The major indices rose last week, snapping a three-week losing streak following more dovish comments from Fed officials than markets expected. Federal Reserve Vice Chair Lael Brainard stated that she still believed the economy could avoid a recession as the Fed raised rates. For the week, the...
Equities suffered a brutal first half amid the global energy crisis, and the nightmarish scenario appears nowhere near over. On August 31, Russia completely shut down its gas supplies to Europe via the Nord Stream 1 pipeline for the second time this year. Energy prices...
Stocks finished last week lower heading into the holiday weekend as investors continued to process hawkish comments from Fed officials. The major indices logged their third consecutive negative week, with the Dow and the S&P 500 dropping 3% and 3.3%, respectively. Tech shares were hit...
Stocks finished sharply lower last week as market optimism faded that the Federal Reserve would be able to tame inflation without causing a significant economic slowdown. Friday’s sell-off came following hawkish comments from Fed Chair Jerome Powell at the Jackson Hole Economic Symposium. Powell indicated...
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...