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Hundreds of arrests in South Korea for cryptocurrency fraud involving millions

Police in South Korea have arrested 215 people suspected of the country’s largest crypto fraud to date. Local media report that 15,304 people were defrauded of a total of 325.6 billion Korean won (equivalent to 219.5 million euros). A South Korean financial influencer with a YouTube channel that has 620,000 subscribers promised people high profits but sold them cryptocurrencies,

 » Read more about: Hundreds of arrests in South Korea for cryptocurrency fraud involving millions  »

An elite hedge fund slashed its Nvidia and Tesla bets last quarter — and boosted its GameStop stake

  • Renaissance Technologies pared its Tesla and Nvidia bets and raised its GameStop wager last quarter.
  • The quant fund founded by the late Jim Simons cut its Tesla stake by 86% and halved its Nvidia wager.
  • RenTech boosted its GameStop position by more than 40% to 1.9 million shares.

 » Read more about: An elite hedge fund slashed its Nvidia and Tesla bets last quarter — and boosted its GameStop stake  »

2 Bulletproof Tech Stocks That Could Help Make You a Fortune

The tech sector is full of bulletproof stocks — but these two are a cut above.

What is a bulletproof stock? Well, in my book, it’s a stock with excellent fundamentals that is worth owning for the long term — meaning five years or longer.

Thankfully, the tech stock is chock-full of stocks that meet these criteria.

 » Read more about: 2 Bulletproof Tech Stocks That Could Help Make You a Fortune  »

Coca-Cola Is a Passive Income Powerhouse, but So Is This Cash-Gushing Oil Stock That Plans to Pay Over $11 Billion in Dividends by the End of the Year

Chevron’s dividend blends high yield and reliability.

Chevron (CVX 2.21%) stock has rallied 5.5% since the company reported third-quarter 2024 earnings on Nov. 1. The integrated oil and gas major continues to deliver solid results and return capital to shareholders through a combination of buybacks and dividends.

 » Read more about: Coca-Cola Is a Passive Income Powerhouse, but So Is This Cash-Gushing Oil Stock That Plans to Pay Over $11 Billion in Dividends by the End of the Year  »

3 Ultra-Safe Dividend Stocks That Have Been Paying Dividends for More Than 100 Years

These are income stocks you can buy and hold forever.

The past doesn’t predict the future. But if a company has been paying dividends for a long time, that can give investors confidence in its ability to continue doing so. It demonstrates that the company can weather a lot of adversity and innovate and launch new products to meet changing demand.

 » Read more about: 3 Ultra-Safe Dividend Stocks That Have Been Paying Dividends for More Than 100 Years  »

Suncor Energy’s Strong Q3 Performance and Strategic Initiatives Justify Buy Rating

In a report released yesterday, Randy Ollenberger from BMO Capital maintained a Buy rating on Suncor Energy (SU – Research Report), with a price target of C$65.00.

Randy Ollenberger has given his Buy rating due to a combination of factors surrounding Suncor Energy’s recent performance.

 » Read more about: Suncor Energy’s Strong Q3 Performance and Strategic Initiatives Justify Buy Rating  »

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