Tesla is the most profitable short trade of the year Tesla has tumbled more than 42 per cent in December through Wednesday’s close, driving it to a loss of 68 per cent this year. Photo by Chen Lin/Reuters files Investors betting against Tesla Inc. are getting the big bonanza they have been waiting for, with… Continue reading Tesla’s worst-ever year brings $17-billion windfall for shorts
Oil and gas stocks shine in miserable year for U.S. equities
Companies shunned when climate concerns reached Wall Street have made a stunning stock market comeback Author of the article: Financial Times Derek Brower in New York Published Dec 29, 2022 • 3 minute read Join the conversation Of the 25 performers in the benchmark S&P 500 index of stocks, as many as 15 will be… Continue reading Oil and gas stocks shine in miserable year for U.S. equities
23 investing and personal finance thoughts for what’s to come in ’23
Ted Rechtshaffen makes calls on inflation, interest rates, China, the war in Ukraine and where mortgage rates are likely headed Financial expert Ted Rechtshaffen has made 23 predictions for 2023 including calls on bitcoin, the loonie, where cannabis stocks are headed and the ongoing role in the new year of Russia’s war against Ukraine. Photo… Continue reading 23 investing and personal finance thoughts for what’s to come in ’23
‘Woke people have taken over’: Home Depot’s billionaire co-founder Bernie Marcus is worried about capitalism
93-year-old co-founder of the DIY chain laments the lack of risk-taking in today’s business world Author of the article: Financial Times Andrew Hill Published Dec 29, 2022 • 7 minute read 6 Comments Home Depot co-founder Bernie Marcus in 2007. Photo by Louie Favorite/Pool via Bloomberg News The list of potential obstacles to entrepreneurial success… Continue reading ‘Woke people have taken over’: Home Depot’s billionaire co-founder Bernie Marcus is worried about capitalism
More countries impose COVID rules on China travellers after almost half of the passengers on two flights test positive
Almost 37 million people were possibly infected in China on a single day last week Author of the article: Bloomberg News Bloomberg News Published Dec 29, 2022 • 3 minute read 5 Comments A passenger walks in to test for the COVID-19 coronavirus, on arrival at Anna International Airport in Chennai on Dec. 24, 2022.… Continue reading More countries impose COVID rules on China travellers after almost half of the passengers on two flights test positive
Stock Market Today: Stocks Lose Steam After Dismal Housing Data
Some early Wednesday gains sparked hope that markets might just get a Santa Claus rally after all. Any optimism was quickly dashed, however, as the major market indexes turned lower in light trading after the latest housing data fanned fears of a potential recession in the new year. Looking at the economic data, the… Continue reading Stock Market Today: Stocks Lose Steam After Dismal Housing Data
Inside the relationship between Sam Bankman-Fried’s FTX and Solana, the blockchain he championed whose token is down 96% from its highs
Sam Bankman-Fried was a big supporter of Solana, the layer-1 blockchain that bills itself as a faster alternative to Ethereum’s network. He backed projects on its ecosystem, and his firms amassed huge sums of the blockchain’s native token, also called Solana (SOL). The altcoin has crashed 96% from its record high in November 2021, wiping… Continue reading Inside the relationship between Sam Bankman-Fried’s FTX and Solana, the blockchain he championed whose token is down 96% from its highs
Investor sentiment is worse than it was at the depths of the Great Financial Crisis in 2008 – but that suggests a stock market bottom is near, Fundstrat says
Investor sentiment is worse than it was at the depths of the 2008 Great Financial Crisis, according to Fundstrat.But stock market conditions today are not as bad as they were in 2008, suggesting a bottom is near.”The key to 2023 will be to focus on … how things can change rather than … what has… Continue reading Investor sentiment is worse than it was at the depths of the Great Financial Crisis in 2008 – but that suggests a stock market bottom is near, Fundstrat says
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