Attention has shifted from interest rates and inflation to earnings growth and a looming recession. Morgan Stanley cautions investors against assuming that markets have priced in the bottom. But the firm still sees opportunity in the stock market, as reflected by its revamped fresh-money buy list, which contains nine stocks. The Federal Reserve’s moment of… Continue reading Morgan Stanley just revamped a 9-stock list that’s beaten the S&P 500 by 18% over time. Here’s what’s on it — and how much further each one has to run.
Warren Buffett’s luck changed this year, allowing him to spend a record sum on stocks and end his deal drought. Here are his 6 highlights of 2022.
Theron Mohamed Warren Buffett. Getty Images / Matthew Peyton Warren Buffett spent a record sum on stocks and made a major acquisition in 2022. The Berkshire Hathaway CEO tore into bitcoin, adjusted some overseas bets, and gave a surprise gift. Here are the investing icon’s 6 highlights of 2022. Loading Something is loading. Thanks for… Continue reading Warren Buffett’s luck changed this year, allowing him to spend a record sum on stocks and end his deal drought. Here are his 6 highlights of 2022.
Drivers could see gas prices surge to nearly $7 a gallon in some US states as refinery issues bite supply and Chinese demand bounces back, GasBuddy says
Gas prices could surge toward $7 a gallon in some US states in 2023, according to GasBuddy. Cold snaps across the US and revived energy demand from China are the two key factors that could push up prices. “2023 is not going to be a cakewalk for motorists. It could be expensive,” said Patrick De… Continue reading Drivers could see gas prices surge to nearly $7 a gallon in some US states as refinery issues bite supply and Chinese demand bounces back, GasBuddy says
US stocks finish 2022 with another loss, ending the year down 20% in their worst performance since 2008
Matthew Fox Drew Angerer/Getty Images US stocks fell on the last trading day of 2022, ending what has been a tough year for investors.The S&P 500 closed out its worst year since 2008, falling 20%.Meanwhile, the Dow Jones Industrial Average lost 9% in 2022, and the tech-heavy Nasdaq tumbled 33%. Loading Something is loading. Thanks… Continue reading US stocks finish 2022 with another loss, ending the year down 20% in their worst performance since 2008
Sam Bankman-Fried denies moving funds out of crypto wallets following reports Alameda transferred tokens
Sam Bankman-Fried denied moving funds out of wallets associated with Alameda Research. “None of these are me. I’m not and couldn’t be moving any of those funds; I don’t have access to them anymore.” Cointelegraph said wallets associated with Alameda transferred funds just days after he was released on a $250 million bond, raising suspicions… Continue reading Sam Bankman-Fried denies moving funds out of crypto wallets following reports Alameda transferred tokens
FTX users who are owed $1.9 billion want their names to stay redacted from the embattled exchange’s bankruptcy filings
A group of FTX.com customers want their identities to be kept secret during the crypto exchange’s bankruptcy process. The users, who claim to be owed $1.9 billion, asked for a court order to keep their names shielded from the public. Companies in bankruptcy usually disclose the names and amounts of debt held by creditors. Loading… Continue reading FTX users who are owed $1.9 billion want their names to stay redacted from the embattled exchange’s bankruptcy filings
Sam Bankman-Fried met with top aides to President Joe Biden at least 4 times this year, including 2 months before FTX’s collapse, report says
Sam Bankman-Fried met with senior advisers to President Biden at least four times this year. Most recently, Bankman-Fried met with Steve Ricchetti, counselor to the president, on September 8, sources told Bloomberg. The meetings focused on general crypto matters, the report said. Loading Something is loading. Thanks for signing up! Access your favorite topics in… Continue reading Sam Bankman-Fried met with top aides to President Joe Biden at least 4 times this year, including 2 months before FTX’s collapse, report says
Cathie Wood’s Ark Invest scoops up $5.5 million of Coinbase stock as crypto market turmoil weighs on the exchange
Cathie Wood’s Ark Invest purchased $5.5 million worth of Coinbase shares this week. The famed money manager now holds $47 million worth of the company’s stock in its Ark Fintech Innovation ETF. ARKF is down 68% year-to-date, and Coinbase is down 86%. Loading Something is loading. Thanks for signing up! Access your favorite topics in… Continue reading Cathie Wood’s Ark Invest scoops up $5.5 million of Coinbase stock as crypto market turmoil weighs on the exchange
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