Berkshire Hathaway (BRK-A, BRK-B) Vice Chairman Charlie Munger on Wednesday sharply criticized cryptocurrency traders as participants in a get-rich-quick scheme and faulted the U.S. for what he considers a failure to ban cryptocurrency trading outright. Munger, 98, a longtime critic of cryptocurrency trading, said the increasingly popular market is run by “people who want to […]
SINGAPORE — Stocks in Asia-Pacific were mixed in Thursday trade as investors continue to monitor the situation surrounding Ukraine. The Nikkei 225 in Japan declined 0.37% while the Topix index shed 0.46%. Japan’s January exports came in far below expectations, with official data released Thursday showing a 9.6% year-on-year rise for that month. That was against […]
AMD is now a bigger company, by market capitalization, than Intel. It may be close, but AMD has passed Intel for the first time in the company’s history with a ~$197.75 billion market cap at the close of the market on February 15 compared to Intel’s $197.24 billion. AMD’s sudden market cap surge comes on […]
Having been around a year since GameStop’s (GME) stock gained notoriety through the infamous short squeeze, “meme stocks” continued their rise to prominence throughout 2021 and remain at the forefront of investors’ minds today. According to data collected in a recent Charles Schwab (SCHW) Trader Sentiment Survey, the majority of investors believe meme stocks still […]
The Dow Jones Industrial Average rose for the first day in four on Tuesday after Russia appeared to be backing away from an immediate invasion of Ukraine, cooling geopolitical tensions that have knocked the stock market down the last three days. The Russian Defense Ministry said it had begun returning some troops to deployment bases […]
Canadian Prime Minster Justin Trudeau may use his new emergency powers to go after the Freedom Convoy’s cryptocurrency, CoinDesk reported Tuesday. “We are broadening the scope of Canada’s anti-money-laundering and terrorist-financing rules so that they cover crowdfunding platforms and the payment service providers they use,” said Canadian Deputy Prime Minister Chrystia Freeland. “These changes cover […]
Energy ministers representing Egypt and Cyprus on Monday said they were deeply concerned about the potential for oil prices to climb above $100 a barrel. It comes at a time when more than a dozen countries have urged their citizens to leave Ukraine amid warnings of an imminent Russian invasion. International benchmark Brent crude futures […]
When mature trees topple in the forest, it can seem plenty dangerous and disruptive at the time. But falling giants also open a pathway for fresh air and sunlight to reach the ground, giving saplings a chance. Is a similar situation playing out now in the stock market? Today’s giants of the forest are technology-focused […]
Cryptocurrency firm BlockFi said Monday it has agreed to pay $100 million to the U.S. Securities and Exchange Commission and several states to settle charges related to its popular crypto lending product. BlockFi, which is backed by Silicon Valley investor Peter Thiel, touts itself as a banklike platform for crypto users. The company offers a […]
Roughly two out of three “fund selectors” don’t think individual investors should own cryptocurrency in their portfolios, largely for reasons related to transparency and regulation, according to a Natixis Investment Managers survey. Fund selectors at brokerage houses, financial advisory shops, private banks and other institutions analyze and choose the investments their firms offer customers. Sixty-eight […]
Investors kicked off 2022 in a swirl of uncertainty, including the Federal Reserve’s move to tighten monetary policy, rising inflation and tension between Russia and Ukraine. Indeed, these factors so unsettled the market, the major indexes ended the prior week firmly in negative territory. Finding long-term stock picks in this new age can be challenging; […]
If it somehow feels as if cryptocurrency markets are relatively quiet, that’s because they are. That is, trading volumes as a percentage of market cap in many of the major cryptocurrencies are lower compared with previous months. The end result is that it may take smaller amounts of capital to move the markets wildly. Just […]
