Disgraced FTX co-founder Sam Bankman-Fried (now known to some as Scam Bankrun Fraud) is a son of professors. Both of his parents teach at Stanford University law school. Other highly successful people (remember that SBF was successful on the way up) who aren’t accused of stealing billions of dollars also are faculty brats. Harvard professor… Continue reading Bankman-Fried May Suffer from Faculty-Brat Syndrome
Costco, Anheuser-Busch Make Morningstar Consumer-Stock List
With the S&P 500 having dropped 19% this year, now might be a good time to consider buying some stocks. Morningstar has put together a list of what it sees the best stocks to own in various sectors. We’re focusing this story on the consumer-defensive sector. So how does Morningstar define “best stocks”? It’s companies… Continue reading Costco, Anheuser-Busch Make Morningstar Consumer-Stock List
Three investing lessons from Billions that could help save you a million headaches
Martin Pelletier: Ego, envy and anger are among investors’ worst enemies Actors Damian Lewis and Paul Giamatti of the financial-sector TV drama Billions. They are bad actors in the investing behaviour department, writes FP columnist Martin Pelletier. Photo by Handout /Showtime I finally got around to watching the infamous television series Billions, making it as… Continue reading Three investing lessons from Billions that could help save you a million headaches
Mortgage defaults and foreclosures on the rise as interest rates climb
Even higher rates could cause further troubles for rate-sensitive housing market Published Dec 18, 2022 • Last updated 1 day ago • 2 minute read 15 Comments Mortgage brokers are beginning to see more instances of default on privately financed loans. Photo by Getty Images Mortgage brokers are beginning to see more instances of default on… Continue reading Mortgage defaults and foreclosures on the rise as interest rates climb
Canada’s housing market falls deeper into correction with prices down 11.5% from peak
Prices down for ninth straight month in November Author of the article: Bloomberg News Ari Altstedter Published Dec 15, 2022 • 2 minute read Join the conversation The benchmark price for a home fell 1.4 per cent on a seasonally-adjusted basis to $744,000 in November, the Canadian Real Estate Association said Thursday. Photo by Postmedia… Continue reading Canada’s housing market falls deeper into correction with prices down 11.5% from peak
Tesla shares rise almost 5% as a Twitter poll shows people want Elon Musk to step down as the platform’s CEO
Tesla rose in premarket Monday, after Twitter users voted for Elon Musk to stand down as the platform’s CEO. Tesla shareholders believe Twitter has become a distraction for Musk, who’s also CEO of the EV maker. Tesla shares have plummeted 30% since Musk completed his Twitter takeover in October. Loading Something is loading. Thanks for… Continue reading Tesla shares rise almost 5% as a Twitter poll shows people want Elon Musk to step down as the platform’s CEO
‘Dr Doom’ economist Nouriel Roubini says the world is on a ‘slow-motion train wreck’ while warning a US recession is a sure thing
Nouriel Roubini cautioned the world faces severe risks that aren’t being handled carefully. He warned people should “live on high-alert” as inflation, climate change and the risk of military conflict threaten the world. Roubini also slammed the Fed for missing the mark on inflation, predicting a “deep and protracted” recession. Loading Something is loading. Thanks… Continue reading ‘Dr Doom’ economist Nouriel Roubini says the world is on a ‘slow-motion train wreck’ while warning a US recession is a sure thing
Russia’s war has stalled a next-gen US nuclear reactor backed by Bill Gates – because it’s lost its sole supplier of uranium
TerraPower has delayed a demo of its flagship nuclear reactor project in Wyoming by at least two years. The nuclear innovation company said it’s unable to get uranium fuel from any source other than Russia. TerraPower has received backing from Bill Gates and the US DOE for its advanced nuclear plant design. Loading Something is… Continue reading Russia’s war has stalled a next-gen US nuclear reactor backed by Bill Gates – because it’s lost its sole supplier of uranium
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