Warren Buffett-backed BYD has avoided a painful stock sell-off in recent months compared to its competitors.BYD stock is down just 2% over the past three-months, compared to a 54% decline for Tesla.BYD said it sold 1.9 million vehicles in 2022 as it ramps up production despite recent COVID-19 infections. Loading Something is loading. Thanks for… Continue reading Warren Buffett-backed BYD soars past Tesla in China sales as the company bucks wider EV stock sell-off
Silvergate extends sell-off into 2nd day as Bank of America sees 35% downside after the crypto bank disclosed huge run on deposits
BofA downgraded Silvergate Capital on Friday and said it sees another 35% downside for the crypto-focused bank. Silvergate shares plunged Thursday after it was revealed customers withdrew billions in deposits. BofA whittled down its price objective on Silvergate by 78% to $8 a share from $37. Loading Something is loading. Thanks for signing up! Access… Continue reading Silvergate extends sell-off into 2nd day as Bank of America sees 35% downside after the crypto bank disclosed huge run on deposits
Cathie Wood buys the dip in Coinbase again, but sells shares of Silvergate after the crypto-focused bank sees a run on deposits and cuts 40% of its staff
Cathie Wood’s Ark Invest continues to buy the dip for digital asset exchange Coinbase. But the famed money manager sold Silvergate shares as the crypto-focused bank’s stock plunged 43% on Thursday. Ark Invest’s exchange-traded funds ARKF and ARKW are down more than 60% year-to-date. Loading Something is loading. Thanks for signing up! Access your favorite… Continue reading Cathie Wood buys the dip in Coinbase again, but sells shares of Silvergate after the crypto-focused bank sees a run on deposits and cuts 40% of its staff
SEC reportedly probes due diligence of FTX investors, as role of VC firms and funds prior to crypto exchange’s collapse comes under scrutiny
The Securities and Exchange Commission is investigating the due diligence of FTX investors, according to Reuters. The probe doesn’t indicate wrongdoing, and the report did not specify which firms were in question. The issue for regulators is whether venture capital firms and investment funds were acting responsibly on behalf of their own clients. Loading Something… Continue reading SEC reportedly probes due diligence of FTX investors, as role of VC firms and funds prior to crypto exchange’s collapse comes under scrutiny
Why Value Stocks May Again Beat Growth in 2023
From 1980 through 2021, , and especially since 2015, growth stocks outperformed value stocks. But last year value stocks vastly outperformed growth, with the Russell 1000 Value Index losing 9%, compared with a 30% drop for the Russell 1000 Growth Index. The Russell 1000 includes large-cap stocks. Recall that value stocks are ones considered undervalued according to… Continue reading Why Value Stocks May Again Beat Growth in 2023
Massive TFSA recontribution mistake puts taxpayer in CRA’s crosshairs
Jamie Golombek: What was ‘simply an honest mistake’ caused an overcontribution to the tune of $112,000 Taxpayers who don’t appreciate the nuances of the TFSA recontribution or transfer rules could find themselves in trouble with the taxman for overcontributing. Photo by Getty Images/iStockphoto I’ve already made my 2023 tax-free savings account (TFSA) contribution … have… Continue reading Massive TFSA recontribution mistake puts taxpayer in CRA’s crosshairs
Why you need to reconsider your TFSA investing strategies in 2023
Jason Heath: A changed financial landscape means these four strategies might require a rethink You may want to reconsider how you use your TFSA amid so many changes in the personal finance landscape. Photo by Getty Images/iStockphoto Tax-free savings accounts have been a go-to savings vehicle for millions of Canadians in recent years. But some… Continue reading Why you need to reconsider your TFSA investing strategies in 2023
Bosses beware: Employees are thinking of quitting, and a recession isn’t going to stop them
Victoria Wells: The Great Resignation may have only just begun Fifty per cent of Canadian employees are planning to look for a new job in the first part of 2023. Photo by Getty Images/iStockphoto The page has turned on another calendar year, but that doesn’t mean workers are suddenly abandoning the high expectations they set… Continue reading Bosses beware: Employees are thinking of quitting, and a recession isn’t going to stop them
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