Markets

Natural gas prices have plunged 50% in less than a month as an unusually warm winter hits both the US and Europe. Chesapeake Energy CEO Nick Dell’Osso wants to avoid a repeat of the 2014 shale bust by limiting supply growth. “We do think the industry should acknowledge that and may reduce growth in the… Continue reading Natural gas prices have crashed 50% in less than a month, and now an energy CEO is ringing the alarm

Some Wall Street observers are worried the S&P 500 is headed for another grim showing in 2023.  The index suffered its worst loss since 2008 last year amid rising inflation and aggressive Fed policy. Here are four lingering headwinds that could drive a big hit to the S&P 500 in 2023. Loading Something is loading.… Continue reading From tumbling earnings to sky-high valuations, here’s 4 reasons experts see losses in the S&P 500 for a 2nd straight year

Goldman Sachs is relatively optimistic in 2023, saying there’s only a 1/3 chance of a US recession. That’s high enough that the firm is telling investors to be prepared for ‘hard’ or ‘soft’ landings. US Stock Chief David Kostin and his team put together portfolios designed for either scenario. Goldman Sachs seems like a beacon… Continue reading Goldman Sachs says buy these groups of 10 stocks to build the foundation of a portfolio that will outperform in a recession — or if the economy surprises investors by avoiding a downturn.

Warren Buffett’s “most gruesome” mistake was buying Dexter Shoe, a Maine shoemaker, in 1993. He paid with Berkshire Hathaway stock worth $433 million at the time, but $12 billion today. “I gave away 1.6% of a wonderful business … to buy a worthless business,” Buffett later admitted. Loading Something is loading. Thanks for signing up!… Continue reading Warren Buffett’s ‘most gruesome’ mistake was buying Dexter Shoe with Berkshire Hathaway stock. Here’s a look back at his $12 billion error.

Warren Buffett loaned about $300 million to Harley-Davidson during the financial crisis. The motorcycle maker needed cash in the face of softer demand and liquidity drying up. Buffett made about $150 million in five years, but could have raked in $1 billion owning the stock. Loading Something is loading. Thanks for signing up! Access your… Continue reading Warren Buffett loaned $300 million to Harley-Davidson during the financial crisis. Here’s a look back at how he helped the motorcycle maker.

Crypto lender Genesis filed for Chapter 11 bankruptcy this week.  The firm ran into trouble earlier this year when Three Arrows Capital couldn’t pay back all of a $2.3 billion loan.   Genesis insiders detail the crypto lender’s financial hardships months leading up to its bankruptcy filing.  Loading Something is loading. Thanks for signing up! Access… Continue reading Genesis faced trouble long before the collapse of FTX and this week’s bankruptcy filing, with a stream of exec departures and exposure to defunct Three Arrows

The “bubble is about to burst” in consumer staples stocks, says veteran market technician Jeff Bierman.  The sector outperformed the S&P 500 last year but now it’s “overbought and overpriced”. “The greatest opportunity to short on Wall Street, according to risk/reward, is consumer staples,” Bierman said.  Loading Something is loading. Thanks for signing up! Access… Continue reading ‘The greatest opportunity to short on Wall Street’: an overvalued corner of the market is set to blow up as recession looms, technical analyst says

Investor James Berkley is financially independent thanks to his real estate portfolio.  He made a couple of mistakes early on, though, including not prioritizing cash flow. Another mistake was overpaying for a brand new build that had no room for value add. At 34, James Berkley has enough money that he doesn’t have to work… Continue reading A 34-year-old real estate investor shares 2 mistakes he made in his portfolio before becoming financially independent