Michael Burry issued a grim warning to investors by simply tweeting: “Sell.” The “Big Short” legend was likely responding to the stock market’s astounding comeback in January. Burry recently compared the S&P 500’s rebound to its short-lived rally during the dot-com crash. Loading Something is loading. Thanks for signing up! Access your favorite topics in… Continue reading ‘Big Short’ legend Michael Burry issues a grave warning to investors with a one-word tweet: ‘Sell.’
Bankrupt crypto lender Celsius used Quickbooks for its accounting just like FTX, report says
Bankrupt crypto lender Celsius used QuickBooks to log its finances just like FTX. The company went bust last July as the cryptocurrency market underwent a huge sell-off. According to an examiner’s report, Celsius’ tracked its finances in 15 QuickBooks files and failed to produce consolidated statements. Loading Something is loading. Thanks for signing up! Access… Continue reading Bankrupt crypto lender Celsius used Quickbooks for its accounting just like FTX, report says
Investors are hooked on the ‘heroin’ of Fed rate cuts but the focus will turn to earnings gloom, Morgan Stanley’s top strategist says
The Federal Reserve’s not going to start cutting interest rates soon, Morgan Stanley’s top strategist said. When investors realize that, the focus will shift to the weakness in earnings, Mike Wilson told CNBC. “There’s no ‘heroin’, so to speak – we’re going to price to fundamentals, which are clearly deteriorating in our view,” he said.… Continue reading Investors are hooked on the ‘heroin’ of Fed rate cuts but the focus will turn to earnings gloom, Morgan Stanley’s top strategist says
Elon Musk’s ‘funding secured’ tweet cost investors $12 billion over 10 days, jury reportedly told
Elon Musk’s “funding secured” tweet cost Tesla investors $12 billion in just 10 days, a jury was told per Bloomberg. Michael Hartzmark of Forensic Economics said investors who took both long and short positions were burned. Musk is being sued after indicating in 2018 that he had funding in place to take Tesla private at… Continue reading Elon Musk’s ‘funding secured’ tweet cost investors $12 billion over 10 days, jury reportedly told
When Your Child Starts Watching TV Could Impact Their Academic Success, Per New Study
In 1981, the Select Panel for the Promotion of Child Health made some important calculations. “Children are one third of our population and all of our future,” the panel said. Technology has advanced dramatically in the 42 years since the group crunched those serious numbers and now new research is raising concerns about tech’s impact… Continue reading When Your Child Starts Watching TV Could Impact Their Academic Success, Per New Study
Company Behind ChatGPT Releases New Product to Address Major Concerns
It may not stop the War of the Machines, but the new tool will help educators grade papers with confidence. OpenAI’s ChatGPT chatbot is either the next great example of artificial intelligence for consumer use or one of the opening salvos in the war between machines and humans, depending on who you ask. While there… Continue reading Company Behind ChatGPT Releases New Product to Address Major Concerns
Twitter May Escape Bankruptcy
The likelihood of Twitter filing for bankruptcy is receding. The social network has belonged to Elon Musk since Oct. 27 in exchange for a $44 billion check. To finance the deal, the Tesla (TSLA) – Get Free Report chief executive had taken on $13 billion of debt, which comes with interest payments of around $1.5 billion a year.… Continue reading Twitter May Escape Bankruptcy
Apple Stands Apart From the Tech-Layoffs Bloodbath
Apple is the only Big Tech company that has not cut its workforce. The tech industry has been consolidating, with a wave of layoffs starting last November. The massive job cuts in the sector reflect expectations that revenue growth will slow as the economy contracts. Alphabet’s Google (GOOGL) – Get Free Report, the search and cloud… Continue reading Apple Stands Apart From the Tech-Layoffs Bloodbath
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