This star hedge-fund manager says some major tech names are now value plays, as he shorts one meme-stock favorite

This star hedge-fund manager says some major tech names are now value plays, as he shorts one meme-stock favorite

Stocks are on the rebound again, at least that’s the vibe from futures. That’s a day after Federal Reserve Chair Jerome Powell confirmed to lawmakers, what markets already knew — that a soft economic landing might be tricky while taming the inflation beast. Along with average investors, hedge funds have had a rough start to … Read more

I’m the COO of a mortgage company that’s funded more than $100 billion in loans. Here are the 3 things you need to know about the housing market now

I'm the COO of a mortgage company that's funded more than $100 billion in loans.  Here are the 3 things you need to know about the housing market now

Steve Reich Mortgage rates climbed above 6% last week, according to Bankrate data, with some pros saying they may go higher. (You can see the lowest mortgage rates you may qualify for here.) On top of that, home prices have risen more than 20% year-over-year, causing affordability challenges for many aspiring homebuyers. And it’s likely … Read more

Coinbase CEO tells workers to quit if they don’t believe in top execs, after petition for leadership changes

Coinbase CEO tells workers to quit if they don't believe in top execs, after petition for leadership changes

Coinbase Global Inc. has had a rough stretch lately, as plunging prices for cryptocurrencies have dampened trading interest and prompted the company to curtail rapid hiring plans. The company also seems to be suffering from some internal tensions, judging by a petition posted to decentralized publishing platform mirror.xyz that called for the removal of several … Read more

Former Amazon Executive Dave Clark Named CEO at Flexport

Former Amazon Executive Dave Clark Named CEO at Flexport

Dave Clark, who led the sweeping logistics expansion at online retailer Amazon. com Inc., will become chief executive of Flexport Inc., the digital-focused freight forwarder that has emerged as one of the biggest in a stable of tech-forward shipping startups. Mr. Clark, who resigned last week as CEO of Amazon’s consumer business, will join Flexport … Read more

Platoon Swaps Out Finance Chief as It Navigates Persistent Losses

Platoon Swaps Out Finance Chief as It Navigates Persistent Losses

Interactive Platoon Inc. is exchanging its top finance executive about four months after it named a new chief executive, a move that comes as the fitness-equipment maker navigates persistent losses. The New York-based at-home exercise equipment company on Monday said Liz Coddington will serve as its chief financial officer, effective June 13. Peloton said its … Read more

Platoon Swaps Out Finance Chief as It Navigates Persistent Losses

Platoon Swaps Out Finance Chief as It Navigates Persistent Losses

Interactive Platoon Inc. is exchanging its top finance executive about four months after it named a new chief executive, a move that comes as the fitness-equipment maker navigates persistent losses. The New York-based at-home exercise equipment company on Monday said Liz Coddington will serve as its chief financial officer, effective June 13. Peloton said its … Read more

Tesla Stock Falls After Harassment Allegations Against CEO

Tesla Stock Falls After Harassment Allegations Against CEO

Text size Tesla’s Shanghai factory. Xiaolu Chu/Getty Images You’re here stock took a beating as investors digested sexual-harassment allegations against CEO Elon Musk. Thursday, Business Insider reported that SpaceX paid a flight attendant $250,000 in 2018 to settle claims that in 2016, Musk exposed himself to her and indicated he would pay her for sexual … Read more