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Big Tech stocks are being pummeled by fears of AI overspending, but some are more at risk than others
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Some folks on Wall Street think yesterday's U.S. jobs number is ‘implausible' and thus due for a downward correction FortuneStock market today: Dow, S&P 500, Nasdaq sink as tech stocks get pummeled Yahoo FinanceThis Is the Trump Economy: Job Growth Crushes Expectations as More Americans Work for Higher Wages The White House (.gov)A stronger-than-expected jobs report could signal a labor market turnaround - with caveats CNN
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Stock Market Today: Dow, S&P 500 Rise, With Earnings, AI in Focus — Live Updates The Wall Street JournalStock Market Today: Dow tumbles 600 points to below 50,000, Nasdaq and S&P 500 skid on AI jitters and weak home sales; Treasury yields drop; gold and silver fall MarketWatchU.S. stocks mixed, as gains in the Dow are offset by a slide in Cisco Investing.comDow drops below 50,000 as S&P 500 falls back under year's opening level Proactive financial news
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Long-term Treasurys had their best day in months on Thursday, as investors looked for safety in the bond market amid a broad selloff in U.S. equities.
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U.S. stocks fell sharply Thursday as the market punished companies seen as potential losers from artificial-intelligence technology.
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Gold and silver also drop while US Treasuries rally
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Coal stocks finished with gains Wednesday, helped by news that President Donald Trump was signing an executive order after the market's close that could help the industry.
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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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