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

U.S. stock futures rise ahead of last trading week of 2022

U.S. stock futures rise ahead of last trading week of 2022

U.S. stock futures rose Monday night, ahead of the final trading week of 2022. Dow Jones Industrial Average futures YM00, +0.51% gained more than 150 points, or 0.5%, as of 11 p.m. Eastern. S&P 500 futures ES00, +0.65% and Nasdaq-100 futures NQ00, +0.80% were also logging solid gains, indicating positive market moves when regular trading … Read more

How a Santa Claus rally, or lack thereof, sets the stage for the stock market in first quarter

How a Santa Claus rally, or lack thereof, sets the stage for the stock market in first quarter

It’s the time of the year when the traditional seasonal lift for U.S. stocks known as the “Santa Claus rally” usually takes place. But unlike past holiday seasons, this one may get bogged down by the risks of a recession and continued rise in interest rates during the new year. The Santa Claus rally refers … Read more

Caroline Ellison Apologizes for Misconduct in FTX Collapse

Caroline Ellison Apologizes for Misconduct in FTX Collapse

Caroline Ellison, a close associate of FTX founder Sam Bankman-Fried, apologized in court this week as she pleaded guilty to fraud and other offenses, telling a judge that she and others conspired to steal billions of dollars from customers of the doomed crypto exchange while misleading investors and lenders. “I am truly sorry for what … Read more

Scott Minerd, Guggenheim Partners’ Investment Chief, Dies at Age 63

Scott Minerd, Guggenheim Partners’ Investment Chief, Dies at Age 63

Scott Minerd, an outspoken and influential fund manager who was chief investment officer of Guggenheim Partners, died Wednesday of a heart attack. Mr. Minerd, 63 years old and a committed weightlifter known to bench press more than 400 pounds, died during his daily workout, the firm said. Mr. Minerd joined Guggenheim shortly after the firm … Read more

Sam Bankman-Fried Released on $250 Million Bond

Sam Bankman-Fried Released on $250 Million Bond

FTX founder Sam Bankman-Fried was released on a $250 million bond Thursday and ordered to detention in his parents’ Palo Alto, Calif., home, after the former executive’s first appearance in a New York federal court following his extradition from the Bahamas. Mr. Bankman-Fried left the courthouse in a black SUV. At a later date he … Read more

Dow falls nearly 500 points after strong data, bearish comments by David Tepper

Dow falls nearly 500 points after strong data, bearish comments by David Tepper

U.S. stocks traded lower on Thursday, erasing most of their gains from their biggest rally in three weeks after a round of upbeat economic data and a warning from hedge-fund titan David Tepper that he was “leaning short” against both stocks and bonds on expectations the Federal Reserve and other central banks will continue tightening … Read more

Justin Bieber Nears Roughly $200 Million Deal to Sell Music Rights

Justin Bieber Nears Roughly $200 Million Deal to Sell Music Rights

Justin Bieber is close to a deal to sell his music rights to Blackstone Inc. BX 3.45% -backed Hipgnosis Songs Capital in a transaction valued at around $200 million, according to people familiar with the matter. The potential deal includes the pop star’s interest in both his publishing and recorded music catalog, the people say, … Read more

Want a better retirement? Add these books to your reading list.

Want a better retirement? Add these books to your reading list.

Want to make the most of the money you’ve saved for retirement, or would you like to maximize your benefits? There are plenty of insightful books to shed light or provide alternative perspectives on all aspects of this next chapter in life.  Retirement Tip of the Week: In preparation for the new year, and all … Read more

Crypto’s Onetime Fans Are Calling It Quits After FTX Collapse

Crypto’s Onetime Fans Are Calling It Quits After FTX Collapse

Buying crypto was so much fun when it was going up. Now, many onetime fans are getting out. This year has brought crisis after crisis, raising questions about the industry’s long-term prospects. Two major lenders, Voyager Digital VYGVQ -1.52% and Celsius Network, filed for bankruptcy this summer. The price of bitcoin has plunged some 75% … Read more