Bets

The meme coin narrative has crumbled in 2022 as two of its finest exponents, Dogecoin (DOGE) and Shiba Inu (SHIB), have lost a massive chunk of their market capitalization and their investor mindshare. Dogecoin (DOGE) is barely holding on to tenth spot while Shiba Inu (SHIB) falls to twelfth in the top 20 cryptocurrencies by market capitalization, from being mainstays in the top 10. Not surprisingly, investors in meme coins have realigned their capital to more profitable projects like Flasko in recent weeks, as the…

Chinese firms for years were among the most aggressive buyers of U.S. luxury hotels, office towers and other commercial real estate. Now they are running for the exits.Chinese companies have sold a net $23.6 billion of U.S. commercial properties since the start of 2019, according to data provider MSCI Real Assets. That marks a dramatic turnaround. Between 2013 and 2018, Chinese firms were net buyers of nearly $52 billion of U.S. commercial properties, according to MSCI.  Buyers from China snapped up aging U.S. office…

Disney Chief Executive Bob Chapek said Thursday that the company's sports network ESPN is looking for a partner to help it step into sports gambling."We at ESPN have the ability to do that. Now we're going to need a partner to do that, because we're never going to be a book, that's never in the cards for the Walt Disney Company," Chapek told CNBC's David Faber said in an exclusive interview. "But at the same time, to be able to partner with a well-respected third party can do that for us."The comments come after activist…

BMW (ETR: BMWG ) will power its new class of electric vehicles, due to go on sale in 2025, with cylindrical battery cells made at six plants by partners including China’s CATL and EVE Energy, in times when the automaker intends to speed up charging and extend autonomy. The German automaker has already placed orders worth several billion euros with CATL and EVE to produce battery cells at four factories in China and Europe, the company said on Friday, adding that it was looking for partners capable of building two…

2024 Chevrolet Equinox EV 3LTGMDETROIT – General Motors' second chance at establishing itself as a mass-market leader in all-electric vehicles is expected to begin next year with the arrival of the Chevrolet Equinox EV.The all-electric crossover is scheduled to go on sale in the U.S. next fall, starting at around $30,000 – a price level many automakers haven't been able to achieve as the cost to build electric vehicles and the batteries needed to power them continues to rise.GM executives expect the 2024 Equinox EV,…

One of the world’s biggest sovereign-wealth funds and its U.S. partner are buying a majority stake in 53 suburban office buildings in a deal valuing the properties at $1.1 billion, a major bet that remote work will boost demand for workplaces close to residential areas. Singapore’s GIC Pte. Ltd. is investing in the buildings alongside Workspace Property Trust, a privately held commercial real-estate firm based in Boca Raton, Fla., according to a person familiar with the matter. The deal…

Wall Street thinks it’s bluffing.This could spell trouble for both of them. Markets pummeled by the Fed’s rate increases in the first half of the year are racing upward. The S&P 500 is up 17% from its mid-June low. The yield on the 10-year U.S. Treasury note, which is used to help set rates on debt such as mortgages and student loans is down more than half a percentage point from its June peak. Even battered cryptocurrencies have jumped. For many investors, the rebound reflects a belief that…

The now bankrupt Three Arrows Capital (3AC) presented signs of mismanagement before the cryptocurrency hedge fund’s ultimate collapse. A report from New York Magazine reveals that 3AC co-founders Kyle Davies and Su Zhu faced criticism from banks and other traders before the company even entered the crypto market. In its early days, the Singapore-based 3AC got into foreign exchange (FX) trading and reportedly practiced something called currency arbitrage, which allowed Zhu and Davies to cash in on mispriced quotes from…

Image via Columbia Pictures The distinct lack of “if” in that headline is no mistake; despite an unsavory duopoly of films from Columbia Pictures, and having already technically made his MCU turn in Agents of S.H.I.E.L.D., fans of Ghost Rider are all but ready for him to show up in a much bigger way. Historically, the character has featured on teams such as the Thunderbolts, the Midnight Sons, and the New Avengers. With that first group confirmed for their own feature film, and the MCU in the midst of…

China is leading the world in building new chip factories, a step toward achieving more self-sufficiency in semiconductors that could eventually make some buyers reliant on China for many of the basic chips now in short supply.As chip makers race worldwide to boost production and ease supply shortages, no country is expanding faster than China, which is slated to build 31 major semiconductor factories, known as fabs, during the four years through 2024, according to the chip-industry group SEMI. That exceeds the 19 coming…