CNBC’s Jim Cramer, citing a famous quote from Alexander Haig, recently told his co-host David Faber that Reddit, not Citigroup C, +0.28%, was “in control.” He then used a “Rock, Paper, Scissors” metaphor to hammer home his point. “Citi’s paper, OK? Reddit’s scissors,” Cramer said. Cramer and Faber were discussing …
Read More »: Chris Sacca mocks ‘Robinhood bros’ who spurn his investment advice: ‘Stonks never go down!’
Veteran venture investor Chris Sacca has a word of warning for beginner investors who made off like a bandit this year: It’s not you. In a tweet Tuesday, Sacca dropped this “hard truth” on newbie investors: “You’re not actually that good at it. You just caught a wild bull market,” …
Read More »The Moneyist: I’m 24 and dating a 64-year-old man. He wanted to get married, but I discovered he never got divorced. Have I been conned?
Dear Moneyist, I am 24 years old and I have been in a relationship with a 64-year-old man for five years. He is financially secure, he takes us on vacations, and he wanted to get married when we first met. He was in the U.S. Army and has been married …
Read More »Key Words: ‘Travel will never, ever go back to the way it was,’ Airbnb CEO says
“ “Travel will never, ever go back to the way it was pre-COVID.” ” That’s the grim view of Airbnb Inc. co-founder and Chief Executive Brian Chesky, in an interview published Sunday by Axios. “I will go on the record to say that travel will never, ever go back to …
Read More »The Tell: After coronavirus, the U.S. will ‘never return to free-market capitalism as we knew it,’ says Guggenheim’s Minerd
Scott Minerd, global chief investment officer at Guggenheim Partners isn’t optimistic about the economic recovery from the coronavirus pandemic, and he worries the tepid rebound could lead to a “populist revolt to address massive inequality of income and wealth.” Minerd wrote in a Sunday blog post that he predicts there …
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