Michael Burry of ‘The Big Short’ asked about shorting crypto days before bitcoin hit $60,000

Andrew Toth | Magic movie | Getty Images “The Big Short” investor Michael Berry inquired about ways to bet on bitcoin before the world’s largest cryptocurrency hit a six-month high to break through the $60,000 level. “Well, I’ve never done this before, how do you sell cryptocurrency,” Puri said in a tweet on Wednesday. “Do … Read more

China’s central bank says Evergrande is unique and most real estate developers are stable

An outside view of the Evergrande China Center in Hong Kong, China on March 26, 2018. Bobby Yip | Reuters BEIJING – The People’s Bank of China said Friday that debt developer China Evergrande is its own case, and that most of the country’s real estate companies are stable. Real estate giant Evergrande has $300 … Read more

Bitcoin is inches away from reaching $60,000 amid ETF speculation

Bitcoin on display. Chesnot | Getty Images Bitcoin soared on Friday to a five-month high, and was inches away from reaching $60,000. The world’s largest cryptocurrency climbed to $59,920, hitting its highest level since May. 10. But it struggled to break above the $60,000 barrier. Bitcoin last traded 2.5% higher in the past 24 hours, … Read more

China risks making ‘big mistakes’ with crackdown: Ex-IMF chief economist

The former chief economist of the International Monetary Fund has said that China risks making “big mistakes” as it cracks down on large swathes of its economy from technology to tutoring and real estate. “I’m very concerned about China because it is somewhat attacking the basis of its growth so far,” Raghuram Rajan said in … Read more

GDP forecasts by Goldman, JPMorgan, Citi, Stanchart

Workers work at a swimwear factory in Jinjiang, southeast China’s Fujian Province, on Tuesday, September 28, 2021. China advantage | Barcroft Media | Getty Images BEIJING – Ahead of China’s quarterly growth figures on Monday, most major investment banks cut their economic forecasts for the year and warned that sudden power outages and a downturn … Read more

Here’s ‘Jeopardy!’ champ Matt Amodio’s plans to invest his winnings

Matt Amodio, who ran profusely on “Danger!” Finished earlier this week, telling CNBC Thursday that he has no risky investment plans with regards to his earnings. “You’ve got a boring answer,” Amodio said on “Squawk on the Street.” “I’m going to make a long-term investment and hold on.” Before losing on the episode that aired … Read more

Wall Street rally, currencies and oil

SINGAPORE – Stocks in Japan looked poised for a positive start on Friday after overnight gains on Wall Street as the S&P 500 jumped nearly 2%. The Nikkei 225 index futures contract in Chicago was 28815 while its counterpart in Osaka was 28810. This compares with the last close of the Nikkei 225 index at … Read more

Stock futures are flat after S&P has best day since March on strong earnings

US stock index futures were little changed during overnight trading on Thursday, after the S&P 500 posted its best day since March on stronger-than-expected earnings. Futures related to the Dow Jones Industrial Average gained 36 points. S&P 500 futures rose 0.11%, while Nasdaq 100 futures rose 0.12%. During regular trading, the S&P 500 advanced 1.71%, … Read more

Virgin Galactic SPCE delays commercial spaceflights to Q4 2022

The VMS Eve carrier takes off from Spaceport America in New Mexico, carrying the VSS Unity spacecraft on July 11, 2021. Virgo Galaxy Virgin Galactic has delayed the start of commercial space tourism services to the fourth quarter of 2022, with the company on Thursday announcing a realignment of its development and flight test schedule. … Read more