The ex-president of FTX’s US affiliate has shared his view of problems at the now-bankrupt crypto empire. Brett Harrison said founder Sam Bankman-Fried was “spiteful” and laid out what happened when he spoke up. Here are 10 things we learned from Harrison’s huge Twitter thread this weekend, in his best quotes. Loading Something is loading.… Continue reading FTX US’ former boss has opened up on ‘spiteful’ ex-CEO Sam Bankman-Fried and problems at the collapsed crypto exchange. Here are 10 things we just learned, in his top quotes.
Paul Krugman says Elon Musk’s Tesla can never be a ‘profit machine’ like Apple, because there’s no scope for that in the car industry
Tesla is never going to rival Apple or Microsoft as a “profit machine”, according to Paul Krugman. It’s impossible to establish an unchallenged monopoly in the car industry, the Nobel Prize-winning economist said. Tesla CEO Elon Musk has also destroyed his “image of cool” in recent months, Krugman added. Loading Something is loading. Thanks for… Continue reading Paul Krugman says Elon Musk’s Tesla can never be a ‘profit machine’ like Apple, because there’s no scope for that in the car industry
Expect bitcoin to top $50,000 again within a few years, Anthony Scaramucci says – as crypto markets start 2023 with a bang
Bitcoin will trade between $50,000 and $100,000 in two to three years’ time, Anthony Scaramucci believes. Investors are piling back into crypto markets, with bitcoin jumping 26% and ethereum up 29% year-to-date. “You are taking on risk but you’re also believing in adoption,” Scaramucci told CNBC. Loading Something is loading. Thanks for signing up! Access… Continue reading Expect bitcoin to top $50,000 again within a few years, Anthony Scaramucci says – as crypto markets start 2023 with a bang
Wall Street has turned a blind eye to the potential for deflation over the next year – and it’s the one thing that could surprise investors in 2023
Deflation rather than inflation could be the biggest surprise for Wall Street over the next year. Inflation has been cooling since June, and Fundstrat’s Tom Lee noted that 59% of CPI components are now in deflation mode. “Many of the major headwinds are leaving, opening the door for much lower prices,” Carson Group’s Ryan Detrick… Continue reading Wall Street has turned a blind eye to the potential for deflation over the next year – and it’s the one thing that could surprise investors in 2023
Warren Buffett once counted World Book among his best businesses. Here’s why the publisher became his ‘most difficult problem.’
World Book, once one of Warren Buffett’s favorite businesses, became his “most difficult problem.” The encyclopedia maker, which Buffett bought in 1986, was disrupted by online learning tools. “It is not the business it was five years ago,” Buffett told investors in 1996. Loading Something is loading. Thanks for signing up! Access your favorite topics… Continue reading Warren Buffett once counted World Book among his best businesses. Here’s why the publisher became his ‘most difficult problem.’
Markets think the Fed is about to deliver a smaller rate hike, but here’s one big reason the central bank could stay aggressive on its next move
Investors are locking in expectations that the Fed will downshift its interest rate hike in February. Easing inflation is fueling a bullish view on a 25-basis-point move but shelter prices may still look sticky to policymakers. Market moves suggest the “iceberg of fear” around inflation is receding, one analyst said. Loading Something is loading. Thanks… Continue reading Markets think the Fed is about to deliver a smaller rate hike, but here’s one big reason the central bank could stay aggressive on its next move
Here’s how to invest in 2023 as 2 major risks threaten the US economy, according to an investment analyst
In an interview with Insider, eToro investment analyst Callie Cox highlighted the two biggest risks to monitor this year. They include the Fed’s ability to tame inflation and the potential for a steep economic downturn. She explained how investors can position themselves ahead of a potential US recession. Loading Something is loading. Thanks for signing… Continue reading Here’s how to invest in 2023 as 2 major risks threaten the US economy, according to an investment analyst
Warren Buffett plowed $5 billion into Bank of America during the debt-ceiling crisis of 2011. Here’s a look back at one of the most lucrative deals of his career.
Warren Buffett plowed $5 billion into Bank of America during the US debt-ceiling crisis in 2011. The famed investor and Berkshire Hathaway CEO had the idea to invest while taking a bath. Buffett’s Berkshire Hathaway counts Bank of America as its number-two holding after Apple. Loading Something is loading. Thanks for signing up! Access your… Continue reading Warren Buffett plowed $5 billion into Bank of America during the debt-ceiling crisis of 2011. Here’s a look back at one of the most lucrative deals of his career.
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