Former FTX CEO Sam Bankman-Fried lost his entire $16 billion fortune in just a few days after his company filed chapter 11 bankruptcy protection on Friday, but he’s not the only high-profile investor ...
Tag: Investing
How AMD Stock Could Rally Another 20% to 30% From Here
Advanced Micro Devices (AMD) – Get Free Report has not had an easy run this year, but like other technology and chip stocks, it has been finding its groove lately. On Thursday, I looked at the ...
Big Japanese Investor Finds Itself Caught In Another Debacle
SoftBank Group has struck out on several its latest investments since several of them have proved to be nearly worthless. One of the largest Japanese investors, Softbank made a bet on cryptocurrency b...
‘A lot of people have compared this to Lehman. I would compare it to Enron’: Larry Summers comments on FTX bankruptcy
Former U.S. Treasury Secretary Larry Summers is likening the collapse of troubled cryptocurrency exchange FTX to the meltdown that engulfed Houston-based energy company Enron two decades ago. In an in...
Tom Brady and Steph Curry’s Crypto Firm Is Bankrupt
This is a debacle and a huge setback for the cryptocurrency industry. FTX, one of the largest digital currency exchanges, filed for Chapter 11 bankruptcy on November 11th. This decision is one of th...
Crypto and tech are the first dominoes to fall as stimulus liquidity dries up, says this money manager. Here’s what could happen next.
Read: Sequoia on its FTX investment: Some surprise to the upside, and some surprise to the downside JPMorgan is predicting a “cascade of margin calls, deleveraging and crypto company/platform failures...
Bonds Look Attractive Now. Why Warren Buffett Doesn’t Like Them.
Text size Berkshire Hathaway CEO Warren Buffett. Alex Wong/Getty Images Bonds don’t excite Warren Buffett even after the sharp rise in yields this year. The Berkshire Hathaway (ticker: BRK/A, BRK/B) C...
Here Are Three Steady Dividend Stocks for Unsteady Times
Securities that have much lower risk than the broad market can still offer attractive dividend yields. These are usually mature, stalwart companies in non-cyclical sectors and thus they can be interes...
How to Start Investing in Litecoin
Investing in cryptocurrencies is something that interests many, and you too might want to invest in it. Before you can start purchasing cryptocurrencies, it is important that you know a lot about the ...
Market Losses Can Reduce Your Tax Bill for Years. Here’s How.
This year’s market mayhem could shave your tax bill for years to come. With just weeks to go, 2022 is poised for steep negative annual returns in both stocks and bonds, a correlated collapse that has ...
‘We’ve seen this before,” warns BofA. Why inflation could take until 2024 to fall to 3% and weigh on stocks.
U.S. stocks roared higher Thursday after October’s consumer-price index showed inflation rising at a less aggressive annual pace than expected, spurring hopes that the Federal Reserve’s inflation flig...
Bulls in Control of Nvidia Stock. Here’s How High It Could Rally
Chip stocks have been a tough trade for investors this year and Nvidia (NVDA) – Get Free Report is no exception. Neither is Intel (INTC) – Get Free Report, Advanced Micro Devices (AMD) ...
One reason the rich get richer
Legend has it that Ernest Hemingway and F. Scott Fitzgerald disagreed about the rich. Fitzgerald, who had stars in his eyes, supposedly said, “The rich are different from the rest of us.” “Yes,” repli...
FTX lent over half of its customer funds to affiliated trading firm: WSJ
Embattled crypto exchange FTX, once the third-largest crypto exchange by trading volume, reportedly lent more than half of its customer funds to its affiliated trading firm Alameda Research, exposing ...
Kickstart Your Portfolio With These Three Chemical Stocks
. Chemical Stocks Recent News After a rocky few years with supply chain disruptions, chemical companies look to rebound heading into 2023. Fifty-five percent of chemical manufacturers reported that po...
‘Beware’ Of Crypto Investing Or Risk Ending Up In Bankruptcy Court, SEC Chair Warns
Topline The head of the Securities and Exchange Commission cautioned Americans about the risks of investing in the lightly regulated cryptocurrency industry Thursday, a dire warning as one of the larg...
The ‘Sky Is Falling’ at Tyson Foods
Tyson Foods (TSN) was downgraded to underperform from neutral (sell from hold) at a major sell-side firm. This comes ahead of next week’s release of quarterly results. The stock price target is ...
These 2 Value Stocks Are Cheaper Than They Appear
Growth stocks have taken it on the chin throughout 2022 as interest rates have moved relentlessly higher. Even the old FAANG stocks that led the rally for most of 2021 have not been immune. The highes...
Sit Down for This: The Trade Desk Doesn’t Look Like a Good Trade
The Trade Desk Inc. (TTD) is trading lower Wednesday after reporting earnings Wednesday morning. Despite beating expectations on earnings per share and revenue, the stock is less than one dollar away...
Tom Brady and Steph Curry’s Crypto Firm Looks For a Savior
The days of FTX.com are numbered. The cryptocurrency exchange platform could experience a sad and humiliating fate in the coming hours: filing for Chapter 11 bankruptcy. The company finds itself with...
Investing Whiz Bob Doll Says These High-Quality Energy Stocks Can Thrive in a Volatile Market
A look at the year-to-date charts of the major stock market indexes shows that the bearish trend has been choppy. It’s been marked by short rallies that sputter out until the pattern repeats. This mak...
Disney Disappoints and I Want Out: Here’s How to Trade It Now
On Tuesday evening, The Walt Disney Company (DIS) released the firm’s fiscal fourth quarter financial results. To say that Disney had an absolutely awful quarter would be to understate reality. ...
Crypto Crisis: Bitcoin Collapses By 17% and Sees No Hope
The crypto industry is plunged into a new crisis of confidence. As cryptocurrency prices began to stabilize, fresh drama derailed the sense of relief that was finally settling into the crypto market ...
Real Estate Rebounds On Gov’t Backing As COVID Cases Increase
China Last Night KraneShares Key News Asian equity markets were mixed overnight with Taiwan and South Korea outperforming. Hong Kong and China were off with October’s PPI reported to be -1.3% and risi...
Carvana Stock Drops Amid Used Car Price Declines
Getty Images Key takeaways Used car marketplace Carvana saw its stock plunge 48% in two days after abysmal third quarter earnings Carvana stock is down almost 97% year-to-date (YTD) as an overheated a...
‘I have never before seen a CEO take responsibility as he does’: investor Bill Ackman comments on Sam Bankman-Fried in now-deleted Tweet
Bill Ackman, famous hedge fund billionaire investor, defended former chief executive of crypto exchange FTX Sam Bankman Fried’s leadership in a now deleted Tweet on Thursday. “You have to give @SBF_FT...