We believe it’s prudent to let a little stock go when the market is this overbought. But we’re also looking at opportunities.
Category: Finance
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House Republicans move to regulate crypto industry with a new subcommittee
Republican Rep. French Hill will chair a new digital assets subcommittee, as lawmakers continue a push to regulate the crypto space after the collapse of FTX.
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Citigroup’s fourth-quarter profit declines by 21% as bank sets aside more money for credit losses
Citigroup reported fourth-quarter earnings on Friday. Here’s how they did.
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Vietnamese luxury EV-maker VinFast to go public on Nasdaq by Q1
Vietnamese electric vehicle maker VinFast has filed for an initial public offering in the United States. Shares will be listed on the Nasdaq under the ticker “VFS.” VinFast, which was founded in 2017 and began operations in 2019, will convert to a Singapore public limited company for the IPO. The number of shares to be...
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2022 was the worst-ever year for U.S. bonds. How to position your portfolio for 2023
In 2022, bond investors suffered worse returns than they have in the last 250 years, according to an investment historian.
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Think you’ve got investing skill? Your overconfidence may be costly
A new report suggests many investors, especially younger ones, are overconfident in their abilities. That behavioral bias may lead to loss or too much risk.
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Crypto exchange Huobi to lay off 20% of staff as industry reels from FTX collapse
Justin Sun, a Huobi advisory board member, said the crypto exchange plans to reduce its global headcount by about 20%.
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Jim Cramer’s Investing Club meeting Friday: Stocks rise, Constellation, Wells Fargo
The Investing Club holds its “Morning Meeting” every weekday at 10:20 a.m. ET.
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Stocks making the biggest moves midday: World Wrestling Entertainment, Bed Bath & Beyond, Costco and more
These are the stocks posting the largest moves in midday trading.
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FTX diverted $200 million of customer money for two venture deals that caught the SEC’s attention
As Sam Bankman-Fried was using FTX customer money for all sorts of risky trading and lending, he was also making large venture investments.