Michael Burry disclosed he isn’t short Tesla, but said he should be betting against the automaker. The “Big Short” investor has repeatedly blasted Elon Musk and his electric-vehicle company. Burry held bearish put options against Tesla stock in the first six months of 2021. Loading Something is loading. Michael Burry revealed he’s not betting against… Continue reading ‘Big Short’ investor Michael Burry reveals he isn’t betting against Tesla right now – but says he should be
Mortgage applications rise for the first time in 6 weeks as buyers hurry into the housing market before the Fed’s next rate hike
Weekly applications for mortgages rose for the first time in more than a month, the Mortgage Bankers Association said Wednesday. Applications rose 3.8% last week after plunging 29% in the prior week. Mortgage demand rose as people prepared for the Federal Reserve’s next rate hike. Loading Something is loading. Weekly applications for mortgages stepped higher… Continue reading Mortgage applications rise for the first time in 6 weeks as buyers hurry into the housing market before the Fed’s next rate hike
The Fed will save the stock market and cut interest rates if a deep recession occurs next year, JPMorgan says
The Federal Reserve could be forced to cut interest rates in 2023 if a deep recession occurs, according to JPMorgan.The move would be an about-face by the Fed, considering it has aggressively raised rates in 2022.Potential rate cuts from the Fed would help backstop the stock market in the event of a precipitous decline, JPMorgan’s… Continue reading The Fed will save the stock market and cut interest rates if a deep recession occurs next year, JPMorgan says
Europe’s energy crisis is close to costing the EU and UK governments $500 billion
Europe’s energy crisis is close to costing 500 billion euros, as nations scramble to shield citizens from a harsh winter. EU governments are shelling out 314 billion euros, while the UK has earmarked 178 billion euros, according to the think tank Bruegel. Germany has allocated 100.2 billion euros, France 53.6 billion euros, and and Italy… Continue reading Europe’s energy crisis is close to costing the EU and UK governments $500 billion
Provenance Blockchain Foundation Appoints Ira Miller as Vice President of Engineering
Engineering Veteran with Previous Senior Roles at Figure and SRI International Brings Significant Blockchain Engineering Expertise to Provenance Blockchain Foundation , /PRNewswire/ — Provenance Blockchain Foundation, an organization focused on enabling financial services firms to reimagine how their businesses operate, is delighted to welcome Ira Miller as Vice President of Engineering. In this role, Miller… Continue reading Provenance Blockchain Foundation Appoints Ira Miller as Vice President of Engineering
Michael Saylor’s MicroStrategy buys the dip with fresh $6 million bitcoin purchase, adding to its crypto stockpile
MicroStrategy said it bought roughly $6 million in bitcoin between August 2 and September 19. Michael Saylor’s firm bought the 301 bitcoin tokens for an average price of about $19,851. The company holds more than 130,000 bitcoins, acquired for a total price of about $3.98 billion. Loading Something is loading. MicroStrategy, helmed by famed bitcoin-bull… Continue reading Michael Saylor’s MicroStrategy buys the dip with fresh $6 million bitcoin purchase, adding to its crypto stockpile
The IPO drought is about to break with Porsche set to raise $9.4 billion in its public debut
Luxury car maker Porsche is set to go public in Europe later this month at a valuation of up to $75 billion.Parent-company Volkswagen is selling part of its stake in the company and could raise nearly $10 billion from the sale.The debut of Porsche will help break a nearly year-long drought in the IPO market… Continue reading The IPO drought is about to break with Porsche set to raise $9.4 billion in its public debut
Sam Bankman-Fried’s Alameda will repay $200 million in bitcoin and ether to bankrupt lender Voyager – after the crypto crash halved the dollar value
Sam Bankman-Fried’s Alameda plans to give crypto worth $200 million to Voyager to pay off a loan. The loan was worth $377 million before the crypto slump, which helped push lender Voyager into bankruptcy. Alameda agreed to make the payment in bitcoin, ether and seven smaller cryptos by the end of September. Loading Something is… Continue reading Sam Bankman-Fried’s Alameda will repay $200 million in bitcoin and ether to bankrupt lender Voyager – after the crypto crash halved the dollar value
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