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The Dow Jones Industrial Average surged more than 1,200 points Friday, leading a broader stock-market rebound.
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Fear of AI Replacing Software Makers Hits Stocks. Here's What to Know. The New York TimesDon't label it a SaaSpocalypse just yet AxiosAllegra Stratton: Starmer Should Focus on Anthropic Bloomberg.comAI fears pummel software stocks: Is it 'illogical' panic or a SaaS apocalypse? CNBC
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The Dow Jones industrial average surpassed 50,000 points for the first time, as old line stocks come back into vogue.
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Hims & Hers also said it's selling a cancer-detection test that's featured in its Super Bowl ad, which plays like a commentary on the wealthy's access to better healthcare.
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Dow surges 1,200 points for first close above 50,000 in sharp rebound from tech rout: Live updates CNBCStocks hit historic milestone as Dow crosses 50,000 points for first time ever cnn.comStock market today: Dow, S&P 500, Nasdaq rise after tech rout as Wall Street rethinks AI risks Yahoo FinanceCommentary: The Dow just broke 50,000. Here's what that means latimes.com
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Shares of Stellantis are headed for their worst-ever day of trading after the carmaker announced a massive charge to reset its business.
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Stocks also rise in first trading session as US pledges to lower country's tariffs to 18% following oil agreement
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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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