‘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
Read More »‘He can do whatever he likes’
The Biden administration isn’t ruffled by a potential Trump presidential run in 2024, according to U.S. Transportation Secretary Pete Buttigieg. “He can do whatever he likes,” Buttigieg told Yahoo Finance Live, declining to say Trump’s name. Buttigieg added the Biden administration is “working on getting results for people” by getting inflation under control and jumpstarting investment in the country. The tone may be very different from the Trump camp Tuesday evening. Trump is poised to make a… Source link
Read More »YouTube star says towing with Ford’s new electric pickup is a ‘total disaster’ in viral video — but Wall Street still likes these 3 EV stocks
‘This truck can’t do normal truck things’: YouTube star says towing with Ford’s new electric pickup is a ‘total disaster’ in viral video — but Wall Street still likes these 3 EV stocks It’s no secret that electric cars are becoming more and more popular these days. But will the EV trend carry over to pickup trucks? According to Tyler Hoover — who runs the Hoovie’s Garage YouTube channel with 1.4 million subscribers — an electric pickup truck might not be a great option if… Source link
Read More »Jim Rogers just warned about getting too excited over the market’s recent bump — here are the shockproof assets he likes best right now
‘Probably the last rally’: Jim Rogers just warned about getting too excited over the market’s recent bump — here are the shockproof assets he likes best right now The stock market has been pummeled, and many investors are wondering when things will turn green again. According to legendary investor Jim Rogers, there is hope on the horizon — but perhaps not for long. “We had huge pessimism because of inflation and other things,” he tells ET NOW. “Now it looks like inflation and… Source link
Read More »BofA’s Subramanian just slashed her S&P price target to 3,600. But here’s what she likes for healthy cash return and inflation protection
The biggest bear on Wall Street: BofA’s Subramanian just slashed her S&P price target to 3,600. But here’s what she likes for healthy cash return and inflation protection With the market trading sideways lately, some investors are wondering whether the sell-off is done and we could be at the bottom. But according to Bank of America’s head of U.S. equity and quantitative strategy Savita Subramanian, tough times still lie ahead. Her team recently lowered their year-end price target on the… Source link
Read More »Jim Cramer believes that the market will soon bounce. Here’s what he likes to ‘protect you’ while the Fed keeps tightening
‘I’m betting the second half turns out better’: Jim Cramer believes that the market will soon bounce. Here’s what he likes to ‘protect you’ while the Fed keeps tightening The S&P 500 has plunged nearly 21% in the first six months of 2022, marking its worst first-half performance since 1970. But not everyone is bearish. CNBC’s Jim Cramer, for instance, still sees opportunity in the months ahead — particularly in the Dow Jones Industrial Average. “These tend to be boring, mature… Source link
Read More »This CEO warns that the Fed’s strategy has created a giant bubble in housing. Here’s what he likes for protection
‘The biggest Ponzi scheme in history’: This CEO warns that the Fed’s strategy has created a giant bubble in housing. Here’s what he likes for protection The Fed is tasked with a dual mandate: to ensure price stability and aim for maximum employment. But according to Dan Morehead, CEO of crypto hedge fund giant Pantera Capital, there’s a third thing that the Fed has been doing — running a Ponzi scheme. In his latest Blockchain Letter, Morehead says that the Fed’s “manipulation of… Source link
Read More »Long-time bull Cathie Wood warns investors about the ‘big problem’ in the economy. Here’s what she likes today
‘We are in a recession’: Long-time bull Cathie Wood warns investors about the ‘big problem’ in the economy. Here’s what she likes today The official GDP estimate for Q2 won’t be available until later next month, but many experts – including Ark Invest’s Cathie Wood – are calling for a recession. “We think we are in a recession,” Wood says in a recent CNBC interview. “We think a big problem out there is inventories — the increase of which I’ve never seen this large in… Source link
Read More »Fund legend Rick Rule says the Fed won’t keep hiking rates aggressively to prevent ‘amazing damage.’ Here are 3 spots he likes for your dough
‘They’ll chicken out’: Fund legend Rick Rule says the Fed won’t keep hiking rates aggressively to prevent ‘amazing damage.’ Here are 3 spots he likes for your dough The Fed is raising interest rates aggressively in an attempt to tame raging inflation. But according to legendary investor Rick Rule — former president and CEO of investment fund Sprott U.S. Holdings — things may not go as planned for America’s central bank. “I think they’ll chicken out,” he told Stansberry… Source link
Read More »This investing veteran says hot inflation and a tight Fed call for a shift in strategy. He likes 3 specific areas for protection
‘The tide has changed’: This investing veteran says hot inflation and a tight Fed call for a shift in strategy. He likes 3 specific areas for protection 2022 continues to give growth stocks — particularly those in the tech sector — a blunt reality check. The tech-centric Nasdaq index is down 24% year to date, more than double the 10% decline of the Dow over the same period. Story continues MoneyWise recently interviewed investing veteran Claudio Chisani — investment advisor and portfolio… Source link
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