Dow falls 450 points as Goldman Sachs, Morgan Stanley CEOs warn of market correction after AI boom
US stocks fell Tuesday as the CEOs of Goldman Sachs and Morgan Stanley warned that markets are due for a correction – adding to investor fears that AI stocks have become overvalued.
The Dow Jones Industrial Average plunged 450 points, or 1%, while the S&P 500 and Nasdaq slid 1.2% and 1.7%,
Read MoreUS sanctions North Korean bankers accused of laundering stolen cryptocurrency
WASHINGTON — The United States on Tuesday imposed sanctions on a group of bankers, financial institutions and others accused of laundering money from cyber crime schemes — money the Treasury Department says helps pay for North Korea’s nuclear weapons program.
Over the past three years,
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Read MoreCathie Wood’s ARK Invest adds $12M in Bullish shares as options trading surges
Cathie Wood’s ARK Invest increased its position in Bullish crypto exchange on Monday, purchasing about 238,000 shares worth around $12 million across its flagship funds.
According to ARK’s daily trade disclosures, the ARK Innovation ETF (ARKK) bought 164,214 shares, the ARK Next Generation Internet ETF (ARKW) added 49,056 shares, and the ARK Fintech Innovation ETF (ARKF) acquired 25,076 shares.
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Read MoreBloom Energy (BE) Powers to Record High. Here’s Why
Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!
AI is eating the world—and the machines behind it are ravenous.
Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy.
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Read MoreDo You Have More or Less Retirement Savings Than Other People Your Age?
Want to see how your retirement savings stack up? Check out what other people your age have saved.
It’s important to work on saving for retirement throughout your career. That’s because you’ll need money to supplement Social Security, and the sooner you start investing to grow your nest egg,
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Read MoreThe Burst
Alphabet’s $32 Billion Bet: Smart Move or Costly Mistake?
Alphabet tripled its price per share over the past 5 years thanks to Google Search, which has the largest share of the search engine market, Android the largest mobile operating system in the world and YouTube the dominant video-sharing platform.
But now it sits at a crossroads, and the question for investors is has the time come to sell the Search giant?
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Read MoreThe Ivy
1 Monthly Dividend Stock To Never Stop Adding?
There’s something powerful, almost addictive, about waking up to income you didn’t have to actively work for. Passive income gives you more bang for your investment buck up front, and if you’ve chosen wisely, income producers raise their payouts over time, feeding a cycle of reinvestment and compounding that accelerates your path to financial independence.
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Read MoreThe Spotlight
10 Billion Reasons To Own This Recession-Proof Stock
With concerns of an impending recession looming large and Goldman Sachs pivoting away from momentum stocks to value stocks, one stock that may fit the bill is Procter & Gamble.
Although the share price has been somewhat volatile subsequent to fiscal Q4 2024 earnings results, P&G bounced back nicely to make an assault on all-time highs.
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