Investing & Markets
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Ouch! Billionaires can be so harsh, lol. Tesla CEO Elon Musk’s trust sold about $6.9 billion worth of stock in the company over the last week. Some of the shares were sold in part to satisfy tax obligations related to an exercise of stock options but he’s just cashing in on record stock price. Despite…
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As https://www.bing.com/search?q=warren+buffett&cvid=92f52ed28ecc437ba17b7df32c0e1bdf&aqs=edge.0.0l9.11732j0j1&pglt=2083&FORM=ANNTA1&PC=U531# takes centre stage this afternoon at 4 pm EST (9 pm BST) to host the Berkshire Hathaway Annual General Meeting, I’m looking forward to hearing his perspective on the coronavirus pandemic and implication for investors. Buffett has been surprisingly quiet over the past few months as the U.S. markets crashed and rebounded almost…
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Global stock markets and in particular the S&P 500 index had once of the largest sell-offs in history as highlighted by the chart above. Only during the 1987 stock market crash ‘Black Monday’ did we have a steeper sell-off with the market falling on average 2.5% per day. Image source: Tastytrade