America’s increasing reliance on government debt has been labeled a “fatal flaw” by Ruchir Sharma, chair of Rockefeller International. He warns that this dependency is creating a massive economic bubble that is on the verge of bursting. What Happened: The “mother of…
After the Federal Reserve chair Jerome Powell delivered hawkish commentary along with a 25 basis points rate cut on Wednesday, the markets have slipped for two consecutive days. Even as the Fed's December dot plot projects only two additional 25-basis-point…
The U.S. has the world’s largest companies by market capitalization and about two-thirds of the MSCI World Index is dominated by companies based out of America. What Happened: U.S.-based companies ranking among the world’s top ten firms by market capitalization…
Analysts predict a good year for gold in 2025 after it’s poised for the best annual performance in over a decade in 2024. However, Michael Saylor, co-founder and executive chairman of MicroStrategy Inc. (NASDAQ:MSTR), has called for a dramatic shift…
The most oversold stocks in the consumer staples sector presents an opportunity to buy into undervalued companies. The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when…
Ray Dalio, founder of Bridgewater Associates, opined that he prefers to stay away from debt assets amid high debt concerns, preferring to allocate to gold and Bitcoin (CRYPTO: BTC). What Happened: The billionaire investor expressed concerns about rising global debt…
AST SpaceMobile, Inc. (NASDAQ:ASTS) shares are trading higher premarket on Monday. The company disclosed a definitive long-term commercial agreement with Vodafone Group Plc (NASDAQ: VOD) through 2034. This partnership marks a significant advancement in their efforts to expand global broadband…
NIO Inc. (NYSE:NIO) shares are trading higher on Friday in the premarket session. The Shanghai, China-based company announced a strategic partnership with Mastercard Incorporated (NYSE:MA). Signed in Shanghai, this collaboration aims to enhance vehicle-related payment services for NIO users outside…
Walmart Inc (NYSE:WMT) shares are trading around their all-time high of $93.59 Wednesday morning on continued momentum after the company reported strong third-quarter results in November and an improved FY25 outlook. The stock is trading higher by some 13% over…
On Friday, the FDA approved BridgeBio Pharma, Inc.’s (NASDAQ:BBIO) Attruby (acoramidis), an orally-administered near-complete (≥90%) stabilizer of Transthyretin (TTR) for adults with ATTR-CM to reduce cardiovascular death and cardiovascular-related hospitalization. The FDA approval is based on ATTRibute-CM Phase 3 study…
