Financial Services

Here’s how much the average working boomer has saved for retirement

Three news items that say a lot about the retirement crisis facing Americans and what we can do about it — if we want to. The first is a survey of 1,000 working Americans conducted recently showing much, or little, they have saved for retirement. And the picture isn’t so much bleak as devastating. Less …

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Crypto crash: forced selling cools down; correlation with equities back in focus

Hello! Welcome back to Distributed Ledger, our weekly crypto newsletter that reaches your inbox every Thursday. I’ll walk you through what’s going on in the current bear market. As usual, find me on Twitter at @FrancesYue_ to send feedback, or tell us what you think we should cover. You can also reach me through email …

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Supreme Court dismisses case against SEC’s ‘no admit, no deny’ policy backed by Musk, Cuban

The U.S. Supreme Court Tuesday rejected a challenge brought against the Securities and Exchange Commission by a former Xerox executive, and backed by Tesla CEO Elon Musk, against the Securities and Exchange Commission’s practice of barring those who agree to settlements with the agency from publicly proclaiming their innocence. The SEC’s so-called gag rule was …

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Elon Musk says SpaceX will accept Dogecoin for some merchandise, though the crypto is down 90% from all-time high

Dogecoin has jumped 13% over the past 24 hours on Tuesday to around $ 0.068, after Elon Musk reiterated his support for the meme coin, even though the crypto has lost more than 90% of its value from its all-time high in May 2021. Musk, chief executive at both Tesla TSLA, +11.72% and SpaceX, said …

Elon Musk says SpaceX will accept Dogecoin for some merchandise, though the crypto is down 90% from all-time high Read More »

Tom DeMark identified the bitcoin downside in March. Here’s the good and bad news the technical strategist now has for the cryptocurrency.

Technical strategist Tom DeMark in March said bitcoin could fall as low as $ 18,418 – back when the cryptocurrency was trading as high as $ 48,000. A volatile weekend had bitcoin BTCUSD, +0.69% briefly trading below $ 18,000, as it traded around $ 20,000 on Monday, down some 70% from its Nov. 10 peaks …

Tom DeMark identified the bitcoin downside in March. Here’s the good and bad news the technical strategist now has for the cryptocurrency. Read More »