BTC's Monthly Chart Showing Fresh Bullish Signs as 2023 Kick Off
Bitcoin (BTC), the crypto market leader, has printed a 24-hour loss of 1.21% over the last 24 hours according to CoinMarketCap. At press time, the price of BTC is trading at $20,689.62. Despite weakening against the U.S. Dollar, BTC has still strengthened against the largest altcoin in terms of market …
Big Tech will 'have a better year' in 2023, analyst says
Though it's been a bleak year for the sector, Big Tech could be set to rebound in 2023, Constellation Research Principal Analyst and Founder R “Ray” Wang told Yahoo Finance Live "We've been hammered," he said. "It's been a bad year... However, I actually think …
Hedge funds set to mark worst returns in 14 years
Global hedge funds are set to register their worst returns in 14 years in 2022 after aggressive U.S. interest rate rises hit asset prices hard, however, their declines are overall smaller than the slump seen in equity and bond markets this year. Some hedge fund strategies that put money in commodities …
Oil prices: Predictions for 2023
Crude oil prices were on a roller coaster ride in 2022, going north of $130/barrel in March amid the Russian invasion of Ukraine. Today, West Texas Intermediate (CL=F) is trading at around $80 while Brent International (BZ=F) is hovering above $83/barrel. A slowing worldwide economy, China's recent …
Stock market valuations don not reflect the damage ahead: BlackRock warns
More pain for investors lurks in 2023, warns the strategy team at BlackRock. In a new report, BlackRock contends that stock valuations don't yet "reflect the damage ahead." The money manager says it will "turn positive on equities" when it believes valuations fully reflect the "damage" …
Elon Musk says he will not sell more Tesla stock for about two years
Tesla Chief Executive Officer Elon Musk said on Thursday he will not sell any more Tesla stock for about two years.While speaking in a Twitter Spaces audio chat, Musk said he foresees the economy will be in a "serious recession" in 2023 and demand for big-ticket items will be lower.His comments …
Here are the 3 big bets Warren Buffett is taking into 2023
As 2022 comes to an end, many investors have learned the hard way that stocks don’t always go up. The Dow is down 10% year to date, the S&P 500 has tumbled 20%, while the tech-centric Nasdaq has fallen a staggering 33%. One big challenge remains heading into 2023: the Fed’s still-hawkish …
2022 was a no good very bad year for the stock market. Will 2023 be any better?
Investors are celebrating the end of 2022 after soaring inflation and the Federal Reserve’s aggressive interest rate hikes made it a brutal year for stocks. The S&P 500 is down 20% year-to-date, and with bonds simultaneously experiencing their worst year in history, there’s been …
