Tesla is not alone: 18 (and a half) other big stocks are headed for their worst year on record

Tesla is not alone: 18 (and a half) other big stocks are headed for their worst year on record

In the worst year for stocks since the Great Recession, several big names are headed for their worst year on record with just one trading day left in 2022. The S&P 500 index SPX, +1.75% and Dow Jones Industrial Average DJIA, +1.05% are both headed for their worst year since 2008, with declines of 20.6% … Read more

This asset will crush all others in 2023, says hedge-fund manager who nailed one big call of 2022

This asset will crush all others in 2023, says hedge-fund manager who nailed one big call of 2022

As 2022 winds down and investors reflect on a horrendous year, they can take some comfort in the fact that the big guys had their share of misses. Among them is Harris Kupperman, the president of hedge fund Praetorian Capital, who recently blogged about his 2022 calls he nailed — a selloff of big tech … Read more

Jarvis Releases Third Book Featuring ‘Mocha, the Superhero Service Dog;’ Signs Books Saturday

Jarvis Releases Third Book Featuring ‘Mocha, the Superhero Service Dog;’ Signs Books Saturday

In the third and final book of the series, “Mocha, the Superhero Service Dog,” Mocha teaches the reader the importance of keeping the Earth clean and how litter and trash affects the lives of animals and humans, like his human Donnie. Mocha, in real life, is the service dog of Purple Heart recipient Donald R. … Read more

Facebook Parent’s Oversight Board Criticizes ‘Cross Check’ Program That Protects VIP Users

Facebook Parent’s Oversight Board Criticizes ‘Cross Check’ Program That Protects VIP Users

Meta Platforms Inc. has long given unfair deference to VIP users of its Facebook and Instagram services under a program called “cross check” and has misled the public about the program, the company’s oversight board concluded in a report issued Tuesday. The report offers the most detailed review to date of cross check, which Meta … Read more

Crypto Entrepreneurs Fail to Capture Elon Musk’s Attention With $600,000 Goat Statue

Crypto Entrepreneurs Fail to Capture Elon Musk’s Attention With $600,000 Goat Statue

AUSTIN, Texas—Even as a cold night started to settle outside Tesla ‘s headquarters here on Saturday, a group of cryptocurrency entrepreneurs had no plans to leave until Elon Musk, the man they named their currency after, accepted a 12,000-pound sculpture of a Mr. Musk-headed goat riding a rocket. It is the latest stunt in the … Read more

George Lois Changed Magazines—And Pop Culture—Forever

George Lois Changed Magazines—And Pop Culture—Forever

As an art director for Esquire in the 1960s, George Lois assailed Muhammad Ali with arrows, drowned Andy Warhol in a can of soup, and prepped Richard Nixon’s profile for a close-up. He stunned minds to attention, making magazine covers that spoke so urgently, they muted an entire newsstand’s worth of bold headlines. Through Lois’s … Read more

Microsoft co-founder Paul Allen’s art collection sells for an unprecedented $1.5 billion

Microsoft co-founder Paul Allen’s art collection sells for an unprecedented $1.5 billion

The unprecedented $1.5 billion sale of the late Microsoft MSFT, +1.70% co-founder Paul Allen’s masterpiece collection Wednesday evening at Christie’s — followed by strong results for the sale of 95 more works on Thursday — is giving a boost of adrenaline to the art market.  The results appear to point to continued strength for art sales, although … Read more

Citi says investors have up to six weeks to keep squeezing the bears after the inflation surprise

Citi says investors have up to six weeks to keep squeezing the bears after the inflation surprise

Well, that was something. Inflation came in a bit below forecast, and then the rockets came out — the best one-day percentage rise for the S&P 500 SPX, +5.54% since April 6, 2020, and the best one-day percentage rise for the Nasdaq Composite since March 24, 2020. If inflation has truly peaked, there’s really just … Read more