Tag Archives: Bet

(Bloomberg) — Bill Ackman ditched his stake in Netflix Inc. after losing more than $430 million on his investment in less than three months. Most Read from Bloomberg Ackman’s Pershing Square Capital Management said Wednesday it had sold its Netflix holdings after the streaming TV pioneer reported an unexpected drop in subscribers in the first quarter and projected an even steeper decline in the current one. Netflix shares tumbled 35% to $226.19 at the close in New York, making it the worst… Source link

President Biden says he’s doing “everything within my power” to lower inflation. But he’s not. What he’s really doing is making a calculated bet that inflation will break without forcing him to abandon some key political principles. If he’s right, his ratings will improve, along with the odds for Democrats’ electoral success. If he’s wrong, Democrats will likely suffer a wipeout in this year’s midterm elections, with a possible recession looming over the second half of… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Thursday, March 3, 2022 Waiting for the dollar’s Godot Is the U.S. dollar over as a reserve currency? That is one of several takeaways from the increasingly anfractuous conflict between Russia and Ukraine. A flurry of heavy-handed sanctions has isolated Moscow, and may yet ricochet across the global economy in unexpected ways (not the least of… Source link

Warren Buffett.Alex Wong/Getty Warren Buffett has advised against swapping stocks for cash, gold, or bitcoin during wars. The Berkshire Hathaway CEO favors productive businesses over dollars, crypto, or haven assets. Buffett touted Russia’s invasion of Ukraine in 2014 as a buying opportunity for long-term investors. Warren Buffett has warned against dumping stocks, hoarding cash, and buying gold or bitcoin when war breaks out, as he believes investing in businesses is the best way to build… Source link

This article was first featured in Yahoo Finance Tech, a weekly newsletter highlighting our original content on the industry. Get it sent directly to your inbox every Wednesday by 4 p.m. ET. Subscribe Wednesday, February 9, 2022 Facebook parent Meta is making a risky bet on the metaverse The hits keep coming for Facebook parent company Meta (FB). After a devastating earnings report last week, the company’s stock price has fallen off a cliff. On Tuesday the precipitous drop pushed Meta’s… Source link

Wendy’s (WEN) — the self-proclaimed “Queen of Spice” — is adding two new menu entrees: a hot honey chicken biscuit breakfast sandwich and a chicken sandwich. Dubbed the “hot honey duo,” the latest entrants into the chicken sandwich wars will retail for $5.99 (chicken sandwich) and $3.19 (chicken biscuit), hitting Wendy’s locations nationwide on February 8th. Both options include what the company says is the “sweet taste of honey with a fiery habanero kick” and will be a part of the ‘Made… Source link

Charlie Munger just doubled his bet on tech giant Alibaba to $71.5 million — try these 3 China plays instead to diversify your exposure Warren Buffett is famous for getting “greedy when others are fearful.” And his right-hand man Charlie Munger isn’t opposed to going against the herd, either. Best known as Berkshire Hathaway’s vice chairman and Buffett’s long-time business partner, Munger also serves as the chairman of Daily Journal, a newspaper publisher with a sizable stock portfolio of… Source link

Shiba Inu dog. AP Photo/Shizuo Kambayashi A 35-year-old former supermarket warehouse manager who made an $8,000 bet on shiba inu at the start of the year is now enjoying his retirement thanks to the meme coin’s stunning rally. Rob, who is from northern England, told Fortune he dabbled in cryptocurrencies to supplement his $68,000 yearly salary so he could create a better life for his partner and their son. Unexpectedly, he came across shiba inu, which was founded in August 2020. And upon… Source link

Mark Cuban just tripled his stake in Dogecoin — but his bet on these 2 stocks is 667x larger Mark Cuban just tripled his stake in popular cryptocurrency Dogecoin — from $500 to $1,500. Of course, for a billionaire shark and owner of the Dallas Mavericks, that’s not exactly a big chunk of change. While Cuban has been highly supportive of Dogecoin, calling it the “people’s way to pay” back in August, he recently told Fox Business that he owns the token just “for fun.” “I’ve… Source link

As the nascent concept of decentralized finance (DeFi) gains traction in cryptocurrency trading — and draws more regulatory scrutiny — new players are creating products to meet rising demand.  Enter Galaxy Digital (GLXY.TO), which this week rolled out a DeFi Index Fund, their newest blockchain-based financial asset. The passive instrument tracks the performance of Bloomberg’s Galaxy DeFi Index, and is part of an estimated $80 billion industry that’s poised for explosive growth in the… Source link