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S&P 500 futures mixed after Trump announces high tariffs on a group of nations: Live updates CNBCStocks drop after Trump announces tariffs on countries including Japan and South Korea CNNInvestors eye Trump trade deals, tariffs, Amazon Prime day hit by rivals: Live Updates Fox Business
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Financial markets are on edge about higher import taxes, but White House officials say they anticipate "a lot of deals very quickly."
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Shares of Rocket Lab Corp. ended Monday's session up 9% amid the ongoing clash between President Donald Trump and SpaceX Chief Executive Elon Musk.
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After his break with the Trump White House, Musk says he's starting the America Party.
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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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