Buy High, and Hope to God it Goes Higher
After announcing earlier in May that the hedge fund would officially close its doors, Melvin Capital now gets hit with the SEC investigation into its fund’s “risk management strategy”, or … Read More
We have presumably reached peak inflation, as Wednesday’s July CPI report was unchanged month to month, but remained 8.5% YoY. This marked the end of a 16-month streak of monthly … Read More
The infamous SoftBank breaking records yet again. The tech investor reported their largest quarterly loss ever, coming in at a cool $23.4 Billion loss for Q2. Excellent job, guys. Per … Read More
How the mighty have fallen. Alibaba’s illustrious IPO in 2014 served as a focal point in the world of e-commerce, nearly joining the likes of Amazon, Microsoft, Google, Apple, Tesla, … Read More
When it rains, it pours. After posting two consecutive quarters of negative GDP growth, the Atlanta Fed officially revised their Q3 GDPNow forecast down to just 1.3%, down from 2.1% … Read More
With the Fed expected to deliver another 75bps rate hike this week to quell the inflationary shitstorm they unleashed out of Pandora’s Box, investors are betting that the Fed will … Read More
After climbing to fresh highs throughout the pandemic-driven shutdown kingpins (Zoom, Microsoft, Roku, etc.), Netlifx enjoyed a somewhat pleasant ride to absolutely astronomical evaluations, only to come crashing down amidst … Read More
“Nobody…I don’t care if you’re Warren Buffett or Jimmy Buffett, nobody knows if the stock is gonna go up, down, sideways, or in fucking circles.” Carnage ensued in the markets … Read More
Just after two years, chief executive Sonia Syngal steps down, unable to fulfill the promise of rising the company back to stardom within the American public. The retailer was strong … Read More
Coal is making an absolute resurgence, as supply constraints for natural gas & oil in the wake of the Russia/Ukraine conflict are shifting countries’ sources for power generation. The bulk … Read More
