Stubborn inflation may spur the Fed to keep hiking interest rates, potentially triggering a recession.
Author archives: Theron Mohamed
A College Student Cashed Out a $110 Million Profit on Bed Bath & Beyond – After Piling $25 Million Into the Meme Stock
Jake Freeman’s fund revealed a 6.2% stake in the retailer in late July, then sold it on Tuesday.
Elon Musk Dumped 75% of Tesla’s Bitcoin Last Quarter, and Wants Out of His Deal to Buy Twitter. Plunging Asset Prices and Recession Fears May Explain Why
The Tesla CEO is also trying to renege on his $44 billion agreement to buy Twitter.
Warren Buffett Has Warned Against Hoarding Cash, Gold, or Bitcoin During Wars — and Touted Stocks as the Safest Long-Term Bet
The Berkshire Hathaway CEO favors productive businesses over dollars, crypto, or haven assets.
Mark Cuban Slams SEC Chief Gary Gensler for Complex Market Rules – and Tells Him to Engage with Retail Investors
The “Shark Tank” star criticized the regulator for posturing to Wall Street in a Twitter thread.
Billionaire Investor Chris Sacca Cheers on GameStop Traders — But Warns Them Not to Use Borrowed Money
The billionaire investor and former “Shark Tank” star ended up $4 million in debt that way.
‘Big Short’ Investor Michael Burry Predicts Tesla Stock Will Collapse Like the Housing Bubble: ‘Enjoy It While It Lasts’
Michael Burry, whose lucrative wager on the US housing bubble’s collapse in 2007 was captured in “The Big Short,” said he expected Tesla stock to implode in a similar fashion.
Amazon, Facebook and Other Tech Stocks May Be a ‘Disaster Waiting to Happen,’ Investor Bill Smead Says
Tech investors could face brutal losses if regulators dismantle the companies and tax them more effectively, Smead said.
Warren Buffett Turned Down the Chance to Buy Whole Foods in 2017, CEO John Mackey Says
Whole Foods CEO and cofounder John Mackey and his team approached Buffett about a buyout, but the billionaire investor and head of Berkshire Hathaway said it wouldn’t be a good fit.
Jeff Bezos Is Now Personally Worth More Than Nike, McDonald’s, Costco and Almost 50 Percent of the Dow
Amazon’s stock surge has boosted its CEO’s net worth to $186 billion, which exceeds the market capitalizations of Nike ($122 billion), McDonald’s ($143 billion) and Costco ($145 billion).