US Consumer Confidence Slips Again in March as Fears of Commodity Prices Escalate
Source: University of Michigan The index of Consumer Sentiment in the US was recorded at 59.7 in March, down by 4.9% from February. SPY is up +0.066%, DXY is up...
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Why Buying the Dip May No Longer Ensure Gains
Buying the dip has long been a profitable strategy, but an opinion piece on Bloomberg indicated why this is no longer a sure thing for investors. An opinion piece by...
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Goldman Sachs Studies Crypto Options Offering
Financial giant Goldman Sachs Group Inc. is looking at rolling out bilateral over-the-counter cryptocurrency options, according to a Bloomberg report. Sources close to the matter said Goldman Sachs is in...
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Why Apple Is a Safe Haven Amid Russian Conflict
American investment firm Wedbush Securities Inc. believes investors should take to Apple as a safety holding amid the market volatility, Business Insider reported. Wedbush noted that Apple had recorded softer...
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Ford Motor US Sales Plummet 20.9% in February
Ford Motor’s total US sales decreased by 20.9% in February, according to a press release by Ford on Wednesday. Ford's new retail vehicle orders and the filing of these orders...
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Top Russian Bank Sberbank Pulls Out of Europe, Citing Devastating Western Sanctions
Russia’s largest lender Sberbank is pulling out of all European markets, after big cash outflows and threats to its employees, according to a report by Reuters on Wednesday. The move...
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Exchange Operator CME to Launch Micro Bitcoin and Ether Options
The CME Group plans to unveil micro Bitcoin and Ether options, launching the crypto derivatives market to smaller investors, according to a report by PR Newswire on Tuesday. These micro...
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Stifel’s Equity Boss Downgrades S&P 500 Outlook, Anticipates 7% Plunge in 2022
In a Sunday note from Stifel’s Barry Bannister, the stock market will continue to drop and has more downside, according to a report by Markets Insider on Tuesday. He argued...
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Li Auto Feb. Deliveries Soar 265.8% Year on Year
Li Auto Inc posted deliveries of 8,414 Li ONEs in February 2022, soaring 265.8% YoY, according to a press release by Li Auto on Tuesday. The total deliveries of Li...
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Block Inc. Net Income Falls to Three-Year Low in 2021
Financial services firm Block Inc. closed 2021 with the lowest income in three years after its bottom line fell to negative territory in the last quarter of the year, the...
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UBS Says, Investors Should Maintain Diversified Portfolios Amid Escalating Ukraine Crisis
Markets brace for escalating Ukraine crisis, with troops moving along the Ukrainian border and intensified shelling in the Donbass region, according to a report by UBS on Wednesday. Market drawdowns...
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Nu Holdings Narrows Losses in 2021 as Revenues Breach $1.6 Billion
Tech firm Nu Holdings Ltd. saw its shares jump on Wednesday, after reporting lower losses in the last quarter of 2021. Nu Holdings’ net loss improved to $66.2 million in...
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