'Big Short' investor Michael Burry, Paul Krugman, and Mark Cuban have weighed in on the crypto crash. Here's what 7 market watchers say about the sell-off.
Michael Burry.Astrid Stawiarz/Getty Images Crypto fans, critics, and commentators have weighed in after the recent market crash. Michael Burry, Paul Krugman, Mark Cuban, Jim Chanos, and others have shared their...
Energy costs are soaring, bitcoin's price is plummeting — and that's why big crypto miners are selling tokens at a discount
Some major crypto miners have been forced to sell their bitcoin at a discount to cover soaring electricity costs.Marco Bello/Getty Images Electricity costs are soaring, putting pressure on profits for companies involved...
Energy costs are soaring, bitcoin's price is plummeting — and that's why big crypto miners are selling tokens at a discount
Some major crypto miners have been forced to sell their bitcoin at a discount to cover soaring electricity costs.Marco Bello/Getty Images Electricity costs are soaring, putting pressure on profits for companies involved...
Dow soars more than 800 points and US stocks snap weekly losing streak as investors assess Fed's course of future rate hikes
Consumer sentiment in June fell to a record low in UMich survey.YurolaitsAlbert/Getty Images The S&P 500 spiked 3% Friday as US stocks surged and snapped a run of weekly declines. A drop in bond yields this week...
A recession stemming from the Fed's slow reaction to fight scorching-hot inflation is 'uncomfortably possible', says top economist Mohamed El-Erian
Mohamed El-Erian, chief economic adviser of AllianzRob Kim/Getty Images Top economist Mohamed El-Erian warned it is "uncomfortably possible" the Fed will tip the US into a recession. "The Fed didn't...
Warren Buffett will likely acquire Occidental Petroleum once its credit situation improves after already plowing nearly $20 billion into the company, Truist says
Warren Buffett.Paul Morigi/Getty ImagesWarren Buffett is likely to acquire all of Occidental Petroleum once its credit profile improves, according to Truist.The bank upped its Occidental price target to $93,...
Investors should watch the Nasdaq 100 and Chinese stock markets to know if the Fed will pull off a soft landing for the economy, says Fundstrat's Tom Lee
Cindy Ord/Getty ImagesInvestors are keenly focused on whether the Federal Reserve can stick a soft economic landing amid high inflation and rising interest rates.To gauge the Fed's progress, investors should watch the...
Investors should watch the Nasdaq 100 and Chinese stock markets to know if the Fed will pull off a soft landing for the economy, says Fundstrat's Tom Lee
Cindy Ord/Getty ImagesInvestors are keenly focused on whether the Federal Reserve can stick a soft economic landing amid high inflation and rising interest rates.To gauge the Fed's progress, investors should watch the...
Goldman Sachs doesn't have a US recession as its baseline, but if it hits it'll be shallow, says bank's chief economist
The bank's "flexible vacation" scheme took effect at the beginning of May.AP Goldman Sachs' chief economist said strong balance sheets in the private sector can help bolster the economy in a recession. Jan...
Goldman Sachs doesn't have a US recession as its baseline, but if it hits it'll be shallow, says bank's chief economist
The bank's "flexible vacation" scheme took effect at the beginning of May.AP Goldman Sachs' chief economist said strong balance sheets in the private sector can help bolster the economy in a recession. Jan...
Russian gold exports to Switzerland point to a stealth buyer as the country's top refiners say they didn't import any
Vladimir Putin (left) and Roman Trotsenko.Mikhail Svetlov/Getty Images A trade group representing top Swiss refiners said they did not import any Russian gold, according to Bloomberg. In May, over three tons of gold was...
Russian gold exports to Switzerland point to a stealth buyer as the country's top refiners say they didn't import any
Vladimir Putin (left) and Roman Trotsenko.Mikhail Svetlov/Getty Images A trade group representing top Swiss refiners said they did not import any Russian gold, according to Bloomberg. In May, over three tons of gold was...
Russian commodities traders are scrambling to set up shop in Dubai after fleeing Switzerland
Russian President Vladimir Putin.Mikhail Svetlov/Getty Images Russian commodities traders are fleeing Switzerland for Dubai, Bloomberg reported. Switzerland has ramped up sanctions on trading certain commodities, so...
Russian commodities traders are scrambling to set up shop in Dubai after fleeing Switzerland
Russian President Vladimir Putin.Mikhail Svetlov/Getty Images Russian commodities traders are fleeing Switzerland for Dubai, Bloomberg reported. Switzerland has ramped up sanctions on trading certain commodities, so...
Warren Buffett's Berkshire Hathaway plows another $529 million into Occidental Petroleum, boosting its bet on the energy stock to $8.5 billion
Warren Buffett.REUTERS/Rick Wilking Warren Buffett's Berkshire Hathaway spent another $529 million on Occidental Petroleum stock. Berkshire now commands a roughly 16% stake worth about $8.5 billion. Occidental shares...
Warren Buffett's Berkshire Hathaway plows another $529 million into Occidental Petroleum, boosting its bet on the energy stock to $8.5 billion
Warren Buffett.REUTERS/Rick Wilking Warren Buffett's Berkshire Hathaway spent another $529 million on Occidental Petroleum stock. Berkshire now commands a roughly 16% stake worth about $8.5 billion. Occidental shares...
US stock futures tick higher as investors assess Powell's recession comments, while oil extends its losses
Oil prices took a sharp fall to trade below $104 per barrel on Thursday.Scott Heins/Getty Images US stock futures were coming back Thursday from losses after Fed Chair Jerome Powell said a US recession is a...
US stock futures tick higher as investors assess Powell's recession comments, while oil extends its losses
Oil prices took a sharp fall to trade below $104 per barrel on Thursday.Scott Heins/Getty Images US stock futures were coming back Thursday from losses after Fed Chair Jerome Powell said a US recession is a...
Investors are still underestimating the Fed's willingness to trigger a recession and a 'market meltdown', a veteran SocGen strategist says
Société Générale's chief market strategist Albert Edwards warned that stocks and commodities will plummet with a recession now inevitable.Reuters/Benoit Tessier The Federal Reserve now prioritizes curbing inflation...