Gold futures finished Friday with a modest loss, but held onto a slight gain for the week — their sixth weekly gain in a row. “Gold has had a good run in the last few weeks benefitting from the downturn in the US dollar,” said Colin Cieszynski, chief market strategist at SIA Wealth Management. Technically, …
Gold futures eke out a sixth straight weekly gain Read More »
Bitcoin (BTC) has “well-formed” evidence, which suggests that its next all-time high will top out at $200,000, one analyst says. In a tweet on Jan. 27, popular Twitter commentator Trader Tardigrade, also known as Alan, also revealed $70,000 as the next potential bear market bottom. Stochastic indicator offers Bitcoin bulls historical firepower For many, BTC …
Bitcoin will hit $200K before $70K ‘bear market’ next cycle — Forecast Read More »
Markets U.S. Markets Disappointing results from Intel drag down chip sector .
Investors betting against the stock market have taken their lumps in 2023 and could be in for more trouble ahead, according to Bank of America. The S&P 500 has risen about 5.5% in just the first four weeks of the new year as investors have grown more confident that Federal Reserve efforts to slow the …
Further market rally likened to ‘bathing in lava’ for bears, BofA says Read More »
Lumber futures soared 13% on Friday as the housing market finally shows some signs of life. Pending home sales unexpectedly jumped 2.5% in December, its largest growth since October 2021. The average 30-year mortgage rate has steadily trended lower to 6% from a peak of 7% last year. Loading Something is loading. Thanks for signing …
Lumber Prices Soar 13% As the Housing Market Shows Signs of a Rebound Read More »
seamartini/Getty Images/iStockphoto The fate of America’s financial future is at stake now that the country reached its $31.4 trillion debt ceiling limit as of Jan. 19. And unless Congress acts to raise the debt ceiling by June 5 to avoid total default, the outlook will not be good, according to many financial experts. See: 2023’s …
A Recession + ‘Market Mayhem’ Could Come if US Defaults on Debt, Says Goldman Sachs Read More »
Future Market Insights predicts that fermented food and beverage products will see a CAGR of 5.6% in the decade to 2032. Meanwhile, Spherical Insights forecasts the market for functional foods – including pre-, pro- and postbiotics – will expand by 4.52% through to 2030. This demand represents a ‘significant growth opportunity’, according to AB-Biotics, Kaneka’s …
AB-Biotics targets food and beverage market with microbiome solutions Read More »
Shares of Rio Tinto PLC RIO, -1.35% slide 1.35% to £62.91 Friday, on what proved to be an all-around positive trading session for the stock market, with the FTSE 100 Index UKX, +0.05% rising 0.05% to 7,765.15. Rio Tinto PLC closed £1.15 below its 52-week high (£64.06), which the company reached on January 26. Trading …
Stock Market Today: S&P 500 clings to gain Friday after PCE inflation dataMarketWatch
DS Smith PLC SMDS, -0.23% shares inched down 0.23% to £3.54 Friday, on what proved to be an all-around positive trading session for the stock market, with the FTSE 100 Index UKX, +0.05% rising 0.05% to 7,765.15. DS Smith PLC closed 34.00 pence short of its 52-week high (£3.88), which the company reached on February …
