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As if crypto bros didn’t have enough to worry about. The Securities and Exchange Commission has rejected Grayscale Investments’ application to convert its $13 billion spot Bitcoin trust into an exchange-traded fund, crushing one of crypto’s greatest hopes for wider digital asset ownership. Grayscale—which had the support of the greater crypto industry behind it—has tapped … Read More “Crypto Winter Is Coming After SEC Rejects Key Bitcoin ETF” »
Retirement savers would do well to check the fees on fund holdings in 401(k) accounts held at former employers before rolling over to an IRA. Workplace savings plans tend to have more favorable fund fees. Piotr Adamowicz/Dreamstime.com Text size Workers who roll over their 401(k) into an IRA when leaving their job may be setting … Read More “Should You Roll Over Your 401(k) to an IRA? It Can Cost You Tens of Thousands.” »
The miserable first half in financial markets comes to an end on Thursday. The S&P 500 SPX, -0.07% has dropped 20%. Government bonds have been no cushion, with the S&P U.S. government bond index losing 8%. Gold GC00, -0.61%, that supposed inflation hedge, has lost 1%. And don’t even ask about crypto. The only major … Read More “Oil at $55? Why one strategist is betting against the only winning asset class of 2022.” »
Text size The iShares Semiconductor ETF has fallen even more than the overall market this year. Courtesy of Texas Instruments BofA Global Research is getting more downbeat about the chip industry. Even though the semiconductor sector has lost more than one-third of its value this year, the pain isn’t over for investors, according to the … Read More “Chip Stocks Are in for Trouble, Analyst Says. 4 Stocks Get Downgrades.” »
Lewis Altfest’s time in the finance industry spans seven decades. He has some words of advice for investors who aren’t used to stomach-churning stock-price moves. Altfest founded Altfest Personal Wealth Management in 1983 after working as a general partner and director of research Lord Abbett & Co. Before that, he was an analyst for several … Read More “This veteran money manager has seen it all. And these 19 dividend stocks pass his rigorous quality screen right now.” »
Text size Byju’s made an offer of $15 a share to 2U’s board last week, according to a report. David Paul Morris/Bloomberg Shares of education technology provider 2U soared more than 18% early Wednesday after a report said that Byju’s, an Indian-online education provider, had offered to buy the company for more than $1 billion. Byju’s … Read More “2U Stock Soars on Report of $1 Billion Buyout Offer From India’s Byju’s” »
When the S&P 500 officially dropped into a bear market on June 13, closing down more than 20% from its last peak, it stirred debate about whether investors should hold tight or think about buying the dip. Battered stock prices SPX, -2.01% might look tempting for investors, but analysts at the Wells Fargo Investment Institute … Read More “How long will stocks stay in a bear market? It hinges on if a recession hits, says Wells Fargo Institute” »
Text size The Fed’s annual stress tests were introduced following the 2008-09 financial crisis. Dreamstime Morgan Stanley , Goldman Sachs , Wells Fargo , and Bank of America said they would raise their dividends after the Federal Reserve gave the banks a clean bill of health in its annual stress test, saying they could withstand … Read More “Bank Stocks Boost Dividends After Fed Stress Tests” »
A little more judging by stock futures reaction this morning. Thank China for some of that as the country announced the biggest easing in COVID travel requirements since about March 2020. China’s news may add to the sense that inflation has peaked, given the supply constraints that the lockdown there has produced. That brings us … Read More “Oaktree’s Howard Marks is finding bargains. ‘I am starting to behave aggressively,’ he says” »
Text size The Fed’s annual stress tests were introduced following the 2008-09 financial crisis. Dreamstime Morgan Stanley , Goldman Sachs , Wells Fargo and Bank of America said they would raise their dividends after the Federal Reserve gave the banks a clean bill of health in its annual stress test, saying they could withstand a … Read More “Goldman Sachs and Wells Fargo Boost Dividends After Fed Stress Tests” »
