“Why does Centre not come out with a clear cut policy on regulating cryptocurrency?” the Supreme Court asked on Monday, May 19, highlighting that its impact on the economy. A bench of Justices Surya Kant and N Kotiswar Singh termed the Bitcoin trade as an illicit trade more or less like “hawala”
Investing.com — Cantor Fitzgerald reiterated its bullish stance on Tesla (NASDAQ:TSLA) as shares trade around $350, citing a range of upcoming catalysts that could drive future growth despite near-term challenges.
“We remain bullish ahead of several material near-term potential catalysts,” analysts wrote in a post-earnings note.
» Read more about: Cantor Fitzgerald stays bullish on Tesla stock ahead of key catalysts »
Energy Transfer (ET 0.22%) will likely be of most interest to income-focused investors given its attractive 7.3% distribution yield. The distribution has been increased every quarter for nearly four years. In many ways this midstream master limited partnership (MLP) is very attractive. But in other ways it requires a leap of faith that some investors won’t be willing to take.
» Read more about: Could Buying Energy Transfer Stock Today Set You Up for Life? »
Gold
getty
The gold stock ETFs and the silver stock ETFs have dropped from this year’s highs but they’re still up from this time last year. That Costco is now limiting customers to one purchase of a gold bar rather than two is some real background: the expectation remains that tariff-related inflation will lead to higher precious metals prices.
» Read more about: Gold And Silver ETFs Take A Break As Costco Limits Gold Bar Sales »
Millions of Americans who rely on Social Security could see some of their monthly benefits confiscated beginning in June if they do not pay their student loan debt, Newsweek reported.
Approximately 2.9 million Americans aged 62 and older have federal student loan debt,
Wall Street Largely Shake Off Credit Rating Downgrade Worries
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U.S. stocks pared early losses Monday as investors largely shook off concerns about the U.S. government’s growing debt problem.
Monday morning’s dip came after Moody’s Ratings on Friday downgraded U.S.
Investing
For long-term investors, Berkshire Hathaway (NYSE:BRK-B) has been one of the truly rare unicorns that’s been worth holding onto for the very, very long-term.
» Read more about: Saying Goodbye to An Era: The 3 Stocks Buffett Will Be Best Known For »
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White House press secretary Karoline Leavitt said President Trump disagrees with Moodys downgrading the U.S. governments credit rating.
Treasury Secretary Scott Bessent downplayed the impact of Moody’s downgrading the U.S. government’s credit rating in an interview on Sunday.
Moody’s Ratings on Friday downgraded the U.S.
In this week’s video, I cover need-to-know news items related to Tesla(NASDAQ: TSLA) during the week of May 12. Watch the short video to learn more, consider subscribing, and click the special offer link below.
*Stock prices used were from the trading day of May 16,
» Read more about: Tesla Stock Surges, but Is Trouble Ahead? »
Tesla (TSLA -2.85%) stock has been in recovery mode lately. After a months-long decline to start the year, shares have soared more than 40% in the last month. Much of that rebound came after CEO Elon Musk told analysts that he planned to spend more time at the electric vehicle (EV) maker and less in his role in Washington,