Investors

70% of Investors: The Coronavirus Recession Will Be Worse Than 2008

Seventy percent of investors in a recent survey said the coronavirus recession would be worse than the 2008 financial crisis. But interestingly, 55% say the recession will be over within a year. It took the S&P 500 16 months just to reach bottom during the 2008-09 crisis. And it took over five years to fully…

3 Ways Investors are Reaping the Gold Rally Without Physical Gold

Spot gold set a seven-year record last week. And investors can’t get their hands on physical bullion. Here are three ways they’re getting exposure to the precious metal. The spot price of gold broke $1700 USD per ounce last week, a seven-year high for the precious metal. Some analysts are eyeing $1,800 for the ounce…

Investors Shouldn’t Sweat Coronavirus: Ray Dalio

Ray Dalio sees little to worry about regarding the coronavirus outbreak. The hedge funder expects markets to rebound despite concerns over slowing growth. The virus will shave about one percentage point from China’s economic growth rate. Even as the death toll from the fast-spreading coronavirus illness exceeds 1,000 people in China and the number of…

Crypto Investors’ Ethereum Secretly Used to Prop up HEX ‘Scam Token’

The HEX purchase address used 50 ETH to buy more tokens. The tokens were then sent to an exchange to provide liquidity for HEX traders. HEX continues to benefit its founder, to the severe detriment of its investors. Ethereum (ETH) from the flush address of the controversial HEX cryptocurrency is being recycled to buy more…

After Uber, Investors Dodged a Bullet in the WeWork IPO

It’s official. Adam Neumann is no longer at the helm of the workspace startup he founded, WeWork, amid a stalled IPO that has shattered the dreams of both the company and its backers for a huge payday. We couldn’t ignore the similarities between WeWork and another tech unicorn that managed to pull off its debut…