Tag Archives: founder

Interactive Brokers founder and billionaire Thomas Peterffy has spotted one likely unintended consequence of the Federal Reserve embarking on raising interest rates. “There is a lot of leverage in the system as the Fed begins to raise rates. We will be looking at bankruptcies maybe among many of the private equity firms that are invested in on the high leverage, and in several businesses that basically will not be able to pay the interest,” Petterffy told Yahoo Finance. Despite that very real… Source link

Fanatics founder and CEO Michael Rubin is going to miss the legend that is Tom Brady. In part it reflects Rubin’s (who is partial owner in the Philadelphia 76ers) love of all things sports, but also because his online sports apparel giant sells a ton of Brady gear. “Nobody has ever sold more jerseys in the history of our company, in the history of sports than Tom Brady. He is literally a selling machine,” Rubin said on Yahoo Finance Live. “We thought when he played for the Patriots and won… Source link

It’s been roughly a year since GameStop (GME) began overtaking headlines and a ‘meme stock’ phenomenon was born. However speculative assets have been under pressure recently amid rising inflation and a more hawkish-toned Federal Reserve.  “I do hope that investors will refocus on fundamental values,” Thomas Peterffy, founder of Interactive Brokers told Yahoo Finance Live.  “This meme stock idea — it’s fun, but it’s not sustainable,” he continued. “I think a lot of people will lose a lot of… Source link

The war of words between Binance founder and CEO Changpeng Zhao and Tesla CEO Elon Musk is heating up. Musk tweeted at Zhao on Tuesday after the cryptocurrency exchange limited withdrawals of dogecoin. “Well, I don’t intend to be sassy on Twitter… In his tweet he said I am shady,” said Zhao, known as CZ in crypto circles, on Yahoo Finance Live, when asked about the recent Twitter exchange.  “I am not aggressive by nature, but not submissive or cowardly when it comes to defending our… Source link

With bitcoin (BTC-USD) and Ethereum (ETH-USD) hovering near all-time highs, many analysts are bullish that the flagship cryptocurrencies, and the crypto space as a whole, can continue its rapid growth and ascension for the remainder of the year. And according to Blockchain.com founder Peter Smith, 2022 will see more competition emerge in the industry. “It’s very hard to have lost money in crypto over the last year,” Smith said. “Some people have managed to do it, but it’s quite hard…. Source link

Andrew Ng, the founder and CEO of Landing AI. MARK RALSTON | AFP | Getty Images Artificial intelligence pioneer Andrew Ng, the founder of the Google Brain research lab and the former chief scientist of Baidu, has raised $57 million from investors for his start-up, Landing AI, at an undisclosed valuation. Founded in Palo Alto in 2017, Landing AI is focused on bringing artificial intelligence to manufacturing companies. It has developed a computer vision tool that manufacturers can use to create… Source link

‘This one is next’ — here’s why WallStreetBets founder Jaime Rogozinski is tapping Trump’s SPAC as the clear new meme trade Keeping a close eye on Reddit’s WallStreetBets forum has been a good idea for investors. The 11 million-member Internet community led the charge during GameStop’s two-week 1,500% short-squeeze in January and is largely responsible for AMC Entertainment’s massive 1,800% year-to-date run-up. Those incredible gains have led to the downfall of several hedge funds that… Source link

Accusing the CIA of having an “obsession for vengeance” against Julian Assange, a lawyer for the WikiLeaks founder urged a British court on Thursday to conduct an independent investigation into the agency’s aggressive measures targeting his client, including an aborted 2017 plot to abduct him from the Ecuadorean Embassy in London that was detailed in a recent report by Yahoo News. “This is a case of credible evidence of U.S. government plans developed at some length to do serious harm… Source link

And the wins keep piling up for buy now, pay later outfit Affirm.  The company announced this week it has inked a deal with American Airlines that will allow consumers to pay for their travel in installments.  “It’s there to help travelers. Lots of people are going to try to go to a family getaway and not everyone is capable of paying for it instantaneously in cash,” said Affirm founder and CEO Max Levchin on Yahoo Finance Live. For Affirm, the American Airlines tie-tup is the latest in a… Source link

The crypto founder going on the offensive in the industry’s latest battle with the Securities and Exchange Commission (SEC) called out a lack of understanding as a big problem among regulators. Terraform Labs co-founder and CEO Do Kwon, who sued the SEC Friday to quash a recent subpoena, explained to Yahoo Finance at Monday’s All Markets Summit that regulators are still learning that some of the code and protocols launched in the sector are no longer controlled by centralized entities, but… Source link