Despite challenges posed by the omicron variant and inflation, a majority of Wall Street firms predict the stock market will continue to rally next year
the stock market will continue to rally next year—albeit modestly—thanks to strong corporate earnings, solid economic growth and easing supply chain issues. They’re predicting the S&P 500 can reach 5,300 by the end of 2022—amounting to a 15% upside from the index’s current price of 4,600.of its shares from $10 to $11 each, to $8 to $9, a week ahead of its initial public offering. That’s in response to the recent tech stock selloff.
This cut would bring the startup’s valuation down from an expected $55 billion to about $42 billion, which would still place it ahead of the world’s most valuable digital bank, European fintech Revolut, valued at $33 billion.just as Amazon created its Amazon Web Services subsidiary 20 years ago. “We want to be the AWS of crypto,” said Coinbase Chief Product Officer Surojit Chatterjee in an exclusive interview with Forbes.
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