In the investing world, hedge funds and other large, institutional investors often use a strategy called short selling to make money. Short selling is a bearish strategy wherein an investor borrows shares of a stock they think will decline in price, then sells them immediately at their current …
Despite 2022’s crypto market collapse, dozens of enterprises around the world are still investing in blockchain, the distributed-database technology that underpins the entire sector because it helps their businesses operate better, faster or cheaper. Edited by Nina Bambysheva and Michael del Castillo Reported by Nina Bambysheva, Michael del Castillo, Steven Ehrlich, Chris Helman, Jeff Kauflin,…
Advisers to the failed cryptocurrency exchange are seeking to recover more assets from politicians to repay creditors…
What Does “Margin of Safety” Mean in Investing?Stocks fluctuate in price constantly, and longer-term investors aim to take advantage of these fluctuations by buying stocks when they’re “on sale,” or trading for less than they’re worth. In value-investor-speak, the price a stock should be trading at …
Elon Musk sees himself as a visionary. He wants to change our civilization as we know it today. The serial entrepreneur promises that humans will live on Mars soon. He made it the centerpiece of his vision for humanity. While waiting to realize this spectacular promise, the Techno King, as he’s known at Tesla (TSLA)…
The FTX cryptocurrency exchange may not be dead. The platform, the flagship company of Sam Bankman-Fried’s crypto empire, could be revived in the coming months. So said John Ray, the CEO appointed Nov. 11 when Bankman-Fried’s empire filed for bankruptcy, to handle the liquidation. In his first public interview, Ray spoke with The Wall Street…
It’s a real comeback — the return with fanfare of a cryptocurrency that many experts and industry sources gave up almost for dead after the bankruptcy of the empire of Sam Bankman-Fried on Nov. 11. Solana (SOL), they said, was not going to be able to survive the earthquake represented by the fall of the…
Bitcoin evangelists may breathe. They must tell themselves that their wildest predictions will probably come true. For several days now, prices of the most popular cryptocurrency have been on the rise, breaking with a see-saw momentum seen since the bankruptcy of the FTX cryptocurrency exchange on Nov. 11. Bitcoin (BTC) prices were hovering around $20,749.71…
When cryptocurrency exchange FTX raised $400 million from investors such as Softbank, Temasek, Tiger Global, and others in January of 2022, its net worth took off. The funding, in amazing fashion, soon lifted its value to $32 billion. By November, it was bankrupt. While FTX pumped up its reputation with big-name investors, it was also allying…
Share to FacebookShare to TwitterShare to LinkedinTopline No one bagged Tuesday night’s billion-dollar Mega Millions draw, the lottery operator said, sending the jackpot soaring to $1.35 billion for the next draw on Friday the 13th, one of the largest prizes in U.S. lottery history that many will hope to claim despite the unlucky date, though…