Tag: investing
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‘Shark Tank’ star Kevin O’Leary slams Bitcoin as niche and poorly regulated: ‘a giant nothingburger’
"Shark Tank"/ABC “Shark Tank” investor Kevin O’Leary criticized Bitcoin as niche, illiquid, and poorly regulated.”Bitcoin is still a nothingburger, a giant nothingburger,” he said on his YouTube channel.O’Leary emphasized the potential for a global digital currency approved by regulators.Visit Business Insider’s homepage for more stories. “Shark Tank” star Kevin O’Leary dismissed Bitcoin as too niche,…
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‘Shark Tank’ star Kevin O’Leary discussed the value of investing, shorting Yahoo, and post-pandemic retail in a recent interview. Here are the 16 best quotes.
Mike Blake/Reuters The”Shark Tank” celebrity Kevin O’Leary highlighted the worth of investment, talked regarding shorting Yahoo, and predicted the pandemic would change retail eternally to the”Industry Focus” podcast.O’Leary also discussed the risks of venture investing, the dearth of financial literacy in the US, and how Warren Buffett’s business partner Charlie Munger had shaped his investing…
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Peloton is one of six companies set to be added to soaring Nasdaq 100 index in annual shake up
Scott Heins/Getty Images A 312% year-to-date rally in Peloton has helped the connected fitness equipment maker join the ranks of its large-cap tech peers: inclusion in the Nasdaq 100 index.In its annual year-end shake up, Nasdaq announced it would boot six companies from the index, replacing them with Peloton and 5 others.Peloton is one of…
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Recent IPO frenzy is ‘unsustainable’ and could end in ‘many accidents,’ CEO of world’s largest asset manager says
FILE PHOTO: Larry Fink, Chief Executive Officer of BlackRock, stands at the Bloomberg Global Business forum in New York Reuters The recent frenzy for IPOs is “unsustainable” and could end in “many accidents,” BlackRock’s CEO Larry Fink said at a fintech conference, according to Bloomberg.The comments from Fink come days after the impressive public trading…
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Making sense of the markets this week: December 7
Each week, Cut the Crap Investing founder Dale Roberts stocks fiscal headlines and provides context for Canadian traders. Canadians with smaller portfolios will be the target for deferred service charge (DSC) mutual funds There was some great news and bad news in this post on Advisor’s Edge. The great news is that those horrible deferred…
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Big List of Free Stocks For New Commission-Free Brokerage Apps
I have the strange hobby of trying out new fintech apps while also collecting their sign-up incentives. Here are several different brokerage apps that offer some variation of free stock trades, modern user interface, real-time quotes, and social sharing. Many are structured like a free lottery ticket with a minimum payout – the odds are…
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Billionaire investor Leon Cooperman praised tech stocks, criticized Trump, and disclosed his first gold bet in a new interview. Here are the best 12 quotes.
Jeff Zelevansky/Reuters Leon Cooperman sounded the alarm on the ballooning national deficit and downplayed the medium-term prospects for US stocks in a RealVision interview released this week.The billionaire manager of Omega Advisors also commended”big tech” stocks, also called out Tesla CEO Elon Musk, criticized both Republicans and Democrats, also disclosed that he recently bought gold for…
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‘We need to appeal to the Gen Z-ers’: A Fidelity fund manager overseeing $230 billion explains how his firm is responding to the Robinhood revolution — and laments selling out of Tesla
Drew Angerer/Getty Images May Danoff, director of the $230 billion Fidelity Contrafund, told Bloomberg that there is a”demographic issue” for mutual funds: Gen Z isn’t so interested in possessing them. “We need to appeal to the Gen Z-ers and the younger generation as well,” Danoff said.Danoff also lamented promoting a huge portion of the fund’s…
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Making sense of the markets this week: September 14
Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors. Tesla snubbed by the S&P 500, and now it’s getting hit on all sides What a difference a week can make. In last week’s column, we discussed how Tesla’s valuation was enough to buy six major global…
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Tesla stock rallies after plunging a record 21% during Tuesday’s tech rout
Elon Musk. Charles Sykes/Invision/AP, File Tesla shares rallied as much as 7% in pre-market trading on Wednesday.Apple, Amazon, and other tech stocks were also in the green, after the Nasdaq tumbled a record 10% in three trading days.Elon Musk’s electric-car company saw its stock price plunge 21% on Tuesday, erasing $82 billion from its market…