Elon Musk: "Aren’t You Entertained?" Financial Times2022-10-09 09:24 Tesla Motors +0.33% Post Twitter +0.35% Post Dinner with Elon Musk begins with a drive in a Tesla. I am seated in the back, next to X, the billionaire’s two-and-a-half-year-old son. It’s around 7pm in Austin, and X is, as one would expect, cranky. We had set off to Fonda San Miguel, Musk’s favourite Mexican restaurant, after a visit with an FT colleague to the Tesla Gigafactory on the banks of the Colorado river. In this massive site Musk is producing the Y electric SUVs, the latest model in the Tesla collection that has catapulted him to the top of the world’s rich list (net worth: $232bn). Musk, with X perched on his shoulders, had proudly shown off the factory floor as he periodically raged against sluggish investment

Elon Musk said he would keep supporting Dogecoin sending the meme coin's price upLast week Musk was sued for $258 billion by a Dogecoin investor for allegedly running a "pyramid scheme."Tesla Inc CEO Elon Musk has again shown his support for Dogecoin.On Sunday, he went on Twitter to endorse Dogecoin, following the meme coin's price plunge in the last few days. DOGE is down over 12% in the past seven days.The Dogecoin rose almost 8.5% in 24 hours after Musk wrote that he would keep supporting Dogecoin.Responding to his tweet, one of his followers said he should keep buying the cryptocurrency. Musk replied that he was buying the meme coin.

VIX, skew show lack of demand for protection near market lowA breakdown seen spurring put buying that compounds volatilityAs if another inflation shock and earnings drama at big banks weren’t enough for stock investors, Friday brings a critical moment where many option traders must decide their next move on hedging.About $1.9 trillion of options are set to expire, obliging investors to either roll over existing positions or start new ones. The monthly event includes $925 billion of S&P 500-linked contracts and $395 billion of derivatives across single stocks scheduled to run out, Goldman Sachs Group Inc. estimates.With the S&P 500 down more than 20% from its January peak, a question looming large is how much insurance a long investor actually needs. Intraday volatility has whipped

Wall Street ended sharply higher on Thursday, lifted by gains in Nvidia and other technology-related stocks as investors focused on the Federal Reserve's Jackson Hole conference for clues about the central bank's policy outlook.Fed Chair Jerome Powell is due to give a speech on Friday that investors will dissect for indications of how aggressively the Fed may move to raise interest rates as it battles decades-high inflation."We're in a period of time between the end of the second-quarter earnings season and meaningful additional data from the Federal Reserve. Markets are churning a bit with a reasonably low level of volatility," said Bill Northey, senior investment director at U.S. Bank Wealth Management in Minneapolis.The yield on the closely watched 10-year Treasury note faded after rece

The July consumer-price index to be released on Wednesday may determine whether the recent rally for stocks and crypto can be sustained, as traders look for any signs of slowing inflation.The market is expecting at least some cooling in inflation. Economists polled by The Wall Street Journal forecast that the headline consumer-price index in July to fall from a four-decade high of 9.1% to 8.7% year over year, while the core CPI number will increase from 5.9% to 6.1%.Should the headline CPI match expectations, or fall below them, "the most likely case is we would have a slight rally," Jay Hatfield, chief executive at Infrastructure Capital Management, said in an interview. "It would definitely be good for risk."Still, the market might trade off "regardless" of the CPI, Hatfield said. He thi

Welcome to this new segment where we feature interesting stocks you can look at every month.Straits Trading Co Ltd (SGX: S20)Straits Trading Co, or STC, is a conglomerate with operations and financial interests in resources (tin mining and smelting), property, and hospitality.It also has a strategic stake in Malaysia Smelting Corporation Berhad (SGX: NPW), one of the world’s leading tin producers.For the first half of 2022 (1H2022), STC reported a 23.3% year on year jump in revenue to S$270.2 million.Tin mining and smelting revenue rose 25.5% year on year while property revenue inched up 5.2% year on year.The group recorded an exceptional gain of S$658.1 million from the disposal of ARA Asset Management to ESR Group Limited (SEHK: 1821).This transaction resulted in net profit surging more

Ark's Cathie Wood Continues to Stumble TheStreet2022-10-17 08:45 Ark Global Acquisition Corp. +0.00% ARK Innovation ETF -0.24% Post It’s been a rough 2022 for famed money manager Cathie Wood, chief executive of Ark Investment Management, as her exchange-traded funds sink. Wood’s flagship fund, Ark Innovation ETF (ARKK) , plunged 64% year to date through Oct. 14, hitting a five-year low. Ark Innovation has tumbled 79% from its February 2021 record high. Soaring interest rates and sluggish economic growth have dented Wood’s young, “disruptive” (as she describes them) technology companies. Rising rates hurt them because their earnings stream will come down the road (if at all), while the safe yields of Treasury bonds are rising now. Ark Innovation’s biggest holding, electric vehicle titan Tes

Crypto lender Celsius Network LLC has hired restructuring attorneys from law firm Akin Gump Strauss Hauer & Feld LLP to advise on possible solutions for its mounting financial problems, the Wall Street Journal reported.Celsius is first looking for possible financing options from investors, but is also exploring other strategic alternatives, including a financial restructuring, the newspaper said, citing people familiar with the matter.Celsius Network and Akin Gump did not immediately respond to Reuters' requests for comment.The crypto lender said on Sunday it was pausing all swaps, transfers and withdrawals between accounts due to extreme market conditions.The Celsius move triggered a slide across cryptocurrencies, with their value dropping below $1 trillion on Monday for the first tim

Stocks struggled for traction Wednesday and US equity futures made modest gains ahead of a Federal Reserve meeting that’s expected to deliver a hefty interest-rate hike to fight inflation.S&P 500 futures rose 0.53%; Nasdaq 100 futures rose 0.78%.Treasuries steadied following their worst rout in decades. Two-year yields retreated after hitting a level last seen in 2007 and the 10-year yield pulled back from near 3.5%.Traders anticipate a 75-basis-point hike from the Fed Wednesday, the biggest since 1994. A closely watched part of the US yield curve inverted briefly Tuesday, signaling concerns that restrictive policy will sap the economy.The dollar slipped and the Japanese yen climbed from a 24-year low. Bitcoin stabilized around $22,000. Oil held under $120 a barrel.Fears of stagflation

When discussions turn to China, one question that always pops up from U.S. investors: Is it safe yet to buy Alibaba Group Holding, the e-commerce juggernaut that has been battered over the past two years amid the country's crackdown on technology?Alibaba's stock (ticker: BABA) fell 74% from its peak in fall 2020 at $317, to its low in March, and shares are still down 10% this year. Barron's has been cautious for a while as others have jumped in.Volatility is likely to continue. After all, Alibaba is a popular proxy for China and a multitude of risks persist. Policy makers must steady the country's battered economy and deal with Covid. Chinese companies continue to face the prospect of U.S. delistings, and even broader U.S. investment restrictions.But the magnitude of further declines may b

SummaryThe VTI is likely to underperform inflation over the next decade leaving holders no better off in real terms by the year 2032.Historically, investors who bought U.S. stocks at similar PE valuations as the VTI currently could expect to see long-term real returns of around 2-3% annually.However, profit margin mean reversion and weaker real GDP growth suggest that future returns will be far lower than this.The good news is that passive investors do not have to settle for such meager returns as there are several overseas markets that offer much stronger prospects.I last wrote about the Vanguard Total Stock Market ETF (NYSEARCA:VTI) back in May 2021 when I argued that the market was in a '3-sigma' bubble and that rising inflation threatened to be the pin to burst it (see ‘VTI: Rising Inf

We’ve talked about how some great stocks are on sale right now.Here’s one for you: What if a stock went from $2,260 per share to $113… in one day… and nothing about this dominant business changed?You will see that Monday morning with shares of Alphabet(NASDAQ:GOOG, NASDAQ:GOOGL).But don’t get too excited. In this case, $113 = $2,260.That’s impossible, of course. So what’s going on?GOOG shares are splitting 20:1. After Friday’s close, every single GOOG share gets divided into 20 shares. There will now be 20X more shares on the market, but the price per share be 1/20th of what it used to be.This is not some once-in-a-lifetime bargain to jump on.However, interesting things can and do happen around stock splits. So in today’s Market360, let’s look at whether this particular split is a buying o

What Investors Need to Know About October's Complicated Stock-Market History Dow Jones 2022-10-03 08:11 SPDR S&P 500 ETF Trust +0.20% Post While September lived up to its reputation as a brutal month for stocks, October tends to be a "bear-market killer," associated with historically strong returns, especially in midterm election years. October, however, is also associated with historic market plunges. And skeptics are warning investors that negative economic fundamentals could overwhelm seasonal trends as what's traditionally the roughest period for equities comes to an end. Rough stretch U.S. stocks ended sharply lower on Friday, posting their worst skid in the first nine months of any year in two decades. The S&P 500 recorded a monthly loss of 9.3%, its worst September performan

Fed May Cut Size of Rate Increases, but Is Not "Softening" Inflation Fight, Waller Says Reuters 2022-11-14 07:43 DJIA +0.10% NASDAQ +1.88% Nov 13 (Reuters) - The U.S. Federal Reserve may consider slowing the pace of rate increases at its next meeting but that should not be seen as a "softening" in its commitment to lower inflation, Federal Reserve Gov. Christopher Waller said on Sunday. Markets should now pay attention to the "endpoint" of rate increases, not the pace of each move, and that endpoint is likely still "a ways off," Waller said in response to a series of questions on monetary policy at an economic conference organized by UBS in Australia. "It depends on inflation." "We're at a point we can start thinking maybe of going to a slower pace," Waller said, but "we're not softening..

We’ve talked about how some great stocks are on sale right now.Here’s one for you: What if a stock went from $2,260 per share to $113… in one day… and nothing about this dominant business changed?You will see that Monday morning with shares of Alphabet(NASDAQ:GOOG, NASDAQ:GOOGL).But don’t get too excited. In this case, $113 = $2,260.That’s impossible, of course. So what’s going on?GOOG shares are splitting 20:1. After Friday’s close, every single GOOG share gets divided into 20 shares. There will now be 20X more shares on the market, but the price per share be 1/20th of what it used to be.This is not some once-in-a-lifetime bargain to jump on.However, interesting things can and do happen around stock splits. So in today’s Market360, let’s look at whether this particular split is a buying o

In times of market volatility, investors should pay close attention to Warren Buffett stocks that may offer investment opportunities.Amazon: Hiccup in Q1 results and market headwinds havecreated a better buyingopportunity.American Express: As the world beginsto normalize and spend more,the financial giant could be on track for a big comeback.Apple: The tech powerhouse is enjoying record revenue with its well-received new products.Berkshire Hathaway: Warren Buffett’s conglomerate is standing the test of time despite market headwinds.Citigroup: Rate hikeshit the financial giant‘s profitability, bringing C stock to a more affordable price.HP: Dividend-paying tech giant is at 52-week lows, opening a window of buying opportunity.Occidental Petroleum: This energy nameshould continue to benefit f

Nasdaq Powers Rally, Stocks Rise for Third Straight Session on Key Earnings Day Yahoo Finance2022-10-26 07:10 DJIA +1.07% NASDAQ +2.25% U.S. stocks rose in Tuesday's trading as Wall Street digested and looked ahead to corporate earnings from some of the market’s biggest players. The S&P 500 (^GSPC) rose by 1.6%, ending the third straight day the index has been up 1%. The Dow Jones Industrial Average (^DJI)edged higher by 1.1%. The technology-heavy Nasdaq Composite (^IXIC) extended gains by 2.3%, a session high. The jumps continued stocks'gains from Monday, as the major indices rallied ahead of a slew of third-quarter earnings this week. A rundown from Tuesday's big earnings action: Coca-Cola (KO) posted earnings before the bell on Tuesday. The Atlanta-based company raised its full-year

Tesla Q3: Watch Out For $175 Entry Opportunity Seeking Alpha2022-10-12 06:28 Tesla Motors -0.55% Post Summary Based on the price movements caused by its 2022 Q3 delivery and AI day, I foresee Tesla stock a $175-$250 trading window in the near future (till the Q4 delivery). This article will detail my analysis of these trigger points so investors can better prepare for its incoming Q3 earnings report. I see more downside than upside in the near term. Although a $175 price, if reached, would represent an excellent entry point for both swing trading and long-term holding. peerapong muangjan/iStock via Getty Images Thesis Tesla (NASDAQ:TSLA) experienced its largest one-day selloff recently after the company reported Q3 deliveries that missed consensus expectations. Given the magnitude of such

3 Top Singapore Stocks to Watch for November The Smart Investor2022-11-02 09:45 IFAST CORPORATION LTD. +0.00% KEPPEL CORPORATION LIMITED +0.00% With recent earnings and business updates, we present our three top Singapore stocks for November. Time flies, and we are left with just two months left this year. Investors are checking in on companies as they submit their final report cards for the year. All eyes will be on how businesses navigate the current environment of high inflation and rising interest rates. Those that can manage these challenges well and have a track record of resilience may qualify as investment candidates. We sifted through the list of companies and identified three that look poised to do well. These three names are also suitable for different investor types. We have a

Bed Bath & Beyond nearly triples as retail traders pounceHeavily-shorted stocks, de-SPACs are part of broader reboundPhotographer: Luke Sharrett/BloombergRetail traders who lurk in forums like Reddit’s WallStreetBets are back to betting against Wall Street pros and the Federal Reserve as rallies for meme stocks like Bed Bath & Beyond Inc. and AMC Entertainment Holdings Inc. show shades of last year’s mania.The home-good retailer nearly tripled at one point during its nine-day winning streak while the movie-theater firm capped a 65% rally of its own as speculative pockets of the stock market surge. The pair have powered a basket of 37 meme stocks tracked by Bloomberg higher by 10% over the past week while the most-hated stocks tracked by a Goldman Sachs Group Inc. basket is up rough