Tag: Investors

Elon Musk warns investors not to ‘bet the farm on Dogecoin’

Elon Musk warns investors not to ‘bet the farm on Dogecoin’

The embattled CEO of Twitter and Tesla isn’t known for measured takes and a sober public persona. However, Elon Musk doled out a piece of considered financial advice on Tuesday to crypto enthusiasts and fans of Dogecoin. “I’m not advising anyone to buy crypto or bet the farm on Dogecoin,” he said while speaking virtually at a conference in London hosted by the Wall Street Journal. The CEO’s words of caution to prospective investors in the cryptocurrency are a slight departure from Musk’s colorful—and legally fraught—history of boosting the token. Created in late 2013,...

AI trade is leaving investors vulnerable to painful losses: Evercore

AI trade is leaving investors vulnerable to painful losses: Evercore

The artificial intelligence trade may be leaving investors vulnerable to significant losses.Evercore ISI's Julian Emanuel warns Big Tech concentration in the S&P 500 is at extreme levels."The AI revolution is likely quite real, quite significant. But ... these things unfold in waves. And, you get a little too much enthusiasm and the stocks sell off," the firm's senior managing director told CNBC's "Fast Money" on Monday.In a research note out this week, Emanuel listed Microsoft, Apple, Amazon, Nvidia and Google parent Alphabet as concerns due to clustering in the names."Two-thirds driven by those top...

As Arm shuns London, tech investors question UK as an IPO destination

As Arm shuns London, tech investors question UK as an IPO destination

Billionaire Masayoshi Son, chairman and chief executive officer of SoftBank Group Corp., speaks in front of a screen displaying the ARM Holdings logo during a news conference in Tokyo on July 28, 2016.Tomohiro Ohsumi | Bloomberg | Getty ImagesThe U.K. may be a great place to build a tech company — but when it comes to taking the crucial step of floating your business, the picture isn't so rosy.That's the lesson several high-growth tech businesses have come to learn in London.When Deliveroo went public in 2021, at the height of a pandemic-driven boom in...

Hedge funder: Investors should look abroad to profit

Hedge funder: Investors should look abroad to profit

U.S. stocks have consistently outperformed their international peers over the past three decades, but AQR Capital Management’s co-founder and CEO Cliff Asness believes the streak may be coming to an end. “Looking back, U.S. outperformance since 1990 can largely be explained by relative richening against other equity markets,” the billionaire investor wrote in an article for The Journal of Portfolio Management released April 28, describing how American stocks have become increasingly expensive compared to international counterparts. “Investors betting on continued U.S. outperformance may be making a perilous assumption that this richening will continue, despite...

Venture investors, U.S. lawmakers join to fight Chinese influence: WSJ

Venture investors, U.S. lawmakers join to fight Chinese influence: WSJ

In this photo illustration the social media application logo for TikTok is displayed on the screen of an iPhone in front of a US flag and Chinese flag background in Washington, DC, on March 16, 2023.Olivier Douliery | AFP | Getty ImagesA star-studded array of Silicon Valley venture investors have joined forces with a bipartisan group of U.S. lawmakers as part of a working group that has one aim: Combatting China's influence in the U.S. technology industry, the Wall Street Journal reported Friday.The consortium is named the Hill & Valley Forum, the Journal reported,...

SVB draws support from 100-plus venture firms, investors

SVB draws support from 100-plus venture firms, investors

More than 100 venture capital and investing firms have signed a statement supporting Silicon Valley Bank, part of mounting industry calls to limit the fallout of the bank’s collapse and avoid a possible “extinction-level event” for tech companies.  As of Saturday afternoon in San Francisco, about 125 venture firms including Sequoia Capital had signed on to the statement, spearheaded by venture firm General Catalyst, according to a person familiar with the matter. First released Friday by a smaller group of signatories, the statement called the events of the last two days “deeply disappointing and concerning,” and said...

Bitcoin, ether slide on Friday as investors weigh potential fallout from Silvergate woes

Bitcoin, ether slide on Friday as investors weigh potential fallout from Silvergate woes

A pedestrian walks past signage for Ethereum, top, and Bitcoin outside the Hong Kong Digital Asset Exchange Ltd. digital currency trading store in Hong Kong, China, on Thursday, June 24, 2021.Paul Yeung | Bloomberg | Getty ImagesCryptocurrency prices fell on Friday as investors weighed the latest financial woes at Silvergate Capital and assessed what a potential bankruptcy at the crypto bank could mean for the broader crypto industry.Bitcoin dipped by more than 5% to $22,261.22, according to Coin Metrics. Ether lost 5.5% and traded at $1,555.37.The drop came late Thursday night, hours after several...

Rise of zombie VCs haunts tech investors as startup valuations plunge

Rise of zombie VCs haunts tech investors as startup valuations plunge

An art exhibition based on the hit TV series "The Walking Dead" in London, England.Ollie Millington | Getty ImagesFor some venture capitalists, we're approaching a night of the living dead.Startup investors are increasingly warning of an apocalyptic scenario in the VC world — namely, the emergence of "zombie" VC firms that are struggling to raise their next fund.Faced with a backdrop of higher interest rates and fears of an oncoming recession, VCs expect there will be hundreds of firms that gain zombie status in the next few years."We expect there's going to be an...

FTX Allegedly Paid Bill Clinton 0,000 Then Used Him to Dupe Investors

FTX Allegedly Paid Bill Clinton $250,000 Then Used Him to Dupe Investors

If there’s a corruption scandal involving Democrats and millions of dollars you can bet the Clintons are involved somehow. The FTX scandal is in the billions of dollars.  And there is much we still don’t know, like how much money was swindled from innocent participants in the scheme. The Daily Caller reported today: Disgraced crypto mogul Sam Bankman-Fried allegedly paid former President Bill Clinton roughly $250,000 to give a speech at his Crypto Bahamas Conference in April 2022, according to a Thursday report from the New York Post (NYP). TRENDING: Political Persecution in America...

Investors see ,000 to ,000

Investors see $12,000 to $30,000

After a tumultuous 2022, crypto investors are trying to figure out when the next bitcoin bull run could be.Last week, at a crypto conference in St. Moritz, Switzerland, CNBC spoke to industry insiders who painted a picture of 2023 as year of caution. Bitcoin is expected to trade within a range, be sensitive to the macroeconomic situation such as interest rate rises and continue to be volatile. A new bull run is unlikely in 2023.However, experts are looking to next year and beyond with optimism.In 2022, the entire cryptocurrency market lost about $1.4 trillion...