Elon Musk is the new Steve Jobs, according to Wall Street vet Keith Fitz-Gerald. Fitz-Gerald said Musk was capable of “incredible transformation,” predicting Tesla stock to soar 44%. The EV maker has rebounded 95% since the start of the year, despite hefty losses in 2022. Loading Something is loading. Thanks for signing up! Access your… Continue reading Tesla stock will soar 44% as Elon Musk is the new Steve Jobs, veteran Wall Street analyst says
Record highs for the stock market are within reach this year as shaky earnings results show bad news is already priced in, Fundstrat says
The stock market could hit record highs by year-end as disappointing earnings fail to spark a big sell-off, according to Fundstrat.Investors prepared themselves for a barrage of bad news, and that’s great for the stock market.”Investors are punishing [earnings] misses to a far less extent,” Fundstrat’s Tom Lee said. Loading Something is loading. Thanks for… Continue reading Record highs for the stock market are within reach this year as shaky earnings results show bad news is already priced in, Fundstrat says
Elon Musk is on the cusp of being the world’s richest man again after Tesla stock’s huge rebound
The recent rally in Tesla stock is helping CEO Elon Musk pile on wealth and come close top reclaiming the title of world’s richest man. Musk’s net worth has grown roughly $50 billion since January and was at $186 billion by Thursday’s market close. That’s just $3 billion Bernard Arnault, who is currently the world’s… Continue reading Elon Musk is on the cusp of being the world’s richest man again after Tesla stock’s huge rebound
The eyeball-scanning crypto startup founded by ChatGPT creator Sam Altman is reportedly on the hunt for a lead investor to raise up to $120 million
Sam Altman’s Worldcoin is in talks to raise up to $120 million, The Block reported. The Andreeseen-backed crypto project is targeting sovereign funds as a lead investor. Worldcoin has come under fire over privacy concerns as a fledgling startup that’s gathering loads of personal biometric data. Loading Something is loading. Thanks for signing up! Access… Continue reading The eyeball-scanning crypto startup founded by ChatGPT creator Sam Altman is reportedly on the hunt for a lead investor to raise up to $120 million
Anthony Scaramucci, Coinbase boss Brian Armstrong and other crypto bigwigs are raging about the ‘lazy’ SEC’s crackdown on Kraken’s staking service. Here’s what 8 luminaries have to say.
Kraken will shut down its US crypto “staking” program and pay $30 million to settle SEC charges. It’s the regulator’s first big crackdown on firms that offer a return to customers who stake their crypto. Here’s what 9 top voices in the crypto world have to say about the Kraken move and what it means.… Continue reading Anthony Scaramucci, Coinbase boss Brian Armstrong and other crypto bigwigs are raging about the ‘lazy’ SEC’s crackdown on Kraken’s staking service. Here’s what 8 luminaries have to say.
Fears of a US debt crisis are ‘imaginary’, and what the economy needs is more investment in critical infrastructure, economist says
A US debt crisis is an “imaginary” fear, and policymakers should focus on “real” problems, UC Berkeley economist Barry Eichengreen said. He stressed the importance of investment, which could stimulate the economy and lighten the debt burden. “Those who imagine an imminent debt crisis are making much ado about nothing.” Loading Something is loading. Thanks… Continue reading Fears of a US debt crisis are ‘imaginary’, and what the economy needs is more investment in critical infrastructure, economist says
The bond market’s classic recession indicator is still flashing. But it’s no longer worth worrying about, Goldman Sachs says
Economists tend to see an inverted US bond-yield curve as an indicator that a recession is coming. Yields on Treasury bonds remain inverted, which could be a classic recession warning. But it’s no longer worth worrying about the yield curve, according to Goldman Sachs. Loading Something is loading. Thanks for signing up! Access your favorite… Continue reading The bond market’s classic recession indicator is still flashing. But it’s no longer worth worrying about, Goldman Sachs says
Tesla is singlehandedly driving the highest retail investment into the stock market since 2020 as traders await Elon Musk’s master plan at the upcoming investor day
Tesla has driven a big rebound in the retail FOMO trade as its stock has doubled in five weeks.Retail investors’ aggregate inflows into the stock market have reached levels last seen in 2020 and 2021, according to Vanda Research.”Tesla continues to draw unprecedented retail flows” ahead of CEO Elon Musk’s master plan reveal, Vanda said.… Continue reading Tesla is singlehandedly driving the highest retail investment into the stock market since 2020 as traders await Elon Musk’s master plan at the upcoming investor day
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