Category: Investor

Tech Stocks Are Getting Crushed as Bond Yields Spike Higher

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The Nasdaq Composite has fallen by close to 7% since Monday.


Dreamstime

Tech stocks are suffering fresh losses on Thursday, as spiking bond yields continue to spur investors to move out of cloud, e-commerce, and semiconductor stocks and into other more economically sensitive—and cheaper—issues.

The group started the day in the green, but reversed course when comments by Federal Reserve Chairman Jerome Powell at The Wall Street Journal Jobs Summit triggered a new upward move in interest rates.

The yield on 10-year Treasuries now sits at about 1.54%, up from under 1% at the beginning of the

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Warren Buffett again encourages investors to bet on America

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OMAHA, Neb. — Billionaire Warren Buffett encouraged investors to maintain their faith in America’s economy and the businesses his Berkshire Hathaway conglomerate owns in a reassuring letter to his shareholders Saturday.

Buffett hardly even addressed the coronavirus that ravaged many businesses last year, instead focusing on the long-term prospects for the railroad, utility and insurance businesses and stocks that belong to Berkshire Hathaway. But he said U.S. business will thrive over time in spite of the pandemic.

“In its brief 232 years of existence, however, there has been no incubator for unleashing human potential like America. Despite some severe interruptions,

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Charlie Munger says novice investors are getting lured into a bubble in ‘dirty way’ by Robinhood

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Charlie Munger

Lacy O’Toole | CNBC

Charlie Munger, vice chairman of Berkshire Hathaway and Warren Buffett‘s longtime business partner, issued a dire warning on the manic momentum-driven trading activity by amateur investors and said commission-free trading apps like Robinhood were partly to blame for the bubble.

“It’s most egregious in the momentum trading by novice investors lured in by new types of brokerage operation like Robinhood and I think all of this activity is regrettable,” Munger said Wednesday at the Los Angeles-based Daily Journal annual shareholders meeting, which was livestreamed by Yahoo Finance.

The 97-year-old investor said retail traders

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‘Big Short’ investor Michael Burry says the stock market is ‘dancing on a knife’s edge’ – and fears he’s being ignored again

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Christian Bale as Michael Burry in “The Big Short.”

The Big Short/Netflix


  • Michael Burry sounded the alarm on the stock market over the weekend.
  • The “Big Short” investor said extreme speculation and debt could cause a crash.
  • Burry said his warnings were being ignored as they were during the housing bubble.
  • Visit Business Insider’s homepage for more stories.

Rampant speculation and widespread betting with borrowed money have driven the stock market to the brink of collapse, Michael Burry said over the weekend.

“Speculative stock #bubbles ultimately see the gamblers take on too much debt,” the investor tweeted along

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California investor who donated nearly $1M to Trump inauguration sentenced to 12 years in prison

by  on  in Investor

A Federal Judge in California on Thursday sentenced a venture capitalist who donated nearly $1 million to former President Donald Trump’s inaugural committee to 12 years in prison for falsifying records to hide his work as a foreign agent while lobbying high-level U.S. officials.

Imaad Zuberi was also fined $1.75 million and ordered to pay $15.7 million in restitution.

Zuberi, 50, agreed to plead guilty in 2019 to tax evasion, filing false foreign agent registration records and providing almost $1 million in illegal campaign contributions to various presidential election campaigns and other candidates for elected office, according to the U.S.

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