NewsWatch: Bitcoin at $250,000 in a year? This ‘rocket fuel’ will help it get there, says Goldman Sachs alum


Raoul Pal tells bitcoin investors that current volatility is to be expected, but big things are around the corner. See full story.

Dow futures rise as Home Depot reports ‘unprecedented’ quarterly demand

The Dow Jones Industrial Average on Tuesday is poised to open modestly higher, with Wall Street sentiment scoring a lift from better-than-expected quarterly results from retailers, including Home Depot. See full story.

Fund managers position for ‘boom expectations’ with tech demand at three-year lows, Bank of America survey finds

The Bank of America global fund manager survey for May found that investors were increasingly positioned to what it called “boom expectations” — with exposure to commodities, banks, materials, industrials, and U.K. and emerging market assets at highs relative to the last decade. See full story.

The former CEO of Washington Mutual foresees another housing bubble — and he blames the Fed

‘The Fed has gotten hooked on these expansive policies of ultra-low interest rates,’ Kerry Killinger says. See full story.

‘Big Short’ investor Michael Burry makes bearish bet on Tesla

According to a Securities and Exchange filing on Monday, Michael Burry’s Scion Asset Management owned 800,100 long puts against Tesla as of March 31. See full story.


Activists see the controversy as an opportunity to reshape the way schools assess students. See full story.

: Stop new oil and gas investment, energy watchdog says in tougher stance on emissions

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