Greenlight Capital’s David Einhorn was interviewed by our Leslie Picker at CNBC’s Delivering Alpha event Wednesday. Einhorn spoke about the election results, inflation and some of his current stock picks (including CNH Industrial and Peloton Interactive), but soon returned to a familiar theme: the long, slow descent of value investing. “It’s continuing to get worse,” the hedge fund manager told Picker. “We are […]
Global investment manager Van Eck has reissued its $180,000 price target for Bitcoin at the peak of the current cycle. In its latest Bitcoin report on Nov. 21, Van Eck digital asset analysts Nathan Frankovitz and Matthe Sigel said the next phase of the crypto bull market is only “just beginning.” They predicted that an increasingly friendly […]
Securities and Exchange Commission Chair Gary Gensler will resign on Jan. 20, the agency announced Thursday, paving the way for President-elect Donald Trump to immediately select a replacement. Gensler took over the SEC in 2021, and under his leadership the commission has taken an ambitious but controversial approach to several regulatory issues, including cryptocurrencies. Trump […]
Oil prices took the bumpy road upwards today, proving once again that global crude markets lack stability. West Texas Intermediate (WTI) climbed to $70.17 per barrel, up a decent $1.42 (2.07%) from yesterday’s close, while Brent crude cruised to $74.29, up $1.48 (2.03%). Today’s culprit? The ever-escalating Russia-Ukraine conflict. Oil traders are once again pricing […]
Bitcoin topped $98,000 for the first time Thursday, extending a streak of almost daily all-time highs since the U.S. presidential election. The cryptocurrency has rocketed more than 40% in just two weeks. Now, bitcoin is at the doorstep of $100,000 and investors do not appear to be fazed by gravity or any cautionary tales of […]
MicroStrategy (MSTR) shares plummeted more than 16% after short seller Citron Research said it had taken a new bet against the stock, which has gained over 500% this year. Even with Thursday’s decline, MicroStrategy stock has soared more than 50% since crypto-friendly President-elect Donald Trump’s victory earlier in November. Bitcoin itself is up roughly 30% […]
Donald Trump is returning to the White House without many of the guardrails of his first term. Many Never-Trump Republicans in Congress have converted or been defeated. Former economic adviser Gary Cohn and other anti-tariff voices are not likely to be welcome in the new Trump administration. Special counsel Jack Smith intends to step down. […]
US stocks edged higher on Monday as there were early signs that Wall Street was attempting to overcome its recent decline. The S&P 500 index gained 0.40% to midday, while the Nasdaq composite was 0.51% higher. Nonetheless, the Dow Jones Industrial Average dipped 13 points, or by less than 0.1 percent; the sentiment ranged from […]
Ark Invest CEO Cathie Wood has been a vocal bull for the cryptocurrency sector for years, specifically for leading cryptocurrency Bitcoin (CRYPTO: BTC), which she recently said could be helped by the incoming White House administration. Wood has shared price targets for Bitcoin over the years, including a high of $3.8 million for BTC by […]
Bitcoin moved higher Tuesday, at one point breaching $94,000 for the first time, amid rising geopolitical tensions between Ukraine and Russia. The price of the flagship cryptocurrency was last higher by more than 1% at $92,616.00, according to Coin Metrics. Earlier, it rose as high as $94,068.75. Shares of MicroStrategy, which trade as a bitcoin […]
The feverish post-election stock market rally came to a screeching halt last week. For the week, the S&P 500 (^GSPC) fell more than 2%, while the Dow Jones Industrial Average (^DJI) shed more than 500 points or nearly 1.3%. The tech-heavy Nasdaq Composite (^IXIC) sank over 3%. Two firm inflation readings and commentary from Federal […]
A U.S. stock rally fueled by Donald Trump’s election victory is stumbling, as investors contend with everything from renewed inflation worries to uncertainty over the impact of the president-elect’s policies. The S&P 500 fell 2% in the past week, erasing more than half its gains from a post-election surge fueled in part by optimism over […]
