At the right price, any house will sell. But sellers don’t want to set the right price for their homes. By Wolf Richter for WOLF STREET. It’s getting relentless: Sales of former homeowners’ homes, apartments and co-ops fell 1.5% in December from November, the 11th straight month of month-over-month declines, and 34% year-on-year, to a …
Sam Bankman-Fried has cultivated ties with high-profile celebrities, politicians and investors – but one power couple in particular has been key to boosting his profile in influential and wealthy circles. Bill Clinton was paid north of $250,000 when he spoke at the disgraced FTX CEO’s Crypto Bahamas conference in April, sources told the Post. At …
How Sam Bankman-Fried’s Clinton Ties Helped Him Fool Investors Read More »
You’re here (TSLA) has fallen as the electric vehicle giant finds itself embroiled in a court case that will decide whether CEO Elon Musk’s 2018 tweets about taking Tesla from private investors cost billions of dollars. X The drama of the securities fraud trial unfolds this week in a San Francisco courtroom and is set …
What Tesla stock investors need to know about Elon Musk’s latest trial Read More »
Dow Jones futures fell slightly after hours, along with S&P 500 and Nasdaq futures. United Airlines headlined earnings overnight, while Moderna stock rose on data from RSV vaccine trials. Job cuts at Microsoft and a change in Bank of Japan policy could come on Wednesday. X The stock market rally had a relatively calm session, …
Market Halts as Tesla Jumps; What investors need now Read More »
Goldman Sachs: China’s ‘exit wave’ on reopening weighs on economy China’s “exit wave” in its reopening process has slowed the economy significantly, Goldman Sachs economists said in a report. “The ongoing ‘exit wave’ following China’s faster-than-expected reopening has weighed heavily on economic activity in recent months, due to a surge in infections, a temporary labor …
Asia-Pacific markets mostly fall as investors digest Chinese economic data Read More »
A customer looks at a vehicle at a BMW dealership in Mountain View, Calif., Dec. 14, 2022. David Paul Morris | Bloomberg | Getty Images DETROIT — Wall Street and industry analysts remain keenly alert to signs of a “demand destruction” scenario for the U.S. auto industry this year as interest rates rise and consumers …
10 Auto Industry Forecasts Investors Need to Watch This Year Read More »
As 2023 kicks off, markets are clinging to expectations that the U.S. economy will slide into a recession that effectively forces the Federal Reserve to start cutting interest rates, slashing bond yields and borrowing costs, and perhaps help stock market valuations. U.S. economic data released over the past few months shows that inflation has moderated, …
New York CNN — JPMorgan Chase, Bank of America, Citigroup and asset management giant BlackRock reported results on Friday that beat Wall Street forecasts, but investors were disappointed nonetheless. Trading was choppy, with most bank stocks falling at the open before rebounding. Shares of JPMorgan Chase (JPM) rose about 1% late in the morning while …
Bank earnings fail to impress investors as recession worries mount | CNN Business Read More »
U.S. stocks rose on Tuesday as Wall Street processed hawkish rate talk from Federal Reserve officials and pondered remarks by Chairman Jerome Powell at an event hosted by the Swedish central bank. The S&P 500 (^GSPC) and Dow Jones Industrial Average (^DJI) each rose a modest 0.2% in afternoon trading after rising at the open …
Many retail investors are laughing at the impact Tesla’s (TSLA) huge stock price drop is having on CEO Elon Musk, who was the richest person in the world before Tesla started to spin off. collapse. And why not laugh? Not only is Musk suffering from Tesla’s price cut, but he’s also suffering massive mishaps with …
What did Tesla’s stock plunge cost S&P 500 investors last year? Billions and billions Read More »
