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FTX's jaw-dropping collapse had nothing to do with Theranos, says venture capitalist and crypto bull Tim Draper: 'It's about people getting ahead on their skis'

FTX’s jaw-dropping collapse had nothing to do with Theranos, says venture capitalist and crypto bull Tim Draper: ‘It’s about people getting ahead on their skis’

Tim Draper, founder and managing partner of Draper Associates and Draper University, balked at comparing the stunning implosion of crypto trading platform FTX to famed biotech startup Theranos, in a conversation with MarketWatch. . “It’s not like Theranos,” he said. In a phone interview on Friday, Draper said he was unaware of any comparison between …

FTX’s jaw-dropping collapse had nothing to do with Theranos, says venture capitalist and crypto bull Tim Draper: ‘It’s about people getting ahead on their skis’ Read More »

US stocks could rally another 25% now that the Fed is no longer 'back to the wall' in the fight against inflation

US stocks could rally another 25% now that the Fed is no longer ‘back to the wall’ in the fight against inflation

One of Wall Street’s most relentless bulls has explained why he thinks US stocks can continue to rally through the end of the year after October’s game-changing inflation data on Thursday. Tom Lee, head of research at Fundstrat, said in a note to clients dated Friday that while “inflationists” doubt October’s weaker-than-expected inflation reading could …

US stocks could rally another 25% now that the Fed is no longer ‘back to the wall’ in the fight against inflation Read More »

Tesla investors were the biggest losers in Elon Musk's Twitter deal, and those losses continue

Tesla investors were the biggest losers in Elon Musk’s Twitter deal, and those losses continue

Twitter users have complained a lot about Elon Musk’s early moves after taking over the social network, but their complaints seem small compared to what Tesla Inc. investors had to endure. As the United States focused on election returns on Tuesday night, Tesla TSLA, -7.17% Chief Executive Musk tried to push through the disclosure of …

Tesla investors were the biggest losers in Elon Musk’s Twitter deal, and those losses continue Read More »

Tesla investors were the biggest losers in Elon Musk's Twitter deal, and those losses continue

Tesla investors were the biggest losers in Elon Musk’s Twitter deal, and those losses continue

Twitter users have complained a lot about Elon Musk’s early moves after taking over the social network, but their complaints seem small compared to what Tesla Inc. investors had to endure. As the United States focused on election returns on Tuesday night, Tesla TSLA, -7.17% Chief Executive Musk tried to push through the disclosure of …

Tesla investors were the biggest losers in Elon Musk’s Twitter deal, and those losses continue Read More »

Here's the problem under the hood of Warren Buffett's Berkshire Hathaway

Here’s the problem under the hood of Warren Buffett’s Berkshire Hathaway

It’s Midterm Day in America, so get your gun ready (where the law allows), get your local election lawyer to dial quickly, and break out the popcorn. United States, United States. More on that later. The company lost $2.7 billion in the third quarter, although its earnings are notoriously volatile and the losses were driven …

Here’s the problem under the hood of Warren Buffett’s Berkshire Hathaway Read More »

The best play on the Fed's decision could be a no-play, according to this industry veteran

The best play on the Fed’s decision could be a no-play, according to this industry veteran

It’s time to go for the Fed, which is set to make a fourth consecutive major hike, although there are obviously bigger questions hanging over December’s plans. Wall Street is understandably on the fence, especially after Tuesday’s batch of good is bad data. Our call of the day from Stuck in the Middle blogger Mr. …

The best play on the Fed’s decision could be a no-play, according to this industry veteran Read More »

The Dow soars as Big Tech slumps: What it says about the Fed, recession fears and the way forward for stocks

The Dow soars as Big Tech slumps: What it says about the Fed, recession fears and the way forward for stocks

Last week offered a story of two markets, with gains for the Dow Jones Industrial Average putting the premier gauge on track for its best October on record while Big Tech heavyweights suffered a bombardment that reminded market veterans of the dot-com bust in the early 2000s. “You have a tussle,” Dan Suzuki, deputy chief …

The Dow soars as Big Tech slumps: What it says about the Fed, recession fears and the way forward for stocks Read More »

The Dow soars as Big Tech slumps: What it says about the Fed, recession fears and the way forward for stocks

The Dow soars as Big Tech slumps: What it says about the Fed, recession fears and the way forward for stocks

Last week offered a story of two markets, with gains for the Dow Jones Industrial Average putting the premier gauge on track for its best October on record while Big Tech heavyweights suffered a bombardment that reminded market veterans of the dot-com bust in the early 2000s. “You have a tussle,” Dan Suzuki, deputy chief …

The Dow soars as Big Tech slumps: What it says about the Fed, recession fears and the way forward for stocks Read More »

Intel stock rises on earnings, layoff plans, billions in planned cost cuts

Intel stock rises on earnings, layoff plans, billions in planned cost cuts

Shares of Intel Corp. rose after hours on Thursday after the chipmaker beat Wall Street’s profit estimates for the quarter and PC chip sales rose slightly than expected, while the company again cut its outlook for the full year and said it plans to cut costs. $3 billion in 2023, including layoffs. Intel INTC shares …

Intel stock rises on earnings, layoff plans, billions in planned cost cuts Read More »

Equities are having an exceptional month of October.  Why the bear market rally may have more leeway.

Equities are having an exceptional month of October. Why the bear market rally may have more leeway.

An earlier version of this story misrepresented the date of the US midterm elections. They will take place on November 8 and not on November 9. Despite a series of risky events facing investors over the next few weeks, some on Wall Street believe the latest bearish rally in stocks has more room to maneuver. …

Equities are having an exceptional month of October. Why the bear market rally may have more leeway. Read More »