Policy
First FOMC Meeting of 2023 Brings a 25BPS Hike
After the first FOMC meeting of 2023, the Committee announced it would be raising interest rates by 25 basis points.
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Market Analysis
Market Analysis
Meta’s Shares Jump 17%+ After Beating Expectations
Meta’s better-than-expected report sent its shares up by more than 17%, and Google and Pinterest’s by 4%.
Market Analysis
Central Banks Bought 1,136 tons of Gold in 2022: Demand Surged to 11-Year High
Demand for gold hit a 11-year high in 2022 after central banks bought the highest amount of the yellow metal in 55 years.
Market Analysis
SNAP Down 14% Despite Beating Earnings Expectations
Snap’s earnings report sent its stock down by almost 15% and drove Alphabet, Meta, and Pinterest into the red with it.
Market Analysis
PayPal to Cut Its Workforce By 7% Firing 2,000 Employees
PayPal’s CEO said that the layoffs are a part of an ongoing effort to “strengthen” and “reshape” in a “challenging macro-economic environment”.
Market Analysis
Grayscale’s Legal Woes Worsen as Osprey Sues For “False and Misleading” Claims
After offering to replace Grayscale as the manager of GBTC, Osprey is now suing the firm over “false and misleading statements” about the fund's conversion into…
Market Analysis
Musk is Open to Adding Crypto Functionality to Twitter Payments System
While the system is reported to be fiat-focused, Elon Musk is planning to build it in a way that would enable crypto functionality at a later…
Best Stocks
After Hindenburg’s Report, Adani Group Stocks Lose $48B in Three Days
Hindenburg received 4x more attention than Adani's response. Will this trickle down to further devaluation?
Market Analysis
Just Days After Robinhood Hack, Azuki’s Twitter Gets Used to Promote Scam
Seemingly attempting to take advantage of Azuki’s new virtual city, hackers used the collection’s official account to promote a fake virtual land giveaway.
Market Analysis
Can Intel Still Be Considered a Value Stock?
Intel has given a grim forecast for the first quarter of 2023 after posting weak reports for the fourth consecutive quarter.
Market Analysis
Amazon Preparing to Launch Web3 Gaming and NFT Initiative
Reportedly, Amazon is planning to make an announcement on its new NFT project as soon as April.
Market Analysis
Moody’s in Early Stages of Creating Stablecoin Rating System
Moody’s is allegedly working on a system that would rate 20 stablecoins primarily based on their reserve attestations.
Market Analysis
Small Businesses Lead Hiring Spree: 3.67M Jobs Added Since Feb 2020
The hiring surge by small businesses could force the Fed to continue raising rates.