In an interview with Insider, Kevin O’Leary explained his next move now that FTX, a company he invested in, filed for bankruptcy. The “Shark Tank” investor said he’s moving his assets to Canada, and will no longer keep funds in unregulated exchanges. He also broke down details of his phone call with FTX founder Sam… Continue reading Shark Tank’s Kevin O’Leary, an FTX spokesperson, explains his next move after the crypto collapse and how he tried to rescue Sam Bankman-Fried
The US dollar has fallen to a 3-month low after easing inflation in October dampened expectations for more big rate hikes
The US Dollar Index dropped to a three-month low on Tuesday, dipping below 106. The greenback was under pressure after US wholesale inflation cooled more than expected in October. The Fed will likely slow rate hikes in December but a full-on Fed pivot remains elusive. Loading Something is loading. Thanks for signing up! Access your… Continue reading The US dollar has fallen to a 3-month low after easing inflation in October dampened expectations for more big rate hikes
Russia is sending record volumes of oil to Asia as it scrambles to export more crude before EU sanctions take effect
Russia is sending record amounts of crude oil to Asian countries. Exports to China, India, Turkey, and unspecified locations rose to 2.39 million barrels a day, according to Bloomberg. Russia is racing to export crude ahead of the EU ban on Russian oil, which could slash Russia’s oil revenue. Loading Something is loading. Thanks for signing… Continue reading Russia is sending record volumes of oil to Asia as it scrambles to export more crude before EU sanctions take effect
Taiwan Semiconductor soars 14% after Warren Buffett’s Berkshire Hathaway buys $4 billion stake
Taiwan Semiconductor soared 14% on Tuesday after Warren Buffett’s Berkshire Hathaway revealed a stake.The Omaha-based conglomerate purchased a $4 billion stake in the company last quarter.The purchase comes amid heightened concerns that China might invade Taiwan. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on… Continue reading Taiwan Semiconductor soars 14% after Warren Buffett’s Berkshire Hathaway buys $4 billion stake
Amazon founder Jeff Bezos plans to give most of his fortune to charity
Bezos said he will devote the money to fighting climate change Author of the article: Bloomberg News Molly Schuetz and Ben Stupples Amazon.com Inc. founder Jeff Bezos. Photo by MANDEL NGAN/AFP via Getty Images files Jeff Bezos, the founder of Amazon.com Inc. and the fourth-richest person in the world, said he plans to give away… Continue reading Amazon founder Jeff Bezos plans to give most of his fortune to charity
Why tech stocks are in the penalty box
This advertisement has not loaded yet, but your article continues below. Watch: Greg Taylor on the market outlook for 2023 Traders work before the closing bell at the New York Stock Exchange. Photo by JOHANNES EISELE/AFP/Getty Images files Article content Greg Taylor, CIO and Portfolio Manager Purpose Investments talks with Financial Post’s Larysa Harapyn about… Continue reading Why tech stocks are in the penalty box
David Rosenberg: Why that ‘remarkable’ stock market rally was just another head fake
Flashy rallies like yesterday’s 5.5% surge only tend to happen in bear markets, not bull markets Let’s take a page out of the history books to understand the manic behaviour that typifies classic bear market psychology, says David Rosenberg. Photo by Scott Olson/Getty Images We had a lot of big market moves on Thursday, and… Continue reading David Rosenberg: Why that ‘remarkable’ stock market rally was just another head fake
Things investors should focus on and things they can probably ignore
Tom Bradley: Focus more on what’s important and less on what’s urgent Traders work on the floor of the New York Stock Exchange. Photo by Spencer Platt/Getty Images files I’m suffering from digital fatigue. Maybe you are, too. Think about what’s competing for our attention: social media, website popups, news alerts, newsletters, calendar reminders, email… Continue reading Things investors should focus on and things they can probably ignore
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