CNBC’s Jim Cramer said on Thursday that investors should be careful while the stock market is still turbulent, but that they should also not be afraid to make moves to strengthen their portfolios. “We want to be very careful to buy stocks with stories that can withstand the slowdown. … A good portfolio manager never … Read more
Jason Calacanis Adam Jefferi CNBC Angelic investor Jason Kalakanis, an early supporter of Uber and Robinhood, is seeking to raise tens of millions of dollars for a stake in Twitter as part of Elon Musk’s $ 44 billion deal to buy a social media company. “We are now collecting interest for investing in Twitter with … Read more
Futures on shares fell on Thursday night as investors prepared for the S&P 500 to potentially slip into official bear market territory. Dow Jones Industrial Average futures fell 68 points, or 0.2%. S&P 500 futures lost 0.2% and Nasdaq-100 futures fell 0.3%. On Wednesday, the S&P 500 and Dov rebounded from their lowest during the … Read more
Sam Bankman-Fried, CEO of FTKS US Derivatives, testified during a House of Agriculture Committee hearing entitled Changing Market Roles: FTKS Proposal and Trends in New Clearing House Models, at the Longworth Building on Thursday, May 12, 2022. Tom Williams CK-Roll Call, Inc. | Getty Images Sam Bankman-Fried, executive director of the cryptocurrency exchange FTKS, took … Read more
Federal Reserve Chairman Jerome Powell speaks at a press conference after a meeting of the Federal Open Market Committee on May 4, 2022 in Washington, DC. Powell announced that the Federal Reserve is raising interest rates by half a percentage point in order to fight against record high inflation. Vin Mcnamee | Getty Images As … Read more
Rafael Henrique LightRocket | Getty Images MicroStrategy, a business software maker that has been betting a lot on bitcoin in the last two years, is now under water in its funds of the world’s largest cryptocurrency due to a falling market. Bitcoin traded around $ 28,000 per piece on Thursday morning, recovering somewhat from earlier … Read more
Check out some of the biggest pre-sales drivers: Ford (F), General Motors (GM) – Ford fell 2.8% in pre-sale trading, while GM fell 3.4% after Wells Fargo doubled the rating of both shares to “small” from overweight “. Wales Fargo said that 2022 could be the peak of profits for old car manufacturers, with a … Read more
Elon Musk has a history of expressing strong opinions about hydrogen and hydrogen fuel cells. A few years ago, when the topic emerged during a discussion with reporters at the World Automobile News Congress, the electric vehicle magnate described hydrogen fuel cells as “extremely stupid.” Jim Watson | AFP | Getty Images Tesla CEO Elon … Read more
Bitcoin has fallen even further below the $ 30,000 mark as investors have fled cryptocurrencies. Jaap Arriens | NurPhoto | Getty Images Bitcoin fell below $ 27,000 on Thursday, for the first time in more than 16 months, as cryptocurrency markets increased losses amid fears of rising inflation and the collapse of a controversial stable … Read more
A French soldier is taking part in a major exercise as part of NATO’s EFP (Strengthening Presence Ahead) operation at the Estonian Army’s Tapa camp near Rakvere on February 6, 2022. Alain Jocard | Afp | Getty Images Finnish President Sauli Niinisto and Prime Minister Sana Marin said on Thursday that the country should apply … Read more
