Text size Coinbase stock rose around 9.8% to $89.15 on Tuesday. Gabby Jones/Bloomberg Shares of Coinbase Global soared nearly 10% on Tuesday on news that the crypto-trading platform has a role in attempts to launch a Bitcoin exchange-traded fund, but investors should think twice before pursuing this. which is probably a short press. cboe BZX … Read more
The S&P 500 had its second-best start to a year in the past 25 years, fueling optimism among investors. However, this achievement was not the main story of the year. In fact, the flagship index’s 16% year-to-date gains have been completely overshadowed by the dominance of the tech sector. With the AI hype driving the … Read more
Text size Rivian is not expected to generate full-year profits for years. Alisha Jucevic/Bloomberg All good things must come to an end and Rivian’s incredible winning streak is over. More volatility may be ahead, but investors can now focus on the fundamentals. Shares of Rivian Automotive (ticker: RIVN) fell 2.6% on Tuesday, closing at $24.85, … Read more
If you ask Howard Marks how he made his $2.2 billion fortune, he could describe decades of work as an analyst at Citicorp (a subsidiary of Citigroup), running the high-yield debt office. and TCW Group convertible securities in the 1980s and early. 90s, or his lucrative investments in luxury properties. But of course, the key … Read more
The importance of raising your first $100,000 cannot be understated when it comes to building long-term wealth. Like Charlie Munger, esteemed investor and vice president of Berkshire Hathaway Inc.aptly said at a shareholders’ meeting in the late 1990s, “The first $100,000 is about, but you have to do it. I don’t care what you have … Read more
JPMorgan CEO Jamie Dimon is not a fan of remote work. He previously claimed that it suppresses the “spontaneous generation of ideas”. Today, he talks again about his distaste for working from home and particularly attacks remote managers. “I don’t know how you can be a leader and not be completely accessible to your people. … Read more
Stocks closed higher on Tuesday in the countdown to inflation reports that could prompt the Federal Reserve to consider ending its interest rate hikes sooner. The Dow Jones Industrial Average (^DJI) led the day’s gains to close up 0.93%, or more than 315 points. The S&P 500 (^GSPC) gained 0.7%, while the Nasdaq Composite (^IXIC) … Read more
Shares of Eli Lilly and Novo Nordisk both slipped on Tuesday following a report that most patients taking weight-loss drugs like Wegovy quit within a year. X According to an analysis by pharmaceutical benefits manager Prime Therapeutics, only around a third of patients taking an obesity treatment like Wegovy were still taking it after a … Read more
Bill Gross.REUTERS/Jim Young American consumers are on the verge of running out of money later this year, Bill Gross has warned. Consumer spending is a key driver of economic growth. If it drops, a recession could result. Gross said aggressive government spending during the pandemic was still supporting the economy. U.S. consumers are supporting the … Read more
