Mega-cap stocks powered the 2023 market rally, but they now face a bigger selloff risk as recession looms, a JPMorgan strategist says

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Traders work on the floor of the New York Stock Exchange.
Traders work on the floor of the New York Stock Exchange.

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Tech stocks' superb 2023 is about to be shattered by a recession, Bank of America warns

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Tech stocks' early-2023 rally could soon be 'cracked' by a US recession, according to Bank of America.

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Snap up Tesla stock because a new Twitter CEO will allow Elon Musk to focus on his 'golden child', Wedbush says

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Elon Musk
Tesla CEO Elon Musk.

REUTERS/Mike Blake

The stock market still faces 'potential disappointment' on Fed easing bets despite cooling inflation, UBS says

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Investors should still be fretting about stocks plunging even though inflation is slowing down, according to UBS.

Brendan McDermid/Reuters

Bitcoin's biggest rally since 2021 is fizzling out

Tech Insider : Crypto
A Bitcoin ATM.
Bitcoin's early-year rally has fizzled out over the past month.

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Airbnb stock slides 12% as execs warn of a potential booking slowdown in the second quarter

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Airbnb shares fell Wednesday after execs warned of a tougher second-quarter.

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Galaxy Digital will move more of its operations offshore because of a 'regulatory headache' in the US, billionaire crypto bull Mike Novogratz says

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Mike Novogratz
Galaxy Digital will move more of its crypto operations offshore, billionaire investor Mike Novogratz said Tuesday.

Lucas Jackson/Reuters

Education stocks plummeted after Chegg's CEO warned about ChatGPT – but don't write off entire sectors just yet

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Chegg CEO Dan Rosensweig
Chegg CEO Dan Rosensweig on the floor of the New York Stock Exchange.

Richard Drew/AP

Gold closes in on an all-time high thanks to de-dollarization and banking uncertainty

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gold
Gold prices have rallied in 2023, with investors fretting about turmoil in the US's regional banking sector.

David Gray/Reuters

Load up on Treasury bills for their juicy yields because the debt-limit standoff will likely be resolved, billionaire bond king Bill Gross says

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Bill Gross
Pimco co-founder Bill Gross.

Jim Young/Reuters

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