US stocks ended Monday’s session mixed, with the Nasdaq trailing rival indexes. Investors returned from the Good Friday break anticipating another Fed rate hike after the March jobs report. Consumer inflation data and the first bank earnings after Silicon Valley Bank’s collapse are due this week. Loading Something is loading. Thanks for signing up! Access… Continue reading US tech stocks close lower in mixed session as investors weigh recession worries alongside potential for another Fed rate hike
From threatening skeptical execs to approving expenses with emojis, here are the 6 most damning claims from FTX’s first debtors report
Sam Bankman-Fried threatened FTX employees who voiced concerns about its business practices. FTX, a crypto empire once worth $32 billion, had employees file business expenses via Slack. Insider compiled the six most shocking claims about the failed crypto exchange from its debtors report. Loading Something is loading. Thanks for signing up! Access your favorite topics… Continue reading From threatening skeptical execs to approving expenses with emojis, here are the 6 most damning claims from FTX’s first debtors report
Nintendo stock jumps after ‘The Super Mario Bros. Movie’ breaks records in $377 million box office haul
Nintendo stock jumped on Monday following the successful release of “The Super Mario Bros. Movie.” The movie smashed box-office records in its opening weekend after generating $377 million in global sales. The successful movie release could lead to more of Nintendo’s content reaching the big screen. Loading Something is loading. Thanks for signing up! Access… Continue reading Nintendo stock jumps after ‘The Super Mario Bros. Movie’ breaks records in $377 million box office haul
The Russian economy is much worse than it appears as Moscow’s data is a ‘collection of lies and distortions,’ economist says
Russia’s economic data is full of ‘lies and distortions,’ economist Alexei Bayer wrote. Official stats from Moscow that show a resilient economy are more akin to propaganda, he added. Consumer inflation should be at least 30% versus of the official rate of 11% in February. Loading Something is loading. Thanks for signing up! Access your… Continue reading The Russian economy is much worse than it appears as Moscow’s data is a ‘collection of lies and distortions,’ economist says
Americans are already feeling the effects of a credit crunch
A Monday New York Fed survey found that Americans’ feel like their access to credit is deteriorating. Fed Chair Jerome Powell previously said the banking stress that started with Silicon Valley Bank could trigger a credit crunch. The survey also found that Americans’ inflation expectations increased at the short-term and medium-term, but decreased in the… Continue reading Americans are already feeling the effects of a credit crunch
The economy would be better off without bitcoin as it’s a ‘negative-sum’ investment that comes at a social cost, economist says
Bitcoin is a wasteful asset that doesn’t add to global welfare, Dieter Wermuth, economist and partner at Wermuth Asset Management, wrote in a recent note. He says the bitcoin market is highly centralized, and primarily benefits early investors and miners. The tokens fail as currency, given their high volatility and lack of real-world use, according… Continue reading The economy would be better off without bitcoin as it’s a ‘negative-sum’ investment that comes at a social cost, economist says
Who is Nouriel Roubini, Wall Street’s ‘Dr. Doom’ economist who has warned of catastrophe for 2 decades?
Nouriel Roubini, the economist known as “Dr. Doom”, has been warning of disaster for two decades. He rose to prominence after being among the commentators to call the 2008 financial crisis. Most recently, Roubini has warned that markets and the economy are sleepwalking into a new catastrophe. Loading Something is loading. Thanks for signing up!… Continue reading Who is Nouriel Roubini, Wall Street’s ‘Dr. Doom’ economist who has warned of catastrophe for 2 decades?
Chamath Palihapitiya was supposed to be the next Warren Buffett. Then interest rates spiked.
Chamath Palihapitiya was dubbed the “next Warren Buffett” after a series of successful bets in 2019 and 2020.Palihapitiya even compared his returns to Buffett’s Berkshire Hathaway in his annual letters.But most of Palihapitiya’s investments soured as rates soared, denting his image as the next Buffett. Loading Something is loading. Thanks for signing up! Access your… Continue reading Chamath Palihapitiya was supposed to be the next Warren Buffett. Then interest rates spiked.
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