The Fed Raised Interest Rates. Focus on Powell's Outlook. The central bank increased interest rates by a half-point and will begin shrinking its mammoth balance sheet, marking the start of a double-barreled push to rein in inflation.
Coinbase Stock Is Sliding Again. Blame It on a "Crypto Winter." Earnings and sales estimates for Coinbase are too high, according to Mizuho, which cut its target on the stock ahead of the company's earnings report next week.
WisdomTree Aims to Bring Crypto To Advisors As the SEC Stalls on a Bitcoin ETF. The fund company is developing crypto accounts for advisors, as hopes fade for a Bitcoin ETF.
The central bank increased interest rates by a half-point and will begin shrinking its mammoth balance sheet, marking the start of a double-barreled push to rein in inflation.
ARKK Sinks Further, But...
My guess is that most of the damage to the (ARKK) has been done.
HELENE MEISLER
May 4, 2022 6:00 AM EDT
Let's check the indicators as the S&P has come up flat, resistance levels of the indexes remain and we could rally in the days after the Fed speaks.
Earnings and sales estimates for Coinbase are too high, according to Mizuho, which cut its target on the stock ahead of the company's earnings report next week.
The fund company is developing crypto accounts for advisors, as hopes fade for a Bitcoin ETF.
The cybersecurity and computing company earned $119 million, or 73 cents-a-share, in the quarter.