In a famous 2018 interview, Ray Dalio (opens in new tab), founder of hedge fund giant Bridgewater, coined the phrase “cash is trash.” What he was describing was an investing environment in which interest rates were so low that holding cash, cash equivalents and many types of bonds made little sense because of low interest… Continue reading When It Comes to Cash Yields, Cash Is No Longer Trash
Stock Market Today: Tesla Keeps S&P 500, Nasdaq in the Red
It was a wobbly start to the final trading week of 2022, with stocks finishing mixed following the long holiday weekend. Investor sentiment got a temporary boost after China said it would open its borders to international travelers next month without requiring them to quarantine. Still, it wasn’t enough to offset a continued slump in… Continue reading Stock Market Today: Tesla Keeps S&P 500, Nasdaq in the Red
US stocks edge higher as investors weigh China’s COVID surge and reopening of its borders
Brian Evans Aly Song/Reuters US stocks traded higher on Wednesday as investors weighed China reopening the country’s borders. Rising Covid-19 infections underscored the prospect of China exiting lockdown. Visitors will no longer have to quarantine beginning January 8. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while… Continue reading US stocks edge higher as investors weigh China’s COVID surge and reopening of its borders
Tesla will not find its bottom and rally after a 69% sell-off until these 4 things happen, according to Wedbush
Tesla stock has a long road to recovery after it dropped 69% in 2022 in its worst year on record.There are four catalysts that could jumpstart a rally in Tesla stock, according to Wedbush analyst Dan Ives.”Tesla still has potentially $5-$6 of earnings power in 2023 and should still approach 40%+ delivery growth,” Ives said.… Continue reading Tesla will not find its bottom and rally after a 69% sell-off until these 4 things happen, according to Wedbush
This FTX user lost access to $1.3 million and is writing off his investment to zero – but insists he remains ‘quite bullish’ on crypto
Crypto investor Calvin Tsai told Fox Business he lost $1.3 million during the FTX collapse. He said he has nearly zero hope of recovering his FTX funds. But Tsai remains bullish on crypto and said the downtrodden market offers a buying opportunity. Loading Something is loading. Thanks for signing up! Access your favorite topics in… Continue reading This FTX user lost access to $1.3 million and is writing off his investment to zero – but insists he remains ‘quite bullish’ on crypto
Nobel laureate Paul Krugman compares Tesla to bitcoin — and says he wouldn’t trust Elon Musk to feed his cat
Paul Krugman compared Tesla to bitcoin, saying hype and faith underpin both assets’ prices. The Nobel Prize-winning economist argued Tesla lacks the networks effects of Apple and Microsoft. Krugman took aim at Elon Musk, joking he wouldn’t trust the controversial Tesla CEO to feed his cat. Loading Something is loading. Thanks for signing up! Access… Continue reading Nobel laureate Paul Krugman compares Tesla to bitcoin — and says he wouldn’t trust Elon Musk to feed his cat
From the college kid who made millions on a meme stock to Kim Kardashian’s crypto misadventures, here are 7 of the craziest stories from markets in 2022
Markets had a wild ride this year, with volatile swings punctuated by moments of sheer absurdity. A college kid earning millions on Bed Bath & Beyond, and a Kardashian’s run-in with the SEC were only some of the highlights. Here are seven of the wildest, most absurd, and shocking moments from markets in 2022. Loading… Continue reading From the college kid who made millions on a meme stock to Kim Kardashian’s crypto misadventures, here are 7 of the craziest stories from markets in 2022
Barry Choi: 5 ways to set yourself up for financial success in 2023
Don’t miss: This cash back app pays actual cash A low credit score can cost you thousands in interest — here’s how you can prevent that 5 mistakes Canadian parents are making with their life insurance Focus on debt repayment Getting ahead is impossible if you have consumer debt, especially with interest rates rising like… Continue reading Barry Choi: 5 ways to set yourself up for financial success in 2023
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