CMQ Market News - Buffett’s $5 Billion Petroleum Bet, U.S. Pension Funds Down $475 Billion, Shake Shack’s Bitcoin Strategy, & More
Description
In Episode #76 of the CMQ Investing Podcast, I review and share my thoughts on today's investing news—including the record surge in U.S. gas prices, Berskhire's $5 billion bet on Occidental Petroleum (OXY), major equity losses in U.S. pension funds, Shake Shack's Bitcoin loyalty rewards, crypto's new ally in the U.S. Senate, and much more. If you enjoy the episode, please subscribe and share.
Nick Maggiulli is the Chief Operating Officer at Ritholtz Wealth Management and author of the popular investing book Just Keep Buying: Proven ways to save money and build your wealth. If you enjoy this episode, buy Nick's book on Amazon and follow CMQ Investing for free.
Published 11/01/22
Cathie Wood's ARKK Fund is imploding, just as I predicted it would in January of 2022. Yesterday the ARK Invest CEO published an open letter to the Federal Reserve chair, Jerome Powell, encouraging him to lower interest rates. I can't make this up! Listen to this episode for my immediate...
Published 10/11/22