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"It's a big setback," one analyst said, noting that other countries unhappy with the president's trade deals are probably watching closely.
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U.S. to unveil 'greatest financial offensive' against Iran as Tehran threatens ship seizures CNBCLive updates: US set to unveil ‘economic D-Day' sanctions on Iran CNNIran official says support for new sanctions would be an 'act of war,' and other Middle East news AP NewsWorld in Brief: America due to unveil sanctions on Iran's trade partners; Zelensky says elections would "destroy" Ukraine The Economist
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UAW Workers Reject Deere's Contract Extension Offer, Setting Up 2027 Battle WSJDeere seeks early contract extension as UAW members vote Sunday KWQCUnited Auto Workers vote down contract extension with John Deere KCCIUAW John Deere workers vote against contract extension proposal KWWL
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Trump administration latest: IndyCars race through the capital for Freedom 250 event CNNFreedom 250 Grand Prix: IndyCar street race debuts on National Mall in Washington DC FOX 5 DCWhat to know about Freedom 250 and America250 on DC race day USA TodayIndyCar drivers to zoom through D.C. streets, with Trump set to take lap in limo The Washington Post
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About 145 million American adults say that they own or have owned cryptocurrency. Statistically, that's more than half of your co-workers, neighbors and friends.
It's also about the number of Americans who own stocks.
Even though it's not regulated by a government agency, cryptocurrency is becoming mainstream. However, President Biden recently signed an executive order to address cryptocurrency risks with a whole-of-government approach that could make cryptocurrency even more attractive to investors as well as traditional banks and credit unions.
SEE MORE Crypto Has Been Through the Wringer in 2022: What Now?
For the near term though, cryptocurrency remains a volatile, speculative asset that will likely continue its gut-wrenching booms and busts. That's not to say that cryptocurrency doesn't belong in a well-diversified portfolio, but I recommend that my clients first educate themselves about cryptocurrency before deciding whether or not to invest.
As Warren Buffet said about investing in cryptocurrency: "I get into enough trouble with the things I think I know something about. Why in the world should I take a long or short position in something I don't know about?"
Here are some important concepts to get comfortable with.
How Cryptocurrency Works: The Basics
Say you order a new set of patio furniture online. A credit card company or p
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