As traders await important U.S. inflation data on the horizon, bond yields experienced a decrease early Wednesday. Key Highlights The yield on the 2-year Treasury (BX:TMUBMUSD02Y) dropped by 2.5 basis points to 4.342%. It's crucial to note that yields move inversely to prices. The yield on the 10-year Treasury (BX:TMUBMUSD10Y) fell by 2.9 basis points, reaching … [Read more...] about Bond Yields Decline Ahead of U.S. Inflation Data
Big Oil Poised for Rebound in 2024, Says Analyst
Oil prices and stocks have taken a hit in recent months, but one analyst predicts a rebound in 2024. Peter Low of Redburn Atlantic highlights three companies, Shell, BP, and Exxon Mobil, as potential winners that could deliver a 20% or higher return for shareholders. The Outlook for Shell, BP, and Exxon Mobil Low had already rated Shell as a Buy, but he recently upgraded his … [Read more...] about Big Oil Poised for Rebound in 2024, Says Analyst
The Latest Inflation Reading Disappoints Hopeful Investors
The latest inflation reading is set to disappoint investors looking for evidence that the Federal Reserve will start cutting interest rates as early as March. Inflation on the Rise Despite the recent plummet in gasoline prices, Thursday’s Consumer Price Index report is expected to show headline inflation rose 3.2% year over year in December, according to economists surveyed by … [Read more...] about The Latest Inflation Reading Disappoints Hopeful Investors
Bitcoin ETF Approval Sparks Market Volatility
Bitcoin and other cryptocurrencies experienced a surge followed by a retracement in value on Thursday after the Securities and Exchange Commission (SEC) gave approval for the first spot Bitcoin exchange-traded funds (ETFs). While the crypto community hailed this move as an endorsement, the price action indicated a "buy the rumor, sell the news" pattern unfolding. Over the past … [Read more...] about Bitcoin ETF Approval Sparks Market Volatility
Coinbase Stock Rallies Following Bitcoin ETF Approval, But Analysts Warn of Challenges
Shares of Coinbase Global Inc. saw a significant surge on Thursday after the highly anticipated regulatory approval of spot bitcoin ETFs. However, some analysts caution that this approval may actually pose challenges for the cryptocurrency exchange. According to J.P. Morgan analyst Kenneth Worthington, the approval of bitcoin ETFs could potentially create a lose/lose situation … [Read more...] about Coinbase Stock Rallies Following Bitcoin ETF Approval, But Analysts Warn of Challenges
