Is it time to return to tech stocks? Here’s what Citi, BlackRock and other pros are saying
Big Tech stocks rallied last week after a brutal year, on hopes that a peak to inflation could be in sight. Analysts weigh in on whether it’s time to return.
Chinese takeover of the UK’s biggest chip plant blocked on national security grounds
Newport Wafer Fab runs Britain’s largest chipmaking facility, producing some 32,000 silicon wafers each month.
Vanguard says 60-40 investing strategy is not dead and will work out again for investors
After ugly losses in stocks and bonds, many investors have written off the 60/40 investing approach, but Vanguard says the strategy will rise again.
Taylor Swift tour ticket fiasco leads to calls for Ticketmaster and Live Nation to break up
Fans of Taylor Swift encountered a number of issues while trying to obtain tickets to the singer’s latest tour via Ticketmaster.
Sam Bankman-Fried wanted to let retail investors borrow money to trade crypto derivatives: CFTC head
Sam Bankman-Fried was lobbying the Commodity Futures Trading Commission to back him on a product for retail traders that was built on leverage.
Gemini, BlockFi, Genesis announcing new restrictions as FTX contagion spreads
The lending arm of the crypto investment bank Genesis Global Trading is pausing new loan originations and redemptions.
S&P 500 closes lower after Target’s warning drags on retail stocks, Nasdaq falls 1.5%
The S&P 500 fell on Wednesday as investors weighed a gloomy holiday quarter update from Target that pressured retail stocks.
Fed’s Waller says he’s open to a half-point rate hike at December meeting
The Fed governor said he’s open to reducing the level of interest rate increases to half a percentage point in December.
Maverick Capital bets again on Netflix, reveals new stake in this chemicals stock
Lee Ainslie’s Maverick Capital took up bets on Netflix last quarter, while beefing up positions in several beaten-up technology stocks.
‘Big Short’ Michael Burry on his current positioning: ‘You have no idea how short I am’
“The Big Short” investor Michael Burry hinted that he currently has a sizable short position after being bearish throughout 2022.
