Jail for ‘key cog’ in cryptocurrency scam in which investors in Singapore lost $1.1m
SINGAPORE – He was the chief executive of a firm that offered investment schemes, claiming to have 300,000 physical mining machines capable of generating revenue by mining cryptocurrencies.
But this turned out to be a hoax. Lu Huangbin’s firm, A&A Blockchain Technology Innovation, was in fact running a Ponzi scheme.
According to his charges,
Read MoreWall Street loses ground, breaking a 9-day winning streak, and crude oil prices tumble
NEW YORK — Stocks closed lower on Wall Street Monday, breaking a nine-day winning streak, as oil prices hit a four-year low after the OPEC+ group announced plans to increase output.
The losses came amid a relatively calm day of mostly mixed trading. They followed several weeks of gains that helped the market wipe away its losses since the ongoing trade war began.
Read MoreAsian shares are mostly higher after Wall St breaks its winning streak
Shares were mixed Tuesday in Asia after benchmarks fell on Wall Street, snapping a nine-day winning streak.
Oil prices bounced back part-way from a 4-year low and U.S. stock futures slipped.
A monthly survey measuring future activity in China’s services sector fell to its lowest level ever, excluding the pandemic, in a further sign the escalation of U.S.
» Read more about: Asian shares are mostly higher after Wall St breaks its winning streak »
Read MoreAs Warren Buffett prepares to retire, does his investing philosophy have a future?
Warren Buffett, the 94-year-old investing legend and chief executive of Berkshire Hathaway, has announced plans to step down at the end of this year.
His departure will mark the end of an era for value investing, an investment approach built on buying quality companies at reasonable prices and holding them for the long term.
Read MoreStock market today: Dow gains 1,000 points, while S&P 500, Nasdaq surge as US-China deal spurs a rush into stocks
Investors worldwide are assessing the US-China deal to reduce their hefty rates of reciprocal tariffs, slashed by 115 percentage points to 10% on both sides.
Aaron Hill, FP Markets’ chief analyst
This “marks a pivotal moment in global trade dynamics.
Read MoreThe Burst
Will Teladoc Stock Soar or Crash?
After hitting a high of $292.51 per share in February 2021, Teladoc (TDOC) shares plummeted by over $250 per share. This year alone the price of TDOC shares has plunged by over 67%.
Still, there’s plenty to like and the bull case has merit.
» Read more about: Will Teladoc Stock Soar or Crash? »
Read MoreThe Ivy
Market Commentary: Toss This Burrito Stock Now?
Investors crave companies with exceptional long-term capital growth, and Chipotle Mexican Grill has emerged as a rare gem. Over the past five years, its share price skyrocketed by almost 5x, easily outperforming the S&P 500’s 63%+ return since 2018.
But what sets this humble burrito outlet apart from the rest, and is its stock overvalued?
» Read more about: Market Commentary: Toss This Burrito Stock Now? »
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