As investors seek long-term opportunities in the digital assets world, many focus on top tier cryptocurrencies, sorting their list by market capitalization. Such a starting point certainly makes sense, given the relative stability a long-term track record and growth metrics provide prospective investors. On this list of digital assets worth holding for the long haul
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According to Federal Reserve data, the United States household wealth reached a record high of $154.3 trillion during Q2 2023. This development carries substantial significance for the stock market. It signifies the complete recovery of consumer wealth from recent challenges driven by inflation-induced fluctuations in stock prices and real estate values. Over just three months,
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The U.S. Department of Health and Human Services recently called for cannabis to move from Schedule I (the most restrictive category) to Schedule III. While the transition hasn’t taken effect yet, and rescheduling still falls short of decriminalization, a reclassification would have a major impact on U.S. cannabis stocks. Critically, rescheduling could tweak cannabis stocks’
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Last week, Apple (NASDAQ:AAPL) encountered a notable disturbance following reports of a ban imposed on Chinese government officials using iPhones. China’s Apple iPhone ban has sent shockwaves across the financial realm, leading to a consecutive two-day decline in Apple’s stock value. The consequences of this situation hold significant weight, especially given the country’s pivotal role as one of Apple’s
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EV charging stocks have not participated in the year-to-date broad market rally. The reason is intensifying competition and sustained cash burn. I, however, believe that several EV charging stocks are deeply oversold and poised for a big reversal rally. In addition to the valuation factor, business developments for several EV charging companies have been encouraging.
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Traders work on the floor of the New York Stock Exchange, July 12, 2023. Brendan Mcdermid | Reuters Check out the companies making headlines in midday trading. Oracle — Shares dipped more than 12% a day after the software company posted disappointing earnings and revenue guidance for its fiscal second quarter. Oracle’s revenue, which came in at
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American parents spend a lot of money on back-to-school shopping. The National Retail Federation forecasts that parents in the U.S. will spend a record $41.5 billion on back-to-school shopping in 2023. Individually, parents will shell out an average of $895 each getting their kids ready to return to the classroom, with clothes and electronics comprising the
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