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Dow surges 500 points in broad rally as oil prices slide: Live updates CNBCStock Market Today: Dow Jumps 500 Points; Oil Prices Slide; U.S.-Japan Prop Up Yen — Live Updates WSJStocks Join Bonds Higher as US-Iran Hopes Sink Oil: Markets Wrap Bloomberg.comWall St starts the month strong as Mideast deal hopes rise Reuters
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The U.S. Treasury joined efforts in Tokyo to stem the yen's slide against the dollar, highlighting the broader risks posed by turmoil in Japanese markets.
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Senate GOP rushes to pass budget bill, avoid shutdown ahead of midterms The Washington PostSenate Republicans join in rebuking White House over science funding The Washington PostSenate pushes ahead with plan to fund the government through midterm elections CBS NewsSenate appropriators reach funding deal to avoid shutdown The Hill
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Flagging AI slop is a good idea in principle, but skeptics have concerns.
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Amazon is the latest Big Tech company to report abnormally large earnings growth, thanks to paper gains on Anthropic investments.
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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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