Markets

Tesla is valued about eight times more than Ford and General Motors, even though it makes far fewer cars. Greenwich Capital CIO Vahan Janjigian told CNBC that Tesla would plummet if it’s valued like a traditional automaker. Tesla saw its worst annual decline on record in 2022, falling more than 60% as investors grew weary… Continue reading Tesla could still fall more than 60% if it’s valued as a traditional automaker like Ford or General Motors, CIO says

North Korea’s infamous Lazarus Group is mimicking venture capital firms and banks to steal cryptocurrencies, according to Kaspersky. The state-sponsored cybercrime group is creating domains that present themselves as well-known Japanese, US and Vietnamese companies. Lazarus was behind the $625 million Axie Infinity hack in April. Loading Something is loading. Thanks for signing up! Access your… Continue reading North Korean hackers are posing as VC firms to steal crypto – and a blockchain expert says 2023 could bring more cyberattacks than ever

Warren Buffett trashed bitcoin, praised Elon Musk and Jeff Bezos, and decried stock-market gambling. The famed investor discussed inflation and retirement, and blasted deceptive earnings adjustments. Here are Buffett’s 10 best quotes of 2022. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go.… Continue reading Warren Buffett called out stock-market gamblers, savaged bitcoin, and praised Elon Musk and Jeff Bezos last year. Here are his 10 best quotes of 2022.

Michael Burry said he expects the US to slump into recession in 2023 and inflation to spike again. The “Big Short” investor predicted inflation would decline overall in 2023 as the economy weakened. The Fed and US government would respond with stimulatory policy, causing inflation to jump again, he said. Loading Something is loading. Thanks… Continue reading ‘Big Short’ investor Michael Burry predicts a US recession and inflation spike in 2023

Tesla stock is down more than 65% in 2022, but longtime bull Adam Jonas of Morgan Stanley isn’t giving up. Despite recently trimming his price target, Jonas still sees 122% upside for Tesla shares. He thinks Tesla will extend its lead in the electric-vehicle space next year, and also benefit from the Inflation Reduction Act.… Continue reading Wall Street’s biggest Tesla bull still sees the stock rebounding 122% from current levels – and doesn’t blame Musk’s Twitter dalliance for a brutal December sell-off

Warren Buffett’s annual salary has been $100,000 for more than 40 years. Berkshire Hathaway spends triple that amount on his security each year. Buffett lives modestly despite owning about $100 billion of Berkshire stock. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go.… Continue reading Warren Buffett’s salary has been $100,000 a year for over 4 decades. Take a look at the billionaire investor’s unique compensation.

Jeremy Grantham flagged a “superbubble” in asset prices and warned of an epic market crash last year. The GMO cofounder and market historian also panned bitcoin and predicted a global housing slump. Here are Grantham’s 8 best quotes of 2022. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized… Continue reading Legendary investor Jeremy Grantham flagged a ‘superbubble’ in asset prices and predicted a historic market crash. Here are his 8 best quotes of 2022.

Prices for commodities like oil, natural gas and wheat soared after Russia invaded Ukraine in February. The euro fell below parity with the dollar as markets fretted the war would trigger an economic crisis. These 5 charts show the market chaos sparked by Russia’s invasion may finally be coming to an end. Loading Something is… Continue reading The market chaos sparked by Russia’s invasion of Ukraine may finally be over, according to these 5 charts