Share to Twitter Share to Linkedin Key Takeaways: Bitcoin plunged in value this week, and other cryptos followed suit Some investors are losing their life savings, while others are considering buying the dip Q.ai’s Crypto Kit can help investors navigate the crypto world amid uncertain times It’s been a turbulent time for the markets, in general. The last few months, er, years, have been especially uncertain for investors at large. But, as much as the markets are moving up and down these days, cryptocurrencies have really been through the ringer. Bitcoin and other cryptocurrencies fell in value on Thursday following a digital asset sell-off that has already wiped almost $600 billion in market capitalization in a single week. Download Q.ai for iOS today for more great Q.ai content and access to over a dozen AI-powered investment strategies. Start with just $100. No fees or commissions. To kick off the week, Bitcoin plummeted in … [Read more...] about Is The Crypto Crash A Sign Of Trouble Or A Time To Buy The Dip?
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Stocks Fall as Bank Shares Drop and December Retail Disappoints
Stocks fell, with the three major U.S. indexes poised to close lower for the week, as major banks kicked off the fourth quarter earnings season with mixed results and December retail sales were lower than expected. Key Takeways Stocks are lower with the Dow, S&P 500, and Nasdaq poised to drop for the week. Retail and food sales sank 1.9% in December, the biggest drop in 10 months. Banks reported mixed earnings, and JPMorgan is the worst-performing Dow and S&P 500 stock after it reported trading revenue fell. Banks and Retail Stocks Fall, Energy Gains The Dow is down more than 300 points, nearly a full percent, and the S&P 500 is about 0.5% lower. The Nasdaq's earlier gains have reversed and that index is down about 0.2%. JPMorgan Chase & Co. ( JPM ) is the worst-performing stock in both the Dow and S&P 500 after reporting a fourth-quarter loss, and net interest margin that came in below analysts' consensus estimates. Shares of … [Read more...] about Stocks Fall as Bank Shares Drop and December Retail Disappoints
Anger erupts at Xi Jinping’s ‘Big White’ army of lockdown enforcers
A worker wearing personal protective equipment (PPE) posts a sign on a perimeter fence surrounding a neighborhood placed under lockdown due to Covid-19 in Shanghai, China, on Wednesday, March 16, 2022. Photographer: Qilai Shen/Bloomberg Shortly after Shanghai went into lockdown, Mark Liu volunteered to help authorities provide essential goods to millions of residents by becoming what’s known as a Dabai, or “Big White.” The 33-year-old business director at a fund, who relocated to Shanghai recently from Hong Kong, hoped that signing up would allow him to get more transparent information on the Covid cases in his complex. For the most part, the Dabai work with neighborhood committees to ensure residents get food and other essentials to keep daily life running as smoothly as possible, as well as carry out mass Covid-19 testings. But he soon grew disillusioned by the experience. Not only did the details on Covid outbreaks remain opaque after he became a Dabai, but he also saw … [Read more...] about Anger erupts at Xi Jinping’s ‘Big White’ army of lockdown enforcers