Peter Schiff Says 'Smart Money Is Selling' And Dumb Money Is Buying It Through ETFs: 'They Set Up Bitcoin ETF Investors To Be The Bag Holders'

Moneywise
Warren Buffett once said there are 'two kinds of items people buy' to grow wealth — but only one 'really is investing'
It's all about where the returns come from.
Barrons.com
Why Berkshire’s $1.5 Billion Sale of Bank of America Stock Could Be Just the Beginning
Berkshire Hathaway trimmed its holdings of Bank of America stock for the first time in at least four years. U.S. Bancorp, Wells Fargo, Bank of New York Mellon, and HP Inc. were once large positions at Berkshire and have been eliminated. The risk of further sales appears to be depressing Bank of America stock, which was off 1.5% on Monday afternoon.
The Smart Investor
3 Singapore Blue-Chip Stocks That Could Potentially Raise Their Dividends
Here are three blue-chip stocks that are on the way to raising their dividends. The post 3 Singapore Blue-Chip Stocks That Could Potentially Raise Their Dividends appeared first on The Smart Investor.
Benzinga
Nvidia Could Be Worth Nearly $50 Trillion In A Decade, Says Early Tesla, Amazon Investor: Nearly 2X That Of US Or 3X Of China's Current GDP
A prominent tech investor predicted that NVIDIA Corp. (NASDAQ:NVDA) could achieve a market capitalization of nearly $50 trillion within the next decade. What Happened: James Anderson, an early investor in companies like Tesla Inc (NASDAQ:TSLA) and Amazon.com Inc (NASDAQ:AMZN), expressed his bullish outlook on Nvidia’s future potential, reported the Financial Times on Sunday. He suggested that the chipmaker’s market cap could potentially surpass the combined value of the current S&P 500. Don't Mi
Barrons.com
Buffett’s Berkshire Sells Bank of America Stock Worth $1.5 Billion
Berkshire has reduced or eliminated stakes in several banks in recent years, including Wells Fargo, JPMorgan Chase, and Goldman Sachs .
Reuters Videos
Nvidia prepping new China chip in line with export curbs
STORY: Nvidia is working on a new version of its flagship AI chips that is meant to avoid U.S. restrictions on sales to China. That’s according to Reuters sources. They say the new silicon will be compatible with Washington’s export controls. There was no comment on the report from the company. The AI chip champion unveiled its “Blackwell” semiconductors in March. It’s thought the new product for China will be a derivative. The U.S. tightened controls on the export of chips to China in 2023. It wants to prevent breakthroughs in supercomputing that could help the country’s military. Recent reports claim more controls are likely, with Washington pressuring allies like Japan to impose further controls too. Since the U.S. curbs were introduced, Chinese tech giants including Huawei have sought to develop their own alternative semiconductors. That’s a challenge Nvidia would like to defeat, with China accounting for over a quarter of its sales before the recent tensions began.
Barrons.com
Stock Futures Climb After Biden Quits Campaign. Here’s What to Watch Next.
U.S. stocks are poised for a higher open on Monday, offering the first glimpse of the markets’ reaction to President Joe Biden’s decision not to seek reelection and endorsement of Vice President Kamala Harris to become the Democratic presidential candidate. At 6:30 p.m. Eastern Time on Sunday, Dow Jones Industrial Average futures had gained 40 points, or 0.1%, S&P 500 futures had risen 0.2%, and Nasdaq Composite futures had advanced 0.3%. Polls had shown Donald Trump’s lead over Biden widening since the president’s poor debate, the failed assassination attempt on former President Trump, and the Republican convention.
The Independent
13 celebrities who lost their fortunes: ‘I had zero money’
Francis Ford Coppola and 50 Cent feature on this list of surprising stars who have suffered significant financial difficulties over the years
Reuters
Aussie, kiwi dollars struggle on China's rate cuts; dollar adrift
The Australian and New Zealand dollars languished near multi-week lows on Tuesday after China's move to cut several key interest rates, while the dollar was little changed as it awaited fresh impetus. China on Monday surprised markets by cutting major short and long-term interest rates in its first such broad move since last August, signalling intent to boost growth in the world's second-largest economy. The two Antipodean currencies, often used as liquid proxies for the Chinese yuan, were flat after slumping in the previous session in the wake of the news.
Simply Wall St.
Accenture Insiders Sell US$3.5m Of Stock, Possibly Signalling Caution
The fact that multiple Accenture plc ( NYSE:ACN ) insiders offloaded a considerable amount of shares over the past year...
South China Morning Post
US likely to cut rates 3 times this year as inflation cools, says former Fed vice-chair
The Federal Reserve is likely to cut interest rates three times this year as inflation heads downward and the labour market cools, according to Richard Clarida, who was vice-chair of the US central bank from 2018 to 2022. Any further improvements in inflation data and increases in the unemployment rate in the US will inform the Fed's decision, Clarida, currently the global economic adviser for asset management giant Pimco, said in an interview in Hong Kong. Pimco's forecast is for two rate cuts,
Reuters
Analysis-China faces growing scepticism over its commitment to decade-old policy pledges
As imbalances in China's economy deepen, pressure is growing on Beijing to deliver on the decade-old policy promises it revived at an agenda-setting leadership meeting last week, having failed to achieve major breakthroughs in recent years. Faced with deflationary pressures and weak demand at home and increased hostility towards its export dominance abroad, the twice a decade political event, known as a plenum, chose to point towards policy continuity rather than any structural shifts. The plenum "has clearly not been a game changer in terms of the reforms announced, especially given the challenges ahead both externally and domestically," said Alicia Garcia Herrero, chief Asia Pacific economist at Natixis.
GOBankingRates
I’m a Financial Advisor: 4 Moves I’ll Make If I Think Trump Will Win the Election
Another presidential election is on the horizon, and financial advisors are considering the possibility of Donald Trump securing the Republican nomination and winning a second term at the presidency....
Reuters
India ed-tech firm Byju's founder faces reckoning as startup implodes
Byju Raveendran, an Indian mathematics whiz who soared from teacher to startup billionaire before his education-technology company imploded this year, now faces his biggest test. The future of Raveendran's eponymous Byju's online coaching firm rests with India's courts after the country's biggest startup, once loved by global investors who valued it at $22 billion, crashed below $2 billion in valuation. The 44-year-old founder last week lost control of the company as a tribunal kick-started an insolvency process.
Yahoo Finance
Joe Biden dropout fallout, inflation data, and the start of tech earnings: What to know this week
A key inflation reading and the start of Big Tech earnings headline the week ahead amid a slump in tech stocks.
Reuters
Alphabet to report double-digit Q2 growth; AI adoption, ballooning costs in focus
Google-parent Alphabet is expected to report a nearly 14% rise in quarterly revenue, its fourth straight quarter of double-digit growth, driven by steady demand for its artificial intelligence-powered cloud computing services and an uptick in the ad market. At a developer conference in May, Google widely rolled out AI-powered summaries in Search and beefed up its Gemini AI model to better compete with services from OpenAI and Microsoft. Google is also launching new Pixel devices with AI capabilities next month, moving forward its unveiling event, typically set in fall, after Apple announced in June a slew of AI capabilities and an integration with ChatGPT in the latest iPhones.
FX Empire
USD/JPY Forecast – US Dollar Drops in Early Hours Against The Yen
The greenback pulled back a bit against the Yen in the early hours on Monday, but at this point in time, there should be no doubts as to what the trend is in this pair over the longer-term.
Insider Monkey
Intel Corporation (INTC): One of the Best Undervalued Stocks to Buy Now According to Reddit
We recently compiled a list of the 10 Best Undervalued Stocks to Buy According to Reddit. In this article, we are going to take a look at where Intel Corporation (NASDAQ:INTC) stands against the other undervalued stocks. If interested, read our recent piece on the 10 Most Undervalued Stocks to Buy for Under $20. Retail […]
Reuters
Gold slips to over 1-week low as dollar firms, investors await more Fed cues
Gold prices fell to a more than one-week low on Monday as the dollar firmed, while traders awaited more U.S. economic data and comments from Federal Reserve officials this week for clarity on the timeline for interest rate cuts. Spot gold fell 0.4% to $2,391.21 per ounce, as of 1635 GMT, while U.S. gold futures shed 0.3% to $2,392.60. "We're seeing a quiet market today for gold" as "they're waiting to see what exactly the change in the democratic party’s candidacy means for the election and for the country and the world overall," said Jeffrey Christian, managing partner of CPM Group.
Simply Wall St.
July 2024 Insight Into Three SGX Stocks Estimated As Undervalued
As the global financial landscape evolves, the Singapore market remains a focal point for investors seeking stability and growth opportunities. Recent developments, such as the expansion of innovative payment solutions in Europe by companies like Stables, highlight an increasing integration of traditional finance with digital assets, setting a progressive tone for markets worldwide. In this context, identifying undervalued stocks becomes crucial as they may offer potential for significant...

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Peter Schiff Says 'Smart Money Is Selling' And Dumb Money Is Buying It Through ETFs: 'They Set Up Bitcoin ETF Investors To Be The Bag Holders'

Latest stories

Warren Buffett once said there are 'two kinds of items people buy' to grow wealth — but only one 'really is investing'

Why Berkshire’s $1.5 Billion Sale of Bank of America Stock Could Be Just the Beginning

3 Singapore Blue-Chip Stocks That Could Potentially Raise Their Dividends

Nvidia Could Be Worth Nearly $50 Trillion In A Decade, Says Early Tesla, Amazon Investor: Nearly 2X That Of US Or 3X Of China's Current GDP

Buffett’s Berkshire Sells Bank of America Stock Worth $1.5 Billion

Nvidia prepping new China chip in line with export curbs

Stock Futures Climb After Biden Quits Campaign. Here’s What to Watch Next.

13 celebrities who lost their fortunes: ‘I had zero money’

Aussie, kiwi dollars struggle on China's rate cuts; dollar adrift

Accenture Insiders Sell US$3.5m Of Stock, Possibly Signalling Caution

US likely to cut rates 3 times this year as inflation cools, says former Fed vice-chair

Analysis-China faces growing scepticism over its commitment to decade-old policy pledges

I’m a Financial Advisor: 4 Moves I’ll Make If I Think Trump Will Win the Election

India ed-tech firm Byju's founder faces reckoning as startup implodes

Joe Biden dropout fallout, inflation data, and the start of tech earnings: What to know this week

Alphabet to report double-digit Q2 growth; AI adoption, ballooning costs in focus

USD/JPY Forecast – US Dollar Drops in Early Hours Against The Yen

Intel Corporation (INTC): One of the Best Undervalued Stocks to Buy Now According to Reddit

Gold slips to over 1-week low as dollar firms, investors await more Fed cues

July 2024 Insight Into Three SGX Stocks Estimated As Undervalued