China says it has too many EV makers and favors mergers, while U.S. lawmakers eye higher subsidies for union-made, U.S.-made EVs
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If you're Cathie Wood, founder, and CEO of ARK Invest, you keep buying more. Shares of life-science equipment manufacturer Berkeley Lights (NASDAQ: BLI) took a hit last week, and two ARK Invest ETFs quickly bought more. Wood also bought two genomics stocks that have tanked this year, Personalis (NASDAQ: PSNL) and Invitae (NYSE: NVTA).
On Monday, this somewhat obscure, overseas risk suddenly shook up financial markets from Asia to Europe and the U.S., where all three major benchmark stock indexes, the S&P 500 (SPX) Dow industrials (DJIA) and Nasdaq Composite (COMP) appeared to be headed for the worst one-day drop in more than two months. On one level, Evergrande—which reportedly faces at least $83.5 million in interest payments due on Thursday, with a 30-day grace period — is raising concerns about a liquidity crisis among all Chinese and Hong Kong property companies, as markets quickly turn off access to dollar funding. In a more macro way, the firm’s woes are bringing to the fore China’s wide-scale regulatory crackdown across most of its businesses, starting with technology giant Alibaba Group Holding Ltd. (HK:9988) which is rattling confidence in the world’s second-largest economy.
Simple physics tells us that what goes up must come down – but sometimes, market forces take what’s gone down and pushes it back up. And that fact helps to outline the basic opportunities investors should look for. In short, what’s needed are stocks that have hit a hard time – but remain fundamentally sound. Prices can rise and fall for a wide range of reasons, and while many times those reasons bode ill for the stock, they don’t always. A bad sales month coinciding with a quarterly report; a se
- FX Empire
BEIJING (Reuters) -Cash-strapped developer China Evergrande Group has begun repaying investors in its wealth management products with real estate, a unit of its main Hengda Real Estate Group Co Ltd unit said.
According to information released by crypto-data aggregator BitInfoCharts, there are a total of 950 Litecoin addresses right now which hold LTC tokens valued at over USD 1,000,000. This means that at least 950 people have reached ‘millionaire’ status, thanks to their Litecoin crypto holdings, not counting those who have LTC spread across multiple different accounts.
The personal finance celeb says borrowers who do this make her "so crazy."
You might have heard this billionaire's name, but who is Mark Cuban and how did he make his money? It's possible you know him as one of the sharks on the hit show "Shark Tank," but Cuban is more than...
U.S. stocks skid Monday afternoon, as investors parse the potential impact of the collapse of a debt-laden property developer in China and traders position ahead of a two-day meeting of Federal Reserve policy makers that begins Tuesday.
The total crypto complex was down over $200 billion on Monday and bitcoin was registering solid losses, imperiling a potential bullish formation in the charts for the world's No. 1 digital asset.
- Motley Fool
If you want to fare well during big pullbacks, it's best to have a plan in place in advance, and understand what's going on both in the market and in your head.
New Street Research analyst Pierre Ferragu says the Street is expecting too many Apple iPhone upgrades.
Bitcoin and other cryptocurrencies were tumbling on Monday as one of China's largest property developers teetered on collapse. Here's how it could spill over into cryptos.
Last week new rounds of stimulus money from parts of the stimulus relief bill were deposited into accounts of eligible families and residents of California. Here's who got what and what to do so you...
- Miami Herald
The American housing market has been red hot. The combination of low borrowing rates, strong demand for more living and work-from-home space as the pandemic wears on, and tight supply have driven up prices.
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Everyone deals with these expenses in retirement, but only some people are wise enough to start planning now.
- Washington Post
The days of full covid coverage are over. Insurers are restoring deductibles and co-pays, leaving patients with big bills.
Jamie Azar left a rehab hospital in Tennessee this week with the help of a walker after spending the entire month of August in the ICU and on a ventilator. She had received a shot of the Johnson & Johnson vaccine in mid-July but tested positive for the coronavirus within 11 days and nearly died. Now Azar, who earns about $36,000 a year as the director of a preschool at a Baptist church in Georgia, is facing thousands of dollars in medical expenses that she can't afford.Subscribe to The Post Most
- Coin Rivet
Recep Erdogan – the firebrand Turkish president – has declared war on Bitcoin.
Snowflake, Airbnb and a two more growth stocks are standing out above the crowd of names getting pummeled lately by nervous investors, says our call of the day.
- Motley Fool
It can be unnerving to watch a stock drop 30% (or more), but it's something you'll likely encounter many times, especially if you invest in growth stocks. With that in mind, Pinterest (NYSE: PINS) and UiPath (NYSE: PATH) are down 39% and 40%, respectively, from their all-time highs. Pinterest blends visual search and social media, enabling users to engage with content like articles, images, and videos.
Shares of Boston Omaha, co-run by Alex Buffett Rozek, are outperforming Berkshire Hathaway stock this year. Boston Omaha just trimmed an investment in Dream Finders Homes last week.