Spot Bitcoin ETFs bleed $1B in a week, snapping six-week inflow run
Spot Bitcoin exchange-traded funds (ETFs) recorded $1 billion in weekly net outflows, ending a six-week inflow streak that had drawn a combined $3.4 billion.
The week started on a cautiously optimistic note, with Monday posting modest inflows of $27.29 million, according to data from SoSoValue. The tide turned sharply on Tuesday,
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Read MorePowell, Array, Shoals, Advanced Energy, and American Superconductor Shares Are Falling, What You Need To Know
What Happened?
A number of stocks fell in the afternoon session after April CPI hit 3.8% and Brent oil climbed to ~$107 confirming through the consumer data what manufacturers already reported through the ISM survey.
The ISM Prices Index reached 84.6% in April,
Stocks are near all-time highs — but a new report finds 53% of Americans think investing is a ‘bad idea’
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Americans are growing increasingly uneasy about the economy again, and it’s starting to show up everywhere, from consumer confidence surveys to stock market sentiment (1).
A new Gallup poll found economic confidence fell sharply in April,
Read MoreS&P 500 and Nasdaq Retreat as Treasury Yields Hit Multi-Month Highs
Stocks retreated Friday morning, pulling back from record highs. After the Dow Jones Industrial Average (^DJI 1.07%) cracked 50,000 and the S&P 500 (^GSPC 1.24%) eclipsed 7,500 for the first time on Thursday, Wall Street decided Friday morning was a good time for a breather.
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Read MoreWarren Buffett's Berkshire trims stake in 147-year-old oil stock
Warren Buffett has spent decades doing one thing better than almost anyone on Wall Street.
He buys when everyone else is nervous. And he sells when the crowd is most excited.
That playbook appears to have driven Berkshire Hathaway’s latest move in one of its most high-profile energy positions.
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Read MoreThe Burst
Is This Old Buffett Favorite Now Worth Buying?
Once upon a time Wells Fargo was beloved by Warren Buffett. Despite scandal after scandal plaguing the company, his conviction couldn’t be shaken, until finally the accumulation of issues appeared to spark a sell.
As a reminder, here are the scandals that rocked Wells Fargo over the years:
- September 2016: The fake account scandal
- September 2016: Improperly repossessing service members’ cars
- December 2016: Wells Fargo fails its ‘living will’ test
- March 2017: More fake accounts
- March 2017: Flunked community lending test
- April 2017: Whistleblower wins $5.4 million and his job back
- August 2017: Lawsuit over overcharging small business retailers
- February 2018: Sacramento sues over discrimination against black and Latino borrowers
- March 2018: Wealth management investigation emerges
- April 2018: $1 billion settlement for mortgage locks and auto-loan issues
- May 2018: Altering business information without client knowledge
- May 2018: $480 million to settle securities-fraud lawsuit
- June 2018: SEC fine for leading investors astray
- July 2018: Refunds over add-ons like pet insurance and legal services
- August 2018: Hundreds of houses foreclosed on due to computer glitch
- August 2018: Wells Fargo pays $2.1 billion for its role in housing bubble
- March 2019: Wells Fargo among advisors sanctioned by SEC for fee-disclosure practices
Since Buffett offloaded his position,
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Read MoreThe Ivy
Is Buffett Primed To Pounce On a Crash?
In 2024, value investing legend Warren Buffett did the seemingly unthinkable by selling stocks aggressively in a year that saw the S&P 500 climb by about 23 percent.
While the exact figures on Buffett’s selling won’t be known until Berkshire Hathaway releases its Q4 earnings report, the total stood at a staggering $133 billion as of the end of Q3.
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Read MoreThe Spotlight
Secret To Billionaire’s Success Is…
Ray Dalio is the founder and co-chief investment officer of Bridgewater Associates, one of the largest and most successful hedge funds in the world. So, what is the secret to his success and how did he get so rich?
How Has Dalio Crushed The Market?
Hedge Fund Research reports that Bridgewater’s flagship pure alpha fund generated an annualized return of 12.6% since its inception in 1991,