Markets

Natural gas prices plunged as much as 10% on Tuesday to levels not seen since September 2020.US prices fell to a low of $2.06 per million BTUs, representing a 79% decline from its August high.The decline in natural gas prices can be attributed to a mild winter that has led to less demand. Loading Something… Continue reading Natural gas plunges 10% to its lowest level since 2020 as winter demand concerns fade

Some Tesla models are now selling for less than the average new car in the US.  Both the Tesla Model 3 and Model Y have been extensively marked down recently.  Automakers like Ford and Rivian followed Tesla’s lead in January in slashing prices.  Loading Something is loading. Thanks for signing up! Access your favorite topics… Continue reading Tesla EVs are the cheapest they have ever been relative to the overall US auto market

Tesla short sellers have lost $7.2 billion during 2023, according to data analytics firm S3 Partners.  The EV maker’s stock jumped 86% year-to-date amid a broader tech rally.  Ten of the most-shorted stocks delivered nearly $17 billion in total losses this year, including Meta and Apple. Loading Something is loading. Thanks for signing up! Access… Continue reading Tesla short sellers have lost $7 billion in 2023 as the EV maker’s stock has soared 86%

Bridgewater has secretly arranged to pay Ray Dalio billions of dollars via special stock to get him to retire, per the New York Times. It took six months of negotiations to settle how much money the hedge fund was willing to pay Dalio to walk away, according to the report. The billionaire founder of the… Continue reading Ray Dalio will secretly get billions of dollars from Bridgewater for agreeing to retire without a fight, report says

Ray Dalio compares investing to poker and a diversified portfolio to a casino in a new interview. The billionaire investor casts doubt on crypto’s value as a store of wealth or means of exchange. Dalio compares life to playing a video game, and the lessons from solving problems to precious gems. Loading Something is loading.… Continue reading Billionaire investor Ray Dalio says portfolios are like casinos – and crypto hype is overblown. Here are his 7 best quotes from a new interview.

Singh would be the latest member of Sam Bankman-Fried’s inner circle to plead guilty to US criminal charges over his role in alleged fraud that caused FTX’s collapse. Two other top execs at FTX, Gary Wang and Caroline Ellison, pleaded guilty last year. This could further isolate SBF, who pleaded not guilty to eight counts… Continue reading Former FTX exec Nishad Singh will plead guilty over his role in the crypto exchange’s collapse, according to reports, further isolating Sam Bankman-Fried

Patrick Hillmann is the chief strategy officer at Binance, the world’s largest crypto exchange by volume.  The exec explained how poor regulation could lead to increased crypto market volatility.  Binance has faced a series of US investigations into its business from the DOJ and SEC.  Loading Something is loading. Thanks for signing up! Access your… Continue reading A top exec at the world’s largest crypto exchange breaks down the single-biggest risk for the market in 2023

America’s “Big Three” passive investing funds own more of Tesla than founder Elon Musk does, per the FT. BlackRock, Vanguard and State Street have a combined 13.58% stake in the US electric-car maker.  Musk has dumped billions of dollars in Tesla stock to fund his $44 billion acquisition of Twitter.  Loading Something is loading. Thanks… Continue reading America’s ‘Big Three’ passive funds now own more of Tesla than CEO Elon Musk does, report says