In news that will come as no surprise to their boomer parents, millennials in their 30s are digging themselves deeper and deeper into debt. Don’t miss And it’s not just due to their long-abiding...
Tag: Pile
Billionaire Charlie Munger Reveals Why Berkshire Hathaway has an $88 Billion Pile of Cash
The S&P 500 dipped by 19% in 2022, but stocks still don’t seem cheap to Charlie Munger, Warren Buffett’s billionaire partner at Berkshire Hathaway. “In my whole adult life, I have never hoarded ca...
Ark Invest’s Cathie Wood Buys Huge Pile of Coinbase Stock
Cathie Wood is unfazed by Coinbase’s declining sales and regulatory uncertainties. Ark Invest bought 213,519 shares on Feb 22. Ark Invest, Cathie Wood’s investment management business, has made its bi...
The Growing Cash Pile in Moscow That Investors Can’t Touch
(Bloomberg) — Billions of dollars are accumulating in Moscow beyond the reach of its foreign owners. Most Read from Bloomberg Stock dividends, interest payments on bonds and anything else that W...
Adidas’s New CEO Has a $1.3 Billion Pile of Unsold Yeezy Gear
(Bloomberg) — Adidas AG shares slumped after the German shoemaker warned that it’s sitting on a €1.2 billion ($1.3 billion) pile of unsold merchandise after terminating its lucrative branding de...
FOMO-Fueled Tech Rally Steamrolls Over Pile of Earnings Warnings
(Bloomberg) — Earnings from high-profile technology companies last week ranged from uninspiring to downright disastrous. But that didn’t stop traders from scooping up tech stocks ahead of more p...
Bithumb Offices Raided as Legal Woes Pile up (Report)
More troubles for South Korean crypto exchange Bithumb brews as its offices were reportedly raided on Thursday. Authorities launched an investigation into potential price manipulation of a coin listed...
FTT Surges 52% as Degens Pile into Embattled Exchange Token
The embattled FTT token has surged today as traders continue to pile into the collapsed exchange asset in an attempt to make a quick buck. Crypto markets are still in the green this Monday morning. Ho...
Southwest Airlines cancellations abate after holidays but costs pile up
Pristine Floyde searches for a friend’s suitcase in a baggage holding area for Southwest Airlines at Denver International Airport on December 28, 2022 in Denver, Colorado. Michael Ciaglo | Getty...
Inflation-Wary Shoppers Pull Back as Goods Pile Up in Stores
(Bloomberg) — Jude Snair knows retail. She works in the portrait department of a JCPenney at the Newport Centre mall in New Jersey. But with or without an employee discount, the 20-year-old said...
Retail investors pile into Tesla as shares remain under pressure
Individual investors piled into Tesla (TSLA) on Tuesday, seeing the recent drawdown in shares of the electric vehicle giant as a dip-buying opportunity for their favorite stock. Tesla was the most pop...
Investors flee ImmutableX and DASH as markets fall while investors pile into the safe haven coin known as Snowfall Protocol!
As the crypto markets take a dive, investors are looking for a safe haven to park their funds. Many have turned to Snowfall Protocol (SNW) as a reliable and secure option. Snowfall Protocol (SNW) is a...
Whales Pile up Shiba INU, While Price Continues to Struggle below $0.00001
The Shiba INU price has been trading sideways for quite a long time, while the whales continue to gather more and more tokens over time. For nearly a week, the SHIB price has been trading within a ver...
SEC Seeks More Time To File Replies in Ripple Lawsuit As Amicus Briefs in XRP’s Favor Pile Up
The U.S. Securities and Exchange Commission (SEC) is filing a motion to extend the amount of time it has to reply to the numerous amicus briefs supporting Ripple Labs. The SEC sued Ripple Labs in late...
Layoffs Pile Up as Bear Market Persists
Following staff cuts by major crypto companies such as Coinbase and Gemini earlier this year, a fresh round of reported layoffs and restructurings further accelerated the industry’s churn this week. C...
Growing Pile of Distressed Debt Signals Coming US Default Wave
(Bloomberg) — A heap of distressed debt is expanding in the US corporate bond market and investors worry that a burst of defaults will follow. Most Read from Bloomberg The amount of dollar-denom...
US Central Bank Loses Billions From Rate Hikes, ‘Losses Pile up Into an IOU’ – Economics Bitcoin News
While the U.S. Federal Reserve ramped up the benchmark bank rate with a barrage of rate hikes, U.S. Treasury markets and global bond markets, in general, have seen one of the worst selloffs in over a ...
PE Deals Misfire; Losses Pile As Tesla CEO Musk Takes Twitter Private| Investor’s Business Daily
Elon Musk’s $44 billion deal to buy Twitter (TWTR) will cause pain in an already crumbling private equity market. X Musk has sold $15.4 billion worth of Tesla (TSLA) shares to finance the Twitte...
Tesla Sinks 50% From November Record High as Troubles Pile Up
(Bloomberg) — Tesla Inc. shares tumbled about 50% from their all-time high, amid a broader selloff in the US stock market that has hit growth and technology companies especially hard. Most Read ...
Uniswap, Aave Pile Into Polygon’s Speedy Rollup Testnet for Ethereum
Polygon announced today the release of its zkEVM public testnet, which will let developers test the deployment of privacy-enhancing zk-rollups in their decentralized applications (dApps). Zk-rollups a...
Excitement for crypto fades as investors pile into bonds
Since the Federal Reserve began hiking interest rates to control inflation, the cryptocurrency and stock markets have performed poorly, forcing investors’ interest in US Treasury bonds to rise. Invest...
Is This Ethereum’s Oldest NFT Project? Collectors Pile Into Early Domain Name App
Key Takeaways An early Ethereum project called Linagee Name Registrar has sparked a frenzy in the NFT community over the past few days. The project lets Ethereum users mint their own domain name NFTs,...
Traders Who ‘Just Want to Survive’ Sit on $5 Trillion Cash Pile
(Bloomberg) — From stocks to bonds, credit to crypto, money managers looking for somewhere to hide from the Federal Reserve induced storm battering virtually every asset class are finding solace...
S&P 500: Investors Pile Into 9 Stocks Every Single Time The Market Rallies
The S&P 500 is on again, off again all year. But investors clearly have a “buy list” of stocks they want to own when the rally looks real. X Nine stocks in the S&P 500, including i...
Net futures positions for S&P 500 continue to plunge as hedge funds pile into short positions
The S&P 500 rallied for four straight weeks, bouncing almost 17% from its 52-week low seen on June 16, apparently due to the prevailing belief that the Federal Reserve (Fed) is getting inflation u...
Hedge funds pile up $125 billion bet against the S&P 500’s big summer rally
A more than $125 billion institutional short position has been building up against the U.S. stock market, driven by hedge funds, according to BNP Paribas. Futures contract data points to a sharp incre...
Bed Bath & Beyond Surges Nearly 40% As Retail Traders Pile Back Into Meme Stocks
Topline Meme stocks surged higher on Monday—with shares of Bed Bath & Beyond jumping nearly 40%, while GameStop and AMC also rallied—as retail traders bought up shares in a coordinated effort, cau...
Ethereum Whales Pile Into Dogecoin Competitor Shiba Inu As Holdings Explode by Over 500%
Ethereum (ETH) whales are aggressively increasing their holdings of a Dogecoin (DOGE) rival as the crypto market stages a modest recovery. According to transactions tracker WhaleStats, Ethereum whales...
Institutional Investors Pile Into Ethereum (ETH) at Highest Rate Since November 2021: CoinShares
Leading digital assets manager CoinShares says Ethereum (ETH) institutional investment products just had their biggest week in over a year. According to the latest Digital Asset Fund Flows Weekly repo...