DAVOS, Switzerland — Bitcoin does nothing, JPMorgan Chase CEO Jamie Dimon said Wednesday on the sidelines of the World Economic Forum. “I call it the pet rock,” he added. Dimon is a long-time bitcoin critic. The bank chief said in 2021 at peak crypto valuations that bitcoin was “worthless,” and he doubled down on that sentiment last … Read more
A pedestrian walks past the TATA pop up store with a poster reading ‘The Future is AI’ ahead of the World Economic Forum (WEF) in Davos, Switzerland, on Sunday, Jan. 14, 2024. Bloomberg | Bloomberg | Getty Images DAVOS, Switzerland — For the last few years at the World Economic Forum cryptocurrency firms dominated the … Read more
Zurich’s main train station MacKenzie Sigalos DAVOS, Switzerland — It took 18 hours, a Lyft, two planes, three cross-country train rides, and a drive in a Volvo sports utility vehicle to get from midtown Manhattan to an apartment on Scalettastrasse, a snow-lined street in the heart of Davos. The small Swiss Alpine town is again … Read more
An Android character is displayed at Google headquarters on December 19, 2023 in Mountain View, California. Justin Sullivan | Getty Images After a year defined by mass layoffs among Silicon Valley giants, technology workers are trading the prospect of high-growth equity and household-name employment for something more stable. According to 2023 data from tech interviewing … Read more
Wall Street analysts revealed bold predictions on four portfolio stocks this week, as investors digested the latest inflation data and December earnings season kicked off. Here’s a summary of each report, along with the Club’s updated take on each. Morgan Stanley Wall Street’s take: HSBC cut Morgan Stanley’s rating to hold from buy on Monday, … Read more
CNBC’s Jim Cramer said today’s market presents a rare landscape where analyst upgrades and price target bumps are catalysts for market action. “These recommendations and little tidbits and asides suddenly have power in this market because, at the moment, there doesn’t seem to be anything about what we call ‘resistance,’” he said, “Meaning there’s nothing … Read more
(L-R) Gary Swidler, chief financial officer of Match Group, Greg Blatt, chairman of Match Group, Sam Yagan, CEO of Match Group and co-founder and CEO of OkCupid and Nelson Griggs, vice president of Nasdaq, pose for a photo in Times Square after celebrating Match Group’s initial public offering (IPO) at the NASDAQ stock exchange on … Read more
Apple launched its Vision Pro headset at its annual WWDC event on Monday, ending months of speculation that the Cupertino tech giant was getting ready to launch its own VR or augmented reality product. Josh Edelson | AFP | Getty Images Apple’s Vision Pro will launch in the U.S. on February 2, the company said … Read more
CNBC’s Jim Cramer on Tuesday broke down the five best and worst performers on the Dow Jones Industrial Average during 2023. Cramer compared each Dow company’s closing price in 2022 to the end of 2023, noting the most significant winners and losers. Many tech-related stocks saw significant full-year gains, while some stocks with the greatest … Read more
It was a big rebound year for stocks. The S & P 500 gained 24%, while the Dow rose 14% and the tech-heavy Nasdaq rose more than 43%. All three major averages were coming off big losses in 2022. Our portfolio of 33 stocks also bounced back. Throughout the year, we held onto our conviction … Read more
