The Capitalist Countdown is a weekly series that features the biggest stories from the market’s hottest stocks as well as news from under-the-radar hidden gems capable of delivering mutibagger returns to your portfolio.
Please sit back, relax and enjoy Capitalist Countdown’s top 5 market-moving news stories for the week of September 5th – 11th, 2022.
As the Number of Smokers in the U.S. Gradually Decreases, the Number of People Who Vape Instead is Increasing
Worried about the health effects of cigarette smoking but unable to kick the nicotine or psychological addiction, many former smokers are embracing the vape offerings of brands such as Juul, including underage teens. Juul is 35% owned by tobacco giant Altria Group (NYSE: MO).
“It’s All Fun and Games Until Someone Gets Hurt”
It’s a phrase we’ve all heard countless times, usually when engaging in a dangerous pastime. What’s fun and innocuous now could quickly get out of hand, leading to unintended consequences, such as the recent tragic death of Bed Bath & Beyond’s (NASDAQ: BBBY) CFO.
The Bears Have Had Their Time in the Sun For Most of 2022
With equities down across the board, learn how everyday investors are still generating profits using these Inverse ETFs.
2022 Has Seen the Bottom Fall Out of Cryptocurrency Prices, NFT Interest Plummet, Several Crypto Exchanges Commit Fraud or Become Insolvent, and Now We Can Add Gross Mismanagement to the List
In late 2021, Crypto.com botched a simple $100 transfer and instead sent $10.5 million to an Australian woman. To make matters even worse, it took the Crypto firm seven months to notice the mistake, and as of now, the company has yet to recover any of the funds nine months later!
2022 Has Been the Worst Year for Inflation in Decades
The combination of excess money printing, the pandemic and the Russia-Ukraine war has caused inflation to spike to levels not seen since the 1980s. To combat inflation, the Federal Reserve has resorted to raising interest rates, with Fed chair Jerome Powell recently indicating that the central bank will continue its aggressive rate hike strategy for the foreseeable future.
Disclaimer: Wealthy VC does not hold a position in any of the stocks mentioned in this article.