Putin Sends Russians on Wild Hunt for Dollars in Black Market

Putin Sends Russians on Wild Hunt for Dollars in Black Market

(Bloomberg) — As the ruble’s official exchange rate parts ways with its value on the street, dollars are becoming hard to find. Most Read from Bloomberg For Boris, a doctor based in Moscow, the search got so desperate that he pondered a high-tech, and seemingly improbable, black-market scheme that a friend was pushing. After interacting … Read more

Gold Price Prediction – Gold Prices Fall Sharply as the Dollar Nears Two Decade Highs

Gold Price Prediction – Gold Prices Face Losses for the Week on Bets of Aggressive Fed Rate Hikes

Key Insights Gold prices rebound after today’s downward swing. Rate tightening places downward pressure on rate-sensitive sectors. Treasury yields eased as investors wait for hints about Fed monetary policy. Gold prices recovered in volatile trading after hitting multi-week lows as higher yields and a stronger dollar placed downward momentum. The dollar rallies to two-decade highs … Read more

Druckenmiller Exits Google, Carvana as Family Offices Place Bets

Druckenmiller Exits Google, Carvana as Family Offices Place Bets

(Bloomberg) — The investment firms of some of the world’s wealthiest investors made some large shifts in their assets last quarter as US stocks slumped by the most since the onset of the Covid-19 pandemic. Most Read from Bloomberg Stanley Druckenmiller’s Duquesne Family Office sold about $274 million of Alphabet Inc. shares and $121 million … Read more

Elon Musk Thinks of Buying Twitter at a Lower Price

Elon Musk Thinks of Buying Twitter at a Lower Price

Will Elon Musk end up getting what he wants from Twitter  (TWTR) – Get Twitter, Inc. Report?  The richest man in the world thinks he will.  A few days after launching a public campaign to force the management and the Board of Directors of the micro-blogging website to agree to renegotiate the acquisition price it … Read more

SpaceX Employees Offer to Sell Shares at $125 Billion Valuation

SpaceX Employees Offer to Sell Shares at $125 Billion Valuation

(Bloomberg) — SpaceX employees are offering to sell shares via a private placement that would value Elon Musk’s launch and satellite company at around $125 billion, according to people familiar with the matter. Most Read from Bloomberg The shares are being offered in a so-called employee tender at $70 each, the people said, asking not … Read more

PayPal borrows $3 billion to help fund debt buyback plan

PayPal borrows $3 billion to help fund debt buyback plan

PayPal Holdings Inc. hit the market on Monday with a $3 billion corporate bond financing to help the online money-transfer and payments giant fund a $2 billion tender offer for its own debt. The four-part bond deal included the issuance of new debt that matures in five to 40 years, most of which PayPal PYPL, … Read more

Tencent, Alibaba Look Like Utilities After $1 Trillion Drubbing

Tencent, Alibaba Look Like Utilities After $1 Trillion Drubbing

(Bloomberg) — For years they were two of the fastest-growing companies worldwide — stock-market darlings worth a combined $1.7 trillion at their peak. Most Read from Bloomberg Now Tencent Holdings Ltd. and Alibaba Group Holding Ltd. are struggling to keep up with even the most staid utilities as China’s crackdown on internet giants takes its … Read more

Michael ‘Big Short’ Burry Shorts Apple

Michael 'Big Short' Burry Shorts Apple

Infamous investor Michael Burry of “The Big Short” has bet against Apple ( (AAPL) – Get Apple Inc. Report), according to a SEC filing. During the first quarter, Burry, a hedge fund investor who is known for predicting and profiting from the housing bubble and subprime mortgage crisis by betting against collaterized debt obligations or CDOs during … Read more