Bitcoin soaring to $150,000 this year

Hedge fund manager Mark Yusko is predicting bitcoin will more than double this year to $150,000. “Get off zero,” the Morgan Creek Capital Management CEO and chief investment officer told CNBC’s “Fast Money” this week. Yusko thinks investors should have at least 1% to 3% allocated to bitcoin in their portfolios. “Bitcoin is the king. […]

Huawei’s profit doubled in 2023 as smartphone, autos business picked up

Huawei brought one of the largest displays to Mobile World Congress in Barcelona in February 2024. Sopa Images | Lightrocket | Getty Images BEIJING — Chinese telecommunications company Huawei said Friday its net profit for 2023 more than doubled thanks to better product offerings. The company also attributed the profit gains to revenue growth of […]

The S&P 500 is riding high. Resist the urge to time a pullback

Man, what a run it’s been. The S & P 500 is closing out the first quarter on an epic win streak: The index is up 10% year to date and an amazing 25% in the past five months. A run of 25% in any five-month period is a very rare event. Since 1950, there […]