Ark Invest’s Cathie Wood touted disruptive businesses and defended her valuation methods. Billionaire investors Dan Loeb and Cliff Asness ridiculed her comments on Twitter. Ark’s holdings have plunged as Inflation, interest-rate hikes, and recession fears spook markets. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re… Continue reading Billionaire investors Dan Loeb and Cliff Asness tear into Cathie Wood after the Ark chief defends her valuation methods
The ‘inflation gorilla’ is out of its cage and it isn’t coming back down to the Fed’s 2% target anytime soon, portfolio manager says
The Fed has let the “inflation gorilla” out of the cage, JPMorgan Asset Management portfolio manager William Eigen said. Eigen warned that prices won’t come down to the Fed’s 2% target anytime soon, and the Fed will likely keep rates high. Rate cuts are unlikely after central bankers mistakenly called inflation “transitory”, he said. Loading… Continue reading The ‘inflation gorilla’ is out of its cage and it isn’t coming back down to the Fed’s 2% target anytime soon, portfolio manager says
CarMax plunges 16% as ‘vehicle affordability challenges’ drive 3rd-quarter earnings and revenue miss
CarMax shares sharply fell Thursday as the used-car retailer missed third-quarter expectations. Customers are facing “vehicle affordability challenges” with high inflation and interest rates. Per-share earnings of $0.24 were short of consensus views for $0.70 a share. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re… Continue reading CarMax plunges 16% as ‘vehicle affordability challenges’ drive 3rd-quarter earnings and revenue miss
Billionaire investor Bill Gross warns of chaos ahead for US housing and bond markets if the Fed keeps pushing up interest rates
The Federal Reserve’s rate-hiking campaign could plunge markets into crisis next year, according to Bill Gross. “We’ve got potential chaos in financial markets,” the billionaire investor said Tuesday. The housing and bond markets look particularly vulnerable, Gross added. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while… Continue reading Billionaire investor Bill Gross warns of chaos ahead for US housing and bond markets if the Fed keeps pushing up interest rates
Disney stock has plunged 45% this year, putting it on track for its worst performance in nearly 5 decades
Disney stock is down 45% this year and on track for its worst annual performance since 1974. The shares have been hit by pandemic disruptions, management issues, and the wider market downturn. The media giant’s shares are trading close to an eight-year low. Loading Something is loading. Thanks for signing up! Access your favorite topics… Continue reading Disney stock has plunged 45% this year, putting it on track for its worst performance in nearly 5 decades
Mark Cuban says last year’s crypto boom was ‘99% noise’ – and Sam Bankman-Fried’s arrest could pop the bubble
Mark Cuban said there’s still some underlying value in crypto despite the ongoing sell-off. “99% of it was noise but there’s real value there,” he told ‘The Problem with Jon Stewart’ Monday. Cuban added that Sam Bankman-Fried’s arrest on fraud charges will force crypto to “get its act together”. Loading Something is loading. Thanks for… Continue reading Mark Cuban says last year’s crypto boom was ‘99% noise’ – and Sam Bankman-Fried’s arrest could pop the bubble
The US housing market faces a ‘triple whammy’ of threats – and stocks may stage a Santa Claus rally, a top strategist says
The US housing market has been hit by labor shortages, rising costs, and soaring mortgage rates. Brian Jacobsen, an Allspring strategist, described those three trends as a “triple whammy.” Signs of fading inflation this week could spark a Santa Claus rally for stocks, he said. Loading Something is loading. Thanks for signing up! Access your… Continue reading The US housing market faces a ‘triple whammy’ of threats – and stocks may stage a Santa Claus rally, a top strategist says
Tesla shares rise almost 5% as a Twitter poll shows people want Elon Musk to step down as the platform’s CEO
Tesla rose in premarket Monday, after Twitter users voted for Elon Musk to stand down as the platform’s CEO. Tesla shareholders believe Twitter has become a distraction for Musk, who’s also CEO of the EV maker. Tesla shares have plummeted 30% since Musk completed his Twitter takeover in October. Loading Something is loading. Thanks for… Continue reading Tesla shares rise almost 5% as a Twitter poll shows people want Elon Musk to step down as the platform’s CEO
Recent Post
