Crypto and tech are the first dominoes to fall as stimulus liquidity dries up, says this money manager. Here’s what could happen next.

Crypto and tech are the first dominoes to fall as stimulus liquidity dries up, says this money manager.  Here's what could happen next.

Markets probably didn’t need another more brick on the 2022 wall of worries, but got one anyway as FTX, the world’s third largest crypto exchange, is teetering on a collapse that could upend already shaky broader risk appetite. Read: Sequoia on its FTX investment: Some surprise to the upside, and some surprise to the downside … Read more

Tesla stock rises after EV maker reports better-than-expected Q2 profit, jump in sales

Tesla stock rises after EV maker reports better-than-expected Q2 profit, jump in sales

Tesla Inc. late Wednesday reported second-quarter earnings above Wall Street projections, defying expectations that COVID-related shutdowns in China would hurt its bottom line, thanks to vehicle price increases and selling of most of its Bitcoin. The quarter was challenging, but “we have the potential for record-breaking second half of the year,” barring force majeure and … Read more