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MarketWatch MarketPulseDec 06, 2022
Dow down over 400 points in last hour of trade as stocks tumble for second straight day
Major U.S. stock indexes fell sharply Tuesday afternoon, continuing a sharp rout on Wall Street for the week. The Dow Jones Industrial Average was off about 430 points, or 1.3%, at 33,516, after touching a session low of 33,418.59, according to FactSet. The S&P 500 index was down 1.7% and the Nasdaq Composite Index was 2.1% lower. At the session lows, both the S&P 500 and Dow were headed for their worst 2-day decline in about two months, according to Dow Jones Market Data. Investors have grown jittery about a roaring labor market that could thwart the Federal Reserve's attempt to start raising its policy rate in smaller increments. Inflation has proven hard to ease after it hit a 40-year high earlier this year, even through the Fed's policy rate already in November climbed to its highest level in 15 years.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



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Daily Deals: PS5 In Stock, Save on Nintendo Switch, Xbox Series S for the Holidays - IGN (Google Business News)

CNBC FinanceDec 06, 2022
Stocks making the biggest moves midday: Textron, Charter, Estee Lauder, Signet and more
These are the stocks posting the largest moves in midday trading.

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3 Stocks to Buy Before 2023 That Can Set You Up for Life (The Motley Fool)

Google Business NewsDec 06, 2022
Georgia Senate runoff updates: 2M already voted; polls close 7 pm ET - USA TODAY
Georgia Senate runoff updates: 2M already voted; polls close 7 pm ET  USA TODAYHerschel Walker says he has 'no regrets,' also predicts UGA-Ohio State score | Georgia Senate Runoff  11AlivePHOTOS: Live from the runoff at Park Tavern in Midtown Atlanta   The Atlanta Journal ConstitutionHow Georgia's runoff election law could trip up Herschel Walker  MSNBCOpinion | Everything Democrats Could Do if Warnock Wins  The New York Times

Washington Post BusinessDec 06, 2022
How China Looks to Be Easing Its Covid Zero Strategy
President Xi Jinping's insistence on adhering to a so-called Covid Zero policy isolated China as other countries that suffered far-worse outbreaks returned to a semblance of pre-pandemic life. But three years after the first documented case, the country has given a series of signals that suggest it's ready to loosen the stringent regime, which has undoubtedly saved lives but also weighed heavily on the economy and fueled protests in several major cities. While the central leadership has remained

Google Business NewsDec 06, 2022
US Capitol riot committee to make criminal referrals, chairman says - BBC
US Capitol riot committee to make criminal referrals, chairman says  BBCHouse January 6 committee has decided to make criminal referrals, chairman says  CNNHouse Jan. 6 Committee to Issue Criminal Referrals, Chairman Says  The New York TimesThompson Says Jan. 6 Committee Has Made Decision On Criminal Referrals  MSNBCHouse January 6 panel to issue criminal referrals to DoJ as tensions heighten  The Guardian US

NPR Topics: BusinessDec 06, 2022
Hertz will pay $168 million to customers it falsely accused of stealing its cars
Faulty recordkeeping and failure to rescind police reports led to more than 360 false accusations by the rental car company, resulting in arrests, felony charges and jail time for some customers.

Google Business NewsDec 06, 2022
House January 6 committee has decided to make criminal referrals, chairman says - CNN
House January 6 committee has decided to make criminal referrals, chairman says  CNNThompson Says Jan. 6 Committee Has Made Decision On Criminal Referrals  MSNBCHouse Jan. 6 Committee to Issue Criminal Referrals, Chairman Says  The New York TimesJan. 6 committee chair expects panel to issue criminal referrals to DOJ  NBC NewsJanuary 6 committee nears criminal referrals to Department of Justice  Axios

Yahoo BusinessDec 06, 2022
Here are the last-minute tax moves you should make before year-end


Yahoo BusinessDec 06, 2022
Intel begins layoffs and offers unpaid leave to manufacturing workers


CNBC BusinessDec 06, 2022
Trump Organization convicted in New York criminal tax fraud case
The convictions come weeks after former President Donald Trump, declared his candidacy for the White House in the 2024 election.

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Trump Organization found guilty on all counts of criminal tax fraud - CNN (Google Business News)

MarketWatchDec 06, 2022
: Intel begins layoffs and offers unpaid leave to manufacturing workers
The layoffs and cost-cutting that Intel Corp. executives recently warned about have begun in California, with a couple of hundred employees set to lose their jobs next month, and manufacturing employees worldwide being offered unpaid leave.

Yahoo BusinessDec 06, 2022
Cryptocurrency investor losses are being turned into IRS gains — here's how they're doing it


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These Student Loan Forgiveness Programs Are Not Blocked — Here's How To Apply (Forbes Headlines)
Why Tesla Stock's Ceiling Is Now $200. Where the Floor Might Be. (Yahoo Business)

Google Business NewsDec 06, 2022
World Cup 2022 stats: Cristiano Ronaldo replacement Goncalo Ramos bags tournament's 1st hat trick for Portugal - CBS Sports
World Cup 2022 stats: Cristiano Ronaldo replacement Goncalo Ramos bags tournament's 1st hat trick for Portugal  CBS SportsRonaldo not named to start in Portugal's loss to Switzerland  ESPNPortugal vs. Switzerland Live World Cup Match: Score and Updates  The New York Times

MarketWatchDec 06, 2022
Market Snapshot: Dow falls over 450 points, Nasdaq tumbles 2.4%, extending Monday's losses as recession fears mount
U.S. stocks losses deepen in Tuesday afternoon trading following a rough start to the week.

MarketWatchDec 06, 2022
Futures Movers: U.S. oil futures end at lowest price of the year as worries about more Fed hikes rattle market
Oil tallies a third consecutive loss on Tuesday, as worries about more aggressive monetary tightening by the Federal Reserve rippled across markets.

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: U.S. oil futures settle at lowest price of the year (MarketWatch MarketPulse)

MarketWatchDec 06, 2022
The Margin: Eating 400 calories a day from these foods could raise your dementia risk by over 20%
More than half of the calories consumed by Americans come from this high-risk food group, which is associated with cognitive decline, cancer and heart disease

Google Business NewsDec 06, 2022
Ronaldo benched for World Cup match against Switzerland - The Associated Press - en Español
Ronaldo benched for World Cup match against Switzerland  The Associated Press - en EspañolWorld Cup 2022: Portugal benches Ronaldo for Switzerland match  Yahoo SportsRonaldo blasted by Portugal coach for substitution reaction  ESPNPortugal vs. Switzerland Live World Cup Match: Score and Updates  The New York Times

Google Business NewsDec 06, 2022
Eating 400 calories a day from these foods could raise dementia risk by over 20% - MarketWatch
Eating 400 calories a day from these foods could raise dementia risk by over 20%  MarketWatchUltra-processed foods linked to cognitive decline, dementia: study  New York Post Ultraprocessed Foods Tied to Faster Rate of Cognitive Decline  MedscapeEating Lots of 'Ultra-Processed' Foods Could Harm Your Brain  U.S. News & World Report

MarketWatch MarketPulseDec 06, 2022
: EIA lowers 2022, 2023 U.S. and global oil-price forecasts
The U.S. Energy Information Administration lowered its 2022 and 2023 forecasts for U.S. and global benchmark oil prices, according to a monthly report released Tuesday. The EIA said this year's Brent crude is expected to average $101.48, down 0.6% from the November forecast. West Texas Intermediate crude prices are expected to average $95.22 a barrel this year, down 0.7% from the previous forecast. The EIA also cut its WTI and Brent oil forecasts for 2023 by more than 3% each to $86.36 for WTI and $92.36 for Brent. In Tuesday dealings, oil prices continued to trade sharply lower. January WTI crude CLF23 was down $2.28, or 3%, to $74.65 a barrel on the New York Mercantile Exchange. February Brent crude BRNG23 fell $2.57, or 3.1%, to $80.11 a barrel on ICE Futures Europe.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Yahoo BusinessDec 06, 2022
Dow Jones Falls After Stock Market Sell-Off; JPMorgan Jumps On Double Upgrade; Tesla Extends Losses


Yahoo BusinessDec 06, 2022
Jamie Dimon Sounds Alarm About a Recession Again. This Metric Confirms His Fears.


NYTimes BusinessDec 06, 2022
Morgan Stanley Cuts 2% of Global Work Force as Deal-Making Slows
The Wall Street firm had paused layoffs during the pandemic, as deal activity spiked industrywide. The layoffs will affect workers across all divisions.

MarketWatchDec 06, 2022
Bond Report: 30-year Treasury yield hits lowest since September amid fears that Fed hikes will trigger U.S. slowdown
Treasury yields fall on Tuesday as the likelihood of further rate hikes by the Federal Reserve collides with fears of a U.S. slowdown.

MarketWatchDec 06, 2022
Key Words: Goldman Sachs CEO says recession is likely, with 35% chance of a soft landing
At the Wall Street Journal's CEO Council Summit, David Solomon said he sees some job cuts ahead for the bank, along with inflation and geopolitical risk in 2023.

Forbes HeadlinesDec 06, 2022
Covid-19 Treatments Like Paxlovid Are Being Underused
A recent CDC report notes that people over the age of 80 are less likely to receive Paxlovid than those under 65. A significant issue when those over 65 and especially those over 80 are making up a significant proportion of Covid-19 related deaths.

CNBC FinanceDec 06, 2022
Morgan Stanley cut about 2% of global staff on Tuesday, sources say
Morgan Stanley is following rival Goldman Sachs in reinstating a Wall Street ritual that had been put on hold during the pandemic: the annual cull.

MarketWatchDec 06, 2022
: EU ruling could ‘kneecap' Meta's digital ad revenue: report
EU privacy officials ruled Facebook's parent company should not require users to agree to personalized ads based on their online activity, according to a report in the Wall Street Journal.

Google Business NewsDec 06, 2022
North Carolina power outage points to Homeland Security long-documented threats to US power grid - Fox Business
North Carolina power outage points to Homeland Security long-documented threats to US power grid  Fox BusinessNorth Carolina county declares state of emergency after "deliberate" attack causes widespread power outage  CBS NewsBig questions remain in wake of North Carolina power grid attack  CNNAttack on North Carolina substation spotlights electric grid's vulnerability — again

Google Business NewsDec 06, 2022
Here's what America's top CEOs are saying about a possible recession in 2023 - CNBC
Here's what America's top CEOs are saying about a possible recession in 2023  CNBCCEOs are very cautious but hopeful of a soft landing, says Business Roundtable's Josh Bolten  CNBC TelevisionCEO economic outlook tumbles to two-year low  CNNThe Fed may wreck one of the greatest booms in history of Main Street America  CNBCBusinesses and emplo

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Recession: Walmart, JPMorgan, GM CEOs talk about possible slowdown - CNBC (Google Business News)

The Motley FoolDec 06, 2022
Why Amazon, Alphabet, and Shopify Stocks All Tumbled Tuesday
It's the economy.

MarketWatchDec 06, 2022
Help My Career: People are ‘long social distancing' due to COVID-19. Economists say that's contributing to a drop in labor-force participation.
Labor-force participation fell for the third month in a row in November, as13% of U.S. workers say they will continue social distancing, and another 45% say they will do so in limited ways.

AdWeek NewsDec 06, 2022
Meta Oversight Board Issues Highly Critical Review of Cross-Check Program
All Facebook and Instagram users are created equally, but some are more equal than others. The Meta Oversight Board issued its recommendations Tuesday on the company's controversial cross-check program, and Meta vice president of global affairs Nick Clegg said in an updated Newsroom post that a response would come within 90 days. The Meta Oversight...

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Oversight board criticizes Meta for preferential treatment of celebrities, politicians and business partners (Chicago Tribune Business News)

USA Today MoneyDec 06, 2022
HBO Max is now available (again) on Amazon Prime Video Channels after yearlong dispute
HBO Max is once again available on Prime Video Channels in the U.S., but Prime customers will still need to pay $14.99 per month for the subscription.      

Google Market NewsDec 06, 2022
Dow Jones Falls 150 Points After Stock Market Sell-Off; Tesla Stock Continues To Skid - Investor's Business Daily
Dow Jones Falls 150 Points After Stock Market Sell-Off; Tesla Stock Continues To Skid  Investor's Business DailyStock market news live updates: Stocks fall after Monday's market rout  Yahoo FinanceStocks slide as data spooks investors about rate hikes  ReutersStocks slide as strong data suggests Fed has more to do  WISH TV Indianapolis, INS&P 500 Down 2%; Nasdaq Drops 250 Points - China Pharma Holding (AMEX:CPHI), EHang Holdings (NASDAQ:EH)  Benzinga

Wall Street Journal US BusinessDec 06, 2022
HBO Max Comes Back to Amazon's Platform After Yearlong Absence
The streaming service will be available on Amazon Prime Video Channels as its parent looks to increase revenue.

Washington Post BusinessDec 06, 2022
How ‘Chip War' Puts Nations In Technology Arms Race
The incredibly complex, high-stakes business of making semiconductors has always been a battle of corporate giants. Now it's also a race among governments. These critical bits of technology — also known as integrated circuits or, more commonly, just chips — may be the tiniest yet most exacting products ever manufactured. And because they're so difficult and costly to produce, there's a worldwide reliance on just a handful of companies, a dependence that was brought into stark relief by shortages

CNBC FinanceDec 06, 2022
'We don't lay off people': This is how Bank of America's CEO plans to reduce employee levels
Bank of America CEO Brian Moynihan said Tuesday that he would reduce employee levels by allowing positions to go unfilled as employees voluntarily depart.

Dismal.com: AnalysisDec 06, 2022
Economic Roundup: U.S. Trade Deficit Widens
The strong dollar will weigh down on export demand.

MarketWatchDec 06, 2022
Washington Watch: Here are the politicians who received money from FTX's Sam Bankman-Fried
FEC filings show the vast majority of his donations went to Democrats, but the FTX founder claims he made "dark-money" contributions to Republicans.

Dismal.com: AnalysisDec 06, 2022
The World Cup and U.S. Trade Deficit
The prestigious event doesn't boost the U.S. trade deficit as much as the Olympics.

MarketWatchDec 06, 2022
Cannabis Watch: Sunburn Cannabis CEO bullish on SAFE Banking passage
Brady Cobb sees 75% chance that the SAFE Banking measure to open up the financial system to legal cannabis companies will pass amid growing support in Congress.

FT.com - Financial MarketsDec 06, 2022
Oil prices: bulls may get a last hurrah
Renewables are growing rapidly but crude has room to spike higher on its way out

Forbes HeadlinesDec 06, 2022
Why More Than 26,000 People Were Laid Off In The Crypto Sector This Year
Executives of cryptocurrency exchanges are bracing for a long, cold crypto winter characterized by layoffs. The reasons for concern include the cratering of crypto prices, the FTX debacle, an implosion of crypto platforms and higher interest rates.

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Customers Of Crypto Billionaires Winklevoss' Gemini Plead For Lost Funds (Forbes Headlines)

Google Business NewsDec 06, 2022
After lunar flyby, NASA's Orion spacecraft is set to splash down on Sunday - Ars Technica
After lunar flyby, NASA's Orion spacecraft is set to splash down on Sunday  Ars TechnicaNASA's historic Artemis I mission is coming to a close  CNNArtemis 1 Orion spacecraft aced its test flight but still hasn't tested life support  Space.comAfter the Artemis I mission's brilliant success, why is an encore 2 years away?  Ars TechnicaAmazing image of crescent Earth rising over the moon captur

NPR Topics: BusinessDec 06, 2022
A congressional report says financial technology companies fueled rampant PPP fraud
Fraud in the Paycheck Protection Program, which gave potentially forgivable loans to small businesses during the pandemic, was largely due to financial technology companies, according to a new report.

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European machinery companies: Opportunities in recovery from crisis (McKinsey Quarterly)

Google Business NewsDec 06, 2022
Family of Jan. 6 officer declines GOP leaders' handshakes at ceremony - The Washington Post
Family of Jan. 6 officer declines GOP leaders' handshakes at ceremony  The Washington PostMcCarthy, McConnell snubbed by Capitol police and their families at medal ceremony  Yahoo NewsFamily of fallen officer snubs McCarthy and McConnell as Congress honors law enforcement who defended the Capitol on Jan. 6  CNNFanone Claims Officers Heckled Him During Jan. 6 Medal Ceremony  MSNBCJan. 6 Congressional Gold Medal recipients snub GOP officials: 'It's self-explanatory'  Yahoo Ne

Google Business NewsDec 06, 2022
Special counsel subpoenas Trump-related documents from state and local election officials - POLITICO
Special counsel subpoenas Trump-related documents from state and local election officials  POLITICOWaPo: Special Counsel Subpoenas Local Officials In Trump Investigation  MSNBCSpecial counsel Jack Smith subpoenas Arizona, Michigan, Wisconsin officials for Trump communications in Jan. 6 probe  The Washington PostSpecial counsel subpoenas election officials in 3 states in Trump probe  Yahoo NewsAP Top News at 4:00 p.m. EST  The Philadelphia InquirerView Full Coverage on Google News

Google Business NewsDec 06, 2022
Special counsel Jack Smith subpoenas Arizona, Michigan, Wisconsin officials for Trump communications in Jan. 6 probe - The Washington Post
Special counsel Jack Smith subpoenas Arizona, Michigan, Wisconsin officials for Trump communications in Jan. 6 probe  The Washington PostU.S. special counsel subpoenas officials in three states in Trump probe - Washington Post  Yahoo NewsDOJ subpoenas state election officials for Trump documents  The Associated Press - en EspañolAP Top News at 2:25 p.m. EST  The Philadelphia InquirerJustice Dept. subpoenas election officials in key states for Trump comms  AxiosView Full Coverage on Google News

AdWeek NewsDec 06, 2022
BuzzFeed Inc. Lays Off 12% of Staff, Citing Advertising Slowdown
The news and culture publisher BuzzFeed Inc., which houses the editorial titles BuzzFeed News, Complex and HuffPost, announced Tuesday that it is laying off around 12% of its workforce, or roughly 180 employees, according to a memo from chief executive Jonah Peretti obtained by Adweek. The layoffs, which primarily affect Complex Networks, BuzzFeed.com and overlapping...

MarketWatchDec 06, 2022
Where Should I Retire?: I live in the South and don't want to retire here. I'm seeking four seasons, diversity and outdoor living. Where should I retire?
College towns often offer diversity and encourage entrepreneurs.

Forbes HeadlinesDec 06, 2022
Younger Americans Are Turning To Social Media For Holiday Shopping
Even those who aren't actually completing a purchase on social media are still turning to the platforms for gift ideas.

Entrepreneur.comDec 06, 2022
How Telematics Will Improve the Efficiency of Transportation and Logistics in the Coming Years
Telematics is here to stay. Here's how it will continue to benefit the logistics industry in the future.

Forbes Social Media NewsDec 06, 2022
Meta's Oversight Board Denounces Special Treatment Of VIPs On Facebook And Instagram
Cross Check, Meta's scheme that shields VIP users like celebrities and politicians from the normal content moderation process, is guided more by "business concerns" than efforts to keep the public safe, the board said.

The Motley FoolDec 06, 2022
My 3 Top-Performing Stocks of 2022, and Why I'm Still Buying 2 of Them for 2023
It's been an ugly year for many stocks, but not all of them.

Forbes HeadlinesDec 06, 2022
Oil Tanker Day Rates To Be Supported By The EU's Ban On Russian Crude
According to one shipping analyst at Jefferies, day rates to ship crude oil could potentially climb to between $150,000 and $200,000 a day.

MarketWatch MarketPulseDec 06, 2022
X-Energy Reactor Company to go public through $2 billion merger with Ares Acquisition
X-Energy Reactor Company is merging with special purpose acquisition company Ares Acquisition Corp. in a $2 billion deal that will see the developer of small nuclear reactors go public. When the transaction closes, the combined company will be named X-Energy, Inc., and will be listed on the New York Stock Exchange. "The combination will establish X-energy as a publicly-traded, developer of a more advanced small modular reactor ("SMR") and proprietary fuel that supports the transition to clean, affordable energy through enhanced safety, lower cost, scalability and broader industrial applications," Ares Acquisition said, in a statement. "X-energy's entry into the public markets is expected to accelerate its growth strategy through additional investment opportunities and financial flexibility as well as differentiated sponsorship by Ares Management Corporation," it added. Investing and consulting company Ares Management Corp. launched Ares Acquisition in 2021 with the goal of entering into a combination with one or more businesses. The SPAC merger has a pre-money equity value of more than $2 billion, according to the companies. Ares Acquisition's stock rose 0.1% before market open Tuesday, while Ares Management was down 1.3%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



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NRG Energy buying Vivint Smart Home in $5.2 billion deal (MarketWatch MarketPulse)

Inc.comDec 06, 2022
How This Activist Media Company Is Focusing It's Content Curation on Instagram For a Gen-Z Audience
For Instagram-first content curator Impact, social justice is more than a subject area. It raises money for the very causes it covers.

Google Business NewsDec 06, 2022
Oil prices climb after Russian crude sanctions kick in - Reuters
Oil prices climb after Russian crude sanctions kick in  ReutersHow a Cap on Russian Oil Prices Could Affect U.S. Consumers | WSJ  Wall Street JournalWhat the oil price cap & embargo mean for Russia and the world | DW Business  DW NewsRussian Oil Price Cap Will Please the US, and No One Else  BloombergImpress upon the West the futility of its oil cap | Mint  MintView Full Coverage on Google News

FT.com - Financial MarketsDec 05, 2022
FirstFT: Renminbi hits 12-week high in China rally
In today's newsletter we cover further signs that Beijing is easing its harsh zero-Covid restrictions

MarketWatchDec 05, 2022
The Wall Street Journal: PepsiCo to lay off hundreds of workers in its snacks and beverages divisions
PepsiCo Inc. is laying off workers at the headquarters of its North American snacks and beverages divisions, a signal that corporate belt-tightening is extending beyond tech and media, according to people familiar with the matter and documents reviewed by The Wall Street Journal.

Entrepreneur.comDec 05, 2022
Why Now Is the Time for Technology Companies to Explore M&A Opportunities
In times of uncertainty, companies are often more likely to engage in mergers and acquisitions (M&A) to gain market share or merge their position.

FT.com - Financial MarketsDec 05, 2022
Live news: UK grocery price inflation eases for first time in 21 months
Lawyers are grappling with fallout from the collapse of FTX and its domino effects in the cryptocurrency sector

MarketWatchDec 05, 2022
Help My Career: ‘Gaslighters have two signature moves': Are you being gaslighted at work? Here's how to recognize the signs.
People who lie, steal, and disrespect you at work have the trappings of a gaslighter. But the real deal has a whole lot more.

MarketWatchDec 05, 2022
Personal Finance Daily: People still afraid of catching COVID-19 are costing the U.S. economy billions of dollars and my stepfather has dementia, and his sister is badgering him for money. How can I protect him?
Monday's top personal finance stories.

MarketWatch Breaking NewsDec 05, 2022
Are you being gaslighted at work? Watch out for these 2 signature approaches.
Are you being gaslighted at work? Watch out for these 2 signature approaches.

Forbes Social Media NewsDec 05, 2022
Amazon Devices Chief David Limp: The C-Suite Interview
The man behind Alexa and smart devices says "it's going to take us decades to solve it all but the world is going to be a very different place in a decade or two."

FT.com - Financial MarketsDec 05, 2022
Live news: Turkish inflation cools for first time in 18 months
Renminbi hits 12-week high as Morgan Stanley upgrades country's equities to overweight

MarketWatch Breaking NewsNov 30, 2022
Dow 'exits' bear-market territory. Here's why investors should remain cautious
Dow 'exits' bear-market territory. Here's why investors should remain cautious

CNBC FinanceNov 22, 2022
Collapsed crypto exchange FTX has about $1.24 billion of cash in total — but still owes at least $3.1 billion
Alvarez & Marsal, which is advising FTX, said teams identified "substantially higher cash balances" than were initially known.

KiplingerSep 14, 2022
Should I Invest in Bitcoin or Other Cryptocurrency?
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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