Wall Street Today | Elon Musk says Bill Gates has 'multi-billion dollar' Tesla short position
MACRO
Fed Carrying $330B in Unrealized Losses on Its Assets According to Q1 Financial Statement
The U.S. Federal Reserve is carrying $330 billion in unrealized losses on its holdings of U.S. Treasury and mortgage-backed securities as of the end of March, according to newly released financial statements showing the impact of rising interest rates on the market value of the Fed's balance sheet.
The central bank's holdings of nearly $9 trillion in assets still allowed the Fed to remit $32.2 billion to the U.S. Treasury in the first quarter of 2022, according to the documents.
Wild Five Months Leaves Wall Street Split on When Selloff Ends
No doubt, it's been an awful start to 2022 by almost any measure. The $S&P 500 Index(.SPX.US$ 's 13% drop so far this year is its biggest since 1970, fueled by recession fears as the Federal Reserve embarks on its most aggressive tightening of monetary policy since 2000 to fight inflation. Rising interest rates dented the allure of technology and growth shares, with the $NASDAQ 100 Index(.NDX.US$ 's 22% plunge ranking as its largest ever.
What Stock Investors Are Watching for: Signs of Stability
The turmoil in U.S. stocks has nervous investors parsing the market's internal gauges for signs of relief. Wall Street's ‘fear gauge,’ investors' sentiment and bond spreads are tracked for clues on where the market might go next.
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Silicon Valley Investors Give Startups Survival Advice for Downturn
Venture-capital doyens including Lightspeed Venture Partners, Craft Ventures, Sequoia Capital and Y Combinator are telling the founders that they need to take emergency action for what could be the sharpest turn in more than a decade. Their advice includes cutting costs, preserving cash and jettisoning hopes that hedge funds or other investors will swoop in with big checks.
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SECTORS
Goldman Says Bull Market in Battery Metals Is Finished for Now
$Goldman Sachs(GS.US$ said the price of three key battery metals -- cobalt, lithium and nickel -- will drop over the next two years after investors wanting exposure to the green-energy transition piled in too quickly. The long term prospects for the metals remain strong, not least because of the rapid adoption of electric vehicles. But investor exuberance has led to an oversupply.
Bottleneck Fuels Record-High Gas Prices
A shortage of fuel-making facilities is pushing U.S. gasoline and diesel prices to record levels, just as drivers prepare for the summer driving season. Gasoline prices topped $4 a gallon in all 50 U.S. states in recent days for the first time ever. Higher crude oil prices are contributing to the cost of gasoline, but the primary culprit behind the pain at the pump is a lack of global refining capacity, say energy executives and analysts.
COMPANIES
Elon Musk Says Bill Gates Has 'Multi-Billion Dollar' Tesla Short Position
Bill Gates has a short position against $Tesla(TSLA.US$ that would now need between $1.5 billion and $2 billion to close out, Elon Musk said Friday in a series of tweets. Musk said the position was $500 million and grew after Tesla “went up a lot.”
Rivian Manufacturing Executive Departs in Management Shuffle
The automaker is parting ways with Charly Mwangi, executive vice president of manufacturing engineering, CEO R.J. Scaringe said in an internal email. $Rivian Automotive(RIVN.US$ 's new chief operations officer, former Magna International Inc. executive Frank Klein, will start on June 1, Scaringe said.
McDonald's New Brand Name in Russia Could Be 'Fun and Tasty'
$McDonald's(MCD.US$ 's in Russia has registered possible brand names for the firm taking over its fast-food restaurants there, including "Fun and Tasty" and "The Same One," patent filings showed on Friday. The world's largest burger chain has nearly 850 restaurants in Russia, and it's selling those stores to local licensee Alexander Govor. Govor will operate the brand under a new name in Russia.
Source: Bloomberg, WSJ, CNBC，CNN, Reuters
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ToastofGJ : h ng Gates of Hell.
71685306 : All of a sudden there is a shortage of fuel making facilities.....This stuff is laughable. They will say anything to justify the gouge
耐心等待2024 : Gates is also a hypocrite.