As central banks around the world have been aggressively raising interest rates to combat inflation, Turkey’s central bank is taking a very different approach. Despite inflation soaring to nearly 80%, Turkey’s central bank announced it has decided to cut its interest rate from 14% to 13%. It had been at 14% for the past seven months. Analysts had
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Expectations for the Federal Reserve’s next interest rate hike at its upcoming meeting in September have shifted following yesterday’s release of minutes from the Fed’s July meeting. Ahead of the release, traders had been evenly divided between an increase of 50 basis points (bps) and an increase of 75 bps, according to CME Group, based on fed funds futures data.
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Ray Dalio may not get as much attention as some other hedge fund managers like Cathie Wood, Jim Simons and Steven Cohen. Yet, he’s earned his place among the world’s top fund managers. Dalio’s Bridgewater Associates manages more than $150 billion in capital. So, investors should be paying attention to the stocks that Ray Dalio is
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In 2020, r/WallStreetBets captured business news headlines. The forum squeezed hedge funds that bet foolishly against GameStop (NYSE:GME). In hindsight, the group created frenzied momentum buying short squeeze stocks at the perfect time. The government locked down the economy. To offset depression-level economics, governments gave free money to people while slashing interest rates to historic
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A certificate of deposit (CD) is a financial product that is similar to a typical savings account and is offered by banks, credit unions, and other financial institutions. The Federal Deposit Insurance Corp. (FDIC) and the National Credit Union Association (NCUA) insure CDs for up to $250,000, making these types of investments practically risk-free. Unlike
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Today I want to discuss several Cathie Wood stocks to buy on the dip. They are big holdings in her portfolios and are likely to see big gains once the market shakes out of its current downtrend. Sometimes it’s easier to simply piggyback on top of popular mutual funds’ holdings and simply buy them for
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New York-headquartered Mind Medicine (NASDAQ:MNMD), sometimes informally known as MindMed, was largely unknown on Wall Street. Recently, however, Mind Medicine garnered attention because one meme-stock trader reportedly bought shares of MNMD stock. It would be hasty to jump into this trade, though, as Mind Medicine’s business fundamentals aren’t ideal. Mind Medicine develops medical and/or mental health
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Spotify Technology S.A. (SPOT) offers an audio-streaming subscription service. The company monetizes its service through monthly fees for its premium subscription service and through sales of advertising associated with its free streaming service. Spotify offered services globally in 184 countries and territories, and had 406 million monthly active users (MAUs) and 180 million Premium Subscribers
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Though it’s tough to recognize the opportunity at the moment, bear market cycles offer a compelling entry point to some of the best bargain stocks to buy. Certain companies in particular have suffered substantial double-digit losses over the trailing month, which ordinarily isn’t a great sign. However, bearish traders may have gone too far as
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Investors typically buy utility stocks for safety and dividends. Indeed, utility stocks have often been referred to as “widow and orphan” stocks due to their consistency and reliable dividend payouts year after year. With the ongoing war in Ukraine, rising inflation and the prospect of a U.S. recession, it’s an opportune time for risk-averse income
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