I asked ChatGPT questions about markets and showed the answers to Morningstar Investment Management CIO Dan Kemp. He called some of its knowledge “remarkable” – but isn’t worried it’ll put top strategists out of their jobs anytime soon. “It provides answers, but it doesn’t ask questions like a good investment manager,” Kemp said. Loading Something… Continue reading I asked ChatGPT investors’ burning questions – and a CIO told me why the bot won’t be challenging Wall Street’s top stock-pickers anytime soon
Elon Musk says these shareholder advisors ‘effectively control the stock market’ and have too much power
Elon Musk said proxy advisory firms ISS and Glass Lewis have too much influence. “ISS and Glass Lewis effectively control the stock market,” he tweeted late Monday. Musk added that many investors hold stocks in passive index funds, meaning shareholder voting decisions are “outsourced” to the advisories. Loading Something is loading. Thanks for signing up!… Continue reading Elon Musk says these shareholder advisors ‘effectively control the stock market’ and have too much power
Alameda Research and Genesis’ multi-billion dollar relationship reportedly began years ago with Sam Bankman-Fried asleep in a beanbag chair at their first meeting
Alameda Research and Genesis reportedly kicked off their relationship at a meeting in 2018. Genesis doled out hundreds of millions of dollars in unsecured loans to Alameda, the Wall Street Journal reported. At the peak, Alameda had $6.5 billion from Genesis through loans that were only 50% secured, sources told the WSJ. Loading Something is… Continue reading Alameda Research and Genesis’ multi-billion dollar relationship reportedly began years ago with Sam Bankman-Fried asleep in a beanbag chair at their first meeting
What is wash trading, the fraudulent practice that some experts say accounts for 70% of transactions on crypto exchanges?
Wash trading accounts for 70% of trades on some crypto exchanges, a study found. The practice of firms trading with themselves to boost prices artificially may lure inexperienced investors. Three experts dive into the practice and what it means for the crypto market. Loading Something is loading. Thanks for signing up! Access your favorite topics… Continue reading What is wash trading, the fraudulent practice that some experts say accounts for 70% of transactions on crypto exchanges?
Recession is imminent, the market believes — but Jeremy Siegel, Ed Yardeni, Tom Lee and other top analysts still see gains ahead for stocks. Here’s why, and what they’re saying.
Stocks are poised to see some upside this year despite recession fears, according to some market pundits. Cooling inflation, China’s reopening and low unemployment are among factors supporting such optimism. Here’s what 6 market experts, including Jeremy Siegel and Ed Yardeni, have said about a stock market rally playing out this year. Loading Something is… Continue reading Recession is imminent, the market believes — but Jeremy Siegel, Ed Yardeni, Tom Lee and other top analysts still see gains ahead for stocks. Here’s why, and what they’re saying.
Wharton Professor Jeremy Siegel says the Fed needs to end its aggressive inflation-fighting policy and stop hiking rates now
The Fed needs to stop its aggressive inflation-fighting policy now, according to Wharton Professor Jeremy Siegel. The top economist said the CPI had an “upwards bias” due to lagging indicators. Siegel has urged central bankers to stop aggressively hiking rates in order to avoid a recession. Loading Something is loading. Thanks for signing up! Access… Continue reading Wharton Professor Jeremy Siegel says the Fed needs to end its aggressive inflation-fighting policy and stop hiking rates now
Putin faces a tough 2023 for Russian oil as the West’s ban and price cap take hold. These 3 experts assess whether the measures will work — and what it means for crude prices.
Oil markets may face headwinds in 2023 as fresh Western sanctions and a price cap on Russian oil come into effect. Analysts expect a slump in Russian crude output to squeeze global supplies, putting upward pressure on oil prices. Demand from China is expected to pick up as zero-COVID restrictions ease, adding to the tightness… Continue reading Putin faces a tough 2023 for Russian oil as the West’s ban and price cap take hold. These 3 experts assess whether the measures will work — and what it means for crude prices.
Crypto will ignite the next financial crisis if it’s not banned — just look at the FTX fiasco, India’s central bank boss says
FTX’s bankruptcy filing shows that crypto is a threat to the global financial system, according to Reserve Bank of India governor Shaktikanta Das. Das called for a full ban of the “100% speculative” asset class. “Mark my words, the next financial crisis will come from private cryptocurrencies,” he added. Loading Something is loading. Thanks for… Continue reading Crypto will ignite the next financial crisis if it’s not banned — just look at the FTX fiasco, India’s central bank boss says
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