The crypto industry is facing increased scrutiny and uncertainty as more than a dozen enforcement actions by the Securities and Exchange Commission (SEC) have been followed by contradictory opinions from federal judges. This has led to mixed reactions in crypto prices and stocks, prompting a call for clearer regulation. Regulatory Framework Proposal: The Republican-led House...
S&P 500 Soars The S&P 500 has kicked off the second half of 2023 on a high note, with an impressive seven-month gain of nearly 900%. If an investor had put $10,000 into the top-performing stock in the S&P 500 each month, they would now have $99,506, compared to just $11,950 if they had invested...
Warren Buffett’s preferred yardstick for the stock market, known as the Buffett Indicator, has surged to 171%, indicating that US stocks are overpriced and at risk of a steep decline. The famed investor has long touted this gauge as “probably the best single measure” of stock valuations. According to Buffett, a 100% reading would suggest...
Oil prices are on track for their largest monthly gain in over a year as signs of a tightening market and record crude demand emerge. West Texas Intermediate (WTI) traded slightly above $80 a barrel, reaching its highest level since April, with a nearly 14% rally this month. Goldman Sachs analysts have reaffirmed a bullish...
U.S. stocks showed hesitation U.S. stocks showed hesitation as investors awaited the Federal Reserve’s interest rate decision, prompted by a combination of Microsoft and Alphabet reporting mixed earnings. At 9:36 ET, the Dow Jones Industrial Average rose slightly, while the S&P 500 declined by 0.2% and the NASDAQ Composite dropped by 0.4%. Microsoft shares fell...