In the midst of continued new highs in major U.S. indexes, Morgan Stanley has been doubling down on its preference for defensive quality stocks. Chief U.S. equity strategist, Michael Wilson, emphasized the importance of growth over inflation and rates in the current market environment. With volatility on the rise, many investors are seeking guidance on
Veteran trader Peter Brandt recently took to Twitter to share his insights on an intriguing price pattern emerging in Bitcoin’s chart. According to Brandt, Bitcoin’s price action is displaying an inverted, or expanding, triangle pattern. He emphasized the importance of trading based on classical charting principles rather than opinions. Brandt’s disciplined approach to trading focuses
California Republican Rep. Mike Garcia recently introduced a bill, the No Frankenrail Act, to stop federal funding for the state’s high-speed rail project. The project, which has been ongoing for 15 years, has faced heavy criticism for its lack of tangible results despite billions of dollars being spent on it. The initial funding for the
General Motors recently unveiled the newly redesigned versions of its popular entry-level GMC Terrain crossover, showcasing a fresh standard “Elevation” model. The revamped compact crossover boasts a more rugged exterior design and a revamped interior featuring an impressive 26 inches of screens, including a 15-inch center touchscreen and an 11-inch driver information cluster. In addition
Blink Fitness, a budget-friendly gym chain owned by luxury fitness company Equinox Group, has recently filed for Chapter 11 bankruptcy protection. This move comes as a surprise to many, especially considering Blink’s position as a prominent player in the fitness industry with over 100 centers in the U.S. The company’s decision to seek bankruptcy post-pandemic
The past week witnessed significant turmoil in currency markets, with the yen experiencing particularly dramatic movements against the dollar. However, the start of this week has seen a return to relative calm. Last week’s rollercoaster ride can be attributed to concerns over the U.S. economy and the Bank of Japan’s unexpectedly hawkish stance. Fortunately, the
Bitcoin’s influence on the US presidential campaign has been significant, with the original cryptocurrency recently experiencing a range-bound trading pattern. Despite touching $61,000, it has since dropped back to around $58,000. Analysts from Bernstein predict that Bitcoin will continue to remain range-bound until the election picture becomes clearer, potentially closer to the Presidential debates. In
Affordable housing has become a critical issue for many Americans, and it is gaining attention from political candidates as well. Governor Tim Walz and Senator JD Vance have both taken stances on this issue, with Walz signing housing legislation that included substantial funding for down payment assistance and housing infrastructure. On the other hand, Vance
The recent developments surrounding Wrapped Bitcoin (WBTC) have raised significant speculation within the cryptocurrency community, particularly concerning the potential impact of Justin Sun. Despite BitGo’s announcement of transferring control of WBTC to a joint venture with BiT Global and decentralizing custody, Sun has emphasized that his involvement is solely strategic. He has explicitly stated that
The recent global market volatility has highlighted China’s unique position in the financial world, despite its recent economic growth slowdown. While U.S. and Japanese markets experienced significant fluctuations, Chinese stocks remained relatively stable. As of the end of the Asia trading week, the Nasdaq 100 and Nikkei 225 were down by about 2.5% over the