Amid a sea of red in US stock markets for much of Friday, a fundamental shift in investors’ thinking appeared to be taking hold, one which analysts describe as a “growth scare.” A “growth scare” has not been characterized by a correction in anticipation of slowing economic growth, even such a slowdown has not yet … Read more
The chain of events that culminated this week with the installment of a financial guardian over Wendy Williams’ finances started with a simple request from the TV personality to check her bank statements, according to her attorney, La’Shawn Thomas. Williams, suspecting misconduct by her financial advisor dela, wanted to switch banks and needed her most … Read more
what happened shares of Nvidia (NVDA -2.51%) continued to tumble on Friday, falling as much as 8%. As of 1:41 pm ET, the stock was still down 7.5%, capping off a week when shares dropped roughly 10%. While the chipmaker was no doubt caught up in the broader market decline, bearish comments by a pair … Read more
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A trader works on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, US, May 19, 2022. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com register Ross Stores plunges after cutting 2022 forecast S&P 500 +0.01%, Nasdaq -0.30%, Dow +0.03% May 20 (Reuters) – Wall Street ended … Read more
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The past week in the decentralized finance (DeFi) ecosystem was dominated by Terra’s collapse and its aftermath on various ecosystems it was connected. Now BNB chain has come to the rescue of several stranded projects on Terra by offering financial and technical assistance. After its spiral collapse, Terra co-founder Do Kown proposed a revival plan … Read more
Key Takeaways Rep. Byron Donalds has introduced a bill that aims to ensure that Americans can include Bitcoin in their 401(k) plan. The bill is the House companion to the Financial Freedom Act, a bill introduced by the Senate earlier this month. Whether the bill succeeds or fails could affect Fidelity, which is allowing users … Read more
As inflation soars and markets slide, many investors are wondering what’s coming next. Traditional advice dictates that long-term investors — those who are focused on retirement dates further down the road — should stay the course in the markets. But those with shorter time horizons of three-to five-years for a closer goal, like saving for … Read more
The Bored Ape Yacht Club is an iconic representation of the NFT boom.photo: Mario Tama (Getty Images) OpenSea, the online NFT marketplace, has shut down trading of a certain Bored Ape amidst an ongoing ownership dispute case in Singapore. The NFT now sports a bright red disclaimer announcing that it has been “reported for suspicious … Read more
TikToker is going viral after sharing her experience dealing with an alleged credit card scam. The part story, part PSA comes from a user named Meg (@meggylouu). In a video posted in early May, the TikToker detailed the credit card “swap” that nearly cost her $1,500. How to avoid panic buying in an ultra-competitive housing … Read more