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Seventy percent of investors in a recent survey said the coronavirus recession would be worse than the 2008 financial crisis. But interestingly, 55% say the recession will be over within a year. It took the S&P 500 16 months just to reach bottom during the 2008-09 crisis. And it took over five years to fully…
U.S. oil prices crashed to record lows Monday over coronavirus-related demand constraints.Retail investors who bought USO before the crash are suffering significant losses.This oil ETF is only suitable for short-term trading.
Spot gold set a seven-year record last week. And investors can’t get their hands on physical bullion. Here are three ways they’re getting exposure to the precious metal. The spot price of gold broke $1700 USD per ounce last week, a seven-year high for the precious metal. Some analysts are eyeing $1,800 for the ounce…
Ray Dalio sees little to worry about regarding the coronavirus outbreak. The hedge funder expects markets to rebound despite concerns over slowing growth. The virus will shave about one percentage point from China’s economic growth rate. Even as the death toll from the fast-spreading coronavirus illness exceeds 1,000 people in China and the number of…
The benchmark 10-year Treasury yield has declined more than 10 basis points since the start of the year. Shockingly, Goldman Sachs has issued a forecast calling the U.S. economy nearly recession-proof. An ailing global economy could ignite the next risk-off trade and place more downward pressure on bond yields. U.S. government debt yields have declined…
The HEX purchase address used 50 ETH to buy more tokens. The tokens were then sent to an exchange to provide liquidity for HEX traders. HEX continues to benefit its founder, to the severe detriment of its investors. Ethereum (ETH) from the flush address of the controversial HEX cryptocurrency is being recycled to buy more…
It’s official. Adam Neumann is no longer at the helm of the workspace startup he founded, WeWork, amid a stalled IPO that has shattered the dreams of both the company and its backers for a huge payday. We couldn’t ignore the similarities between WeWork and another tech unicorn that managed to pull off its debut…
