Peloton is no longer riding high. The fitness company’s stock was pummeled after news broke last week that it would temporarily halt production as demand softened for its stationary bikes. Peloton shares closed just above $27 on Friday, a far cry from a high of $163 in December 2020. The culprit? Easing covid-19 restrictions have … Read more
As the stock market has convulsed lower and yields for bonds have surged in recent weeks, culminating in a so-called correction for the Nasdaq Composite Index, average Americans are wondering what’s amiss with Wall Street. Increasingly, Google searches have been focused on the state of the market (and the economy), and for a good reason. … Read more
(Bloomberg) — The co-founder of Google’s high-profile DeepMind artificial intelligence lab has left Alphabet Inc. to join venture capital firm Greylock Partners, following a turbulent tenure. Most Read from Bloomberg Mustafa Suleyman will be a venture partner at Greylock, the company said on Thursday, advising early-stage companies and investing in artificial intelligence startups. He’d previously … Read more
Here's Why Northland Sees Huge Upside In Luminar Tech
Text size Farmers descended on Washington to protest high interest rates in 1979. Charles Harrity/AP/Shutterstock About the author: Robert Heller is a former member of the Federal Reserve Board of Governors. As Milton Freedman said in 1970, “Inflation is always and everywhere a monetary phenomenon.” Little has changed since then. For most of the 1970s, … Read more
Dogecoin is the world’s leading meme coin and has gained the affection of popular figures such as Elon Musk and Mark Cuban. Kramer Says Dogecoin is a Security Jim Kramer, the one-time hedge fund manager and long-time host of CNBC’s “Mad Money,” has warned investors that they should be careful of Dogecoin. According to Kramer, … Read more
A.P. Moller-Maersk A/S is expanding its ocean freight business to include road, rail, and air services. Peter Boer/Bloomberg Text size The world’s largest shipping container company, A.P. Møller-Maersk A/S , has been carting ocean freight for more than 100 years. Now the Danish company is expanding to include road, rail, and air services that are … Read more
Alibaba Affiliate Is Linked To Corruption Scandal: Report
While the bears have been hammering the bulls of late, we are seeing levels on two indicators that suggest some relief of recent pressure may be in the offering. And should the indexes manage to close positive Friday after a weak open, that would tend to support our speculation of relief. Recent selling pressure persisted … Read more
(Bloomberg) — The S&P 500 is down about 7% from a record earlier this year, and UBS Global Wealth Management’s Nadia Lovell is undaunted: Prepare to buy, she says. Most Read from Bloomberg “The market has had a choppy start to the year, but it does feel like most of the selling might be behind … Read more