Tag Archives: happen

‘Meltdown to zero’: Kevin O’Leary says there’s a 100% chance of another crypto debacle — and that it will happen ‘over and over and over again.’ Here’s what he likes instead Bitcoin is on another wild ride. Late last year, the downfall of cryptocurrency exchange FTX sent investors running for the exits. But now, bitcoin is up 39% in 2023. Still, Shark Tank star Kevin O’Leary warns that there could be more fiascos in the crypto world. When asked whether he believed there would be another FTX… Source link

A Bed Bath & Bust scenario could bring some short-term financial pain to rival home furnishings retailers amid aggressive going-out-of-business clearance sales nationwide, one expert warned. “In the short-term, the liquidation [would be] a little tough on J.C. Penney, Kohl’s, Target, Walmart, Wayfair and maybe Container Store — and to some extent maybe Macy’s — because somebody like [liquidator] Gordon Brothers will be running a really aggressive liquidation sale,” retail expert Jan… Source link

A Bed Bath & Bust scenario could bring some short-term financial pain to rival home furnishings retailers amid aggressive going-out-of-business clearance sales nationwide, one expert warned. “In the short-term, the liquidation [would be] a little tough on J.C. Penney, Kohl’s, Target, Walmart, Wayfair and maybe Container Store — and to some extent maybe Macy’s — because somebody like [liquidator] Gordon Brothers will be running a really aggressive liquidation sale,” retail expert Jan… Source link

New York Yankees slugger Aaron Judge’s record-breaking home run ball hasn’t been seen since it flew into the glove of Cory Youmans on Tuesday night, sparking debate over what the fan should do with the historic memorabilia. “Our offer still stands,” Memory Lane President JP Cohen told Yahoo Finance. “It’s 2 million bucks.” The ball, which broke Roger Maris’ 61-year record for most single-season home runs in baseball’s American League, is estimated to be worth between $1.25… Source link

At this year’s Monterey Car Week, Lincoln (F) is celebrating a big milestone – in style. The brand, now in its 100th year, will be a featured marque at Sunday’s Pebble Beach Concours d’Elegance and will show off its Model L100 electric concept vehicle. The electric vehicle (EV) concept is a massive vehicle with a completely configurable, luxurious interior that reimagines what it will be like to be transported in an autonomous future. Ford CEO Jim Farley believes this is Lincoln’s… Source link

Russia’s invasion of Ukraine this year has roiled global energy markets and caused food shortages in some parts of the world. The disruptions could intensify during the winter, with soaring energy costs causing a recession in Europe and weakening the economies of the United States and many other nations. A broader and more devastating conflict remains possible. A war involving China would be orders of magnitude worse. House Speaker Nancy Pelosi’s recent visit to Taiwan enraged China’s… Source link

Text size Both advertising-related businesses would remain as part of Alphabet, Google’s parent company, the Journal reported. Photograph by Gabriel Bouys/AFP/Getty Images … Source link

Despite West Texas intermediate crude oil futures dipping below $100 per barrel on Tuesday, serious gas price relief may be unlikely happen until motorists make adjustments by driving less. “I think the only thing that’s going to make a dent in gasoline or jet fuel prices is demand destruction,” Vectis Energy Partners principal Tamar Essner said on Yahoo Finance Live after being asked when gas prices may drop below $4 a gallon (video above). “So we have to push higher until we get to that… Source link

Twitter investors should brace for an all-out crash in the stock price if Tesla CEO Elon Musk abandons his bid for the social media platform, warns one veteran tech analyst. “In the absence of a bid, we would not be surprised to see the stock find a floor at $22.50,” said Jefferies analyst Brent Thill said Tuesday in a new note to clients. Such a price would be about 40% lower than Twitter’s current trading level. Musk’s outstanding deal for Twitter is for $54.20 a share. The path is being cut… Source link

Around the pandemic lows in 2020, I wrote that even though the virus will get worse, “it doesn’t mean the stock market has to go lower.” I remained bullish throughout the strong run but turned cautious in mid-December 2021 for two main reasons: The market technicals were breaking down and the Fed became increasingly hawkish. I’ve been defensive since then and maintained a high cash position for my clients. In order for me to feel more confident about a sustained, new uptrend, and… Source link