commodity

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 »

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 …

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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 »

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 »

This hedge fund manager who made winning bets in 2020 says investors should prepare for a decades-long bear market

This hedge fund manager who made winning bets in 2020 says investors should prepare for a decades-long bear market

On the heels of last week’s bullish turn for equities, the market got off to a mixed start on Monday. Hong Kong stocks could affect the mood with a giant slump after the Chinese leader consolidates his power. And we are entering a Fed blackout period ahead of next week’s meeting that is expected to …

This hedge fund manager who made winning bets in 2020 says investors should prepare for a decades-long bear market Read More »