Not only have those stocks outperformed the primary cryptocurrency, but they’ve been among the biggest gainers across the whole U.S. market. In the universe of publicly traded U.S. businesses with a market value of at least $5 billion, the four bitcoin-tied stocks were among the eight best performers, according to FactSet. The crypto boom represents … Read more
Texans pride themselves on being champions of business. So, if you think the biggest investors in and financiers of the fastest-growing Texas companies are welcomed as tried-and-true capitalists, think again. And if you believe Texas and its top-rated AAA debt would never willingly borrow money on behalf of citizens at anything but the best rates … Read more
With mixed signals from the US economy, the Federal Reserve is in wait-and-see mode. But America’s billionaires are decidedly more panicked. Do they know something the rest of us don’t? How to prepare for the coming recession | Smart Investing The latest billionaire to sound a warning is Duquesne Family Office founder Stanley Druckenmiller, who … Read more
Good morning. Taiwanese tech companies aid Huawei’s efforts to build an under-the-radar chip network, the UK Prime Minister under pressure and Jamie Dimon on AI. Here’s what people are talking about. Several Taiwanese technology companies are helping Huawei Technologies build infrastructure for an under-the-radar network of chip plants across southern China, an unusual collaboration that … Read more