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“Stocks tank as Amazon, Apple reports worry investors” US stocks tumbled Friday to cap a week of volatile trading as investors reacted to downbeat earnings reports from blue-chip tech firms and worrisome economic data. The Dow Jones Industrial Average plummeted 939.18 points, or 2.77%. The tech-heavy Nasdaq index fell 536.89 points, or 4.17%, and the…
“Bear vs. Bull tabletop accessory automatically tips the scales to reflect stock and crypto market trends” Aptly titled The Market, this tabletop kinetic sculpture automatically adjusts itself to the tunes of the stock market. Depending on whether the stock market is rising or falling, the scale tips in favor of the bull or the bear…
“Bill Ackman loses $400 million after Netflix shares tank” Hedge fund billionaire Bill Ackman has quickly given up on Netflix. The head of Pershing Square Capital Management is $400 million poorer after selling the 3.1 million shares of Netflix that he bought for $1.1 billion in January. Shares of Netflix nosedived by 35% on Wednesday…
“Netflix could crack down on password sharing after subscriber loss” Netflix hinted that it may start cracking down on its generous policy allowing widespread password sharing among friends and relatives of subscribers after the company reported it had shed 200,000 subscribers in the first quarter of this year. Netflix’s 26% stock tumble after the bell…
“Joe Rogan slams Nancy Pelosi, pols for ‘insider trading’” Joe Rogan took aim at House Speaker Nancy Pelosi and other members of Congress for being allowed to own stock options even though they’re in a position to regulate the industries from which they are profiting. “They know laws that are going to be put into…
“The credibility-challenged Fed is about to be overtaken by reality again” For two years, the Federal Reserve has managed to lose credibility by making strong policy commitments it soon had to reverse once they were overtaken by reality. It’s now poised to make yet another major policy pledge it won’t be able to keep. The…
“Elon Musk broke the law when buying Twitter shares: experts” Tesla CEO Elon Musk appears to have violated federal law by not notifying the SEC that he was buying up shares of Twitter, according to a report. SEC regulations required Musk to notify the market when his stake in the social media company had surpassed…
“Beware of a looming stock-market turn that could sock the economy” John Maynard Keynes, the great English economist, was highly critical of the stock market’s casino-like behavior in his time. He likened investors to those who entered a newspaper competition to choose the six photographs out of a hundred that popular opinion thought to be…
“China’s regulator cracks down on using feng shui to predict stock market trend” SHANGHAI, March 30 – China’s securities regulator launched a crackdown on brokerages using feng shui to predict stock market trends in their research notes or investment advisory businesses, state-owned media reported on Wednesday. China Securities Regulatory Commission said it holds “zero tolerance”…
“SEC’s Gary Gensler ‘passes’ the buck” It’s bad enough that our political class never lets a good crisis go to waste in pursuing harebrained policies that sound good on paper but usually fail in practice (ObamaCare). It’s another thing to make the crisis — in this case soaring energy prices and rampant inflation — worse….