Markets

SpaceX Deploys GPS 3 Satellites For Space Force In Its Latest Launch

AFP via Getty Images Key takeaways SpaceX launched a next-gen GPS satellite into orbit for use by the US military The company has plans for additional launches in 2023 Within the space exploration sector, there are a handful of companies for investors to invest in SpaceX launched another satellite into orbit recently to improve GPS …

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JPMorgan’s Kolanovic sees correction, hard landing

JPMorgan’s Marko Kolanovic is abstaining from the early 2023 rally. Instead, the Institutional Investor hall-of-famer is bracing for a 10% or more correction in the first half of this year, telling investors he’s “outright negative” on the market. “Fundamentals are deteriorating. And, the market has been moving up. So, that has to clash at some …

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Bitcoin hits a two-month high of $19,120 as inflation continues to moderate

Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here! (Kitco News) – Matters have markedly improved for the cryptocurrency market over the past week as Bitcoin saw its fourth straight day of …

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Markets rally on signs inflation abating look to consumer price data

Markets closed out the first week of 2023 on a high note, with the S&P 500 closing up more than 2%, as stocks rallied on fresh signs inflation may be easing. Investors responded favorably to employment data released by the US Labor Department on Friday that showed slowing job growth and a greater-than-expected slowdown in …

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Nonfarm payrolls rose 223,000 in December, as strong jobs market tops expectations

Payroll growth decelerated in December but was still better than expected, a sign that the labor market remains strong even as the Federal Reserve tries to slow economic growth. Nonfarm payrolls increased by 223,000 for the month, above the Dow Jones estimate for 200,000, while the unemployment rate fell to 3.5%, 0.2 percentage point below …

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5 things to know before the stock market opens Thursday, January 5

Traders work on the floor of the New York Stock Exchange during morning trading on January 04, 2023 in New York City. Michael M. Santiago | Getty Images Here are the most important news items that investors need to start their trading day: 1. Chewing things over US stock markets bounced back a little Wednesday, …

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Fed minutes December 2022:

WASHINGTON – Federal Reserve officials are committed to fighting inflation and expect higher interest rates to remain in place until more progress is made, according to minutes released Wednesday from the central bank’s December meeting. At a meeting where policymakers raised their key interest rate another half a percentage point, they expressed the importance of …

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Ant gets approval to expand its consumer finance business

Regulatory scrutiny forced Hangzhou-based Ant Group to abruptly suspend its massive IPO plans in 2020. Vcg | Visual China Group | Getty Images BEIJING — Ant Group’s consumer finance unit has received approval to more than double its registered capital, a sign of progress in resolving regulators’ concerns. Since the abrupt suspension of its massive …

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Cramer warns that negative forces are still pulling down the economy

CNBC’s Jim Cramer on Tuesday reminded investors that the new year didn’t bring about a new economy. “The fundamentals are what matters and, sadly, we have not turned the page on this economy — just the calendar,” he said. Stocks slipped on Tuesday to kick off the year, as rising interest rates and persistent inflation …

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DEA Pressed ADHD-Drug Makers About Impact of Telehealth Firms on Surging Demand

The Drug Enforcement Administration told makers of medication for attention-deficit hyperactivity disorder that it was concerned that “aggressive marketing practices” by companies including telehealth providers could be driving excessive prescriptions, according to a letter from the agency. While the letter doesn’t cite specific companies, it reflects the DEA’s concerns about marketing efforts for ADHD treatment …

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