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The headquarters of the US Securities and Exchange Commission (SEC) is seen in Washington, DC, January 28, 2021. Saul Loeb | AFP | Getty Images The Securities and Exchange Commission on Wednesday issued a warning against special purpose acquisition companies backed by celebrities, urging investors to think twice before jumping in. “Celebrity involvement in a
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While some mainstream financial institutions in the U.S. were initially reluctant to delve into the cryptocurrency market, they were much less reticent about exploring the possibilities inherent in blockchain technology. Blockchains allow for cryptocurrencies to function, but their functionality has applications beyond cryptocurrency. Even if digital currencies fade from interest, at this point, it is
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ViacomCBS (NASDAQ:VIAC) stock has a problem summed up in the new name of its streaming service, Paramount. Source: Jer123 / Shutterstock.com As happened after the movie company lost its antitrust case in 1948, Paramount has lost its distribution channels. Broadcast TV is dead. Cable is dying. Movie theaters are still mostly empty. The only way
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The “Reddit Wars” didn’t end when GameStop Corp. (NYSE:GME), movie theater owner AMC Entertainment Holdings Inc. (NYSE:AMC), BlackBerry Ltd. (NYSE:BB), and other online message board favorites crashed in late January. Source: Shutterstock In fact, as of late, GameStop is making another huge surge. It’s back up to around $200 after falling from $500 to $60 earlier this year.
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There are various reasons for asset markets trending higher after the novel coronavirus pandemic triggered correction. A key reason has been expansionary monetary policies and fiscal policy that supported and revived GDP growth. Easy money has also manifested itself in the form of inflation in various asset classes. As a broad asset class, commodities still
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Many financial advisors and academics do not recommend selling stocks and mutual funds when prices are tumbling during bear markets. If you can just hold on through thick and thin, they argue, you are likely to enjoy returns better than any other asset class over the long run. However, there are occasions when selling a mutual fund
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Ideanomics (NASDAQ:IDEX) announced on March 1 that it would sell $150 million of IDEX stock at market prices through Roth Capital Partners. Its share price gained 20% on the news.   Source: Shutterstock What the company does with the $150 million will tell investors all they need to know about the holding company/electric vehicle distributor/ETF provider’s
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