The Adani Group has lost more than $100 billion in market value as its stocks took a beating from the Hindenburg report. Shares in its flagship business, Adani Enterprises, shed more than 25% on Thursday. The volatility in Adani stocks forced founder Gautam Adani to pull a $2.5 billion share sale for Adani Enterprises on… Continue reading Adani stocks have now wiped out over $100 billion in market value as botched share sale piles on trouble
Legendary investor Charlie Munger says crypto is a terrible bet, and the US should ban it entirely
Charlie Munger slammed the rampant hype, lack of regulation, and unfairness of cryptocurrencies. Warren Buffett’s right-hand man urged the US government to ban the fledgling industry entirely. Munger has blasted crypto as “rat poison,” a “venereal disease,” and an “open sewer” in the past. Loading Something is loading. Thanks for signing up! Access your favorite… Continue reading Legendary investor Charlie Munger says crypto is a terrible bet, and the US should ban it entirely
Tesla’s bitcoin holdings fell nearly $1.8 billion in value last year, as Elon Musk called crypto a ‘sideshow’
The value of Tesla’s bitcoin holdings fell nearly $1.8 billion last year, a company filing showed. It took a $204 million impairment charge on bitcoin, but converted $64 million worth into dollars. CEO Elon Musk distanced himself from crypto last year, calling it a “sideshow to the sideshow.” Loading Something is loading. Thanks for signing… Continue reading Tesla’s bitcoin holdings fell nearly $1.8 billion in value last year, as Elon Musk called crypto a ‘sideshow’
The Markets Were Miserable Last Year, But That’s Great News
It’s not a shock that the markets had a pretty abysmal year last year, in fact the worst since 2008. Not only that, 2022’s double-digit loss was the worst for the bond market since 1976, the first year tracked by the Barclays Agg. That being said, the miserable market is great news — but how?… Continue reading The Markets Were Miserable Last Year, But That’s Great News
Stock Market Today: Stocks Gain Ahead of Fed Meeting
Stocks closed higher Tuesday as investors parsed the latest round of earnings and economic data. One of the day’s most notable earnings reports came from Exxon Mobil (XOM (opens in new tab)), with the energy giant reporting record profits for all of 2022. And on the economic front, a welcome reading on inflation hit the… Continue reading Stock Market Today: Stocks Gain Ahead of Fed Meeting
The 10 Best Closed-End Funds (CEFs) to Buy Now
If someone offered to sell you a dollar for 90 cents … well, you’d probably think it was too good to be true. Yet these are exactly the kinds of opportunities that arise in the market’s best closed-end funds (CEFs). CEFs are a type of investment fund, and in fact, they are older than mutual… Continue reading The 10 Best Closed-End Funds (CEFs) to Buy Now
mutual funds: Advice, News, Features & Tips | Kiplingerkiplingerkiplinger
Latest The 5 Best Actively Managed Fidelity Funds to Buy Now mutual funds In a stock picker’s market, it’s sometimes best to leave the driving to the pros. These Fidelity funds provide investors solid active management at low costs. mutual funds The 6 Safest Vanguard Funds to Own in a Bear Market recession Batten the… Continue reading mutual funds: Advice, News, Features & Tips | Kiplingerkiplingerkiplinger
The massive ChatGPT craze has reached Asia, lifting some Chinese AI stocks up to 60% in just a few weeks
China’s stock market appears to be buying into the ChatGPT hype, with local AI stocks flourishing.NurPhoto/Contributor/Getty Images Chinese AI stocks have been rallying as the market appears to join ChatGPT-driven hype. Computer vision tech group Beijing Deep Glint Technology Co. rose more than 15% Wednesday. The stocks initially disappointed after China’s economy reopened due to… Continue reading The massive ChatGPT craze has reached Asia, lifting some Chinese AI stocks up to 60% in just a few weeks
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