(Bloomberg) — After being the world’s worst performer for much of this year, a key index of Chinese stocks is the biggest gainer so far in November. Most Read from Bloomberg From Covid controls to the property crisis and even US-China relations, the tide seems to be turning on allContinue Reading
Shares of Nu Holdings Ltd. NU, -2.03% jumped 14.7% after hours on Monday after the Brazil-based digital banking platform reported a surprise third-quarter profit and revenue that beat expectations, helped by a boost in active customers. The company reported net income of $7.8 million, compared with a net loss ofContinue Reading
can i retire at 60 with 500k Most people widely accept that the retirement age is 65 because this has long been the traditional age needed for Social Security benefits. However, it has increased to 66 or 67 in recent times, depending on when you were born. Still, many peopleContinue Reading
‘It’s kind of ‘Lord of the Flies’ out there’: More celebs like Logan Paul and Kim Kardashian are hyping up risky investments — but it’s their young fans who are left ‘holding the bag’ From Kim K to the Paul brothers, influencers are shelling out investing advice and touting riskyContinue Reading
(Bloomberg) — Before the world began to grasp the truth about Sam Bankman-Fried — before the panic, the investigations and, at last, the brutal collapse — an inkling of doom began to spread through his convoluted crypto empire. Most Read from Bloomberg All across FTX, the exchange that had transformedContinue Reading
Intel CEO Pat Gelsinger recently has been buying up shares of the chip giant that he helms, but he has spent far more for shares of recently spun-off Mobileye which is developing autonomous driving technologies. Gelsinger paid $2.5 million on Oct. 28 for 120,000 Mobileye (ticker: MBLY) shares at theContinue Reading
This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Friday, November 11, 2022 Today’s newsletter is by Jared Blikre, a reporter focused on the markets on Yahoo Finance. Follow him on Twitter @SPYJared.Continue Reading
(Bloomberg) — Elon Musk, in his first address to Twitter Inc. employees since purchasing the company for $44 billion, said that bankruptcy was a possibility if it doesn’t start generating more cash, according to people familiar with the matter. Most Read from Bloomberg The warning came amid a tumultuous startContinue Reading
(Bloomberg) — Stocks are headed for the best post-inflation day rally in more than a decade as slower-than-projected price growth sparked bets the Federal Reserve can downshift its aggressive rate-hike path. Most Read from Bloomberg More than 90% of stocks in the S&P 500 were swept up in the rallyContinue Reading
(Bloomberg) — Crypto markets face weeks of deleveraging in the fallout from the crisis at digital-asset exchange FTX.com, a period of upheaval that could push Bitcoin down to $13,000, according to JPMorgan Chase & Co. strategists. Most Read from Bloomberg A “cascade of margin calls” is likely underway given theContinue Reading