Seth Klarman.Getty Images/ Scott Olson Seth Klarman warned investors about speculation and complacency in his yearly letter. The Baupost CEO listed inflation and higher interest rates among his major concerns for markets. Klarman emphasized the value of hedging and sounded the alarm on political strife in the US. Sign up here for our daily newsletter,… Continue reading Billionaire investor Seth Klarman rings the alarm on speculation, complacency, and inflation in his annual letter. Here are the 11 best quotes.
Bank of America beats 4th-quarter profit estimates on record investment banking fees
Brian Moynihan, Bank of America CEO.Photo by John Lamparski/Getty Images Bank of America reported fourth-quarter earnings Wednesday that beat/missed Wall Street’s forecasts. The lender’s profit rose 28% to $7.01 billion or $0.82 a share, beating analyst estimates of $0.75 a share. Quarterly revenue came in at $22.1 billion, just under Bloomberg analyst estimates of $22.2… Continue reading Bank of America beats 4th-quarter profit estimates on record investment banking fees
Sony loses $20 billion in market value after Microsoft’s massive deal to buy Activision Blizzard knocks its shares
Rokas Tenys/Shutterstock Sony’s market value dropped $20 billion in a single day after its shares lost almost 13% in Tokyo. The stock fell after Microsoft said it plans to buy ‘Call of Duty’ maker Activision Blizzard for almost $69 billion. Sony’s PlayStation console is a rival to Xbox from Microsoft, which could make some Activision… Continue reading Sony loses $20 billion in market value after Microsoft’s massive deal to buy Activision Blizzard knocks its shares
Billionaire investor Howard Marks says he’s worried about excessive inflation — and shares 2 strategic investments for the current environment
Howard Marks.Screengrab via Bloomberg Howard Marks is worried about “excessive” inflation and said it isn’t desirable. “Higher inflation means higher interest rates, higher interest means lower asset prices,” he told Bloomberg Tuesday. He shared two ways investors can prepare for an era of inflation. Sign up here for our daily newsletter, 10 Things Before the… Continue reading Billionaire investor Howard Marks says he’s worried about excessive inflation — and shares 2 strategic investments for the current environment
Bitcoin billionaire Mike Novogratz says crypto prices will stay under pressure as bond yields shoot higher
Mike Novogratz is one of the most high-profile bitcoin and crypto investors.John Lamparski/Getty Images Billionaire investor Mike Novogratz has said crypto prices will stay under pressure as bond yields shoot higher. Bitcoin has tumbled over the last month to trade at around $41,000 — far below November’s record high of $69,000. Many investors are nervous… Continue reading Bitcoin billionaire Mike Novogratz says crypto prices will stay under pressure as bond yields shoot higher
Most Americans Can’t Afford to Fix Their Roof or Replace a Lost iPhone
A recent Bankrate survey shows that only 44% of Americans could cover an unplanned $1,000 expense, and inflation is impacting their ability to save. That means 56%, more than half, probably couldn’t afford to pay the average emergency roof-repair bill, or replace a higher-end iPhone. Not to mention an unexpected medical bill. The results of… Continue reading Most Americans Can’t Afford to Fix Their Roof or Replace a Lost iPhone
Taxpayers Beware: IRS Warns of Refund Delays, Service Cutbacks
The IRS has announced that this year’s tax filing season will start on Jan. 24, and due to Covid, budget cuts and understaffing, the agency expects it will have big challenges issuing refunds and providing other taxpayer services. So be prepared for a messy tax season. Here’s how you can navigate the obstacles and avoid… Continue reading Taxpayers Beware: IRS Warns of Refund Delays, Service Cutbacks
Best Smart Doorbell: Ring Video Doorbell 3
Video doorbells provide the security of knowing what’s going on at your front door even when you aren’t home. With a small upfront investment and small, optional monthly fee, you can find out who’s at your door without answering it – whether you’re working from home and don’t want to be disturbed or you’re away… Continue reading Best Smart Doorbell: Ring Video Doorbell 3
Recent Post
