US stocks hang near their record as Wall Street takes a breath following two big days
By STAN CHOE AP Business Writer
NEW YORK (AP) — U.S. stocks are hanging near their all-time high on Wednesday as financial markets catch a breath following two big days bolstered by hopes that the Israel-Iran war will not disrupt the global flow of crude oil.
The S&P 500 was 0.2% higher in early trading and sitting just 0.7% below its all-time high.
Read MoreTesla's robotaxi launch could drive industry disruption and market share gain, analysts say
Tesla’s (TSLA) robotaxi could reshape the auto market, Piper Sandler said.
In a new note to clients, the firm reiterated its bullish stance, citing Tesla’s pioneering work and first-mover advantage in self-driving software. “Tesla is still the most transformative company in autos,” analysts led by Alexander Potter wrote. “Over time,
Read More'Ditch high-GST economies, invest where capital gains tax is zero': Financial expert shares global strategy to beat tax traps
Financial advisor Akshat Shrivastava has laid out a bold, unconventional strategy for professionals seeking to maximise their earnings and reduce tax burdens—legally. In a recent post, he encouraged working professionals and mid-career earners to consider managing their income, investments, and spending across different countries for optimal financial efficiency.
“When you earn,
Read MoreBitcoin's 400x Rise Aside, Cathie Wood Says The 'Next Exciting Leg' Is Just Beginning
Renowned investor Cathie Wood said Tuesday that growing institutional interest in Bitcoin BTC/USD would herald the “next exciting leg” of the asset’s growth journey.
What Happened: The CEO of asset management firm ARK Invest was reacting to billionaire hedge fund manager Philippe Laffont’s views on Bitcoin.
Cryptocurrency fraud ring busted in Spain after laundering $540 million, says Europol
A cryptocurrency investment fraud ring that investigators said laundered 460 million euros ($540 million) using a worldwide network of accomplices has been dismantled in Spain, European police body Europol said on Monday.
Europol said Spanish police led the operation against the criminal network, and that law enforcement agencies from France, Estonia and the United States were also involved.
Read MoreThe Burst
Insane Revenue Spike Ahead for Amazon?
The past few weeks have been difficult for Amazon investors. After the company announced slowing revenue growth and weaker-than-expected financial guidance, the stock price plummeted.
Although investors were likely troubled by Amazon’s poor quarterly results, they may have missed one of the most important figures in the company’s filings with the Securities and Exchange Commission (SEC).
» Read more about: Insane Revenue Spike Ahead for Amazon? »
Read MoreThe Ivy
Market Commentary: 1 Sky High Dividend Yield Stock with 61.9% Upside
Innovative Industrial Properties (IIPR), doesn’t cultivate cannabis but instead leases real estate to cannabis companies, enabling them to grow their operations.
In essence, IIPR is a cannabis real estate investment trust (REIT), and it was the first and is the largest cannabis-focused REIT to…
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