#Billionaire Leon Cooperman calls cryptocurrency ‘crap’

#Billionaire Leon Cooperman calls cryptocurrency ‘crap’

“Billionaire Leon Cooperman calls cryptocurrency ‘crap’” Stocks still have further to fall, billionaire investor Leon Cooperman warned on Tuesday — adding that speculative assets such as SPAC deals, cryptocurrencies and NFTs are “crap” and aren’t likely to recover anytime soon. Cooperman, the chairman and CEO of Omega Advisors, said he sees the US economy falling…

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#US stocks tank over sky-high May inflation data

#US stocks tank over sky-high May inflation data

“US stocks tank over sky-high May inflation data” Stocks plummeted on Friday as data showing inflation accelerated to a fresh four-decade high in May rattled Wall Street and sent indexes to another week of losses. The Dow Jones Industrial Average tumbled  880 points or 2.7%. The tech-heavy Nasdaq index slid 414.21 points, or 3.5%, while…

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