Jim Cramer has always had the notion that excessive prudence can be one of the most reckless strategies of all. If too much money is invested in safe, risk-free U.S. Treasury bonds, that basically insures a very low return on an investment. So, for those who want to grow their capital, stocks are the only […]
Read morePeople are blaming this week’s market sell-off on rising tensions with North Korea, but it has “nothing to do with North Korea,” Canaccord Genuity’s chief market strategist Tony Dwyer said. “This is all about a market looking for an excuse to sell off with a ‘natural, normal and healthy correction,’ which is only that way […]
Read moreUnless you are born with a silver spoon in your mouth, accruing wealth does not come easily, which is why Jim Cramer is so passionate about helping investors find a viable financial strategy. “Thanks to the magic of compounding, the earlier in your life you start investing in the market, the bigger your long-term gains […]
Read moreImagining the future of blockchain technology is like trying to imagine Google and Facebook on the day the first web browser came out, said Hadley Stern, senior vice president at Fidelity Labs. Stern is responsible for running Fidelity’s bitcoin, blockchain and digital currency incubator. His research team has been experimenting with bitcoin because he said […]
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Third Point’s Dan Loeb sold out of Snap shares in the second quarter, one quarter after buying the social media stock, according to a regulatory filing Friday. Snap’s shares have lost half their value since the initial public offering in March but they did get a temporary 21.5 percent bump up in May after first […]
Read moreThe Google engineer fired for writing a controversial memo about diversity has gone beyond referring to the company as an “echo chamber” that won’t stand for dissent and now says it’s “almost like a cult.” In an opinion piece for the Wall Street Journal, James Damore gave his explanation for why he was fired, taking […]
Read moreAmazon is speeding its efforts to crack the health care market, hiring a number of high-profile executives, testing Echo technology in top hospitals and creating a secret “1492” team dedicated to health-technology opportunities like telemedicine and electronic medical records. Goldman Sachs is now out with a 30-page report from five research analysts on Amazon’s likely […]
Read moreStarboard Value made a quick buck on medical information site WebMD. The activist hedge fund run by Jeffrey Smith reported a new 425,000 share stake in WebMD for the second quarter ended in June. The stake was valued at around $24.9 million, according to Starboard’s quarterly regulatory filing, which is due about six weeks after […]
Read moreIt’s been a busy week for streaming services, and Amazon is closing things out with a huge announcement: the company has closed an overall deal with The Walking Dead creator Robert Kirkman, along with signing a first-look agreement for his production company Skybound Entertainment. In one fell swoop, it makes Amazon Prime Video the exclusive […]
Read moreGuam’s government is giving sound advice for surviving a nuclear disaster, says one expert. The government of the U.S. territory issued a two-page fact sheet on Friday, after North Korea vowed to launch an “enveloping strike” in the waters around the Pacific island. It recommends doing things such as making lists of nearby concrete buildings […]
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