Wed, Sep 20, 2023 10:49 AM
Stock Market LIVE Updates: GIFT Nifty indicates a negative start; US, As...
A Flip by Avya Verma
U.S. stocks are at fresh records, bitcoin is soaring and investors are spurning insurance against portfolio declines as evidence that the economy is headed for a so-called soft landing whets market participants' appetite for risk. Call it the Goldilocks trade - a bet that the Federal Reserve will be able to tame inflation while keeping growth from declining too rapidly.
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Airbnb (NASDAQ:ABNB), one of the largest accommodation booking platforms in the world, saw its stock tumble 7% last week after reporting first-quarter earnings. Despite short-term challenges, Airbnb is poised for continued growth aided by its growing scale, which presents investors with another opportunity to consider investing in it.
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Asian shares were mostly higher on Thursday after U.S. stocks rallied to records on hopes that inflation is heading back in the right direction. The optimism came from a report showing U.S. consumers had to pay prices for gasoline, car insurance and everything else in April that were 3.4% higher overall than a year earlier, less than March’s inflation rate of 3.5%.
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