Wall Street record rally rolls on | Nation

Wall Street record rally rolls on | Nation

Wall Street’s major indices pushed higher on Tuesday, a day after striking record highs on optimism over a reduction in US-China trade tensions. “Record highs yesterday for the major indices weren’t enough,” said Briefing.com analyst Patrick O’Hare. “The market is coming back for more this morning, heartened by recent earnings reports, visions of a rate…

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'Should We Get Rid of the Stock Market?'

‘Should We Get Rid of the Stock Market?’

Mark Cuban says that the elimination of billionaires would trigger a stock market crash, potentially erasing the savings of average Americans. In a post on BlueSky last week, Cuban opposed the idea that wealth inequality could be mitigated by taxing or capping the wealth of billionaires. Cuban, who has built a $6 billion fortune through tech startups, investments,…

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Stocks Risk 'Disorderly Corrections,' Sparking Wider Economic Chaos: IMF

Stocks Risk ‘Disorderly Corrections,’ Sparking Wider Economic Chaos: IMF

The IMF is warning that elevated stock valuations are putting both financial markets and the global economy at risk of some turbulence. “Valuation models indicate that risk asset prices are well above fundamentals, increasing the probability of disorderly corrections when adverse shocks occur,” the organization said in its Global Financial Stability Report published this month….

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Unity, Palantir Technologies, and Upland Software Stocks Trade Down, What You Need To Know

Unity, Palantir Technologies, and Upland Software Stocks Trade Down, What You Need To Know

A number of stocks fell in the afternoon session after new trade tensions and disappointing earnings from major tech companies weighed heavily on investor sentiment. A key driver was the news that the White House is considering new restrictions on Chinese exports that use U.S. software, a move that could significantly impact technology companies. This…

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