When it comes to bear markets, investors can take comfort from history, which suggests that where there’s a beginning, there’s always an end. And according to Bank of America, investors have only got ...
Tag: financial services
A Crypto Bankruptcy Could Be Investors’ Nightmare
The cryptocurrency market’s latest swoon is giving investors a painful lesson about the risks of trading digital tokens through intermediaries. In a bankruptcy restructuring, crypto investors would be...
Dogecoin investor sues Elon Musk, Tesla, SpaceX for $258 billion, claiming ‘pyramid scheme’
A dogecoin investor is suing Elon Musk and two of his companies, Tesla Inc. and SpaceX, for $258 billion, accusing them of operating a “pyramid scheme” to inflate the price of the cryptocurrency. The ...
Stock investors are still in danger, but history says bear markets are relatively brief
I have no idea how long the bear market on Wall Street will last, or how far down the major averages will go. But I do know what won’t help you forecast the bear market’s severity: valuation. Bear mar...
Bitcoin crash: These three metrics show how bad the carnage is, and what to expect next
Hello! Welcome back to Distributed Ledger, our weekly crypto newsletter that reaches your inbox every Thursday. I’ll walk you through what’s going on in the current bear market. As usual, find me on T...
Scared to check your 401(k) as Dow tumbles? Here’s when you should look — and when you shouldn’t
To look or not to look. That’s the question when people consider checking the balances in their investment and retirement accounts. Maybe ignorance is bliss amid a volatile stock market’s recent seque...
Can you earn 6% on your savings account? Yes — but here’s the catch
Want to earn more on your savings? Here are some things to consider. Getty Images/iStockphoto Interest rates on savings accounts are rising, but they’re still low. Indeed, the national average interes...
Celsius Is Crashing, and Crypto Investors Are Spooked
A few months ago, Mike Washburn’s cryptocurrency investment looked like a winner. Now he’s just hoping to get his money back. Mr. Washburn, a 35-year-old plumber in Otsego, Minn., had $100,000 in an a...
Crypto crash: What contagious risks could Celsius, Three Arrows pose? Here’s what to watch
The latest crisis started Sunday with Celsius, one of the biggest crypto lending platforms, pausing all withdrawals, swaps and transfers between accounts. The company reportedly has hired restructurin...
70% of economists say America is headed for a recession: poll. How to invest now
Worried about a recession? Here are some tips from pros Getty Images/iStockphoto Many economists say the United States will fall into a recession next year, according to a new poll by the Financial Ti...
‘The economy is going to collapse,’ says Wall Street veteran Novogratz. ‘We are going to go into a really fast recession.’
Veteran investor and bitcoin bull Michael Novogratz doesn’t have a rosy outlook on the economy, which he described as headed for a substantial downturn, with the likelihood of a “fast recession” on th...
Why stocks and bonds went into relief-rally mode after Fed’s jumbo rate hike
Financial markets suffered an absolute bloodbath in the days leading up to Wednesday’s Federal Reserve decision, with stocks plunging and bond yields soaring in the wake of surprisingly hot inflation ...
What the Fed Rate Hike Means for Your Savings, Credit Cards and Loans
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Bill Gates slams cryptos, NFTs as ‘100% based on greater fool theory’
“You have an asset class that’s 100% based on some sort of greater fool theory that somebody’s going to pay more for it than I do…” That was Microsoft MSFT, +1.40% co-founder Bill Gates delivering his...
Warren Buffett gives away $4 billion in Berkshire Hathaway stock as bidding for his last ever luncheon hits $3 million
As bidding for the last-ever chance to lunch with Berkshire Hathaway’s chairman and CEO Warren Buffett reached the $3 million mark, the investing legend himself announced a $4 billion giveaway in stoc...
Opinion: ‘The stock market is not going to zero’: How this individual investor with 70 years of experience is trading the bear market
Not many investors can claim a lifetime of stock-market success. Warren Buffett of Berkshire Hathaway BRK.A, -1.94% BRK.B, -1.39% comes to mind, of course, but what about Warren Kaplan? Who? Kaplan is...
Italian bond yields dive and euro climbs as ECB announces emergency meeting on market conditions
European bond yields fell and the region’s single currency climbed on Wednesday as the European Central Bank announced it would hold an emergency meeting to “discuss current market conditions.” The Go...
Harvard expert warns of potential ‘harm’ to index investing, as Republican bill takes on ‘woke fund managers’
Senators and legal experts tussled Tuesday over the merits of a Republican bill that aims to reduce the voting power of the three index-investing giants — BlackRock, Vanguard and State Street. Republi...
A 75-basis point Fed move is not a slam dunk, former staffer says
In the last 24 hours, investor expectations for the Federal Reserve have coalesced around a 75 basis point hike, nudged in that direction by a Wall Street Journal article. Fed-funds futures markets no...
3 moves retirement savers can make now to profit from the stock market turmoil
Every crisis is an opportunity. The massive turmoil on financial markets so far this year is no exception. Here are three things that every middle-class American can do with their 401(k), IRA or other...
Opinion: Those who buy stocks the day the S&P 500 enters a bear market have made an average of 22.7% in 12 months
CHAPEL HILL, N.C. – Good news, investors: Wall Street is holding a sale, offering stocks at 20% off! You’re not interested? That just means you only talk the talk about being a contrarian investor, bu...
Read for the Fed Preview. Stay for the Trouble Brewing in the Mortgage Market.
Recent inflation data are something of a game-changer for monetary policy. Expectations for what will come out of the Federal Reserve’s meeting this week and beyond have quickly ratcheted higher, spel...
Bitcoin down 70% from all-time high. Why is crypto market crashing?
Cryptocurrencies have been crashing. Bitcoin BTCUSD, -3.21% plunged to as low as $20,834 late Monday, the lowest level since December 2020 and down about 70% from its all-time high in November. The No...
A 75-basis-point hike? Here are 3 ways the Fed can sound more hawkish this week
The Federal Reserve’s plan to raise its benchmark rate to a neutral level, around 2.5%, by the end of the year is under pressure after a surprisingly strong May consumer-inflation data. “The May CPI w...
Fears of MicroStrategy Margin Call Mount as Bitcoin Slumps
Text size MicroStrategy would be forced to add to collateral if Bitcoin slips below $21,000. Dreamstime MicroStrategy , the business-intelligence software maker that borrowed money to invest in Bitcoi...
Four value-stock picks from a fund manager who steers clear of the energy sector
Jensen Investment Management follows a simple rule for initial screenings of stocks: Companies need to have achieved returns on equity (ROE) of at least 15% annually, for at least 10 consecutive years...