Western Mass. authorities warn of cryptocurrency scam costing residents thousands
Law enforcement in western Massachusetts say they’re seeing a rise in crypto-related scams – with one in particular costing victims thousands of dollars.
If you’ve been in a convenience or grocery store as of late, chances are you’ve encountered a crypto-centric ATM.
Most deal with the cryptocurrency Bitcoin and are meant to take your real-world dollars and convert them into the crypto asset,
Read MoreStock market today: S&P 500 hits 6,000 as Tesla rebounds amid Trump-Musk feud cooldown
A high-profile feud between President Donald Trump and billionaire Elon Musk reached a fever pitch on Thursday, triggering a $150 billion-plus wipeout in Tesla (TSLA) shares.
The selloff came after Musk slammed Trump’s GOP-backed spending bill, prompting fiery responses from the president and raising concerns over the political risk now tied to one of the world’s most valuable companies.
Read MoreTesla Stock, SpaceX Fund Claw Back Losses
Tesla stock traded as high as $305.50 and closed just north of $295, up almost 4%, on Friday.
Tesla stock was roughly $355 before the Musk-Trump feud started escalating. On Thursday, shares closed at $284.7, down 14%, wiping out more than $150 billion in market value. It was the largest one-day value loss in Tesla’s history.
» Read more about: Tesla Stock, SpaceX Fund Claw Back Losses »
Read MoreS&P 500 (NYSEARCA: SPY) Live: Markets Recapture Momentum on Strong Jobs Data
Investing
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Today’s stronger than expected jobs report has sent the broader stock market back above the psychologically important 6,000 level.
» Read more about: S&P 500 (NYSEARCA: SPY) Live: Markets Recapture Momentum on Strong Jobs Data »
Read More5 Social Security Changes You Missed This Year
Investing
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Social Security looks different today than it did in 2024.
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Benefits went up, as did the wage cap and earnings-test limit.
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Qualifying for Social Security got harder,
» Read more about: 5 Social Security Changes You Missed This Year »
Read MoreThe Burst
It Is Too Late To Buy This Pelosi Stock?
What started out as a fun joke tracking Nancy Pelosi’s trades has turned into somewhat of a cult following. That’s because Pelosi’s portfolio was up as high as 71% this year alone but her short-term market outperformance is mirrored over the long-term with returns that rival those of Buffett.
That led many to speculate whether it was time to go all-in when she bought Palo Alto Networks earlier this year.
» Read more about: It Is Too Late To Buy This Pelosi Stock? »
Read MoreThe Ivy
Is This Insane 14.9% Dividend Yield Safe?
Dividends have historically been an extremely important factor in investors’ overall returns in the stock market, providing liquid income and creating opportunities for growth through reinvestment.
Today, though, soaring stock prices associated with expectations of high future growth have sent dividend yields well below their historical averages. The S&P 500 today yields just 1.2%,
» Read more about: Is This Insane 14.9% Dividend Yield Safe? »
Read MoreThe Spotlight
Spotlight: Will Tesla Make You Rich?
Yet another year has gone by where Tesla has absolutely crushed the market. Despite each year starting out with naysayers predicting doom for Musk’s car manufacturer, the performance again has been market-beating.
In fact, Tesla has outperformed the general stock market by about 6x this year, a jaw-dropping result considering all the bearish prognostications at the start of the year following a dismal 2022.