Powell did leave the door open to smaller hikes in the months ahead. But my working assumption is we should expect fifty basis points (increase of 0.5%) hikes in December and January. As a result, we should position our portfolios for a tough few months leading into the first quarter of next year.
Meta, the parent company of Facebook, announced that it would lay off more than 11,000 employees – equal to about 13% of its workforce. It’s the latest culling to take place in big tech, but as we explain in today’s Bleeding Edge, it likely won’t be the last…
Just days after CoinDesk raised questions surrounding FTX’s solvency, the crypto exchange – and its cryptocurrency FTT – have collapsed and sent the crypto markets spiraling, signaling a black swan event no one saw coming…
Since taking ownership of Twitter on October 27, Elon Musk has already announced several changes to the social media platform – including a revamp of its blue-check authentication, mass layoffs, and, most controversially, permitting thoughts and opinions that were previously banned. Agree with those decisions or not, there’s no denying Musk has been busy…
Despite many developed nations promising to adopt clean energy policies, countries are increasingly becoming reliant on “dirty” fuel sources like coal and wood to generate electricity once more. Seems hypocritical, considering these same countries are meeting for the annual United Nations Climate Change Conference this week…
It was one of the most common mistakes I saw investors make…And chances are, you could be making it in your portfolio right now.
In essence, the Bureau of Industry and Security (BIS) is saying that any American citizens contributing to the Chinese semiconductor industry—specifically as it relates to military applications and advanced semiconductor technology—need to register with the government.