Capitalist Countdown: Wealthy VC’s Top 5 Investing News Stories of the Week
Welcome to Wealthy VC’s Capitalist Countdown
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 November 28th – December 4th, 2022.
The Fear of a Possible Recession Has Dominated the Minds of Investors and Business Executives Alike in the Second Half of 2022
With the U.S. entering a recession in the near future now almost a certainty, Amazon (NASDAQ: AMZN) founder and multi-billionaire Jeff Bezos is sounding the alarm, offering important advice on how best to weather the upcoming financial storm.
John Ray III, the Newly Appointed CEO of FTX, Has Been Tasked With Overseeing the Failed Crypto Exchange’s Bankruptcy and Restructuring
Ray, who oversaw the bankruptcy and restructuring of one of the largest bankruptcy reorganizations in U.S. history with Eron in the early 2000s, commented on FTX, stating, “in his 40 years of legal and restructuring experience,” he’s never seen “such a complete failure of corporate controls and such a complete absence of trustworthy financial information as occurred here.”
3. ELEVAI Labs Bolsters Advisory Board With Addition of New Strategic Advisor James R. Headley
James Headley, the Former Head of ZO Skin Health, Will Join the Rapidly Growing Regenerative Skincare Company ELEVAI Labs
ELEVAI Labs, a medical aesthetic biotechnology company, specializing in regenerative skincare, proudly announces that cosmetic industry veteran James R. Headley joins the team as a Strategic Advisor. Mr. Headley, previously CEO of ZO Skin Health, will play an active role in supporting the ELEVAI management team as it evaluates strategic growth initiatives, product launches and partnerships. Headley will also leverage his extensive beauty industry background to support ELEVAI in business development and developing relationships with key opinion leaders in the aesthetic space.
Ed Yardeni, President of Yardeni Research and Brian Levitt, Invesco’s Global Market Strategist, Joined CNBC’s ‘Squawk on the Street’ This Morning to Talk About the Recent Inversion of the Yield Curve and What it Means for Interest Rates, Inflation and the Stock Market
According to Yardeni Research’s president and founder, Ed Yardeni, the yield curve’s inversion is indicating that long-term interest rates have peaked and the Federal Reserve’s tightening policy is likely approaching its limit. Yardeni also predicts that the inversion of the Yield Curve could signal that the stock market has bottomed.
Prior to Being Taken Over By Elon Musk, Twitter Was Struggling, With the Company Spending Way Too Much on a Bloated Workforce
It courted criticism from all sides for how it handles content moderation, with some saying Twitter is not doing enough to quell hate speech and misinformation, while others believe that Twitter should essentially take a hands-off approach. The most pressing obstacle, the decreased ad spending by companies such as General Motors (NYSE: GM) and Eli Lilly (NYSE: LLY) as they prepare for a possible recession, is putting significant pressure on revenues.
Update: Elon Musk visits Apple (NASDAQ: AAPL) CEO Tim Cook, at corporate headquarters. Beef Squashed?
Read More:
Bob Chapek Ousted as Disney Brings Back Bob Iger as CEO in Surprise Move, DIS Stock Soars (VIDEO)
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