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SPY

In a CBS' 60 Minutes interview, Federal Reserve Chairman Jerome Powell stated that in hindsight, it would have been better to tighten monetary policy earlier to address economic issues. However, he does not see an elevated possibility of a recession.

Portfolio Pulse from Charles Gross

February 05, 2024 | 12:16 am

SPY

In a recent interview on CBS' 60 Minutes, Federal Reserve Chairman Jerome Powell stated that almost all of the 19 Federal Reserve policymakers see it as appropriate to cut interest rates this year. This announcement is significant as it signals a potential shift in monetary policy that could affect the broader economy and financial markets.

Portfolio Pulse from Charles Gross

February 05, 2024 | 12:15 am

SPY

In a CBS's 60 Minutes interview, Federal Reserve Chairman Jerome Powell reiterated his expectation that the March meeting would likely be too soon to start considering rate cuts. This statement is crucial for investors as it provides insight into the Federal Reserve's monetary policy direction, which has a significant impact on the financial markets.

Portfolio Pulse from Charles Gross

February 05, 2024 | 12:13 am

SPY

In a CBS' 60 Minutes interview, Federal Reserve Chair Jerome Powell stated that progress is being made on inflation control. He mentioned the possibility of the Federal Reserve acting sooner if there are signs of labor market weakness or a convincing reduction in inflation.

Portfolio Pulse from Charles Gross

February 05, 2024 | 12:12 am

HOLI

The Dazheng Group-led Buyer Consortium reaffirms its commitment to acquire Hollysys Automation Technologies Ltd. (HOLI) at $29.50 per share, offering a superior value proposition compared to the Ascendent Capital offer. The Consortium's offer is backed by robust financing commitments and requires fewer regulatory approvals. Despite challenges in negotiations with Hollysys's Special Committee, the Consortium urges shareholders to vote AGAINST the Ascendent transaction at the EGM on February 8, 2024. Leading Proxy Advisors ISS and Glass Lewis recommend voting against the Ascendent deal, citing concerns over the sales process and the potential for greater value with the Consortium's offer.

Portfolio Pulse from Benzinga Newsdesk

February 04, 2024 | 6:36 pm

BTCUSD

USDTUSD

Cryptocurrency analyst Justin Bennett warns of a potential downturn in Bitcoin's value, citing the Tether dominance chart as a key indicator. Bennett suggests that Bitcoin has not reached its market bottom yet, potentially retesting mid $44,000 levels. He also draws parallels between current SPX trends and Bitcoin's 2021 peak behavior, hinting at future movements.

Portfolio Pulse from Bibhu Pattnaik

February 04, 2024 | 3:00 pm

AAPL

On the 28th anniversary of Steve Jobs' return to Apple, a reflection on the company's growth reveals a 134,227% increase in Apple's stock price from $0.137277 in 1997 to $184.4 today. An initial $1,000 investment in Apple then would be worth $1,343,269 today, significantly outperforming similar investments in Nasdaq and S&P 500 index funds. The article also highlights Apple's product innovations under Jobs and the promising start of the Apple Vision Pro mixed reality headset.

Portfolio Pulse from Rounak Jain

February 04, 2024 | 2:47 pm

BLK

JPM

Financial experts including Bill Gross, BlackRock, and Jamie Dimon provided insights on the U.S. economy, discussing a looming debt crisis, bullish views on U.S. stocks, and potential unemployment rate increases. Gross compared the U.S.'s $34 trillion debt to climate change impacts, predicting inflation due to annual deficits. BlackRock upgraded U.S. stocks to 'overweight', anticipating an economic soft landing and interest rate cuts. Mizuho's Dominic Konstam projected unemployment could double by year-end. Peter Schiff criticized the Federal Reserve's inflation policy, and Dimon warned of a global market 'rebellion' due to U.S. debt levels.

Portfolio Pulse from Benzinga Neuro

February 04, 2024 | 11:08 am

AAPL

ESGU

META

TSLA

Barron's weekend stock picks highlight optimism for GE's future post-breakup, Meta's inaugural dividend signaling a shift in Big Tech's approach, a record outflow from ESG funds with iShares ESG Aware USA ETF facing challenges, Apple's resilience despite weak guidance, and Tesla's stock decline attributed to various factors including competition from Ford. The articles suggest a mixed outlook for these companies, with specific challenges and opportunities outlined for each.

Portfolio Pulse from Justin Chan

February 03, 2024 | 10:09 pm

DOGEUSD

ETHUSD

SHIBUSD

SOLUSD

Viral videos of the Charging Bull statue on Wall Street wearing a knitted hat have caused the memecoin Dogwifhat (WIF) to surge 17%. The stunt, which attracted significant attention on social media, has been linked to a potential increase in the coin's popularity, with it trading around $0.25, up from the past 24 hours but still down 50% from its all-time high. The event has been seen as a sign of cryptocurrency culture becoming more mainstream, with memecoins like Dogwifhat, Dogecoin (DOGE), Shiba Inu (SHIB), and Solana (SOL) at the forefront.

Portfolio Pulse from Ivan Crnogatić

February 03, 2024 | 9:24 pm