How wealthy individuals are surviving the bear market, according to their financial planners

The past six months have been the worst start to the year for the stock market since 1970. And although the richest billionaires have lost a combined $1.4 trillion over the past six months, high net worth individuals with at least $1 million in assets are generally not breaking a sweat, their financial planners say. … Read more

What does a recession mean for the luxury market?

The luxury industry has bounced back from an excellent “V-shaped” recovery after the pandemic, with sales rising to $301 billion in 2021 and up 7 percent from pre-crisis 2019 levels in constant currencies, according to consultancy Bain & Co Some of the biggest players like Chanel and Hermès even increased their sales by 20 to … Read more

Amid market troubles, don’t feed the bear; Tesla deliveries due

Dow Jones futures open Sunday night, along with S&P 500 futures and Nasdaq futures. A newly confirmed stock market rally quickly came under ‘pressure’ last week as major indices sold off despite Friday afternoon’s recovery. X Tesla (TSLA) and China BYD (BYDDF) should release sales figures over the weekend after strong shipments in June Li … Read more

Voyager Digital provides market update

NEW YORK, July 1, 2022 /PRNewswire/ — Voyager Digital LLC, the operating platform of Voyager Digital Ltd. (“Voyager” or the “Company”) (TSX: VOYG) (OTCQX: VYGVF) (FRA: UCD2), announced that it is temporarily suspending trading and deposits, withdrawals and loyalty rewards, effective from 2:00 p.m. Eastern Daylight Time today. Voyager Digital, Ltd. (CNW Group/Voyager Digital Ltd.) … Read more

Voyager Digital provides market update

NEW YORK, July 1, 2022 /PRNewswire/ — Voyager Digital LLC, the operating platform of Voyager Digital Ltd. (“Voyager” or the “Company”) (TSX: VOYG) (OTCQX: VYGVF) (FRA: UCD2), announced that it is temporarily suspending trading and deposits, withdrawals and loyalty rewards, effective from 2:00 p.m. Eastern Daylight Time today. Voyager Digital, Ltd. (CNW Group/Voyager Digital Ltd.) … Read more

After the worst start in 50 years, some see more pain for the stock market

Wall Street set records for the first half of the year, none of which were good. The economy is on the brink of recession, battered by high inflation and rising interest rates, eating away at paychecks, eroding consumer confidence and leading to corporate cutbacks. As it faltered, markets plummeted. The stock market is on track … Read more

Market Rally Sends Very Bearish Signal; 5 stocks to keep an eye on

Dow Jones futures trended higher overnight, along with S&P 500 futures and Nasdaq futures. The stock market rally suffered sharp losses on Tuesday, with the Nasdaq and S&P 500 falling below key levels. X Economic reports revived fears of recession and inflation. A report from intel (INTC) Chip price cuts on PC weakness hit Intel … Read more

Eric Nuttall: Fear grips the energy markets, but the evidence suggests that oil market fundamentals are still strengthening

Breadcrumb Trail Links Oil Gasoline FP energy raw materials Despite increasing talk of a recession, there are no signs of weak demand worldwide Oil stocks have had a rough couple of weeks, but energy analyst Eric Nuttall still believes the sector’s fundamentals are strong. Photo by ROBYN BECK / AFP via Getty Images /AFP via … Read more

The housing market slowdown is reflected in shipping data from China

Cuts in spending by consumers have already resulted in a 20-30% drop in Chinese manufacturing orders from US importers, as recently reported by CNBC, and more recent data from US shippers shows that the slowdown in the housing market is now showing in the Asian supply chain data too. “We are seeing the impact and … Read more

Voyager Digital provides market update

NEW YORK, June 27, 2022 /PRNewswire/ – Voyager Digital Ltd. (“Voyager” or the “Company”) (TSX: VOYG) (OTCQX: VYGVF) (FRA: UCD2) announced today that its operating subsidiary, Voyager Digital LLC, has paid Three Arrows Capital (“3AC”) ) for its failure to provide the make required payments on its previously announced loan of 15,250 BTC; and 350 … Read more