BEIJING, May 24 (Reuters) - Cryptocurrency exchange Huobi said on Monday that it will suspend services for new users in Mainland China.
The platform will be more focused on expanding overseas business, it said in a statement sent to Reuters. (Reporting by Beijing newsroom; Editing by Tom Hogue)
The JPMorgan CEO spelled out what he sees as the worst-case scenario for the U.S. economy, and warned that not everyone would be able to withstand it.
Meta CEO Mark Zuckerberg took the wraps off of his company's new Meta Quest 3 headset and Ray-Ban Meta smart glasses.
(Bloomberg) -- Tesla Inc. Chief Executive Officer Elon Musk blasted the United Auto Workers Tuesday, saying the union’s demands would “drive GM, Ford and Chrysler bankrupt in the fast lane.” Most Read from BloombergChina Puts Evergrande’s Billionaire Founder Under Police ControlDimon Warns 7% Fed Rate Still Possible, Times of India SaysRepublican Moderates Turn to Rare Maneuver to Avoid Lengthy Government ShutdownIndians Have Five Days to Deposit $3 Billion in Soon-to-Be-Withdrawn BanknotesTrump
Those who live in areas prone to hurricanes, wildfires, snowstorms and power outages might need to hold on to more cash than others.
Warren Buffett isn't known for being a big real estate investor, but he has invested in real estate investment trusts (REITs) in the past and reaped significant rewards. For instance, Buffett's company Berkshire Hathaway Inc. (NYSE:BRK) used to own shares of STORE Capital Corp., a REIT specializing in single-tenant operational real estate (STORE). In September 2022, STORE Capital announced that it would be acquired by Singapore's sovereign wealth fund GIC and Oak Street in an all-cash transactio
Can investors realistically time the market to maximize returns, especially over the long term? According to a recent study from Charles Schwab, perfect market timing is practically impossible. The firm’s research showed that most investors are better off investing as soon as possible using a buy-and-hold strategy rather than trying to predict short-term peaks and […] The post Forget About ‘Timing the Market’: Schwab Research Reveals the Optimal Way to Invest appeared first on SmartReads by Smar
Biohaven could rival Argenx and Immunovant after unveiling results Wednesday for an autoimmune diseases drug. BHVN stock rocketed.
Plug Power (PLUG) closed at $7.55 in the latest trading session, marking a +1.07% move from the prior day.
After beginning the year at record levels, global events have caused market volatility to jump and equities to fall. The S&P 500 Index is experiencing its first major correction since 2020, so investors are understandably looking to safeguard their assets. … Continue reading → The post Schwab Says This Can Double Your Retirement Savings appeared first on SmartAsset Blog.
Despite heavy investments in security, the company continued to face "fundamental challenges" to running the stores safely, the retailer said. It operates nearly 2,000 stores across the United States. "We cannot continue operating these stores because theft and organized retail crime are threatening the safety of our team and guests, and contributing to unsustainable business performance," Target said in a statement.
Hanesbrands (HBI) is grappling with a rising inflationary environment and persistent macro-driven slowdown in consumer spending.
Deutsche Bank analyst Emmanuel Rosner cut his price target on Tesla stock to $285 from $300. The EV maker may face limited volume growth next year, he writes.
A major crude storage hub in the US is running low on stockpiles at a time when world markets are feeling a supply squeeze.
NextEra Energy (NEE) continues to focus on its core operations and decides to sell its non-core unit, Florida City Gas, for $923 million to Chesapeake Utilities Corporation.
I’m 49 years old and I’ve had a steady job for over 15 years now as a government contractor. I plan to retire at around 65. I have $500,000 in savings between my 401(k), IRA and individual savings accounts. I’m renting, I don’t have any debt and I have a small family of three. I’m […] The post Ask an Advisor: I’m 49 With $500k in Savings But ‘I’m Concerned’ About Retirement Income and Annuities Are ‘Too Expensive.’ What Are My Options? appeared first on SmartReads by SmartAsset.
(Bloomberg) -- On picket lines around the country, auto workers aren’t just demanding higher wages. They want to get back their once-sacred retirement pensions.Most Read from BloombergChina Puts Evergrande’s Billionaire Founder Under Police ControlBond Selloff Continues as Oil Tests $94 a Barrel: Markets WrapRepublican Moderates Turn to Rare Maneuver to Avoid Lengthy Government ShutdownCitadel Is Ready to Fight With SEC Over WhatsApp ProbeDimon Warns 7% Fed Rate Still Possible, Times of India Sa
The contrast is striking, and it reflects Wall Street’s belief that Micron’s fortunes are about to start turning around. For the August quarter, the company sees revenue of $3.9 billion, with a loss of $1.15 a share on an adjusted basis, and a loss $1.33 a share under generally accepted accounting principles. Street estimates are about in line with guidance, at $3.9 billion in revenue and losses of $1.19 on an adjusted basis and $1.34 a share under GAAP.
Dubbed the Oracle of Omaha, Warren Buffett is renowned for his simple and frugal lifestyle. Despite being the sixth richest person globally, with a net worth estimated at $117.9 billion, Buffett continues to live in the same modest home in Omaha that he purchased in 1958 for just $31,500. Adjusted for inflation, that amount today would be approximately $328,990.80, a mere 0.000279% of his total net worth. Buffett has consistently ranked the purchase of his home as the third-best investment he ha
Nvidia stock has fallen from grace as a Wall Street darling. Did you see the warning sign and get out in time?
Dealing with trusts and their tax implications can seem like a labyrinth of legal terms and financial jargon. Trust distributions might be taxable, with the tax liability potentially varying based on factors such as the type of trust, the kind of distributions, and a beneficiary's tax bracket. With the help of a capable financial advisor, […] The post Are Trust Distributions Taxable? appeared first on SmartReads by SmartAsset.
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