The largest exchange-traded fund in the world saw the most investor exits in a single month since its inception. The S&P 500 ETF Trust had almost $7 billion worth of redemptions on Monday alone, Bloomberg found. Invesco’s QQQ has had the biggest monthly exit since the dot-com bubble burst, the report said. Sign up here… Continue reading The world’s biggest ETF just had its worst investor exit in its history in the month of January, says report
Bill Ackman and Cathie Wood lead the charge back into tech stocks as the sell-off attracts dip-buyers
Bill Ackman and Cathie Wood have snapped up shares in technology companies, as the sell-off attracts dip-buyers. Hedge fund legend Ackman said last week that he thinks Netflix is a bargain at its current price. Star stock-picker wood has doubled down on her bet on Tesla, buying more than $20 million of stock. Hedge-fund legend… Continue reading Bill Ackman and Cathie Wood lead the charge back into tech stocks as the sell-off attracts dip-buyers
Bitcoin moves in lockstep with U.S. stocks as big traders enter market
The world’s biggest cryptocurrency is increasingly tracking the movements of assets that exert influence across other global markets Author of the article: Financial Times Eva Szalay in London Bitcoin has often moved in near lockstep with Nasdaq 100 futures. Photo by REUTERS/Dado Ruvic//File Photo Bitcoin has mirrored the sharp fluctuations in traditional markets this year,… Continue reading Bitcoin moves in lockstep with U.S. stocks as big traders enter market
NBA superstar LeBron James partners with Crypto.com to offer Web3 opportunities through his foundation
NBA superstar LeBron James is getting into Web3 via his charitable foundation. James, in partnership with Crypto.com, is pushing for more opportunities focused on Web3. “I want to ensure that communities like the one I come from are not left behind,” James said. Sign up here for our daily newsletter, 10 Things Before the Opening… Continue reading NBA superstar LeBron James partners with Crypto.com to offer Web3 opportunities through his foundation
Mark Cuban learned his crypto investing lesson the hard way after losing $200,000 on a little-known token
Billionaire Mark Cuban told The New York Times he learned a hard lesson about crypto in June. “I should have done more homework” on the little-known DeFi token before investing, he said. Cuban also revealed he lost $200,000 on the investment after whales cashed out and spurred panic selling. Sign up here for our daily… Continue reading Mark Cuban learned his crypto investing lesson the hard way after losing $200,000 on a little-known token
Here is a step-by-step guide to setting up a MetaMask wallet – and what crypto experts say you should do with it to get started in Web3
Fueled by the rise of DeFi and NFTs, the Ethereum network experienced a surge in activity in 2021. To navigate Ethereum-based DeFi, crypto games, or NFTs, users first need to connect their wallets. Here’s a guide to setting up MetaMask, the most popular Ethereum wallet, and how you can use it. Over the past two… Continue reading Here is a step-by-step guide to setting up a MetaMask wallet – and what crypto experts say you should do with it to get started in Web3
US stocks can still rally 10% this year as inflation cools and earnings grow, BlackRock’s Rick Rieder says
US stocks can still rally 10% in 2022 despite the recent volatility, BlackRock’s Rick Rieder told CNBC. The asset manager’s bond chief said strong company earnings and a cooling in inflation would help equities. Stocks, particularly techs, have been hit by expectations the Fed will hike interest rates aggressively this year. BlackRock’s Rick Rieder has… Continue reading US stocks can still rally 10% this year as inflation cools and earnings grow, BlackRock’s Rick Rieder says
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