funds

The S&P 500 sank 5% in a very bad week for stocks. These 20 lost as much as 24%.

The S&P 500 sank 5% in a very bad week for stocks. These 20 lost as much as 24%.

U.S. stocks sputtered Friday to close out the week in the red. The day’s declines of less than 1% for the broad indexes paled against Tuesday’s, when they sank 4% to 5%. For the week, the Dow Jones Industrial Average DJIA, -0.45% was down 1,329 points (or 4.1%), closing Friday at 30,822. The benchmark S&P …

The S&P 500 sank 5% in a very bad week for stocks. These 20 lost as much as 24%. Read More »

20 value stocks whose growth potential is overlooked by investors

20 value stocks whose growth potential is overlooked by investors

After a years-long bull market in growth stocks, the beleaguered value strategy has outperformed this year, as rising interest rates apply pressure on equities. Below is a screen of large-cap value stocks that have growth characteristics. This may serve as a starting point for your own stock-selection research in a difficult market environment. First, let’s …

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Texas accuses 10 financial companies, including BlackRock, of 'boycotting' energy companies and orders state pension funds to divest from holdings

Texas accuses 10 financial companies, including BlackRock, of ‘boycotting’ energy companies and orders state pension funds to divest from holdings

Participant seen holding a sign outside BlackRock headquarters in Manhattan, where their annual shareholders meeting took place, May 25, 2022. Erik Mcgregor | Lightrocket | Getty Images Texas comptroller Glenn Hegar on Wednesday accused ten financial companies, including investing titan BlackRock, and 350 investment funds of taking steps to “boycott energy companies.” The move could …

Texas accuses 10 financial companies, including BlackRock, of ‘boycotting’ energy companies and orders state pension funds to divest from holdings Read More »

Coffee Talk developer delays next game, alleges publisher PQube misused funds

Coffee Talk developer delays next game, alleges publisher PQube misused funds

Toge Productions, the Indonesian indie developer behind Coffee Talk, has today issued a damning statement announcing a delay to its next project due to issues with publisher PQube. The lengthy public announcement, made this morning via Twitter, accuses PQube of misusing money gained from a diversity fund. Toge Productions claims it should have …

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Here are 5 reasons that the bull run in stocks may be about to morph back into a bear market

Here are 5 reasons that the bull run in stocks may be about to morph back into a bear market

Some market gurus are starting to worry that the summer rally on Wall Street may be starting to fizzle, after stocks lurched from oversold to overbought. Gene Goldman, chief investment officer of Cetera Financial Group, explained that stocks are likely headed for a pullback, even though the economy is in better shape than many Americans …

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I’m 65 and want to retire in 6 months. I have a $125K annuity, plus $100K of money that I’m not sure what to do with. Should I get professional help?

I’m 65 and want to retire in 6 months. I have a $125K annuity, plus $100K of money that I’m not sure what to do with. Should I get professional help?

Is a financial planner right for you? Getty Images/iStockphoto Question: I had $225,000 in my 401(k) and then I rolled over $125,000 to an annuity at 7%, as I wanted income. I just turned 65 and want to retire in six months, but I don’t know what to do with the other $100,000. What should …

I’m 65 and want to retire in 6 months. I have a $125K annuity, plus $100K of money that I’m not sure what to do with. Should I get professional help? Read More »

Crypto brokerage Voyager Digital files for Chapter 11 bankruptcy protection

Voyager customer lost $1 million saved over 24 years and is one of many now desperate to recoup funds

Voyager said it has roughly $1.3 billion of crypto on its platform and holds over $350 million in cash on behalf of customers at New York’s Metropolitan Commercial Bank. Justin Sullivan | Getty Images During a five-hour Chapter 11 bankruptcy hearing earlier this month for crypto firm Voyager Digital, a customer named Magnolia was the …

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The red flag that preceded a halving of global equities in 2000 and 2007 is back, warns Citi

The red flag that preceded a halving of global equities in 2000 and 2007 is back, warns Citi

We are a day away from data that could prove a turning point for markets. If Wednesday’s CPI doesn’t reveal some slowing in prices, expectations will rise for a bigger Fed rate hike in September, possibly knocking stocks. But if it swings the other way, especially after surprisingly good jobs data, the view that things …

The red flag that preceded a halving of global equities in 2000 and 2007 is back, warns Citi Read More »

SoftBank Lost $39 Billion in 6 Months, Wiping Out the Bubble Gains of the Vision Funds Since 2017: Easy Come, Easy Go

SoftBank Lost $39 Billion in 6 Months, Wiping Out the Bubble Gains of the Vision Funds Since 2017: Easy Come, Easy Go

Now trying to avoid “a blow that would be irreversible.” By Wolf Richter for WOLF STREET. SoftBank reported its biggest loss in history, as it said in its presentation today, of ¥3.16 trillion, or about $23.5 billion, for the quarter through June (its fiscal Q1), mostly due to mega-losses in its Vision Fund segment, and some due to …

SoftBank Lost $39 Billion in 6 Months, Wiping Out the Bubble Gains of the Vision Funds Since 2017: Easy Come, Easy Go Read More »

Buy PayPal Stock. The Battered Payments Company Is Starting to Perk Up.

Buy PayPal Stock. The Battered Payments Company Is Starting to Perk Up.

Anyone who bought PayPal Holdings stock last summer may be ruing the day. Despite popping a bit this past week, the shares, at $97, are still off 68% from their highs around $308. Memories of the stock’s skid in February, when it fell 35% over two days, may still be uncomfortably fresh in investors’ minds. …

Buy PayPal Stock. The Battered Payments Company Is Starting to Perk Up. Read More »