Hindenburg Research has stepped up its market offensive against Carl Icahn’s firm, days after it accused the billionaire of running “Ponzi-like” structures. The short seller disclosed on Thursday that it has opened a short position in Icahn Enterprises bonds. The move comes as Icahn’s firm posted a surprise first-quarter loss, and disclosed that it had… Continue reading Hindenburg Research steps up its offensive against billionaire Carl Icahn’s investment firm by shorting its bonds
Crypto lawsuit against Tom Brady, Shaquille O’Neal, and the Golden State Warriors gets the cooperation of a former FTX exec
FTX’s former compliance chief is cooperating with a lawsuit against celebrities who promoted the exchange. Dan Friedberg provided evidence showing that important FTX promotional activity happened in Florida, according to an amended complaint filed late Thursday. Steph Curry, Larry David, and three other defendants claim the lawsuit shouldn’t apply to them because they don’t live… Continue reading Crypto lawsuit against Tom Brady, Shaquille O’Neal, and the Golden State Warriors gets the cooperation of a former FTX exec
Tesla’s long wait times are a bullish sign – and Elon Musk’s carmaker could see its stock jump 62%, Piper Sandler says
Increased wait times for Tesla’s Model Y SUV may be good news for bulls, Piper Sandler says. The delays may reflect robust demand for the electric vehicle, made by Elon Musk’s automaker. The US investment bank gave Tesla a price target of $280, suggesting its shares could soar 62%. Loading Something is loading. Thanks for… Continue reading Tesla’s long wait times are a bullish sign – and Elon Musk’s carmaker could see its stock jump 62%, Piper Sandler says
Snap up Tesla stock because a new Twitter CEO will allow Elon Musk to focus on his ‘golden child’, Wedbush says
Elon Musk’s departure as Twitter CEO will boost Tesla’s share price, according to Wedbush. Musk said Thursday that he’d found a new boss for the social-media giant and that she’ll start in around six weeks. That announcement removes a “lingering albatross” for Tesla’s stock, Wedbush’s Dan Ives wrote. Loading Something is loading. Thanks for signing… Continue reading Snap up Tesla stock because a new Twitter CEO will allow Elon Musk to focus on his ‘golden child’, Wedbush says
Tesla stock jumps after Elon Musk says he’s stepping down as CEO of Twitter
Tesla stock climbed 2% Thursday, jumping late in the day after Elon Musk said he’d step down as Twitter CEO. Musk tweeted that he found a new CEO for Twitter who would start in around six weeks. “My role will transition to being exec chair & CTO, overseeing product, software & sysops.” Loading Something is… Continue reading Tesla stock jumps after Elon Musk says he’s stepping down as CEO of Twitter
Preparing for the Next Recession: Six Considerations for Retirees
Just like spring and summer always lead to fall and winter, we know winter is coming and another recession is on the horizon, we just don’t know when. If you have a leak in your roof, when’s the best time to fix that leak? Before it rains, because once the rain comes, it’s too late.… Continue reading Preparing for the Next Recession: Six Considerations for Retirees
Stock Market Today: Stocks Lose Steam After CPI Report
Stocks jumped after the April Consumer Price Index (CPI) showed that inflation cooled moderately last month, with prices rising by less than 5% on an annual basis for the first time in two years. Two of the three major benchmarks lost steam as Wednesday’s session progressed, however, as the implications of the CPI report sunk… Continue reading Stock Market Today: Stocks Lose Steam After CPI Report
Crashing egg prices signal the Fed is winning its war against inflation
US egg prices have plunged 32% from their January peak, suggesting the Fed is winning its inflation battle. The average cost of a dozen eggs is $3.27, down from $4.82 at the start of 2023. “These retail price declines should continue with wholesale egg prices crashing, now down over 80% from their January high,” Charlie… Continue reading Crashing egg prices signal the Fed is winning its war against inflation
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