Category Archives: Markets

Fed Needs to Hike to Slow Inflation Without Recession, Credit Suisse Says

First American News LLC: Raleigh, NC: The Federal Reserve needs to deliver a Volcker-style shock to drive down asset prices if it wants to slow inflation without causing a recession, according to Credit Suisse Group AG strategist Zoltan Pozsar. Policy makers should stoke volatility to set off corrections in assets including stocks, houses and Bitcoin, […]

Banks Want to Be a Bridge to Bitcoin. How to Invest.

First American News LLC: Raleigh, NC: Investors now buy Bitcoin through exchanges like Coinbase COIN or apps like PayPal. That could change as banks start muscling into crypto trading and custody services. Some 300 banks are planning to roll out Bitcoin trading on mobile apps in the first half of 2022, according to a report […]

Splunk Jumps on Report That Cisco Made $20 Billion-Plus Offer

First American News LLC, Raleigh, NC: Splunk Inc. jumped as much as 16% in late trading on a report that Cisco Systems Inc. made an offer of more than $20 billion for the software company. The shares climbed as high as $133.25 following the Wall Street Journal story, which cited unidentified people familiar with the […]

Meta Erases $251 Billion in Value, Biggest Wipeout in History

First American News LLC: Raleigh, NC: Meta Platforms Inc.’s one-day crash now ranks as the worst in stock-market history. The Facebook parent plunged 26% Thursday on the back of woeful earnings results, and erased about $251.3 billion in market value. That’s the biggest wipeout in market value for any U.S. company ever. And while the […]