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Legendary investor Jeremy Grantham warns the S&P is likely to crash by 30% - and could nosedive 50% if the 'wheels fall off'

Legendary investor Jeremy Grantham warns the S&P is likely to crash by 30% - and could nosedive 50% if the 'wheels fall off'

Jump toMain contentSearchAccountTheron MohamedNEW LOOKSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewThanks for signing up!Access your favorite topics in a personalized feed while you're on the go.AdvertisementAdvertisementThe S&P 500 is likely to crash by 30%, and could nosedive by over 50%, Jeremy Grantham has warned. He also predicted that US house prices will slump and a recession will strike next year, and dismissed bitcoin as a con."Anything below 3,000 would make think that it was reasonable," the veteran...

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'Their money couldn't buy a movement': Alexandria Ocasio-Cortez taunts Wall Street after triumphing over her billionaire-backed primary opponent

'Their money couldn't buy a movement': Alexandria Ocasio-Cortez taunts Wall Street after triumphing over her billionaire-backed primary opponent

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.Theron MohamedRedeem nowGet the inside scoop on what traders are talking about — delivered daily to your inbox.Something is loading.Rep. Alexandria Ocasio-Cortez taunted Wall Street on Wednesday after the Democratic primary for New York's 14th Congressional District.The progressive lawmaker's biggest rival was Michelle Caruso-Cabrera, a former CNBC international correspondent whose campaign received donations from several financial titans."Wall Street CEOs, from Goldman Sachs to...

June 24, 2020
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Jeff Bezos is now personally worth more than Nike, McDonald's, Costco, and almost 50% of the Dow

Jeff Bezos is now personally worth more than Nike, McDonald's, Costco, and almost 50% of the Dow

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.Theron MohamedRedeem nowGet the inside scoop on what traders are talking about — delivered daily to your inbox.Something is loading.Jeff Bezos is personally worth more than some of the US' biggest companies, including Nike, McDonald's, and Costco.Amazon's stock price has surged 65% this year, boosting its founder and CEO's fortune to $186 billion as of Tuesday's close, .Bezos owns almost 55.5 million Amazon shares, giving him an 11.1% stake in the e-commerce giant. His Amazon stock...

July 22, 2020
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'Who am I to be bold?': Warren Buffett's lack of stock purchases worries billionaire investor Leon Cooperman

'Who am I to be bold?': Warren Buffett's lack of stock purchases worries billionaire investor Leon Cooperman

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.Theron MohamedRedeem nowGet the inside scoop on what traders are talking about — delivered daily to your inbox.Something is loading.Warren Buffett and Charlie Munger's dearth of stock purchases during the coronavirus sell-off is a red flag for investors, the hedge-fund billionaire Leon Cooperman said in an email obtained by Business Insider."I'm a watcher of Buffett and Munger for good reason," he said. "Uncharacteristically, Buffett sold airlines into weakness and he doesn't seem to be...

May 7, 2020
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Warren Buffett's Berkshire Hathaway has the cash to buy Tesla, Starbucks, or McDonald's after the coronavirus sell-off

Warren Buffett's Berkshire Hathaway has the cash to buy Tesla, Starbucks, or McDonald's after the coronavirus sell-off

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.Theron MohamedRedeem nowGet the inside scoop on what traders are talking about — delivered daily to your inbox.Something is loading.Warren Buffett's Berkshire Hathaway can afford to buy almost any of America's public companies after coronavirus fears decimated their market capitalizations in recent weeks.The famed investor's conglomerate boasted $125 billion in cash, cash equivalents, and short-term investments in US Treasuries at the end of December. Assuming that figure hasn't...

March 28, 2020
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Bargain like Warren Buffett in bailout deals, investor Bill Ackman advises US officials

Bargain like Warren Buffett in bailout deals, investor Bill Ackman advises US officials

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.Theron MohamedRedeem nowGet the inside scoop on what traders are talking about — delivered daily to your inbox.Something is loading.Public officials should drive as hard a bargain as Warren Buffett when they bail out big companies, billionaire hedge fund manager Bill Ackman said in the latest episode of ."The government shouldn't come in on terms that are more favorable than where Warren Buffett would provide the company with capital," the Pershing Square Capital boss told host Shane...

April 29, 2020
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'Big Short' investor Michael Burry calls Tesla's $1.5 billion bet on Bitcoin a distraction — and says Dogecoin's record price signals a massive bubble

'Big Short' investor Michael Burry calls Tesla's $1.5 billion bet on Bitcoin a distraction — and says Dogecoin's record price signals a massive bubble

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.Theron MohamedRedeem nowGet the inside scoop on what traders are talking about — delivered daily to your inbox.Something is loading.Michael Burry questioned and sounded the alarm on in a series of later-deleted tweets on Monday."Chinese regulators summon Tesla on quality issues as consumers complain about quality ... but $TSLA bought $BTC," the Scion Asset Management boss tweeted, using the tickers for Tesla and Bitcoin. "In my mind's eye, so much #digitalconfetti."In other words, Burry...

February 10, 2021
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Twitter loses $5 billion in market value after Trump is permanently barred from the platform

Twitter loses $5 billion in market value after Trump is permanently barred from the platform

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.Theron MohamedRedeem nowGet the inside scoop on what traders are talking about — delivered daily to your inbox.Something is loading.Twitter stock fell as much as 12% on Monday after the social-media company on Friday evening. The share-price decline wiped $5 billion from Twitter's market capitalization.Twitter's bosses suspended Trump's account — which had about 88 million followers — after the world leader's fanning of conspiracy theories about voter fraud and election theft spurred...

January 12, 2021
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Twitter loses $5 billion in market value after Trump is permanently barred from the platform

Twitter loses $5 billion in market value after Trump is permanently barred from the platform

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.Theron MohamedRedeem nowGet the inside scoop on what traders are talking about — delivered daily to your inbox.Something is loading.Twitter stock fell as much as 12% on Monday after the social-media company on Friday evening. The share-price decline wiped $5 billion from Twitter's market capitalization.Twitter's bosses suspended Trump's account — which had about 88 million followers — after the world leader's fanning of conspiracy theories about voter fraud and election theft spurred...

January 12, 2021
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Warren Buffett is buying a secret stock that could be revealed within weeks

Warren Buffett is buying a secret stock that could be revealed within weeks

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.Theron MohamedRedeem nowGet the inside scoop on what traders are talking about — delivered daily to your inbox.Something is loading.Warren Buffett is buying a new stock but doesn't want to spill the beans just yet.It appears the famed investor secured permission from regulators to not disclose his ongoing purchase in Berkshire Hathaway's 13F filing for the third quarter, which was published on Monday."Confidential information has been omitted from the public Form 13F report and filed...

November 10, 2020
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