Jeff Greene told the story of his lucrative wager against the mid-2000s housing bubble to Insider. John Paulson told Greene about his iconic trade, which “Big Short” investor Michael Burry also made. The real-estate billionaire shared how he’s protecting his wealth against a potential downturn. Loading Something is loading. Thanks for signing up! Access your… Continue reading Real-estate tycoon Jeff Greene made $800 million shorting the last housing bubble. He explains how John Paulson inspired the contrarian bet, and how he’s protecting his wealth today.
Commercial real estate has a rough road ahead as lending dries up, Wall Street CEO says
Commercial real estate faces higher borrowing costs and tighter lending, Howard Lutnick said. The BGC Partners CEO warned those factors may spell trouble for the embattled industry. He told CNBC that US stocks will also be weighed down slightly. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed… Continue reading Commercial real estate has a rough road ahead as lending dries up, Wall Street CEO says
Stock Market Today: Small-Cap Stocks Lead in Low-Volume Session
It was another low-volume session for most stocks Tuesday, with many investors in wait-and-see mode ahead of next week’s Fed meeting. Still, there was plenty of action to be seen elsewhere, including a major rally in small-cap stocks and continued upheaval in the cryptocurrency space. On the heels of Monday’s headlines that the Securities and… Continue reading Stock Market Today: Small-Cap Stocks Lead in Low-Volume Session
SEC Sues Coinbase and Binance, World’s Two Largest Cryptocurrency Exchanges
Leading cryptocurrency exchanges Coinbase and Binance are no strangers to controversy, as they tower over the battered crypto sector. Coinbase leadership was recently accused of insider-trading $1 billion of company stock, according to Bloomberg News, on top of the company’s previous receipt of an SEC “Wells Notice” for potential securities law violations, as reported by… Continue reading SEC Sues Coinbase and Binance, World’s Two Largest Cryptocurrency Exchanges
The US will face a mild recession, but the risk of a ‘hard landing’ is currently low, Bank of America’s chief economist says
The US economy is currently resilient but will face a mild recession, Bank of America’s Michael Gapen said. The bank’s chief economist said a labor-market correction is needed for inflation to decline to the Fed’s 2% target. “Unless bank stress gets worse and a credit crunch is revealed, it’s harder to see where that hard… Continue reading The US will face a mild recession, but the risk of a ‘hard landing’ is currently low, Bank of America’s chief economist says
China stretched its gold-buying spree into the 7th straight month in May, signaling more central bank de-dollarization
China extended a gold-buying streak through May, adding an additional 16 tons. It’s not alone in boosting its gold holdings, as central banks shed dollar reserves. China’s foreign currency holdings fell in May to $3.18 trillion. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on… Continue reading China stretched its gold-buying spree into the 7th straight month in May, signaling more central bank de-dollarization
The stock market could surge 14% as companies adopt AI to boost productivity and profits, Goldman Sachs says
The stock market could see significant upside as more companies adopt artificial intelligence, according to Goldman Sachs.The proliferate of AI technologies should help productivity and profits rise, the bank said.”We estimate the benefit to S&P 500 fair value could be as small at +5% and as large as +14%,” Goldman said. Loading Something is loading.… Continue reading The stock market could surge 14% as companies adopt AI to boost productivity and profits, Goldman Sachs says
Apple could be a $4 trillion company by the end of 2025 as the tech giant is ‘playing chess while others play checkers,’ Wedbush says
Apple could be valued at $4 trillion by the end of 2025, Wedbush estimated. That’s due to key developments, like its next iPhone cycle and the new Vision Pro headset. It’s a sign Apple is “playing chess” while others in the industry are playing checkers, the research firm said. Loading Something is loading. Thanks for… Continue reading Apple could be a $4 trillion company by the end of 2025 as the tech giant is ‘playing chess while others play checkers,’ Wedbush says
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