Households, not hedge funds or major corporations, represent the biggest class of owners of the U.S. stock market. That matters because households, the “placid gorilla” in U.S. stocks, haven’t cut and...
Tag: Investing
The Magic Is Back at Disney: Here’s Where I’d Buy
Supercalifragilisticexpialidocious!! On Wednesday afternoon, The Walt Disney Company (DIS) released the firm’s fiscal third quarter financial results. The magic is back. For the three month peri...
4 takeaways from the Investing Club’s ‘Morning Meeting’ on Thursday
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Thursday’s key moments. July’s soft PPI is ...
Pfizer Stock Slumps On Litigation Linked to Zantac Heartburn Drug
Updated at 12:17 pm EST Pfizer (PFE) – Get Pfizer Inc. Report shares slumped lower Thursday amid investor concern over potential litigation linked to the popular, but now-discontinued, heartbur...
What Crypto is BlackRock investing in?
After several speculations in the past, the world’s largest investment management company BlackRock has finally ventured into the cryptocurrency industry. Now, the investment manager is betting big on...
IBM Gets a Quant Downgrade, But Here’s What the Charts Reveal
Shares of IBM (IBM) were downgraded Tuesday by TheStreet’s Quant Ratings service. Let’s check the charts to see if what the technicals say. In the daily bar chart of IBM, below, we can see...
AMC’s New Drama Stars an ‘APE,’ Exuberant CEO, and Bonds … AMC Bonds
AMC Entertainment (AMC) released second-quarter earnings last week, with revenues down about 20% from pre-pandemic levels in 2019 and continued losses — but the real show-stopper was the theater...
Stocks rally like it’s ‘mission accomplished’ — but investors urge caution as Nasdaq enters bull market
Investors might want to keep their guard up as the stock market continues its rally. “The market has kind of gone back to sleep” in appearing to think, “all right, mission accomplished, inflation’s in...
What is Wrapped Bitcoin (WBTC)? Explained as Simple as ABC
Wrapped Bitcoin (WBTC) is an ERC-20 token backed by bitcoin. You can exchange it for bitcoin on a ratio of one to one (1:1). An ERC-20 token, on the other hand, is a digital asset issued on the Ethere...
DEX Protocol Injective Raises $40 Million Ecosystem Development Fund
Decentralized exchange (DEX) protocol, Injective announced today it has raised $40 million in a just-concluded funding round. According to the announcement, investors in the round include Jump Crypto ...
Crypto Exchange Hotbit Suspends Withdrawals Over Criminal Investigations
Singapore-based cryptocurrency exchange Hotbit has suspended all activities, including deposits and withdrawals, over criminal investigations against its former employee, the company announced Wednesd...
CryptoCom CEO Says Crypto Will Bounce Back Strongly
Kris Marszalek, CEO of popular cryptocurrency exchange CryptoCom, said that the crypto industry will come back strongly once it recovers from the current bear market. During an interview with CNBC on ...
Elon Musk Dumps $6.88 Billion In Tesla Stock
POOL/AFP via Getty Images Key Takeaways Elon Musk has sold almost $7 billion worth of Tesla stock in recent days, despite announcing in April he had no further sales planned. It brings the total liqui...
Crypto Newbie? Here’s How to Start Investing in Cryptocurrencies
Crypto newbie? Interested in investing while the bear market has brought on some bargains? Then here are some good starting points. Despite the crypto winter, interest in cryptocurrency investing is s...
Algorand Partners Boston University to Support African Farmers Using Blockchain
The Algorand Foundation, a non-profit organization aimed at supporting the Algorand network, recently announced its partnership with Boston University and Kenya-based agricultural company, Hello Tract...
Iran Places Order to Import $10M Goods, Pays With Crypto
Iran has recently used cryptocurrencies to pay for goods that would be imported into the country. Although the crypto assets used in the purchase were not disclosed, Alireza Peyman-Pak, head of Iran’s...
Ethereum Layer2 Arbitrum Launches New Nova Network With Reddit Support
Arbitrum, an Ethereum layer2 scaling solution, has launched a second chain built on AnyTrust Technology dubbed “Arbitrum Nova.” Reddit will use the new chain to enhance its blockchain-based Community ...
Don’t be fooled by a drop in U.S. headline inflation. Markets will be attuned to another figure on Wednesday.
Traders, investors and economists are all counting on Wednesday’s consumer-price index report to show a decline in the annual headline U.S. inflation rate for July. But there’s another figure buried i...
Micron and Nvidia: Buy or Sell After Bearish Updates?
Yesterday it was Nvidia (NVDA) – Get NVIDIA Corporation Report and today it’s Micron (MU) – Get Micron Technology Inc. Report. Both chipmakers are moving lower on Tuesday following beari...
Cathie Wood Watch: Buys Nvidia, Output Platform; Sells DraftKings
Cathie Wood, chief executive of Ark Investment Management, bought and sold familiar stocks Monday, including a sports gambling company and a top semiconductor maker. All valuations below are as of Mon...
‘The real mortgage rate is a negative number.’ As inflation stubbornly sits at a 40-year high, do current mortgage rates look better than they seem?
What is the so-called ‘real mortgage rate’ and does it matter? Getty Images/iStockphoto I write about mortgage rates every week, but recently, I’ve heard some sources chattering about what’s called th...