MicroStrategy (MSTR) announced on Tuesday its founder and CEO Michael Saylor will step down from the top job and take a new post as executive chairman, focused on the company’s bitcoin strategy. Phong Le, the company’s president, will take over in the CEO role. MicroStrategy reported quarterly results that were light of Wall Street estimates on Tuesday, with revenue coming at $122.1 million against expectations for $126 million. Losses in the quarter totaled $918.1 million, with $917.8 million… Source link
Read More »Ja Morant says he ‘would’ve cooked’ Michael Jordan
The Memphis Grizzlies are a confident bunch. Just ask the Golden State Warriors. The NBA champions arguably got their toughest playoff test from a Grizzlies team that showed zero backdown or deference during their second-round series in May. None, of course, is more confident than Ja Morant. Take, for instance, his comments to Bleacher Report’s Taylor Rooks on Sunday. When asked about what he would say in a hypothetical conversation with Michael Jordan, Morant said that he would thank the NBA… Source link
Read More »Jamie Mullarkey vs. Michael Johnson a no-doubt FOTN
UFC on ESPN 39 produced five exciting finishes, but the promotion kept with the traditional format of issuing four post-fight bonuses. While Jamie Mullarkey and Michael Johnson couldn’t avoid the judges’ scorecards, their wild battle left a lasting impression. The first round of the fight saw both fighters rocked from heavy punches, but both men would continue to compete in a wild battle until the final horn. When it was all said and done, this main card opener set the bar high for the… Source link
Read More »Jamie Mullarkey rallies to outslug Michael Johnson for split call
LAS VEGAS – Jamie Mullarkey left UFC on ESPN 39 with the biggest win of his career, but it didn’t come without some help from the judges and a lot of shots from Michael Johnson. Mullarkey (15-5 MMA, 3-3 UFC) edged Johnson (29-18 MMA, 12-14 UFC) by split decision in their lightweight bout at the UFC Apex, taking scores of 29-28, 28-29 and 29-28 in a brutal, back-and-forth contest. The first round started with both men taking a measured approach, but then it evolved into chaos. Johnson… Source link
Read More »‘A cold dark place’ — Michael Burry thinks the market has plenty of room to plunge. But he finally sees value in these 4 stocks
‘A cold dark place’ — Michael Burry thinks the market has plenty of room to plunge. But he finally sees value in these 4 stocks Michael Burry — the hedge fund manager depicted by Christian Bale in The Big Short — has been aggressively investing during this market downturn. Burry’s latest 13F filing for the first quarter of 2022 shows a broad range of new investments and some interesting strategic moves with options. That’s a significant shift from the previous quarter when Burry… Source link
Read More »Bitcoin whale Michael Saylor urges governments to step in and regulate crypto’s ‘parade of horribles’
The world’s largest public holder of Bitcoin called on regulators to finally tackle a laundry list of risky, immature crypto industry practices, or “parade of horribles”, that are unfairly weighing on the price of its asset. Microstrategy CEO Michael Saylor argues the over 19,000 cryptocurrencies and digital tokens in circulation must be viewed as “unregistered securities” that cannot be likened to a hard commodity like Bitcoin—which has no issuer, no management, no employees, no… Source link
Read More »Michael Beasley signs 7-figure deal with CBA, per report
Former No. 2 overall pick Michael Beasley is still playing pro basketball, and he’s getting a a major contract in China to continue doing just that. Shams Charania of The Athletic reported on Sunday that Beasley had signed a seven-figure deal with the Shanghai Sharks, a team in the Chinese Basketball Association. Beasley, 33, hasn’t played in the NBA since the 2018-19 season, when he played 26 games for the Los Angeles Lakers. He’s played in the CBA in the recent past, but not for the… Source link
Read More »LeBron James joins Michael Jordan as the 2nd NBA billionaire
LeBron James is officially a billionaire. The Los Angeles Lakers star is worth an estimated $1 billion, according to Forbes, which makes him the first active NBA player to join the billionaire club. The only other basketball player to be worth 10 figures is Michael Jordan, who earned that moniker 11 years after he retired when his stake in the Charlotte Hornets increased to 89.5 percent in 2014. While James has earned more than $385 million in pretax salary during his 19-year NBA career, per… Source link
Read More »‘It is like watching a plane crash’ — Michael Burry thinks the market has plenty of room to plunge. But he finally sees value in these 4 stocks
Michael Burry — the hedge fund manager depicted by Christian Bale in The Big Short — has been aggressively investing during this market downturn. Burry’s latest 13F filing for the first quarter of 2022 shows a broad range of new investments and some interesting strategic moves with options. That’s a significant shift from the previous quarter when Burry was selling most of his stock portfolio and calling for the “mother of all crashes.” He’s not exactly bullish on the overall… Source link
Read More »Should I sell all my stocks and buy back in when the market is lower? Expert Michael Farr says that market timing is ‘nonsense’ — focus on this instead
Regular investors have a lot of questions about the stock market’s recent plunge. They want to know whether they should take advantage of the recent pullback (the S&P 500 is down 20% year to date), wait for a better opportunity or sell out entirely. It’s a natural question to ask. So MoneyWise chatted with fund manager and regular CNBC contributor Michael Farr to pick his investment brain about what to do in the current market. His advice is simple: don’t try to time it. “Market timing… Source link
Read More »