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

Epic Games, Maker of ‘Fortnite,’ to Pay $520 Million to Resolve FTC Allegations

Epic Games, Maker of ‘Fortnite,’ to Pay $520 Million to Resolve FTC Allegations

Epic Games Inc. has agreed to pay $520 million to resolve Federal Trade Commission allegations that the “Fortnite” videogame developer violated online privacy protections for children and tricked players into making unintended purchases. The FTC said the agreement consisted of two record-breaking settlements that resolve a pair of civil complaints it was filing against Epic. … Read more

TuSimple Plans Layoffs That Could Cut at Least Half Its Workforce Next Week

TuSimple Plans Layoffs That Could Cut at Least Half Its Workforce Next Week

Self-driving trucking company TuSimple Holdings Inc. TSP -3.75% plans to cut potentially at least half of its workforce next week, people familiar with the matter said, as it scales back efforts to build and test autonomous truck-driving systems. A staff reduction of that size would likely affect at least 700 employees, the people said. As … Read more

Microsoft Tops the Best-Managed Companies of 2022

Microsoft Tops the Best-Managed Companies of 2022

The technology sector’s grip on the top spots in the annual Management Top 250 ranking slipped this year. Microsoft Corp. held its ground, ranking No. 1 in this measure of the best-run companies in the U.S. for the third straight year. But unlike last year, when tech companies took the first five spots in the … Read more

Apple Makes Plans to Move Production Out of China

Apple Makes Plans to Move Production Out of China

In recent weeks, Apple Inc. AAPL -0.34% has accelerated plans to shift some of its production outside China, long the dominant country in the supply chain that built the world’s most valuable company, say people involved in the discussions. It is telling suppliers to plan more actively for assembling Apple products elsewhere in Asia, particularly … Read more

Can’t Hear What Actors Are Saying on TV? It’s Not You, Probably

Can’t Hear What Actors Are Saying on TV? It’s Not You, Probably

Some people turn on closed captions because they like how it helps them understand the plotlines of shows and movies, and multitask in front of the tube. Others turn them on because they can’t hear what actors are saying. That doesn’t always mean they are hard of hearing. Muddled audio is the top reason why … Read more

U.S. Expands Bans of Chinese Security Cameras, Network Equipment

U.S. Expands Bans of Chinese Security Cameras, Network Equipment

The Federal Communications Commission voted 4-0 to ban sales of new telecom and surveillance equipment made by several Chinese companies, arguing that their ownership and practices threaten U.S. national security. The rule change affects 10 companies already subject to other restrictions and prohibits them from marketing or importing new products. They include security-camera makers Hangzhou Hikvision … Read more

Opinion: This record number in Nvidia earnings is a scary sight

Opinion: This record number in Nvidia earnings is a scary sight

Nvidia Corp.’s financial results had a bit of a surprise for investors, and not on the good side — product inventories doubled to a record high as the chip company gears up for a questionable holiday season. Nvidia reported fiscal third-quarter revenue that was slightly better than analysts’ reduced expectations Wednesday, but the numbers weren’t … Read more

Why Berkshire Hathaway’s Latest Big Bet Is on a Taiwanese Chip Maker

Why Berkshire Hathaway’s Latest Big Bet Is on a Taiwanese Chip Maker

Warren Buffett’s Berkshire Hathaway Inc. BRK.B 0.35% is making a multibillion-dollar bet on a Taiwanese chip maker. For years, Berkshire mostly avoided technology stocks. In fact, in Berkshire’s 2008 annual report, Mr. Buffett went so far as to say he preferred simple businesses. “If there’s lots of technology, we won’t understand it,” he said. But … 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