The abrupt and rapid collapse of the FTX cryptocurrency exchange has caused a shock in the crypto space. The fall, in a few days, of a company valued at $32 billion in February, ended up casting suspicion on the entire young industry of financial services, based on the Blockchain technology. Retail investors have fled, while institutional investors, linked to FTX and its sister company Alameda Research, are still determining their losses from their exposure to Sam Bankman-Fried's empire.
(Bloomberg) -- The warnings keep getting louder: the world is hurtling toward a desperate shortage of copper. Humans are more dependent than ever on a metal we’ve used for 10,000 years; new deposits are drying up, and the type of breakthrough technologies that transformed other commodities have failed to materialize for copper.Most Read from BloombergNext Covid-19 Strain May be More Dangerous, Lab Study ShowsUkraine’s Victories May Become a Problem for the USKey Trump 2024 Rivals Silent After Hi
U.S. stock-index futures sank Sunday night, as Asian markets fell following widespread public demonstrations in China and as oil hit a 2022 low.
Elon Musk does not forgive those who doubt him. Last May, Musk protested because Gates had a short position of $500 million against Tesla. "Sorry, but I cannot take your philanthropy on climate change seriously when you have a massive short position against Tesla the company doing the most to solve climate change," Musk wrote to Gates.
(Bloomberg) -- Commodities sank as China’s Covid outbreak worsened and a series of stunning street protests in cities across the nation threaten to derail economic activity and sap demand for energy, food and raw materials.Most Read from BloombergNext Covid-19 Strain May be More Dangerous, Lab Study ShowsUkraine’s Victories May Become a Problem for the USKey Trump 2024 Rivals Silent After His White Supremacist MeetingBase metals in London and Shanghai dropped, with Chinese copper futures declini
Although growth of the U.S. money supply is slowing, employment trends are strong, lots of cash is left over from the pandemic stimulus, and using credit cards is easy. That has put many people in a buying mood, inflation or no inflation.
It's been challenging to hold Alibaba's (NYSE: BABA)stock over the last two years as it lost more than 70% of its market value. As the stock price fell, investors questioned whether Alibaba had reached its prime and was bound to decline further. While it's still early, Alibaba's latest earnings result justifies my earlier decision.
In a financial environment riddled with unprecedented levels of uncertainty, investors are at wits’ end. When it comes to finding an investment strategy that will yield returns, traditional methods might not be as dependable. So, how should investors get out of the rut? In times like these, a more comprehensive stock analysis can steer investors in the direction of returns. Rather than looking solely at more conventional factors like fundamental or technical analyses, other metrics can play a ke
Financial services company and digital bank SoFi Technologies (NASDAQ: SOFI) went public in June 2021 with lots of support and plenty of hype. At this point, SoFi finds itself in a bit of a regulatory headache.
As a recession approaches, more Americans are financially falling behind.
Today we will run through one way of estimating the intrinsic value of Plug Power Inc. ( NASDAQ:PLUG ) by estimating...
FTX lied. Regulators in the United States and the Bahamas, where Bankman-Fried lives and where FTX was headquartered, have launched investigations. The Bankman-Fried regime has been heavily criticized by the new FTX CEO in charge of the restructuring John Ray, who said that the former trader and his two associates have failed on every level.
Elon Musk has built a reputation as a maverick. The CEO of Tesla and Twitter did not hesitate to use a cruel image to depict the co-founder of Microsoft, because the latter had dared to bet against the manufacturer of premium electric vehicles. Did Musk Found Tesla?
(Bloomberg) -- The Bahamian government blasted the person in charge of restructuring crypto exchange FTX, the latest salvo in an escalating fight over what remains of Sam Bankman-Fried’s crumbled empire. Most Read from BloombergNext Covid-19 Strain May be More Dangerous, Lab Study ShowsUkraine’s Victories May Become a Problem for the USKey Trump 2024 Rivals Silent After His White Supremacist MeetingBahamas Attorney General Ryan Pinder on Sunday said that recent statements made in US bankruptcy p
The first six months of 2022 were the worst the stock market has had in more than 40 years, officially entering a bear market on June 13. Despite some recent bouncebacks, investors remain worried. So much so that some have … Continue reading → The post Is the Stock Market Going to Crash in 2022? appeared first on SmartAsset Blog.
(Bloomberg) -- Oil tumbled to the lowest level since December as a wave of unrest in China punished risk assets and clouded the outlook for energy demand, adding to stresses in an already-fragile global crude market.Most Read from BloombergNext Covid-19 Strain May be More Dangerous, Lab Study ShowsUkraine’s Victories May Become a Problem for the USKey Trump 2024 Rivals Silent After His White Supremacist MeetingWest Texas Intermediate sank toward $74 a barrel following three weeks of losses. Prot
Most stock splits don't create actual value for shareholders. While investors end up with more (or less if it's a reverse split) shares post-split, they own the same economic interest. Brookfield will split into two publicly traded companies -- Brookfield Corporation and Brookfield Asset Management -- with the latter poised to pay an attractive and growing dividend.
Elon Musk is preparing for an almost inevitable showdown with Apple and Alphabet , the parent company of Google. The billionaire CEO of Tesla , who completed the acquisition of Twitter on October 27 at a hefty price of $44 billion, was quick to reshape the platform in his image. To achieve this, the Techno King, who describes himself as a "free speech absolutist", has opted for a lenient content moderation policy.
Best Chinese stocks. China Covid cases are at record highs, but lockdown protests are spreading almost as fast.
These companies have multiple ways they could deliver multibagger growth in a relatively short period of time.