Updated at 10:02 am EST Twitter (TWTR) – Get Twitter, Inc. Report shares moved higher Monday after the social media group scrapped an agreement to bring Tesla (TSLA) – Get Tesla Inc Report CEO and billionaire investor Elon Musk onto its board of directors. Musk, who unveiled a 9.1% stake in the micro-blogging website last week, was…
The crypto industry has reason to rejoice. Prices have stabilized relatively. Now, crypto fans and admirers seem to be turning their attention to how to facilitate and expand the adoption of digital currencies by the general public. Their selling point is to explain that crypto can be used in everyday life. A few months ago,…
Cathie Wood’s Ark Investing has a relatively simple investment strategy. The company describes its philosophy in one simple sentence. “We Invest Solely In Disruptive Innovation.” That’s a broad statement, but one that also clearly defines what the company does. In addition, it’s sort of a warning. Disruptive innovation does not always work, nor does it…
There’s a saying among football coaches and wartime generals that theory is one thing and execution is another. That’s been especially true of the the stock market this year as it’s been buffeted by inflation, rising interest rates, and Putin’s invasion of Ukraine. In such circumstances, it’s reasonable to expect missteps in execution, according to…
Consumers are looking for every possible way to save money after facing increased inflation and higher costs, as companies grapple with a rise in labor expenses and supply chain bottlenecks. Shoppers are also looking for ways to cut costs as their bills for groceries and gasoline have been rising steadily for several months. “Consumer discretionary…
“The bull is dead, long live the bull,” Jim Cramer shouted to his Mad Money viewers Thursday. The stock market is pivoting, he said, and you need to pivot with it, whether you like it or not. The lesson of this stock market is simple. When the Federal Reserve is aggressively raising rates, two things…
The hatchet seems to be buried between Joe Biden and Elon Musk. After months of tension marked by mockery, personal insults and snubs on both sides, the two sides seem to be doing everything to repair a relationship that has deteriorated a lot. Things should never have come to this, as Tesla (TSLA) – Get…
Mike Novogratz believes in it. The billionaire is convinced that bitcoin will experience a new Golden Age soon. There is no doubt for him. Once the Federal Reserve takes a break from its monetary tightening, bitcoin will resume its march forward, according to Novogratz, whose company Galaxy Digital invests heavily in digital currencies and the…
This stock market is making people feel trapped, Jim Cramer told his Mad Money viewers Wednesday, but now’s not the time to sell everything. That’s because no one ever made a dime panicking and not every sector is in bear market mode. Cramer reiterated his advice that if you invest in companies that make things,…
The space race between Amazon (AMZN) – Get Amazon.com, Inc. Report founder Jeff Bezos and Tesla (TSLA) – Get Tesla Inc Report CEO Elon Musk is tighter than the wealth race between the two. There aren’t many rivals when your reported net worth is in the twelve-figure range, so the budding rivalry between two of history’s wealthiest…
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