When bear market crypto

Share to Twitter Share to Linkedin Upside Investing represents a revolution in investment/spending strategy. It lets you set a living standard floor that only rises as a result of investing in stocks and other risky assets. The higher your floor, the lower your upside and vice versa. The stock market is, once again, going nuts — dropping relentlessly, then bouncing back, only to plunge again, but then recovering, well, kind of, and … This is, in short, excruciating times for those counting on the market to see them through retirement. Stocks have always been a high-reward, high-risk ride. But since the Great Recession, the market seemed reliable. No longer. Today’s economic and geopolitical world is crazzzy and the stock market doesn’t like crazzzy . We now face raging inflation, round three of COVID, lingering supply-chain disruptions, on-again-off-again Chinese production, global energy and food shortages (curtesy of Vladimir the Excrement), … [Read more...] about Finally, A Safe Way To Play The Market — Upside Investing

Share to Twitter Share to Linkedin As the crypto winter descended, so did NFT sales. After a rush into mainstream culture and nearly two years of explosive growth that peaked in November, NFT sales failed to hit $1 billion in July for the first time since June 2021, down from more than $5 billion in January. Sales on OpenSea, the world’s largest NFT marketplace, fell 79% from May to July , and the company laid off 20% of its staff in mid-July. But the NFT downturn hasn’t stopped social media companies from launching new features this summer that seem to be built for the NFT-obsessed world of last winter’s crypto boom. Reddit, which had already been in the NFT space for more than a year, announced a marketplace for fixed-price NFTs that it billed as “collectible avatars” on July 7. Snap is testing NFTs as AR filters, the Financial Times reported in mid-July. And just last week, Meta announced that Instagram would allow users in 100 countries to … [Read more...] about Instagram Is Getting Into NFTs Months After They Crashed. Artists Are Wary But Hopeful.

- A + A NEW YORK (Aug 12): Wall Street closed higher on Friday (Aug 12) as signs that inflation may have peaked in July increased investor confidence that a bull market could be under way and spurred the S&P 500 and the Nasdaq to post their fourth straight week of gains. The S&P 500 is up 17.7% from a mid-June low, with the latest gains coming from data this week showing a slower-than-expected rise in the consumer price index and a surprise drop in producer prices last month. The S&P 500 crossed a closely watched technical level of 4,231 points, indicating the benchmark index has recouped half its losses since tumbling from the all-time peak in January. A 50% retracement for some signals a bull market. "It's really just a number, but it certainly makes investors feel better — at least those who bought near the bottom," said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York. "I wouldn't declare victory over this bear market … [Read more...] about S&P 500, Nasdaq close up for fourth straight week as optimism grows

- A + A (Aug 12): Wall Street's main indexes rose on Friday, setting the S&P 500 and the Nasdaq for a fourth straight week of gains on increasing evidence that inflation may have peaked. The S&P 500 is up 16.8% from its mid-June low, with the latest boost coming from a slower-than-expected rise in consumer prices and a surprise drop in producer prices in July. The benchmark index crossed a closely watched technical level of 4,231 points, indicating it has recovered 50% of its bear market loss. It was headed for fourth straight week of gains, its best performance since November 2021. "We're seeing a market that is focusing on inflation peaking and so the rally is continuing, although volume is rather light," said Peter Cardillo, chief market economist at Spartan Capital Securities. "Investors are becoming more optimistic in terms of the Fed not being as aggressive as the market previously had expected." While policymakers remain firm about a further … [Read more...] about Wall St set for weekly gains on signs of cooling inflation

George Soros’s investment firm bolstered its stakes in Amazon.com Inc, Salesforce Inc and Alphabet Inc, among other large technology companies. (File pic by Reuters) - A + A (Aug 13): Soros Fund Management increased its holdings of big tech stocks ahead of their sharp rally in recent weeks, while adding more than US$200 million in shares of American Campus Communities Inc. George Soros’s investment firm bolstered its stakes in Amazon.com Inc, Salesforce Inc and Alphabet Inc, among other large technology companies. All three rank among its top 10 holdings as of the end of June, according to a regulatory filing Friday. The New York-based firm also added a new US$20 million position in Elon Musk’s Tesla Inc, though that represents only about 0.4% of Soros’s US$4.6 billion US equities portfolio, which fell US$664 million in the second quarter. Other new additions included US$168 million of Alleghany Corp stock and US$201.5 million in shares of American Campus, which … [Read more...] about Soros reloads on big tech with Amazon, Google and new Tesla bet

Share to Twitter Share to Linkedin Topline Peloton Interactive laid off 800 employees Friday — the at-home stationary bike company’s second round of job cuts — making it the latest major U.S. company to undergo massive layoffs this summer, as CEOs fear soaring inflation could tip the economy into a recession. Timeline Aug. 12, 2022 Peloton , which gained popularity as gyms shut their doors during the pandemic, announced a sweeping round of layoffs in a memo to employees obtained by Bloomberg , six months after the New York-based company cut another 2,800 jobs. Aug. 12, 2022 Texas-based home health services company Signify Health laid off 489 employees, a cost-cutting move that comes days after health care giant CVS made a bid to purchase the company, multiple outlets reported (Signify did not respond immediately to an inquiry from Forbes ). Aug. 11, 2022 Meditation app Calm laid off 90 employees (20% of its workforce), … [Read more...] about Peloton Reportedly Lays Off 800 Employees — Here Are The Major U.S. Job Cuts As Recession Fears Grow

Share to Twitter Share to Linkedin People are concerned about money. More than half ( 54% ) of the United States workforce cite money issues as a larger cause of stress than their health and relationships. Finding unique wealth-building strategies is an excellent way to feel ahead of the game, and the strategies don’t even have to be complex! Here are some simple tips for staying on top of your money game. Invest Your Spare Change in Crypto Crypto is a word people all around the world are now familiar with. However, the use of cryptocurrency is still a mystery to many. Bitcoin BTC was the first cryptocurrency to be outlined in principle in 2008 and is by far the most popular, with $1.03 trillion invested in it, representing around 40% of all crypto investments. The project was described by its creator, operating under the pseudonym Satoshi Nakamoto , as “an electronic payment system based on cryptographic proof instead of trust.” IRS … [Read more...] about 3 Wealth-Building Strategies You Haven’t Thought Of Yet

Set aside a small sum of money every month for investing in equities when you get your salary. As Indian citizens, we are glad to live in a free country. But often, we take our freedom for granted, especially when it comes to financial freedom. Money here today might be gone tomorrow. That’s why it’s important to be financially free, especially if you’re starting your investment journey at a young age. If you are in your 20s , or even in your 30s , on your first, second or even third job, and are just embarking on your financial journey, here are some handy tips to make sure you become financially independent. Also read | How women in their first job can take control of their money Invest in equities Set aside a small sum of money every month for investing in equities when you get your salary. Maher Dhamodiwala, founder of Financial Artists, a Mumbai-based financial planning firm, says that at a young age when liabilities are low or zilch, people should … [Read more...] about Just started working? Here’s how to become financially independent

Share to Twitter Share to Linkedin There’s an unmistakable rush to cash in on nostalgia in the media business – from a series of near-octogenarian rock star concerts to a renewed excitement over movie theaters to the revival of long-dead vinyl record sales. But after my own nostalgia immersion in recent weeks, I can’t help thinking that a little bit of innovation would go a long way in boosting the long-term prospects for expanding on these blasts from the past. The list of live performances for aging but perpetual rock stars has exploded with the end of most COVID-related restrictions, with filled arenas and hard-to-crack online ticket queues. My own personal attendance list included 80-year-old Paul McCartney and – don’t judge me – 79-year-old Barry Manilow. This was hardly even the tip of the iceberg. The summer concert scene includes The Rolling Stones (led by Mick Jagger at 79), Elton John (75), Van Morrison (77), and, in dueling tours, The Beach Boys … [Read more...] about McCartney, Manilow And More: Innovation In Media Nostalgia

(CTN News) – “Supermoon” or “buck moon” marks the biggest celestial event of the year today, with the full moon orbiting at its closest point to Earth. By the time the sun goes down tonight in Thailand, the sky will reveal the biggest and brightest moon of the year… provided it isn’t cloudy or raining. Thailand, however, is in the middle of monsoon season. Heavy rains are forecast all over the kingdom this week, so we can’t guarantee you’ll be able to see the supermoon tonight. From 6pm – 10pm tonight, the National Astronomical Research Institute of Thailand (NARIT) is hosting events to observe the supermoon. Admission is free! Observing the “Supermoon Today” tonight… CHIANG MAI : The “supermoon” can be observed at Princess Sirindhorn AstroPark, a planetarium and observatory in Mae Rim district in Chiang Mai province. For more information call 081-8854353. NAKHON RATCHASIMA: Observations of the “supermoon” can be made at the Regional Observatory for the … [Read more...] about Watch Thailand’s ‘Supermoon’, Even In The Rain