With just over a month left in 2022, it seems clear that Nike (NYSE: NKE) and Microsoft (NASDAQ: MSFT) will be among this year's weakest performers on the Dow Jones Industrials (DJINDICES: ^DJI) index. Let's take a look at whether Nike and Microsoft could be excellent choices for patient investors after their stock price slumps in 2022. Nike's stock is getting pummeled by worries about how an economic slowdown might hurt its footwear and apparel businesses. Read More...
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They Burned Down Crypto. Now They Want a Comeback
On Wednesday, Vox published a bombshell interview with former crypto exchange FTX CEO Sam Bankman-Fried, where the 30-year-old crypto trader all but revealed he had, in fact, co-mingled customer funds with those of his hedge fund, Alameda Research. This would be a problem on its own, as it violated FTX’s terms-of-service as well as likely falls afoul of wires or securities laws. Bankman-Fried’s crime, which “wasn’t quite lending [customer deposits] out” but something “messier,” “more organic” and “reasonable” than that, was compounded after a run on his exchange left up to one million FTX users without access to their funds.
