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Jim Cramer changed his estimate of Apple Inc. (NASDAQ: AAPL) shares from $264 a share to $300 a share after a fruitful earnings call. In the earnings call, Apple discussed how their products, the iPhone, iMac and Mac Books, have been competing favorably against industry giants Dell (NASDAQ: DELL... Read More... Don't Miss Any Updates! News Directly in Your Inbox Subscribe to:
16 Apr 2021 Bitcoin has hit a new record high above $64,000 (£46,700). But while bitcoin has more than doubled this year, gold has disappointed, notes John Authers on Bloomberg. That’s odd given the “historic amount of money printing” and talk of coming inflation. Dhaval Joshi of BCA Research thinks bitcoin has stolen gold’s thunder by emerging as a new “anti-fiat” asset: investors looking for protection against inflation increasingly turn to digital currencies. “Circumstantial” evidence suggests that some of the money that big investment institutions have pulled out of gold ...
Consumers, businesses and fund managers are as optimistic as they’ve been in years. But even big investors say we’re in the late stages of an old bull market.
Cryptos reach new record high ahead of Coinbase listing (SPY -0.1%). Global stocks hover at all time high as Q1 earnings begin as Powell says U.S. economy at inflection point. Here is the current market situation from CNN Money European markets are mixed. The DAX is higher by 0.06%, while the CAC 40 is leading the FTSE 100 lower. They are down 0.43% and 0.07% respectively. What Is Moving the Markets Here are the headlines moving the markets. The $7 Trillion Reason Saudi Arabia Is Cutting Oil Production Strict production discipline by OPEC and its partners is the #1 reason why oil prices ha...
See yesterday’s Links and Antidote du Jour here. This entry was posted in Links on About Lambert Strether Readers, I have had a correspondent characterize my views as realistic cynical. Let me briefly explain them. I believe in universal programs that provide concrete material benefits, especially to the working class. Medicare for All is the prime example, but tuition-free college and a Post Office Bank also fall under this heading. So do a Jobs Guarantee and a Debt Jubilee. Clearly, neither liberal Democrats nor conservative Republicans can deliver on such programs, because the two are d...