Big news on Wall St

While high profile celebs have publicly backed crypto, old school investor’s like Charlie Munger, who prefers bricks ‘n’ mortar businesses and called Bitcoin ‘stupid, evil’, have stayed away. Yep, everyone has an opinion. But has crypto’s growth spurt caused, erm, shrinking pains?

It hasn’t been coming up roses here on planet Earth with headwinds hitting home. No surprise people are stargazing as the space race continues to take off. Even beleaguered Boeing took off in a big jet rocket, and Rocket Lab’s shooting for the moon.

Since the first stake in the ground in 1906 in Las Vegas, casinos have created adult playgrounds worth billions. Despite covid’s attempts to take down the house, casinos’ chips’ revenue are up in 2022, ringing in record revenue. Could iGaming become casinos’ next ace in the hole?

TikTokers flashing off their #gifted haul are sending Gen Z shopaholics into a debt spiral using buy now, pay later (BNPL) schemes. Worst could be yet to come with mortgage brokers treating BNPL overuse as they do drinking and gambling addictions.

Has Google taken a bite out of the Apple playbook? The tech juggernaut giants have approached market domination from different directions, but with Google powering up their hardware, is it time for Apple’s next move?

Earnings from big fossil fuel have been getting more oiled up than Pita Taufatofua pushing the iShares US Energy ETF share price up 41% this year. 😲 So what’s happening with ‘green’ focused ETFs that have shunned the big oil companies?

Airbnb announced they have more than 100 million bookings ahead… but this week their share price fell. 📉 Swivel yer head ‘round the 360 on the Silicon Valley startup…which began when two roomies rented air mattresses on their lounge floor. Actual.

Rule #1 of investing: do your research. Rule #2 of investing: do your research! 👀 Last week panic-sellers learned a lesson in mistaken identity, but not before Alibaba’s share price tumbled $26b (then recovered).

They’re not called the GOATs of investing for nothing. Hosts of the Woodstock for investors, aka the Berkshire Hathaway AGM, Warren Buffett and Charlie Munger dropped some sauce on Wall Street this weekend. Here’s some of it!

What happened when sky pioneer Boeing focused on revenue not aircrafts? They were grounded for 18 months with their reputation left on the runway. And that’s without the Air Force One deal that may leave them US$1.1 billion out of pocket.

Been downsizing at Macca’s? Seems like that’s been takeaway flavour of the month. Even Coke’s fizzling with shrinkflation. But what does it all meeeean? Downsize your meal as you upsize your knowledge.

Even the best and brightest investors get it wrong. 📉 And there’s one fail that takes the cake… or should we say apple pie? 🥧