About 145 million American adults say that they own or have owned cryptocurrency. Statistically, that’s more than half of your co-workers, neighbors and friends. It’s also about the number of Americans who own stocks. Even though it’s not regulated by a government agency, cryptocurrency is becoming mainstream. However, President Biden recently signed an executive order… Continue reading Should I Invest in Bitcoin or Other Cryptocurrency? | Kiplinger
Stock Market Today: Dow Sinks 1,276 Points After Alarming CPI Report | Kiplinger
Stocks were crushed Tuesday as the latest inflation update showed consumer prices remained elevated in August – dashing hopes that price pressures had peaked. Looking at the numbers, the Labor Department this morning said its consumer price index (CPI), which tracks what consumers are paying for goods and services, was up 8.3% year-over-year in August.… Continue reading Stock Market Today: Dow Sinks 1,276 Points After Alarming CPI Report | Kiplinger
Warren Buffett’s Berkshire Hathaway saw $9 billion wiped off its Apple stake on Tuesday – as the iPhone maker shed $154 billion of market value in a single day
Warren Buffett’s Berkshire Hathaway saw the value of its Apple stake drop by $9 billion on Tuesday. Apple shares fell 6% as stocks tanked, slashing the iPhone maker’s market cap by $154 billion. The one-day drop in Apple’s market value was the sixth-largest in US stock-market history. Loading Something is loading. Warren Buffett’s Berkshire Hathaway… Continue reading Warren Buffett’s Berkshire Hathaway saw $9 billion wiped off its Apple stake on Tuesday – as the iPhone maker shed $154 billion of market value in a single day
Russia’s Rosneft paid just $1 for a Norwegian oil major’s main assets when the Ukraine war forced it to exit the country: report
Rosneft paid just 1 euro ($1) for Equinor’s main assets when the Norwegian oil major left Russia, per Reuters. Western oil majors have been trying to exit Russia given the sanctions its faces over the Ukraine war. The Kremlin allowed Equinor to drop $1 billion worth of its investment commitments as part of the deal.… Continue reading Russia’s Rosneft paid just $1 for a Norwegian oil major’s main assets when the Ukraine war forced it to exit the country: report
Billionaire ‘Bond King’ Jeff Gundlach says it’s time to get more bearish on US stocks, as the risk of deflation is much higher now
Jeff Gundlach said it’s time to be more bearish on stocks and he sees the S&P 500 dropping 20%. The billionaire “Bond King” told CNBC he now views deflation as the key risk to the US economy. He advised investors to buy long-term Treasurys and said the Fed should slow its rate hikes. Loading Something… Continue reading Billionaire ‘Bond King’ Jeff Gundlach says it’s time to get more bearish on US stocks, as the risk of deflation is much higher now
US stocks just suffered their biggest 1-day decline since June 2020. Here’s why an inflation surprise tanked the market.
US stocks on Tuesday registered their steepest one-day decline since June 2020. Investors dumped stocks and other assets after learning month-on-month inflation rose in August. Stubborn inflation may spur the Fed to keep hiking interest rates, potentially triggering a recession. Loading Something is loading. The US stock market suffered its worst one-day decline since June… Continue reading US stocks just suffered their biggest 1-day decline since June 2020. Here’s why an inflation surprise tanked the market.
Global stocks tumble after shock US inflation data, while yuan nears 2-year low as Biden eyes China sanctions
Asian and European stocks dropped Wednesday, as hotter-than-expected US inflation data rattled markets. Inflation rose in August, seen as making aggressive Federal Reserve interest rate hikes more likely. The Chinese yuan traded close to a two-year low on talk of Taiwan-related US sanctions against Beijing. Loading Something is loading. Global stocks fell sharply Wednesday after… Continue reading Global stocks tumble after shock US inflation data, while yuan nears 2-year low as Biden eyes China sanctions
Five Things You Probably Don’t Know About Your 401k (But Should)
U.S. investors hold $10.4 trillion in 401k assets as of the first quarter of 2022, making 401k’s far and away the popular choice of Americans saving for their retirement years. With all that treasure stashed away in 401k plans, you’d think retirement investors would take the time to know exactly what’s in their retirement plans,… Continue reading Five Things You Probably Don’t Know About Your 401k (But Should)
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