Bitget CEO says $388M hack exploited third-party security vulnerability
Some stolen assets have been frozen, but Bitget has yet to disclose how much has been recovered as investigators continue to assess a possible North Korea…
Microsoft’s stock has roared back to life and is now headed for its highest close of the year
Microsoft shares got off to a rough start this year, but investors have warmed to the company’s AI narrative over the last few months. Source：MarketWatch
This is why you might see 8% mortgage rates soon
Also in Weekend Reads: The bond market selloff’s consequences for AI, a threat to the buyandhold investment style and advice from the Moneyist.…
Micron investors should get ready for a seesaw ride, analyst says
The timing of an Nvidia product ramp may require a balancing act for Micron investors, as some estimated revenue shifts toward next year instead of this year.…
Tesla’s stock falls as launch of Semi truck fails to excite investors
Autonomous trucking represents a compelling opportunity for Tesla, but it’s unclear what the company’s initial Semi targets look like. Source：MarketWatch
Exchanges reporting crypto gains to IRS becomes tax nightmare
The IRS can now see your crypto gains, but has no idea about the costbasis. That’s proving to be a big headache for some cryptocurrency investors.…
How to keep profiting from AI while shielding your portfolio against the risk of a slowdown
Jamie Wilhelm and Sunit Gogia of Fort Washington Investment Advisors expect the AI wave to continue, but describe leading indicators of an eventual downturn.…
Why the alternative to the ‘clear and present’ danger from bond yields is this AI-fueled market that has quietly outperformed
U.S. stocks are facing hurdles and investors may need to consider looking elsewhere. Goldman Sachs’ global head of hedge fund coverage says Japan may be the…
After capital-markets day flop, Novo strikes licensing deal that sends a Swedish company’s stock soaring
Just days after a capitalmarkets day left investors wondering what’s next for Novo Nordisk, the Danish drug giant struck a licensing deal worth over $1…
Bitget CEO suspects North Korea behind $352M hack, citing IP clues
Bitget CEO Gracy Chen said a preliminary investigation found IP addresses matching VPN choices associated with a DPRK hacking group. Source：Cointelegraph
Why investors aren’t buying yet another attempt by the Treasury to calm the rattled bond market
Backtoback weak auctions for Treasury notes show that government repurchases haven’t spurred demand for bonds. Source：MarketWatch
Stop trying to beat the market: Even the richest Americans can’t do it consistently
The 400 richest Americans would collectively have performed better over the past 12 months had they invested their net worths in an S&P 500 index fund.…