Cryptocurrency: Investing with Jaltech vs DIY
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The cryptocurrency market is on a path toward becoming a fully-fledged sector in financial markets, with rapid development attributed to the Bitcoin and Ethereum ETFs listed in the US, institutional investor adoption by BlackRock, and newfound political support in the US.
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Read MoreHundreds 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,
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Read MoreAn 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.
Stock market today: Wall Street drifts lower as the Trump trade cools
NEW YORK — U.S. stocks drifted lower Tuesday as momentum cooled for the torrid “Trump trade” that swept Wall Street following Donald Trump’s presidential victory.
The S&P 500 slipped 0.3% a day after setting its latest all-time high.
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Read More1.8 million Ohioans don't have a workplace retirement plan. State must act | Opinion
John Scott is the director of the Pew Charitable Trusts’ retirement savings project.
The Burst
1 Monster Stock In Global Chip Shortage
A global semiconductor shortage has made it difficult for several companies, including those in vehicle and smartphone manufacturing, to keep up with demand. Practically any industry that relies on microchips has faced disruptions over the last few years.
While the global chip shortage hurts many companies, it creates enormous opportunity for chip manufacturers.
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Read MoreThe Ivy
Market Commentary: Undervalued Zombie with 41.6% Upside
Zombie companies are heavily indebted but continue to operate and service their debts, though usually they don’t pay them off. Because they’re so heavily indebted, small changes in interest rates can make them vulnerable to bankruptcy. So you might be wondering, why, in a rising interest rate environment they should even cross our radar.
Well,
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