Commentators have criticized Elon Musk’s bid to buy Twitter, but there’s a bull case for the takeover. Musk has built massively successful companies in the past, and he could bring his vision to the social platform, a Wall Street analyst said. Morningstar’s senior equity analyst broke down how Musk’s takeover could give Twitter a boost.… Continue reading Elon Musk wants to add Twitter to his empire that includes a $1 trillion company and multibillion-dollar startups. A top analyst breaks down 4 ways Tesla’s CEO could revamp the platform into his latest visionary brand
Warren Buffett’s Berkshire Hathaway could invest $33 billion in under 18 months thanks to its flurry of stock purchases and deals
Warren Buffett’s Berkshire Hathaway could invest over $33 billion in under 18 months. Berkshire recently invested in Occidental Petroleum and HP, and struck a deal to acquire Alleghany. Buffett’s company could also raise its ownership of its energy unit and Pilot Flying J. Loading Something is loading. Warren Buffett’s Berkshire Hathaway is on track to… Continue reading Warren Buffett’s Berkshire Hathaway could invest $33 billion in under 18 months thanks to its flurry of stock purchases and deals
A Moscow broker explains what’s happening in Russia’s chaotic markets, where vultures are scavenging for profit and the Kremlin is propping up stocks and the ruble
A strange calm seems to have settled over Russian markets. But scratch under the surface, and almost everything has changed. The government is propping up the ruble and holding together Moscow’s stock market, with foreign investors all but barred. Iskander Lutsko, of Moscow broker ITI Capital, tells Insider what’s going on in the “completely artificial”… Continue reading A Moscow broker explains what’s happening in Russia’s chaotic markets, where vultures are scavenging for profit and the Kremlin is propping up stocks and the ruble
A top crypto fund shares the 3 risks associated with ethereum’s upcoming merge — and explains why there isn’t a definite date for the upgrade
Ethereum’s long-anticipated “merge” is slated for Q3 this year, but there’s no set date for its launch. Bitwise’s Matt Hougan said further delays can’t be ruled out, and the migration to a proof-of-stake algorithm may not be bug-free. Ethereum developers aren’t sure when exactly the merge will take place because it’s a technically challenging process,… Continue reading A top crypto fund shares the 3 risks associated with ethereum’s upcoming merge — and explains why there isn’t a definite date for the upgrade
Dow Jones plunges nearly 1,000 points and notches the fourth-straight losing week lower as investors brace for swift interest rate hikes from the Fed
US stocks plunged on Friday with the Dow notching its fourth straight losing week as investors brace for swift interest rate hikes.”I would say 50 basis points will be on the table for the May meeting,” Fed chief Jerome Powell said at an IMF debate on Thursday.While the Fed attempts to tame inflation, first-quarter results… Continue reading Dow Jones plunges nearly 1,000 points and notches the fourth-straight losing week lower as investors brace for swift interest rate hikes from the Fed
History says now is the time to buy stocks with inflation past its peak, according to a Wall Street chief strategist
Now is the time to buy stocks as inflation begins to roll over, according to James Paulsen of The Leuthold Group.He cited the decline in freight rates, steadying wage inflation, and sideways commodity prices since March as reasons to believe inflation may have peaked.”We think a decline [in CPI] to under 6% (and perhaps closer… Continue reading History says now is the time to buy stocks with inflation past its peak, according to a Wall Street chief strategist
The dollar’s reserve status has taken a hit in recent years, while China’s yuan has seen its share rise, JPMorgan finds
The US dollar’s share of global currency reserves has dipped to its lowest level on record, JPMorgan analysts found. The decline has accelerated in recent years, while China’s yuan accounts for a greater share of reserves. Sanctions against Russia could exacerbate the trend of diversified currency holdings, JPMorgan said. Loading Something is loading. The US… Continue reading The dollar’s reserve status has taken a hit in recent years, while China’s yuan has seen its share rise, JPMorgan finds
Binance CEO says the crypto exchange seized $5.8 million from a North Korean network behind a recent $620 million Axie Infinity hack
Crypto exchange Binance has recovered about $6 million stolen in March from Axie Infinity’s Ronin Network. Binance CEO Changpeng Zhao said part of the funds from the Axie hack made it into 86 accounts. The FBI said a North Korean-backed group was behind the $620 million crypto heist. Loading Something is loading. Binance, the world’s… Continue reading Binance CEO says the crypto exchange seized $5.8 million from a North Korean network behind a recent $620 million Axie Infinity hack
Recent Post
