Business

Investors could lose $8.4 trillion to the climate crisis over 15 years as ocean health declines, WWF warns

12 days ago   |   By Business Insider

Rising sea levels and increasingly bad weather are big risks to the economy.
Sean Rayford/Getty Images
Investors could lose trillions of dollars as the climate crisis hits oceans, the WWF has said.
An estimated $8.4 trillion of assets and revenues are at risk from rising temperatures.
The financial community is embracing green investing ahead of the COP26 summit.
Investors face a hit of $8.4 trillion to assets and revenues over the next 15 years as the climate crisis damages ocean health, unless action is taken to hold down global temperatures, the World Wildlife Fund has found. Under a...
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'Big Short' investor Michael Burry teases a bet against crypto - and warns market speculation has reached historic levels

12 days ago   |   By Business Insider

Michael Burry.
Astrid Stawiarz/Getty Images
Michael Burry is considering placing a wager against cryptocurrencies.
"The Big Short" investor asked on Twitter how he could bet against the digital coins.
Burry warned that market speculation has likely reached unprecedented levels.
Michael Burry, who made his name and fortune by betting against the housing bubble, has set his sights on a new target: cryptocurrencies. "Ok, I haven't done this before, how do you short a cryptocurrency?" he said in a now-deleted tweet this week. "Do you have to secure a borrow? Is there a short rebate? Can the...
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