‘Crazier than dot-com era’: Charlie Munger lashes crypto, wary of booming markets

Investment legend Charlie Munger says the current climate global markets is crazier than the period of the dot-com bubble two decades ago, as he dismissed the surge in cryptocurrencies, saying he would never own one. Mr Munger, the 97-year-old vice chairman of Warren Buffet’s Berkshire Hathaway, addressed the Sohn Hearts and Minds on Friday, highlighting the challenges of investing in […]

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Stocks making the biggest moves premarket: Snowflake, Boeing, Apple and more

Check out the companies making headlines in premarket trading. Snowflake — The cloud data company's shares jumped more than 13% after the company reported quarterly results that beat revenue estimates. Snowflake also reported sales of $334 million during the third quarter, which exceeded the $306 million expected by analysts surveyed by Refinitiv. Boeing — Shares of the aircraft maker rose […]

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Meme Stock Movers for 12\/1: AMC, GameStop, Newegg, Tesla, Xpeng

By now, everyone knows that U.S. equity markets tanked on Tuesday, with the major indexes closing down between 1.5% and 2.0%. Early morning concerns about the effectiveness of existing COVID-19 vaccines against the Omicron variant gave way later to investors’ reaction to a comment by Federal Reserve Chair Jerome Powell that it’s time to “retire the word ‘transitory’” in relation […]

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U.S. stocks sink on new COVID variant; Dow loses 905 points

The index was dragged lower by everything from banks, travel companies and energy companies as investors tried to reposition to protect themselves financially from the new variant. Stocks sank Friday, with the Dow Jones Industrial Average briefly falling more than 1,000 points, as a new coronavirus variant first detected in South Africa appeared to be spreading across the globe. Investors […]

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Treasury yields sink amid concerns around a new Covid variant

Yields slid lower on Friday, as investor fled to the safety of bonds, with stock market futures also falling. The bonds market was closed on Thursday for Thanksgiving and there are no economic data releases or Treasury auctions slated for Friday, with markets closing early for the holiday weekend. U.S. Treasury yields fell sharply on Friday morning, amid concerns around […]

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Cathie Wood’s ARK Invest Sells for 11\/24

Markets reached higher on Wednesday, ahead of the Thanksgiving holiday, on positive numbers from weekly jobless claims. ARK Funds bounced back after a couple days of losses. ARKQ performed the best out of the group, with a 1.8% gain on the day, while ARKX did the worst, up 0.6%. The gains from the past year are slowly sliding away, but […]

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China's tech crackdown could last decades, but won't stop long-term investors, says wealth manager

Beijing's ongoing regulatory crackdown on technology could last up to 30 years, predicts GFM Asset Management's Tariq Dennison. Still, long-term investors are buying shares of Chinese tech firms like Baidu, Alibaba, Tencent and JD.com for their long-term prospects, he says. New regulations are "more likely to entrench these companies and to give them wider moats," according to Dennison. In this […]

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