‘She never explained anything’: I’m a senior citizen and I lost $100,000 in the stock market this year. Can I sue my financial adviser?

‘She never explained anything’: I’m a senior citizen and I lost 0,000 in the stock market this year.  Can I sue my financial adviser?

I am a senior citizen and have suffered major losses to the tune of $100,000 in the recent stock market turmoil. Can I sue my financial adviser? I understand the dynamics of the market as far as its ups and downs, and have ridden them out before. However, it’s been different with the market in … Read more

Quantitative Tightening Is About to Ramp Up. What It Means for Markets.

Quantitative Tightening Is About to Ramp Up.  What It Means for Markets.

The Federal Reserve now owns about a third of both the Treasury and mortgage-backed-securities markets as a result of its emergency asset-buying to prop up the US economy during the Covid-19 pandemic. Two years of so-called quantitative easing doubled the central bank’s balance sheet to $9 trillion, equivalent to roughly 40% of the nation’s gross … Read more

Veteran strategist Dennis Gartman says it’s still a bear market with no Fed pivot in sight

Veteran strategist Dennis Gartman says it’s still a bear market with no Fed pivot in sight

As the market heads into the new week, the attention is still very much on Friday’s jobs report showing an unexpectedly strong 528,000 increase in nonfarm payrolls. “It was quite a surprise to me,” said Dennis Gartman, the retired publisher of the Gartman Letter and now the chairman of the University of Akron’s endowment and … Read more

Opinion: Is Mark Zuckerberg taking the first step toward turning Facebook into Yahoo 2.0?

Opinion: Is Mark Zuckerberg taking the first step toward turning Facebook into Yahoo 2.0?

Yahoo was once the most popular website on the planet, the only place that everyone on the internet seemed to touch at least once an online session. After an ignominious slide, however, Yahoo is just another site that has some fans in certain parts of Asia and offers some niche products. Has Mark Zuckerberg launched … Read more

Beleaguered crypto lender Celsius files for Chapter 11 bankruptcy

Beleaguered crypto lender Celsius files for Chapter 11 bankruptcy

Calling it a “a defining moment,” embattled crypto lender Celsius Networks has filed for Chapter 11 bankruptcy protection. In a statement late Wednesday, Celsius co-founder and Chief Executive Alex Mashinsky said the filing in US Bankruptcy Court for the Southern District of New York “is the right decision for our community and company.” “I am … Read more

Opinion: Warren Buffett’s investing progress will go on forever after researchers cracked his investing code

Opinion: Warren Buffett’s investing progress will go on forever after researchers cracked his investing code

If you’re an investor in Berkshire Hathaway Inc., your performance need not suffer when Warren Buffett stops running the company. That’s according to researchers who claim to have created a stock-picking algorithm that, in back tests, performed just as well as Berkshire Hathaway. The existence of this algorithm is important for at least two reasons. … Read more