Tiger Global's flagship hedge fund booked huge losses last year as the firm's bets on high-flying tech stocks backfired. Tiger lost 56% in its hedge fund and 67% in its long-only fund as key holdings, such as JD.Com and CrowdStrike Holdings, plunged in value. JD.com, the most prominent single public position in Tiger's funds at […] Read More
First Republic Bank is not out of the woods and needs another capital infusion. Jamie Dimon is leading a push to aid the bank. Other regional banks may have bottomed but FRC is still moving lower. 5 stocks we like better than First Republic Bank First Republic Bank (NYSE:FRC) may be a fine investment, but […] Read More
Mullen Automotive inks deal for IP and distribution rights for the DragonFLY. Rebranded the Mullen GT, it has a top speed over 200 MPH. Mullen Automotive has many irons in the fire but remains speculative as an investment. 5 stocks we like better than Mullen Automotive Mullen Automotive Inc (NASDAQ:MULN) is an early-phase EV start-up […] Read More
The Grayscale Bitcoin Trust trades at a 42% discount to its net asset value Almost two years of hedge fund liquidations as well as a year-long bear market create the discount Bitcoin looks to be turning the corner, while Grayscale fights the SEC to get GBTC listed as a spot Bitcoin ETF. 5 stocks we […] Read More
In the wake of a new EXEL stock buyback, the cancer therapies maker is in the sights of investors looking to make board changes It has been an eventful start to the week for investors of genomics-based drug discovery outfit Exelixis (NASDAQ:EXEL), after the company announced a share buyback worth $550 million pre-market and received […] Read More
Manufacturing starts surge; single family, offsetting losses elsewhere HAMILTON, NJ —March 21, 2023 — Total construction starts rose 6% in February to a seasonally adjusted annual rate of $912.8 billion, according to Dodge Construction Network. During the month, residential and nonresidential building starts rose 11% and 9% respectively, and nonbuilding starts declined by 5%. Total […] Read More
