a sinkhole afterward. Even more unusual, this happened in Phoenix, Arizona and the car helped […]
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Dow Jones futures and the other major stock indexes dropped Thursday after a big jump in the Labor Department’s weekly initial unemployment claims. Meanwhile, artificial intelligence chip maker Arm Holdings (ARM), Airbnb (ABNB) and Roblox (RBLX) plunged after reporting earnings on the stock market today. X In premarket action, Dow Jones futures dropped 0.2% vs. […]