US Housing Warning Sparks Worst James Hardie Selloff Since 1973
(Bloomberg) — A downbeat outlook on the US housing market from James Hardie Industries Plc sent shares of the building materials producer tumbling the most in five decades, the latest sign of caution around a pillar of the world’s largest economy.
The company’s shares tumbled 28%, the most since November 1973,
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Read MoreBullish makes crypto IPO history, then tanks
Bullish makes crypto IPO history, then tanks originally appeared on TheStreet.
Bullish, the global digital asset platform behind the BLSH stock ticker, has completed a landmark IPO, becoming the first U.S. public company to settle the majority of its offering proceeds in stablecoins.
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Read MoreArk Invest Buys $21.2M of Bullish Shares and $16.2M Robinhood Shares
Cathie Wood’s Ark Invest has increased its exposure to crypto exchange operator Bullish (BLSH), with the ARK Innovation ETF (ARKK) now holding 1,165,397 shares valued at roughly $73.85 million, according to the firm’s latest holdings disclosure.
The update comes after Ark added 356,346 Bullish shares to ARKK on Aug.
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Read MoreGoldman Sachs Buy-Rated Energy Services Dividend Stocks With Up to 25% Upside
Investing
Founded in 1869, Goldman Sachs is the world’s second-largest investment bank by revenue and is ranked 55th on the Fortune 500 list of the largest United States corporations by total revenue.
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Read MoreIt’s dividend time! — And time to let go: Money Talks
I’m doing what I said I would do.
If you’ve followed this series, you know I’ve spent more than a year inching toward consolidation.
Last month, I took the final step.
I sold Nike, Hershey and Starbucks — the last three dividend-paying companies in my taxable account.
» Read more about: It’s dividend time! — And time to let go: Money Talks »
Read MoreThe Burst
UnitedHealth Could Get Worse Before It Gets Better
After a punishing first half of the year, UnitedHealth’s latest earnings report delivered another gut punch.
The stock, which had already been cut in half year-to-date by July 31, slid even further following the release.
Between deteriorating fundamentals, mounting regulatory pressure, and a brutal earnings revision, it’s fair to ask whether UnitedHealth finally hit bottom,
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Read MoreThe Ivy
Will Buffett’s 23-Quarter Streak Start Again?
For more than half a decade, Warren Buffett’s Berkshire Hathaway accumulated the same stock quarter after quarter, 23 straight times, to be exact. Then, without warning, the buying stopped last year.
It wasn’t because Buffett lost faith in the company. In fact, his recent moves suggest he’s been biding his time, waiting for the numbers and the price to line up again.
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Read MoreThe Spotlight
Where Will Robinhood Stock By 2030?
Robinhood doesn’t need to become the next Apple to reward shareholders. It just needs to keep doing what it’s doing, only better, smarter, and at a larger scale. Fortunately, that seems to be exactly the path it’s on.
Let’s uncover why Robinhood might be one of the more under-appreciated fintech stories unfolding right now.