Billionaire tech entrepreneur and Dallas Mavericks owner Mark Cuban has offered his perspective on the implosion of crypto platform FTX late this week. “‘That’s somebody running a company that’s just dumb-as-fucking greedy.’” — Mark Cuban Cuban, speaking on Friday at a conference in Washington, D.C., hosted by Sports Business Journal, shared the view that avarice …
Investors finally got the inflation reading they were looking for, and are likely to get a split government for the next two years. That combination propelled stocks to their best weekly showing since June. On Friday, the S&P 500 even briefly crossed the 4,000 threshold, a level it hadn’t breached in two months. The S&P …
Stocks Surged on an Inflation Reading. But the Bear Market Isn’t Over. Read More »
Tim Draper, founder and managing partner of Draper Associates and Draper University, balked at comparing the stunning implosion of crypto trading platform FTX to the notorious biotech startup Theranos, in a conversation with MarketWatch. “It’s not like Theranos,” he said. In a Friday phone interview, Draper said he hadn’t been aware of anyone genuinely comparing …
FTX collapse nothing like Theranos, says Tim Draper Read More »
This commentary was issued recently by money managers, research firms, and market newsletter writers and has been edited by Barron’s. Bear-Market Rallies Technical Strategy BTIGNov. 11: Thursday was another day for the record books. The S&P 500 had its first daily gain of more than 5% since 2020, and its biggest outperformance vs. the Dow …
Stocks Rallied Dramatically. It’s Still a Bear Market Read More »
Chinese stocks rallied on Monday as investors continued to be optimistic that coronavirus rules would be eased, despite repeated messages from authorities that China would stay the course on “zero Covid” policies. Major U.S.-listed Chinese stocks were higher in premarket trading, with Alibaba (ticker: BABA) rising 1.5%, JD.com (JD) 2% in the green, Tencent (700.HongKong) …
Alibaba, Nio, Tencent, and Other Chinese Stocks Are Rallying Read More »
Shares of Apple Inc. and Alphabet Inc. both suffered their largest weekly declines since the beginning days of the pandemic this week, as Big Tech companies continued to draw closer scrutiny from Wall Street. Apple’s stock AAPL, -0.19% finished down 11.2% on the week, its worst weekly performance since the week that ended March 20, …
Apple and Google stocks just had their worst week in more than two years Read More »
First the easy part. Economists widely expect Federal Reserve monetary-policy makers to approve a fourth straight jumbo interest-rate rise at its meeting this week. A hike of three-quarters of a percentage point would bring the central bank’s benchmark rate to a level of 3.75%- 4%. “The November decision is a lock. Well, I would be …
A historic rout in the bond market this year has resulted in the highest yields on municipal bonds in 15 years—and what looks like an excellent buying opportunity. At midweek, the muni market, as measured by the Bloomberg Municipal Bond Index, was down 13%, its worst showing in at least 40 years, as the yield …
Municipal Bonds Are Offering the Yields You’re Looking For. Here’s Where to Look. Read More »
Americans think they need $1.25 million to retire comfortably, new research says — but even though that number may seem hefty, it still may not be enough. A study from Northwestern Mutual released this week found that U.S. adults anticipate they will need $1.25 million to retire comfortably, an amount that’s 20% higher than it …
Americans think they need $1.25 million to retire. Is that enough? Read More »
Some investors are on edge that the Federal Reserve may be overtightening monetary policy in its bid to tame hot inflation, as markets look ahead to a reading this coming week from the Fed’s preferred gauge of the cost of living in the U.S. “Fed officials have been scrambling to scare investors almost every …
Why stock-market investors fear ‘something else will break’ as Fed attacks inflation Read More »
