To The Moon

Munger is a well-known China bull. It became even more evident when he bought a substantial position (19% of the portfolio) in Alibaba via Daily Journal Corp in the first quarter of 2021.He doubled the position in Alibaba $Alibaba(BABA)$$Alibaba(09988)$at the start of 2022. Many investors look upon Munger as an influential investor and take heed in the things he say and do. Despite the tumbling share price, Alibaba investors found comfort in the wise man's 'endorsement'.But it all changed when Daily Journal's position in Alibaba was reportedly halved. It is optically damaging because it raises questions (did Munger think that it was a mistake) and dents confidence at the same time. It is likely that some

There is never a dull moment when it comes to Tesla Chief Executive Elon Musk. On one day, he's launching astronauts to the International Space Station. On another, he's opening a new auto manufacturing plant to a roaring crowd in Berlin. And on another, he's jousting with Twitter after becoming its largest shareholder. With all that, is Tesla stock a buy? Tesla (TSLA), on April 2, reported that itdelivered 310,048 vehiclesin the first quarter, up 68% from the year-earlier period and just below analyst estimates of 312,000. Analysts were bracing for a lower number as recent Covid effects in China had shuttered Tesla's Shanghai plant. That created "massive logistics complications delivering units to customers in Europe," Wedbush analyst Dan Ives said in a note to clients. "Relative to

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June 16 - The three main Wall Street indexes all closed down on Wednesday, as U.S. Federal Reserve officials unnerved investors with indications that the central bank could begin rising interest rates in 2023, a year earlier than expected.New projections saw a majority of 11 of 18 U.S. central bank officials pencil in at least two quarter-percentage-point rate increases for 2023. Officials also pledged to keep policy supportive for now to encourage an ongoing jobs recovery.The Fed cited an impr

The Federal Reserve had hoped for a string of strong jobs reports showing a pace of 1 million monthly job gains.Instead, the Fed received larger-than-expected readings on inflation.For a central bank that has reiterated its higher bar for pulling its monetary stimulus, recent data points could test the resolve of policymakers with regard to its quantitative easing program.Since the Fed’s last policy-setting meeting in May, several Fed officials voiced interest in taking the first step toward slo

Airgain (AIRG) shares soared 12.2% in the last trading session to close at $21.66. The move was back

Stock futures rise as Wall Street awaits the start of the Fed meeting; the U.S. and the European Union are expected to announce an end to their 17-year-old dispute over aircraft subsidies.Here are five things you must know for Tuesday, June 15:. Stock futures edged higher Tuesday after the S&P 500 set another record on the strength of gains in big technology names such as Apple .Contracts linked to the Dow Jones Industrial Average rose 20 points, S&P 500 futures were up 6 points and Nasdaq futur