Markets were especially volatile last week. Stocks rallied on Wednesday after Fed Chair Jerome Powell announced a less hawkish trajectory for upcoming policy meetings. But, the relief rally proved to be short-lived, as markets fell sharply on Thursday and continued to decline on Friday. The Nasdaq shed...
Following a sharp sell-off during yesterday’s trading session, stocks continued to lose traction overnight, slipping deeper into the red during pre-market trading this morning. Yesterday’s losses erased gains from Wednesday’s post-FOMC meeting rally after Fed Chair Powell ruled out the prospects of more significant rate hikes.
According to a report by Space Capital, space infrastructure companies received a record-breaking $14.5 billion of private investment last year, up more than 50% from 2020. Thanks to “mega-rounds” of $250 million or more by Planet Labs, Sierra Space, and Elon Musk’s SpaceX, more than $4.3 million...
Fears are growing that the Fed’s aggressiveness will strain a vulnerable economy. Chatter on Wall Street has been intensifying about concerns that the Fed’s attempt to beat inflation could inadvertently push the economy into a recession.
“A recession at this stage is almost inevitable,”...