Markets

Brian Evans Aly Song/Reuters US stocks traded higher on Wednesday as investors weighed China reopening the country’s borders.  Rising Covid-19 infections underscored the prospect of China exiting lockdown.  Visitors will no longer have to quarantine beginning January 8.  Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while… Continue reading US stocks edge higher as investors weigh China’s COVID surge and reopening of its borders

Tesla stock has a long road to recovery after it dropped 69% in 2022 in its worst year on record.There are four catalysts that could jumpstart a rally in Tesla stock, according to Wedbush analyst Dan Ives.”Tesla still has potentially $5-$6 of earnings power in 2023 and should still approach 40%+ delivery growth,” Ives said.… Continue reading Tesla will not find its bottom and rally after a 69% sell-off until these 4 things happen, according to Wedbush

Crypto investor Calvin Tsai told Fox Business he lost $1.3 million during the FTX collapse.  He said he has nearly zero hope of recovering his FTX funds. But Tsai remains bullish on crypto and said the downtrodden market offers a buying opportunity. Loading Something is loading. Thanks for signing up! Access your favorite topics in… Continue reading This FTX user lost access to $1.3 million and is writing off his investment to zero – but insists he remains ‘quite bullish’ on crypto

Paul Krugman compared Tesla to bitcoin, saying hype and faith underpin both assets’ prices. The Nobel Prize-winning economist argued Tesla lacks the networks effects of Apple and Microsoft. Krugman took aim at Elon Musk, joking he wouldn’t trust the controversial Tesla CEO to feed his cat. Loading Something is loading. Thanks for signing up! Access… Continue reading Nobel laureate Paul Krugman compares Tesla to bitcoin — and says he wouldn’t trust Elon Musk to feed his cat

Markets had a wild ride this year, with volatile swings punctuated by moments of sheer absurdity.  A college kid earning millions on Bed Bath & Beyond, and a Kardashian’s run-in with the SEC were only some of the highlights.  Here are seven of the wildest, most absurd, and shocking moments from markets in 2022.  Loading… Continue reading From the college kid who made millions on a meme stock to Kim Kardashian’s crypto misadventures, here are 7 of the craziest stories from markets in 2022

Disgraced FTX founder Sam Bankman-Fried took funds from his trading firm, Alameda Research, to buy Robinhood stock, court documents shows. Later, Alameda took out a loan and pledged those same shares as collateral, CoinDesk reported. SBF and FTX cofounder Gary Wang together borrowed over $546 million in promissory notes from Alameda in April and May.… Continue reading FTX’s Sam Bankman-Fried bought Robinhood stock using hundreds of millions of dollars from his trading firm Alameda Research

This software developer has been investing in crypto for two years, and planned to use the FTX funds for his three childrens’ college education.  He had roughly five bitcoin on his account, as well as a smaller position in Avalanche, which added up to about $120,000 based on November prices.  “A good chunk of my… Continue reading This 48-year-old FTX user who lost access to $120,000 plans to diversify into real estate and luxury collectibles – but hasn’t lost faith in crypto

Sam Bankman-Fried’s stint at a prison in the Bahamas reportedly included vegan meals.The Fox Hill prison located in Nassau typically serves grits and sardines for breakfast, and rice and beef for lunch.Bankman-Fried avoided those meals and was instead fed toast and jam and stewed vegetables. Loading Something is loading. Thanks for signing up! Access your… Continue reading Sam Bankman-Fried reportedly avoided the typical sardine breakfast in Bahamas ‘Fox Hell’ prison in favor of toast and jam