Author: Anthony M. Orbison

Dec. 21, 2024 1:04 PM ETS&P 500 Index (SP500)SPY, IVV, RSP, SH, SSO, SDS, UPRO, VOO, SPXUBy: Anuron Mitra, SA News Editor Alex Wong/Getty Images News The Federal Reserve on Wednesday sent out a clear message that it was prepared to slow the pace of interest rate cuts in 2025, roiling U.S. stocks and forcing monetary policy watchers to recalibrate their expectations. Notably, the odds that the central bank will Source link

Cathie Wood, CEO of Ark Investment Management, is an active trader targeting at tech stocks that she believes to have a “disruptive” impact.She often sells her favorite tech stocks to secure gains.💰💸 Don’t miss the move: SIGN UP for TheStreet’s FREE Daily newsletter 💰💸This week, she offloaded three tech stocks—all from her top five holdings—amid a hawkish Fed rate cut.Investors and analysts have mixed opinions on Cathie Wood. Supporters see her as a visionary in tech investing, but critics say she’s only a mediocre fund manager.Wood’s followers affectionately dubbed her “Mama Cathie” after she drew widespread attention with a remarkable…

Veteran trader Peter Brandt is warning that a bearish signal is flashing for Bitcoin, indicating that BTC might head to much lower prices. Brandt tells his 763,600 followers on the social media platform X that Bitcoin may be forming a bearish reversal pattern on the daily chart that could lead to a dip into the $70,000 range. “Hey trolls, this is not a prediction. Just always pointing out possibilities, not probabilities, not certainties. No screenshot is necessary. BTC right-angled broadening triangle could project back into the $70,000s and a test of the parabolic modality.” Source: Peter Brandt/X Looking at the…

Stay informed with free updatesSimply sign up to the Social affairs myFT Digest — delivered directly to your inbox.Thousands fewer students could be entitled to the full package of special educational support in England under sweeping changes being considered by Sir Keir Starmer, as Labour seeks to improve the “neglected” system. Senior government officials said ministers were looking at legislating to change the system by which children with special education needs (SEN) obtain support plans required to access a full suite of state assistance.Education, health and support plans (EHCPs) were introduced in 2014 as part of the Children and Families…

(Reuters) -A U.S. judge ruled on Friday in favor of Meta Platforms (NASDAQ:)’ WhatsApp in a lawsuit accusing Israel’s NSO Group of exploiting a bug in the messaging app to install spy software allowing unauthorized surveillance. U.S. District Judge Phyllis Hamilton in Oakland, California, granted a motion by WhatsApp and found NSO liable for hacking and breach of contract. The case will now proceed to a trial only on the issue of damages, Hamilton said. NSO Group did not immediately respond to an emailed request for comment. Will Cathcart, the head of WhatsApp, said the ruling is a win for…

The NFT market has shown strength amid crypto market volatility, according to the latest data from CryptoSlam. The total sales volume has reached $302.2 million — a notable 32.93% increase. This is an evident spike from last week’s $224 million sales. This surge has been accompanied by growth in market participation. The market metrics show strong expansion across all key indicators: NFT buyers have nearly doubled with a 92.39% increase to 349,972 NFT sellers have grown significantly by 77.18% to 207,672 NFT transactions have shown a healthy growth of 7.28% to 1,651,950 Ethereum dominance strengthens The Ethereum (ETH) NFT blockchain…

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Home buyers have been waiting for mortgage rates to drop enough to make buying a home more affordable. While rates have declined modestly from their peak in October 2023, most buyers haven’t seen enough change to prompt market activity.The Fed recently announced its third interest rate cut in 2024, but mortgage rates haven’t been impacted much. In fact, weekly mortgage rates have ticked upwards since October despite rates coming down year-over-year.Personal finance expert Dave Ramsey shared his prediction for how mortgage rates will change next year, and it may surprise buyers.🏦 🏡 Don’t miss the move: SIGN UP for TheStreet’s…

Crypto exchange-traded funds (ETF) changes, such as in-kind redemptions and staking permission for Ethereum (ETH) products, are likely to happen “early on” under a new US Securities and Exchange Commission (SEC) administration.SEC Commissioner Hester Peirce shared during an interview for Coinage that these matters may arrive for a regulator review as soon as Paul Atkins takes the role of chairperson. She added:“I’m open to reconsidering both in-kind [redemptions] and staking to think about, again, how can you allow people to design the products in a way that is most useful to the investors in those products.”Peirce, commonly known as the…

Wall Street analysts had hoped the housing market would show signs of life in 2024. Instead, it remained stagnant. The reason is largely tied to mortgage rates’ bumpy path this year alongside low supply and record home prices. In January, the average 30-year fixed mortgage rate was hovering around 6.6%, according to Freddie Mac. Now, despite ups and downs, the rate is hovering around the same level. It was 6.72% in the week through Wednesday, compared with 6.6% a week earlier, according to Freddie Mac data. Since the cost of borrowing hasn’t gotten any cheaper, it hasn’t triggered any significant…