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Forbes Releases 39th Annual Forbes 400 Ranking Of The Richest Americans

[Forbes] Featuring an Updated Philanthropy Ranking and the Third Annual Impact 50 List of Impact Investors NEW YORK – September 8, 2020 – Forbes today released the 39th annual Forbes 400 list, the definitive ranking of the wealthiest Americans—including a comprehensive report of not only what these billionaires are worth, but how they […]

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“Bitcoin Pope” Hit With Cease and Desist Order by Texas Authorities

[DeCrypt] Texas Securities Commissioner issued the cease and desist order for a crypto fraud scheme that promises large returns. The Texas Securities Commissioner on Thursday demanded the immediate shutdown of a cryptocurrency investment program it alleges is operated by a would-be guru, one Eric Darwin Balusek, a.k.a. “Bitcoin Pope”. Texas […]

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Tech bloodbath aside, ride these two giants for the second half of the recovery, veteran analyst says

[MarketWatch, Getty Images] Critical information for the U.S. trading day On no obvious catalyst, the winners of 2020 were absolutely hammered on Thursday — a sea of red for the likes of Apple, Microsoft, Tesla TSLA and Zoom Video Communications ZM . And the selling wasn’t limited to technology stocks — small-caps RUT and value stocks VLUE also fell. […]

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The Crash Of 2020: Into The End Game

[Forbes, Getty Images] It is a little annoying when you see an obvious trading set up but you don’t press the button. This is one such instance I wrote about in July: “I should buy Berkshire Hathaway BRK.B, but again while the Nasdaq zooms with Fed new money, the time is not […]

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Markets are facing a potential ‘Minsky moment’ collapse, strategist says

[CNBC, GETTY IMAGES] Despite lingering global economic risks from the Covid-19 pandemic and geopolitical tensions, Wednesday saw the S&P 500 and Nasdaq both notch record highs. A “Minsky moment,” named after economist Hyman Minsky, refers to a sudden market collapse following an unsustainable bull run, which in this case could […]

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Bitcoin Falls Most in Month as Momentum Shifts During Risk Rally

[Bloomberg, Getty Images] Largest cryptocurrency drops after hitting $12,000 threshold Alt coins Bitcoin Cash, Ether, Litecoin tumble as least 10% Bitcoin posted its largest one-day decline in about a month just a day after reaching $12,000. Other digital currencies registered deeper declines. The world’s largest cryptocurrency fell as much as […]

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