By Herbert Lash NEW YORK (Reuters) -The dollar fell more than 1% against major currencies on Tuesday after U.S. consumer price data showed the pace of inflation moderating further in October, increasing the odds that the Federal Reserve is done hiking interest rates. U.S. consumer prices were unchanged last month…

Source: Pixabay Long-time partner Joseph Naggar, who was highly influential in GoldenTree Asset Management’s expansion into crypto investments, is set to leave the company. The Block reported on Wednesday that Naggar’s exit is set to leave GoldenTree’s crypto unit in a period of uncertainty, with two anonymous sources quoted as…

Homebuilder stock PulteGroup (NYSE:PHM) has been gapping up the charts this month, after consolidating above the $70 mark through October. Today, the stock hit a fresh record high of $89.16, and there is reason to believe it could extend those highs, if past is precedent. Yesterday, a bull signal sounded…

Cathie Wood’s ARK Innovation ETF has significantly outperformed the broader market lately, thanks to robust gains in tech stocks. DataTrek Research says the exchange-traded fund’s top holdings are worth further research and consideration for investors betting on a year-end rally. Since Oct. 27, the ARK Innovation ETF (ticker: ARKK) has…

© Reuters. FILE PHOTO: A signage is seen in the offices of Tapestry, Inc., in Manhattan, New York, U.S., November 19, 2021. REUTERS/Andrew Kelly (Reuters) -Tapestry, which is buying rival Capri, will lean on higher prices for its handbags and shoes to protect margins as the company lowered its annual…

(Reuters) – The United States is seeking to buy up to three million barrels of oil for delivery in January 2024 to replenish the country’s strategic petroleum reserve, the Department of Energy said on Monday. “This is the second solicitation for January 2024 delivery as DOE aims to purchase oil when it…

Investing.com– Most Asian currencies rose on Wednesday, while the dollar languished at over two-month lows after weaker-than-expected U.S. inflation data spurred bets that the Federal Reserve was done raising interest rates. Some positive economic data, coupled with a massive, 600 billion yuan ($83 billion) liquidity injection by the People’s Bank…

XRD, KLAY, APE, MK, and TGC are some of the best crypto to buy now. Image by cryptonews.com. The XRD price surge and market buzz surrounding Radix, Klaytn, and ApeCoin, along with promising crypto presales like Meme Kombat and TG.Casino, has positioned these as some of the best crypto to…

Nvidia Corp. Inc. is scheduled to report earnings after Tuesday’s close. The stock just hit a record high of $505.48/share and is currently trading near $497/share. The stock is prone to big moves after reporting earnings and can easily gap up if the numbers are strong. Conversely, if the numbers…

Cathie Wood, chief executive at Ark Invest, said Tuesday that a deflation trend has begun in the U.S., which may compel the Federal Reserve to start cutting its key interest rate.  “The Fed has overdone it, and the greater risk here is deflation,” Wood told Bloomberg TV on Tuesday. “If…