News
Billionaire Ray Dalio Warns Global Monetary Order Breaking Down As Central Banks Diversify Into Gold
2+ hour, 1+ min ago (243+ words) Billionaire investing icon Ray Dalio says the global monetary order is suddenly experiencing a major shift. In a new CNBC interview, Dalio says'central banks are moving away from holding fiat currencies as a reliable store of value. "The monetary order…...
Bank of America Says One Stock Sector Could Outperform ‘Quite Aggressively’ if Fed Continues To Cut Rates
3+ day, 21+ hour ago (230+ words) Bank of America (BofA) says one sector of the stock market could wildly outperform the rest if the Federal Reserve continues to cut interest rates. In a new 2026 outlook meeting, BofA head of US Equity and Quantitative Research Savita Subramanian…...
Trader Who Called 2021 Crypto Collapse Details Bullish Gold Price Target, Says Bitcoin Eyeing $110,000
5+ day, 10+ hour ago (169+ words) A widely followed crypto analyst says that gold remains on target to hit a new massive level early this year. Crypto market analyst Dave the Wave tells his 154,100 followers on X that gold remains in a bullish ascending channel and…...
US Bank Stocks Drop As Trump Proposes Credit Card Interest Rate Cap
1+ week, 1+ day ago (235+ words) US bank stocks are sliding after President Trump proposed a cap on credit card interest rates. Shares of major banks including Citigroup, JPMorgan Chase, Wells Fargo and Bank of America fell between 1% and 3%. Card-focused companies such as Visa, Mastercard and…...
Chinese Yuan Rallies Against US Dollar, Forcing BRICS Nation’s Central Bank To Abruptly Buy USD: Report
3+ week, 3+ day ago (210+ words) The Chinese yuan is rising against the US dollar, prompting the nation's central bank to purchase USD. The yuan rose 0.2% against USD earlier this week to 6.9964 yuan per US dollar, forcing the People's Bank of China to take action, reports…...
Billionaire Ray Dalio Says Bitcoin Has Problems, Calls Crypto Asset Inferior to Gold
4+ week, 2+ day ago (489+ words) Billionaire investing icon Ray Dalio says Bitcoin has problems. In a new interview with Zerodha co-founder'Nikhil Kamath, Dalio says he owns a little BTC, but believes it's inferior to gold and unappealing to central banks. "Bitcoin is limited in supply…...
Morgan Stanley Warns Weak Labor Market Could Force Additional Fed Rate Cuts, Spark New Stock Market Bubble
1+ mon, 1+ week ago (324+ words) Morgan Stanley's chief investment officer says weak job data may force the Federal Reserve into a more aggressive rate-cutting phase, boosting the stock market once again. In a new interview on CNBC, Mike Wilson says once the Fed looks into…...
Dead People In New York Receive Inflation Refund Checks in ‘Bizarre’ System Meant To Help Struggling Americans: Report
1+ mon, 2+ week ago (296+ words) The state of New York is sending money to deceased residents while trying to provide financial relief from the rising cost of living, according to a new report. The state is mailing inflation refund checks to people based on their…...
US House Prices Crushing Millennials As Share of First-Time Home Buyers Falls To Record Low: Study
2+ mon, 1+ week ago (215+ words) A new study by the National Association of Realtors (NAR) shows rising home prices are hammering millennials as the number of first-time home buyers dips to a record low. The survey, which queried 173,250 home buyers who purchased homes between July…...
BlackRock CIO Rick Rieder Predicts December Fed Rate Cut Despite Uncertainty From Chair Jerome Powell
2+ mon, 2+ week ago (221+ words) Alex has worked in multiple financial services industries in Central Europe. When he's not writing or chasing the next best crypto projects, he's visiting castles in the Czech Republic. The chief investment officer of the world's biggest asset manager believes…...