On Tuesday, Tesla lost $126 billion in value after its CEO, Elon Musk, clinched a deal to buy Twitter. Investors fear that Musk may sell some of his Tesla stock to fund his Twitter takeover. Musk’s personal stake in Tesla has fallen by $40 billion in value this month. Loading Something is loading. Tesla’s stock… Continue reading Tesla’s stock plunged $126 billion the day after Elon Musk struck a deal to buy Twitter for $44 billion
Michael Saylor calls bitcoin the ‘perfect asset’ for retirement accounts and safer than bonds as Fidelity moves to let investors put the crypto in their 401(k)
MicroStrategy CEO Michael Saylor told CNBC on Tuesday bitcoin is is the “perfect” asset for retirement plans. Saylor made his comments as Fidelity on Tuesday became the first major retirement company set to include bitcoin as an option for 401 (k) plans. MicroStrategy is working with Fidelity to incorporate bitcoin into its 401 (k) program. … Continue reading Michael Saylor calls bitcoin the ‘perfect asset’ for retirement accounts and safer than bonds as Fidelity moves to let investors put the crypto in their 401(k)
Nasdaq sinks 4% to lowest since Dec. 2020 ahead of key tech earnings and as investors weigh threat of a global economic slowdown
The Nasdaq plunged 4% Tuesday as investors looked ahead to key after-hours tech earnings. The three major indexes are all on track for losing months, with the Nasdaq more than 20% of its high. Morgan Stanley’s Mike Wilson predicted that the S&P 500 will enter a bear market within weeks. Loading Something is loading. US… Continue reading Nasdaq sinks 4% to lowest since Dec. 2020 ahead of key tech earnings and as investors weigh threat of a global economic slowdown
GE falls to 17-month low after earnings reveal inflation and supply-chain challenges are weighing on industrial giant’s profit outlook
GE stock slid 13% on Tuesday after the industrial conglomerate issued weak profit guidance. The company said inflationary and supply-chain issues were weighing on its 2022 outlook. GE sees its full-year profit at the low end of its $2.80-$3.50 forecast range. Loading Something is loading. General Electric shares tumbled more than 10% on Tuesday,… Continue reading GE falls to 17-month low after earnings reveal inflation and supply-chain challenges are weighing on industrial giant’s profit outlook
Russia halts gas shipments to Poland, signaling escalation against EU, report says
Polish news site Onet.Pl said Tuesday that Russia stopped gas shipments to Poland. The move signals escalation as the Kremlin looks to retaliate against EU sanctions. Russian President Vladimir Putin previously threatened to cut off countries not paying for gas in rubles. Loading Something is loading. Russia cut off natural gas supplies to Poland, government… Continue reading Russia halts gas shipments to Poland, signaling escalation against EU, report says
Netflix and Meta stocks have seen their gains from the last 5 years nearly wiped out as they struggle with lofty growth forecasts — and Fed tightening is adding to the pain
Netflix and Meta shares have seen their gains from the last five years nearly wiped out. Netflix so far in 2022 has been crashed 66% and Meta has fallen about 45%. Disappointing figures on users and rising interest rates have hurt high-growth tech stocks. Loading Something is loading. This year’s rout in Netflix and Meta… Continue reading Netflix and Meta stocks have seen their gains from the last 5 years nearly wiped out as they struggle with lofty growth forecasts — and Fed tightening is adding to the pain
It’s time to buy REITS to hedge against inflation, even though the real estate sector has struggled so far this year, says investment research firm
CFRA raised its rating on the S&P 500 Real Estate sector to marketweight from underweight on Friday. The investment research firm said REITs are a strong hedge against inflation, which has kicked up to a 41-year-high of 8.5%. The sector has declined this year with investors concerned about a potential recession. Loading Something is loading.… Continue reading It’s time to buy REITS to hedge against inflation, even though the real estate sector has struggled so far this year, says investment research firm
Lumber prices will continue to rebound into summer after reclaiming the $1,000 level as seasonal demand ramps up, industry executive says
Lumber prices crossed back above the $1,000 level on Thursday as seasonal demand begins to pick up.Wholesale and retail lumber inventories have been conservative in recent months, according to one lumber industry executive.”Heading into what is the typical seasonal strength of the lumber market, a substantial buying round is currently upon us,” Sherwood Lumber’s Kyle… Continue reading Lumber prices will continue to rebound into summer after reclaiming the $1,000 level as seasonal demand ramps up, industry executive says
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