- Yahoo Finance UK
The People's Bank of China vowed to stop all companies from facilitating cryptocurrency trading.
Is it time to copy the fourth-richest person in the world?
- The Wall Street Journal
The tax strategy at issue is the mega-backdoor Roth conversion and it has allowed some Americans to amass sizable balances in tax-free Roth retirement accounts. On Sept. 15, the House Ways and Means Committee approved legislation from House Democrats that would prohibit use of the mega-backdoor Roth conversion starting Jan. 1, 2022. The proposal is one of a series of measures Democrats are backing in an effort to prevent the wealthiest Americans from shielding multimillion-dollar retirement balances from taxes.
'Financial institutions and non-bank payment institutions cannot offer services to activities and operations related to virtual currencies,” the People’s Bank of China says Friday.
My bank accidentally deposited $10K in my account. I reported it, then moved it to my savings account. Have I done enough?
‘I have made an earnest attempt to get the bank to take their money back, so I was wondering if at any point or time the money would become legally mine.’
(Bloomberg) -- China’s housing regulator boosted oversight of China Evergrande Group’s bank accounts to protect funds earmarked for housing projects from being diverted to creditors. The developer’s funds must first be used for construction to ensure project delivery, according to people familiar with the plan. Most Read from BloombergSchool Reopenings Falter as U.S. Kids Near 1 Million Covid CasesIstanbul Turns Taps on Old Fountains, Joining Global Push for Free DrinksA Jewish Tradition Makes R
With a market cap of $2.43 trillion, Apple (AAPL) is the world’s biggest company - the giant amongst giants. While most on the Street foresee more growth on the horizon, one analyst has just taken expectations to the next level. Tigress' Ivan Feinseth has just reiterated a Strong Buy rating for the tech behemoth and attached a Street-high price target of $198. The implication for investors? Upside of 35% from current levels. (To watch Feinseth’s track record, click here) The 5-star analyst count
- Investor's Business Daily
Want to know Cathie Wood's ARK Invest secret to scoring huge gains? The secret is out: An obscure measure called Wright's Law, which tells her stocks are not in a bubble.
- Yahoo Finance Video
Yahoo Finance's Ines Ferre breaks down the key takeaways from Nike's Q1 earnings release.
Palantir Technologies Inc (NYSE: PLTR) was flying over 5% higher on Thursday propped up by overall market strength and continued interest in the r/WallStreetBets community of retail traders. The stock has been trading in a steep uptrend since reaching a July 19 low just above the $20 mark. Options traders hammered bullish call contracts throughout the day believing the stock has more room to run. The options traders purchased over millions worth of calls with one trader paying $201,150 for a sin
(Bloomberg) -- Most Read from BloombergSchool Reopenings Falter as U.S. Kids Near 1 Million Covid CasesIstanbul Turns Taps on Old Fountains, Joining Global Push for Free DrinksA Jewish Tradition Makes Room for Unconventional DesignIn Paris, the Wrapped Arc de Triomphe Is a Polarizing PackageBerlin Referendum Could Determine the Future of the City’s HousingChina’s central bank said all cryptocurrency-related transactions are illegal and must be banned, sending the strongest signal yet on its dete
- Yahoo Finance
One sector of the market has truly tanked. Here is the ugly, but true data.
- The Wall Street Journal
Chinese Estates, which is controlled by Hong Kong billionaire Joseph Lau and his wife, Chan Hoi-wan, said it had recently pared its stake in Evergrande and it was seeking shareholder approval to potentially sell the remainder.
- Motley Fool
In the face of powerful stock market strength, it's important to focus on the long term for the best results.
Cryptocurrencies came under pressure on Friday after the People's Bank of China reportedly said digital currencies are not legal tender in the country. "Virtual currency-related business activities are illegal financial activities," the People's Bank of China (PBOC) said in an online statement Friday,
When stocks hit bottom, investors should take note. Stock prices fall for a reason, but those reasons don’t always mean that the stock is unsound. In fact, some fundamentally strong equities can fall to rock bottom prices – and when that happens, it’s a buying opportunity. Wall Street’s analysts are frequently on the alert for these cases, as they generally offer investors some of the best upside potentials in the market. Using TipRanks’ database, we pinpointed three stocks whose price has falle
- Simply Wall St.
We are going to take the expected fundamental performance for the company and build a simple discounted cash flow model (valuation), in order to help investors get more clarity on what kind of performance they need to expect from management if they want the stock price to converge with the value of Lucid.
SINGAPORE/SHANGHAI (Reuters) -China Evergrande has left global investors guessing over whether it will make a key interest payment, adding to fears that Beijing will let overseas bondholders swallow large losses as a liquidity crisis deepens at the world’s most indebted property company. Evergrande owes $305 billion, has run short of cash and investors are worried a collapse could pose systemic risks http://81x713.xyz.www.reuters.com/article/china-evergrande-debt-explainer-idCAKBN2GC09I to China's financial system and reverberate around the world. A Thursday deadline for paying $83.5 million in interest of a dollar bond passed without remark from Evergrande, and bondholders had not been paid nor heard from the company, two people familiar with the situation told Reuters.
- Motley Fool
ARK Invest buys more into a pair of sports betting plays and one of its largest holdings that has come under pressure lately.
- Motley Fool
What happened Shares of InMode (NASDAQ: INMD), a provider of devices that harness radiofrequency energy for cosmetic surgical procedures, are up 20% this week as of the close on Thursday afternoon. Image source: Getty Images.