Spirit Airlines. Florida. It is not necessary to say much more. The combo delivered the commotion this week after a Spirit employee told three women in Fort Lauderdale that their flight to Philadelphia had been delayed. Here’s a clip from the scene, courtesy of Dave Portnoy, the founder of Barstool …
Read More »Longtime critic of Elon Musk has a strong message for investors looking to bet against Tesla
“ ‘It is one thing to bet on Elon Musk, but another to bet against him. The guy specializes in pulling rabbits out of his hat. “ That’s Carson Block, the short seller behind Muddy Waters Capital, speaking to Bloomberg’s Tracy Alloway and Joe Weisenthal in a podcast this week …
Read More »CNBC’s Jim Cramer uses this chart to predict the exact date the stock market could slide.
Bulls, enjoy the next two weeks. Why? Well, according to “renowned trade expert” Larry Williams and his reading of this chart, the end of the month could also mean the end of the rally. CNBC Williams focuses on seasonal market patterns to chart its course, noting that July tends to …
Read More »This is what Goldman Sachs gives 90% chance of moving to the S&P 500 in the next decade.
The discussion about whether the markets were at the top lasted an entire day, after Tuesday’s recovery put the bears back in their dens. Positive news about the vaccine could broadcast Wednesday’s session. Looking a little further are the strategists at Goldman Sachs, led by David Kostin. They estimate that …
Read More »Major banks are hauling ‘big fees’ on debt and equity underwriting during the coronavirus crisis
Cash could be king during a crisis. But for the major investment banks that help the Federal Reserve do “whatever it takes” to maintain the flow of credit during the pandemic, the ace in the hole has been capital market commissions. Drink JPMorgan, Chase & Co. JPM, + 0.57%, which …
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