Tesla is the most profitable short trade of the year Tesla has tumbled more than 42 per cent in December through Wednesday’s close, driving it to a loss of 68 per cent this year. Photo by Chen Lin/Reuters files Investors betting against Tesla Inc. are getting the big bonanza they have been waiting for, with… Continue reading Tesla’s worst-ever year brings $17-billion windfall for shorts
Oil and gas stocks shine in miserable year for U.S. equities
Companies shunned when climate concerns reached Wall Street have made a stunning stock market comeback Author of the article: Financial Times Derek Brower in New York Published Dec 29, 2022 • 3 minute read Join the conversation Of the 25 performers in the benchmark S&P 500 index of stocks, as many as 15 will be… Continue reading Oil and gas stocks shine in miserable year for U.S. equities
23 investing and personal finance thoughts for what’s to come in ’23
Ted Rechtshaffen makes calls on inflation, interest rates, China, the war in Ukraine and where mortgage rates are likely headed Financial expert Ted Rechtshaffen has made 23 predictions for 2023 including calls on bitcoin, the loonie, where cannabis stocks are headed and the ongoing role in the new year of Russia’s war against Ukraine. Photo… Continue reading 23 investing and personal finance thoughts for what’s to come in ’23
‘Woke people have taken over’: Home Depot’s billionaire co-founder Bernie Marcus is worried about capitalism
93-year-old co-founder of the DIY chain laments the lack of risk-taking in today’s business world Author of the article: Financial Times Andrew Hill Published Dec 29, 2022 • 7 minute read 6 Comments Home Depot co-founder Bernie Marcus in 2007. Photo by Louie Favorite/Pool via Bloomberg News The list of potential obstacles to entrepreneurial success… Continue reading ‘Woke people have taken over’: Home Depot’s billionaire co-founder Bernie Marcus is worried about capitalism
More countries impose COVID rules on China travellers after almost half of the passengers on two flights test positive
Almost 37 million people were possibly infected in China on a single day last week Author of the article: Bloomberg News Bloomberg News Published Dec 29, 2022 • 3 minute read 5 Comments A passenger walks in to test for the COVID-19 coronavirus, on arrival at Anna International Airport in Chennai on Dec. 24, 2022.… Continue reading More countries impose COVID rules on China travellers after almost half of the passengers on two flights test positive
It’s a make-or-break year for these battered companies
These five U.S. companies should be watched closely Author of the article: Bloomberg News Bloomberg News Published Dec 28, 2022 • 6 minute read Join the conversation A package of Beyond Meat Inc. burger patties. Photo by Gabby Jones/Bloomberg files Companies in the United States had a lot to overcome in the latter half of… Continue reading It’s a make-or-break year for these battered companies
Tesla dip buyers return as stock snaps near-record losing streak
Dip buyers are on track to rescue Tesla from an eighth straight day of losses Author of the article: Bloomberg News Farah Elbahrawy Published Dec 28, 2022 • Last updated 6 hours ago • 2 minute read Join the conversation Tesla shares slumped 11 per cent on Tuesday after Reuters reported that the company plans to… Continue reading Tesla dip buyers return as stock snaps near-record losing streak
David Rosenberg: The great reopening of China may not be as great as you think
Pinning hopes on a resurgence in Chinese demand — to offset economic weakness elsewhere — is misplaced People cross a street in the Jing’an district in Shanghai on Dec. 21, 2022. Photo by Hector Retamal/AFP via Getty Images After a disastrous 2022, China should experience a pick-up in growth next year as COVID-19 controls are… Continue reading David Rosenberg: The great reopening of China may not be as great as you think
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