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☆ Here's where Meta shares could go from here after their post-earnings sell-off, according to the charts
▼ + stars: | 2024-04-25 | by ( David Keller | ) www.cnbc.com time to read: +3 min

Since February, Meta Platforms has been trending slightly higher on weaker price momentum. Since early 2023, META has experienced a period of remarkably positive price momentum. META has been trending slightly higher since February, yet the RSI has been sloping downwards. Thursday's initial gap lower dropped META right into the middle of the price gap formed in early February. This would also mean a retest of the 200-day moving average, which META has not touched since February 2023.

Persons: We'll, — David Keller Organizations: RSI, CMT

☆ A measure of the market's internal strength suggests more downside is ahead for stocks
▼ + stars: | 2024-04-18 | by ( David Keller | ) www.cnbc.com time to read: +4 min

One market breadth indicator suggests that we may still be in the early phases of a market decline. We had been focused on the 5050 level for the S & P 500 as a key "line in the sand" for equities. Looking back over the last two years, you'll notice the green-shaded areas in October 2022, March 2023, and October 2023 aligned well with major market bottoms. Earlier this month, the S & P 500 bullish percent index again broke below the 70% level, indicating a major market top had likely occurred. With the strength of the S & P 500 and Nasdaq 100 off the October 2023 market low, it can be tempting to treat all pullbacks as buying opportunities.

Persons: We've, David Keller Organizations: Nasdaq, CMT

☆ A dreaded 'death cross' chart pattern points to even more losses for this struggling software stock
▼ + stars: | 2024-04-11 | by ( David Keller | ) www.cnbc.com time to read: +3 min

This week, ADBE flashed the dreaded "death cross" signal — a pattern that typically points to further downside — with the 50-day moving average crossing down through the 200-day moving average. Adobe created a classic double top pattern in January, when the stock retested the December 2023 high around $630 and failed to break above this resistance level. It's worth noting that the death cross observed this week happened only after the stock had established a clear downtrend of lower highs and lower lows. This support level, just below $500, aligns well with the September 2023 price low. Back in 2022, a similar death cross resulted in an additional 45% drop for Adobe before the eventual low was established.

Persons: ADBE, David Keller Organizations: Adobe, CMT

☆ Brittney Spencer is telling her own story and collecting cosigns from her heroes — including Beyoncé
▼ + stars: | 2024-04-09 | by ( Callie Ahlgrim | ) www.businessinsider.com time to read: +5 min

Read previewWhen Brittney Spencer woke up on Monday morning, she had no idea she would hit a major career milestone. This story is available exclusively to Business Insider subscribers. "That wasn't even on my radar," she told Business Insider of her top-40 debut, adding with a laugh, "My life has been very random." AdvertisementAlthough "My Stupid Life" contains the most explicitly personal lyricism of her career, Spencer has a knack for speaking her own dreams into existence — if not always intentionally. (Morris sang backup on Spencer's album highlight "Night In," while McEntire took Spencer on tour in 2022.)

Persons: —, Brittney Spencer, Parker McCollum, Spencer's, Beyoncé, Spencer, Carter, Tiera Kennedy, Reyna Roberts, Tanner Adell, they've, I'm, Queen Bey, Maren, Whitney, Maren Morris, Reba McEntire, Morris, McEntire, Queen Latifah, John Shearer, I've, She's, she'll, Bob Dylan, Willie Nelson, Cowboy Carter Organizations: Service, CMT, Business, Twitter, Stagecoach, Outlaw Locations: Nashville, Instagram

☆ Beyoncé makes history with ‘Cowboy Carter’ hitting No. 1
▼ + stars: | 2024-04-08 | by ( Lisa Respers France | ) edition.cnn.com time to read: +2 min

CNN —Beyoncé may have proclaimed that her latest project “ain’t a country album,” but someone forgot to tell the charts that. 1 on the Top Country Albums chart with her “Act II: Cowboy Carter,” according to Billboard. The accomplishment comes at a time where there has been debate over the fact that Beyoncé herself is not a country music artist. If the argument is made that Bey lacks the country music pedigree, how about two of the genre’s biggest stars? lang have also found acceptance in the country music space.

Persons: CNN —, Cowboy Carter, ”, Beyoncé, Bey, Mathew Knowles, Tina Knowles, Keith Urban, Shania Twain Getty, That’s, Shania Twain, Twain, Carter, “, Queen Bey Organizations: CNN, Billboard, Country Music Association, Urban Locations: Texas, Houston , Texas, American, Alabama, Mama , Louisiana, Gadsden , Alabama, Galveston , Texas, Louisiana, Australia, Canada

☆ Everything Taylor Swift has worn at the CMT Music Awards, ranked
▼ + stars: | 2024-04-06 | by ( Amanda Krause | ) www.businessinsider.com time to read: +1 min

Taylor Swift has consistently shined at the CMT Music Awards since first attending in 2006. She's worn sparkling minidresses, standout stage outfits, and a gown straight from her music video. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementSince the start of her career, Taylor Swift has made waves at the annual CMT Music Awards. Here's a look back at her CMT fashion, ranked from worst to best.

Persons: Taylor Swift, she's, —, She's Organizations: CMT, Service

☆ The rally in gold could be still in the early stages, according to the charts
▼ + stars: | 2024-04-04 | by ( David Keller | ) www.cnbc.com time to read: +4 min

Our review of the charts of precious metals tells us that the recent rally in gold prices could be just the early stages of a broad advance in the second quarter and beyond. Interestingly enough, gold stocks have actually been underperforming gold for most of the last 12 months. But over the last six weeks, gold miners have shown renewed strength, outperforming spot gold. This may be just the beginning of a "catch up" trade where gold miners close the performance gap with gold. Gold stocks have been lagging behind spot gold, but that trend of underperformance has begun to change in the last six weeks.

Persons: Alan Shaw, David Keller Organizations: Gold Miners, CMT Locations: retest

☆ Beyoncé is opening the door for these Black country artists
▼ + stars: | 2024-04-01 | by ( Lisa Respers France | ) edition.cnn.com time to read: +8 min

CNN —Beyoncé has some people excited about country music. But they aren’t the only ones whose careers could benefit from Queen Bey’s entrance into country music. Andrew Nelles /The Tennessean/USA Today NetworkRVSHVD (pronounced Ra-shad) is another Georgia native who is making his way in the country music industry. Apple TV+Ashlie Amber may not have won a TV competition meant to open doors for underrepresented country artists, but she’s definitely winning fans. Jason Kempin/Getty ImagesTwins Derek Campbell and Brandon Campbell are fighting for inclusivity in country music in more ways than one.

Persons: CNN — Beyoncé, Cowboy Carter, Beyoncé, can’t, Dolly Parton’s, Jolene, ”, Tanner Adell, Willie Jones, Tiera Kennedy, Linda Martell, Reyna Roberts, Brittney Spencer, Derek White, Kelly Clarkson, Shania Twain, Twain, “, ” Twain, ” Kylan Boykin, we’re, Nytere Boykin, Carter ”, ” Nytere Boykin, RVSHVD RVSHVD, Andrew Nelles, Clint Rashad Johnson, Keith Urban’s, — Marvin Gaye, Luther Vandross, Luke Bryan, Darius Rucker, Angel Rewis, Johnson, She’s, Amber Ashlie Amber, Amber, she’s, Reese Witherspoon, Kacey Musgraves, Jimmie Allen, Mickey Guyton, Orville Peck, ” Micaela Kleinsmith, ” Amber, “ Beyoncé, Derek Campbell, Brandon Campbell, Jason Kempin, we’ve, ” Derek Campbell, WSMV4, Hart, Trea Swindle, Danica Hart, Devynn Hart, Chapel Hart, Evan Agostini, “ Jolene, –, Danica, Trea, America’s, ” Parton, “ We’re Organizations: CNN, The Recording, CMT, USA, Billboard, Florida Georgia Line, Apple, The Kentucky Gentlemen, Winery, Getty, inclusivity, ”, Rolling Stone, Chapel, Channel, Nashville Locations: Atlanta, Nashville, Georgia, Florida, Nashville , Tennessee, Kentucky, Winery Nashville, Versailles , Kentucky, America, Austin , Texas, Mississippi, Louisiana

☆ The uptrend in this airline stock could be just getting started, according to the charts
▼ + stars: | 2024-03-28 | by ( David Keller | ) www.cnbc.com time to read: +3 min

Alaska Air shares just getting started Alaska Air Group has recently broken above a key resistance level and could represent a compelling option for investors searching for stocks earlier on in their uptrends. Alaska remained below that retracement level as well as a declining 200-day moving average until this week. Now we're seeing ALK power above $42 with an initial upside target at the 61.8% retracement level around $47. The momentum characteristics are consistent with bullish phases, with Alaska becoming overbought this week after a quick rise. While overbought conditions could indicate a short-term pullback in the coming weeks, we're inclined to assume this uptrend could be just getting started.

Persons: we've, — David Keller Organizations: Nasdaq, US Global Jets ETF, JETS, Alaska Air Group, Alaska Air, CMT Locations: Alaska

☆ 5 Black Country Artists on Beyoncé's 'Cowboy Carter'
▼ + stars: | 2024-03-28 | by ( Callie Ahlgrim | ) www.businessinsider.com time to read: +16 min

Just one week later, it topped the Hot 100, even though some country radio stations initially refused to play it. Many Black artists creating country music have already seen major boosts in streaming numbers. "There are a lot of Black people who love country music, that have been afraid to say that they love country music, even afraid to make country music." Ice breakers: In the six weeks since Beyoncé dropped the two lead singles from "Cowboy Carter," Shaboozey has felt a palpable uptick in attention surrounding Black country artists. Listen to a roundup of key tracks by Black country artists on Business Insider's Spotify.

Persons: Lil Nas, Beyoncé, Carter, It's, she's, Pablo, Don, gatekeepers, Billboard's Kyle Denis, Cowboy Carter, Tanner Adell, Chase Foster, Tanner, Adell, Josh Turner, Shania Twain, Texas, doesn't, Queen Bey, Buckle, Luke Combs, Daniel Prakopcyk, Shaboozey, Collins Chibueze, Southern, Marty Robbins, Woody Guthrie, I've, Kashus Culpepper, Buffalo Kin, Valerie June, Brittany Howard, Breland, Henry Ammann, Nelly, Tim McGraw, Daniel Gerard Breland, Nashville darlings, Thomas Rhett, Keith Urban, Blanco Brown, Blanco, Brown, Tim McGraw's, he's, He's, Tiera Kennedy, Alexa Campbell, Tiera, Kennedy, Dolly Parton, Johnny Cash, who've Organizations: Chicks, Business, Dallas Cowboys, Buffalo, BI, Nashville, LaFace Records, Buffalo Wild Wings, Spotify Locations: Texas, Houston, Nashville, Kentucky, California, Wyoming, Church, Star Valley , Wyoming, Plano, Beverly, Virginia, America, New Jersey, Atlanta, Butler , Georgia, Alabama

☆ This ETF tracking the housing market is undergoing a post-Fed breakout, according to the charts
▼ + stars: | 2024-03-21 | by ( David Keller | ) www.cnbc.com time to read: +3 min

The weekly chart of the iShares U.S. Home Construction ETF (ITB) shows how the long-term trend has become quite strong off the October 2022 low. The higher low in October was a sign of accumulation, showing that the bearish momentum going into the summer had begun to dissipate. Once this ETF broke above its July 2023 high, it traded higher to a price gap in December of last year. In this case, the homebuilder ETF resolved this pattern to the upside in late February with a break above $105. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: Jerome Powell's, ITB, David Keller Organizations: Home, CMT Locations: U.S

☆ While the rally in Nvidia stalls, this tech play is getting ready to rip, according to the charts
▼ + stars: | 2024-03-14 | by ( David Keller | ) www.cnbc.com time to read: +3 min

But despite the struggles of the largest stocks in the sector, Block (SQ) appears to breaking above a key resistance level. The key with a head and shoulders pattern is to wait for the "trigger", which is when the price actually breaks through the neckline. Here we can see that the recent breakout above the neckline was preceded by a price gap higher in February. Immediately after the price gap, SQ dropped down to around $75, a level which was retested again in early March. With inverted head and shoulders breakout on the weekly chart, and clearly defined risk levels on the daily chart, Block may just be worth investors' attention.

Persons: retested, David Keller Organizations: Nvidia, Apple, CMT

☆ Why Apple's recent decline may be just the beginning, according to the charts
▼ + stars: | 2024-03-07 | by ( David Keller | ) www.cnbc.com time to read: +3 min

The performance of the once-dominant Magnificent 7 stocks has certainly shifted in the first quarter, with charts like Apple (AAPL) beginning to diverge from the rest of the mega-cap growth leadership names. But is the recent decline for AAPL just the beginning? Since a strong rally in the first half of 2023, Apple has essentially been in a basing pattern. The RSI has moved into the oversold range as well, which tells me to expect at least some sort of bounce off this well-established level of price support. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: Apple, It's, AAPL, David Keller Organizations: Apple, Nasdaq, RSI, CMT

☆ Move over Big Tech, a new market leader could be emerging, according to the charts
▼ + stars: | 2024-02-29 | by ( David Keller | ) www.cnbc.com time to read: +3 min

Biotechnology stocks have recently shown renewed strength, and improving momentum may just push these names toward the top of the leaderboard. Second, this level also represented a 38.2% retracement level based on the 2021 high and 2022 low, which is a widely followed support level based on the Fibonacci methodology. This week, IBB has bounced off that support level, making a new 52-week high as it briefly pushed above the 50% retracement level around $140. The weekly chart reinforces that biotechnology stocks may still be in the early stages of this advance, with lots of daylight between current levels and the 2021 highs. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: IBB, David Keller Organizations: Biotechnology, Nasdaq Biotechnology, CMT

☆ These 3 gambling stocks are primed for strong gains ahead, according to the charts
▼ + stars: | 2024-02-23 | by ( David Keller | ) www.cnbc.com time to read: +4 min

While the major equity averages were rallying off their October 2023 lows, many gambling names did not participate in the rally. DraftKings (DKNG) DKNG certainly has the most established uptrend in the group, having sustained a fairly consistent uptrend through much of 2023. Higher highs and higher lows have marked the next 14 months, forming a classic Dow Theory uptrend. The October 2023 low was noteworthy in that the stock found support right at the August low around $26. Wynn Resorts (WYNN) WYNN has undergone a similar reversal off a December 2023 low, and also has recently broken above the crucial 200-day moving average.

Persons: DraftKings, DKNG, we've, Wynn, WYNN, LVS, David Keller Organizations: Las Vegas Sands, Wynn Resorts, Nasdaq, Dow, Vegas Sands, RSI, WYNN, CMT Locations: Las Vegas, DraftKings, Vegas

☆ 21 things you probably didn't know about Dolly Parton
▼ + stars: | 2024-01-19 | by ( Nasha Smith | ) www.businessinsider.com time to read: +1 min

Dolly Parton didn't write "I Will Always Love You" about a romantic partner. Dolly Parton and Porter Wagoner performing together. In the late 1960s and early 1970s, Parton appeared with her mentor Porter Wagoner on his eponymous TV show. "There was a lot of grief and heartache there, and he just wasn't listening to my reasoning for my going," Parton told CMT in 2011. "He started crying," Parton told the Tennessean in 2015.

Persons: Dolly Parton, Porter Wagoner, Michael Ochs, Whitney Houston, Parton, Wagoner Organizations: Michael Ochs Archives, CMT

NASHVILLE, Tenn. (AP) — The CMA Awards are back Wednesday to honor the top artists in country music, with Lainey Wilson, Jelly Roll, Ashley McBryde and Morgan Wallen among the acts hitting the stage. Wilson is the leading nominee for the second year in a row, competing for entertainer of the year along with Carrie Underwood, Chris Stapleton, Morgan Wallen and Luke Combs. Luke Bryan and Peyton Manning will host the ceremony, which will feature a musical tribute to the late singer-songwriter Jimmy Buffett. Wilson is up for nine awards, including her collaborations with HARDY ("Wait in the Truck") and Jelly Roll (“Save Me.”)Political Cartoons View All 1237 ImagesRapper-turned-singer Jelly Roll, who earlier this year topped the CMT Music Awards, has five nominations, including best new artist. More than 30 years after she won two Grammy Awards for “Fast Car,” Tracy Champman could win a song of the year trophy at the CMA Awards thanks to Luke Combs' cover.

Persons: Lainey Wilson, Jelly Roll, Ashley McBryde, Morgan Wallen, Wilson, Carrie Underwood, Chris Stapleton, Luke Combs, Stapleton, Dan + Shay, Luke Bryan, Peyton Manning, Jimmy Buffett, HARDY, Zach Bryan, Parker McCollum, Megan Moroney, Hailey Whitters, ” Tracy Champman Organizations: Bridgestone, ABC, CMT, CMA Locations: Tenn, Hulu

☆ Fact Check-Claim Blake Shelton canceled TV contract stems from satire
▼ + stars: | 2023-07-31 | by ( Reuters Fact Check | ) www.reuters.com time to read: +2 min

There is no evidence that American singer Blake Shelton has pulled out of a multimillion-dollar project with Country Music Television (CMT). Reuters found no evidence that Shelton had a “$30-million-dollar project” with CMT, or that he has stepped away from one. No announcements about the purported partnership are featured on Shelton’s website (www.blakeshelton.com/news), or social media profiles (twitter.com/blakeshelton), (www.facebook.com/blakeshelton/). Representatives for CMT and for Shelton did not immediately respond to Reuters’ request for comment. The claim that Blake Shelton has canceled a multimillion contract with CMT is unfounded and originates from a satirical website.

Persons: Blake Shelton, Jason Aldean’s, CMT’s, Shelton, Dunning, Dunning Kruger, tomfoolery, Read Organizations: Country Music Television, CMT, Tennessee Courthouse, NBC, Facebook, Reuters, Dunning Kruger Times, Defense Locations: ”, African

☆ Analysis: Country music is at a crossroads. Two of its most viral songs show why
▼ + stars: | 2023-07-29 | by ( Aj Willingham | ) edition.cnn.com time to read: +8 min

The struggle for the soul of country music is on full display now as two very different songs have been making headlines. Michael Loccisano/Getty ImagesThese two songs, so differently received yet recorded under the same big country umbrella, are an embodiment of the crossroads where country music currently stands. Like all musical traditions that fuse, evolve and splinter, country music and its legions of fans are engaged in a negotiation for the genre’s main identity. When the Dixie Chicks spoke out against the Iraq War in the early 2000s, their popularity in country music circles never fully recovered.. Small towns, fast cars and American values are as essential to country music as four chords and the truth.

Persons: Jason Aldean, Luke Combs, Tracy Chapman, Chapman, Combs, ”, Tracy, ” Chapman, “, Luke, Bryan Bedder, they’ve, Aldean, Little Richard, Otis Redding, ” Aldean, —, Holly G, Morgan Wallen, Michael Loccisano, foremothers, Willie Nelson, Dolly Parton, ” Combs, it’s Organizations: CNN, CMT, Billboard, Singer, Amarillo, Black Opry, Washington Post, Texas Democrat, country’s, Dixie, Grand Ole Opry Locations: Copenhagen, underrepresentation, Aldean, Macon , Georgia, Iraq

☆ Fact Check-Luke Bryan did not pull his videos from Country Music Television
▼ + stars: | 2023-07-28 | by ( Reuters Fact Check | ) www.reuters.com time to read: +2 min

A satirical article which says American singer Luke Bryan pulled his videos from Country Music Television (CMT) and should be boycotted after the channel stopped airing a music video by country singer Jason Aldean is being shared by users who believe it to be fact. The text in one Facebook post (here) reads, “Luke Bryan pulls his videos from CMT over Jason Aldean debacle: “Folks, it’s time for the Bud Light treatment” ... read it below!”Another example can be seen (here). “It’s time for the Bud Light treatment” refers to a backlash and boycotts from some conservative Bud Light consumers after the beer brand’s collaboration with transgender influencer Dylan Mulvaney (here), (here). Reuters found no evidence online that Bryan did pull his music videos from CMT. Claims that country singer Luke Bryan pulled his music videos from CMT originates from a satirical website.

Persons: Luke Bryan, Jason Aldean, Jason Aldean’s, CMT’s, “ Luke Bryan, Bud, “, influencer Dylan Mulvaney, The Dunning, ”, Dunning, tomfoolery, Bryan, Read Organizations: Country Music Television, NBC, CMT, Tennessee Courthouse, Bud Light, Kruger Times, Defense, Reuters Locations: ”, African

☆ Fact Check-Kid Rock did not cancel 2024 tour with Sheryl Crow
▼ + stars: | 2023-07-28 | by ( Reuters Fact Check | ) www.reuters.com time to read: +2 min

Social media posts are claiming that singer Kid Rock cancelled a tour with Sheryl Crow in a display of solidarity with country singer Jason Aldean, who had a music video taken down after criticism, including from Crow. “Everyone is backing Jason Aldean,” wrote users on Facebook who shared a poster featuring Rock and Crow with the words “Kid Rock Cancels Six Tour Dates With Sheryl Crow: ‘Jason Aldean is a Good Man’ (here). “Standing up for what is right I applaud u kid rock,” and, “That’s so amazing! Thank you, Kid Rock, for speaking up for us,” read two responses. The claim about Kid Rock cancelling a tour with Sheryl Crow scheduled for 2024 stems from a satirical website.

Persons: Kid Rock, Sheryl Crow, Jason Aldean, Dunning, CMT’s, ”, Reponses, “, tomfoolery ”, dunning, kruger, Crow, Read Organizations: Kruger Times, NBC, CMT, Courthouse, Facebook, Defense, Rock, Reuters, Kid Locations: Crow, ”, African, Detroit , Michigan

☆ Jason Aldean’s ‘Small Town’ video edited to remove Atlanta protest footage
▼ + stars: | 2023-07-26 | by ( Lisa Respers France | ) edition.cnn.com time to read: +2 min

CNN —A music video for a controversial Jason Aldean song that has received both backlash and support has been shortened by a few seconds, removing apparent television footage of a protest in Atlanta, Georgia. It is unclear as to when and why the video was edited, but public outcry over the music video erupted last week. While the song was released in May, according to Billboard, the accompanying video wasn’t released until July 14. CMT pulled the music video from rotation last week. 2 on Billboard’s Global 200 chart and the music video had more than 19 million views as of Wednesday.

Persons: Jason Aldean, “, Henry Choate, Aldean Organizations: CNN, Fox News, YouTube, Aldean, Fox, Billboard, Columbia, Riot, CMT, Billboard’s Locations: Atlanta , Georgia, “, Georgia, Aldean, Maury, Columbia , Tennessee

☆ Trump praises 'fantastic guy' Jason Aldean after CMT pulls the country star's 'Try That in a Small Town' video
▼ + stars: | 2023-07-20 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +3 min

Trump threw his support behind country star Jason Aldean, joining a growing list of Republicans. The former president's support came after CMT pulled Aldean's "Try That In A Small Town" video. "Jason Aldean is a fantastic guy who just came out with a great new song," Trump wrote on his social media platform, Truth, early Thursday morning. According to multiple reports, CMT pulled the music video for Aldean's "Try That In A Small Town" earlier this week. "Well, try that in a small town," Aldean sings.

Persons: Trump, Jason Aldean, Aldean, Donald Trump, Jason, MAGA, Henry Choate, Ron DeSantis, Vivek Ramaswamy, Lauren Boebert, Boebert Organizations: CMT, Service, Thursday, Twitter, Las, Trump, Mar, Florida Gov, Colorado Locations: Wall, Silicon, Maury, Columbia , Tennessee, America

A spokesperson for the hedge fund declined further comment on Thursday. Big banks typically agree terms with hedge funds that allow them to cut ties at short notice, five sources from prime brokerages and hedge funds told Reuters. Prime brokerages may now refine due diligence processes and perform more thorough background checks on hedge funds, said Jim Neumann, chief investment officer of Sussex Partners, which advises investors on how they give their money to hedge funds. But many of these agreements mainly focus on the financial viability of the hedge fund, two of the sources said. One hedge fund manager said he was asked in his due diligence with the bank if he was approved by the UK regulator, the Financial Conduct Authority.

Persons: Banks, Crispin Odey, Goldman Sachs, Morgan Stanley, MS.N, Odey, Epstein, Michael Oliver Weinberg, JPMorgan Chase, JPM.N, Jeffrey Epstein, Bill Hwang, brokerages, Jim Neumann, Neumann, Archegos, Erika Kelton, Phillips, Cohen, Nell Mackenzie, Kirstin Ridley, Carolina Mandl, Dhara Ranasinghe, Elisa Martinuzzi, Matthew Lewis Organizations: Wall, Odey, Management, Financial Times, Tortoise Media, JPMorgan, Odey Asset Management, Reuters, CMT, Archegos Capital Management, Sussex Partners, UBS, Financial, Authority, Thomson Locations: London, New York

☆ Matt Onofrio made $35 million helping everyday people invest in real estate. Then he was indicted. Was it all a scam?
▼ + stars: | 2023-06-01 | by ( Daniel Geiger | ) www.businessinsider.com time to read: +21 min

The MMA fighter Michael Chandler, pictured with his wife, Brie Willett, bought a $16 million property from Matt Onofrio in 2021. Then, in November 2022, federal prosecutors indicted Onofrio on charges involving three deals he'd arranged in Minnesota the year before. The federal complaint doesn't involve the property Onofrio sold to Chandler. Unbeknownst to Hermann, Onofrio had already tied up the warehouse in contract for $4.75 million. "Matt was finding a deal for $4 million and selling it for $5 million," Stageberg said.

Persons: Matt Onofrio, anesthetist, who'd, Onofrio, Michael Chandler, Chandler, Brie Willett, Rick Diamond, Michael didn't, Matt, Brendan Johnson, he'd, fraudster, who's, Matthew Hermann, Hermann, he's, —, Anthony Vicino, unburden, Hermann countersued, Let's, Nick Stageberg, Stageberg, Vicino, couldn't, wasn't, Zacari Pennington, Brandon Turner, David Greene, Pennington, Brad Lea's, Ryan Pineda's, Alec McElhinny, Onofrio's, Greene, Ed Mylett, Mylett, Lily Ro Onofrio, Lea, Brittany Arnason, BiggerPockets, Cameron Cropsey, Scott Trench, Nicholas Perrone, Wild Organizations: Onofrio, CMT, Chandler, Wild Moose Ventures, Finance & Commerce, Mayo Clinic, Moose Ventures, Wild, Ventures Locations: Wisconsin, California, Sauk Rapids , Minnesota, Minnesota, Onofrio, Minneapolis, Mexico City, Mayo, Denver, Nashville, Church, Golden Valley , Minnesota, Macon , Georgia, Pennington

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