The U.S. national debt is hurtling toward $40 trillion, and Bank of America Research strategist Michael Hartnett’s “Anything but Bonds” framework is becoming ever more applicable. Boiled down, Hartnett warns the US is accumulating too much debt, which causes the government to issue too many bonds—and investors want compensation for the fiscal risk—making long-duration Treasurys
Selena Gomez set out to create “the world’s first mental fitness ecosystem.” Instead, the startup is becoming her own personal headache. A federal lawsuit filed Thursday offers a detailed account of what investors say went wrong at Wondermind — from an app that was never built to major corporate partnerships they allege never existed. Gomez
Selena Gomez is being sued by five investors in her mental health company, Wondermind Global. The Hollywood actress and pop star founded the company with her mother five years ago, but now investors are claiming her ‘abject dereliction of duties’ has left the company in a ‘state of financial difficulty’. The lawsuit will try to
SpaceX’s stock could come under pressure again as more early investors gain the freedom to cash in their stakes, said research analyst and “Prof G Markets” podcast co-host Ed Elson. Elson discussed the risks surrounding SpaceX’s mega IPO in June during an episode of Kara Swisher’s “On” podcast, released on Thursday. He said that although
The fact that I am writing this is a bit shocking to me. I have been indifferent to gold for a long time, and for a simple reason: it falls outside my value framework. It has no cash flows. I have no idea what it is worth. I can debate the value of Microsoft or
Singer and actress Selena Gomez and her mother are being sued over their mental health startup, Wondermind. The plaintiffs in the lawsuit say they invested nearly $1.2 million in the startup, and are accusing Gomez of securities fraud and breach of contract. They allege that the startup failed to deliver on its commitments without informing