(Bloomberg) — Tesla Inc. will resume allowing Bitcoin transactions when mining the digital coin is done with more clean energy, Elon Musk said in a tweet Sunday.The transactions will start back up “when there’s confirmation of reasonable (~50%) clean energy usage by miners with positive future trend,” Musk said after confirming the electric-car maker had…
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The 60/40 rule of investing is dead, experts say — it’s time to get more creativeFor decades, investors have put their financial future in the hands of ol’ reliable: the 60/40 rule.With 60% of your money in stocks, you’ll have enough growth potential to meet your goals. And with 40% in bonds, you’ll have a…
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A Texas hospital system’s mandatory COVID-19 vaccination policy for employees can stand after a federal judge on Saturday dismissed a closely watched lawsuit from workers refusing to get the shot. The hospital system’s policies were not coercion against staff, Hughes said. They were a choice the hospital system made “to keep staff, patients, and their…
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One of the main focuses for investors this week will be on the Federal Reserve’s June policy decision. The central bank’s statement and press conference are set to help clarify the path forward for monetary policy as investors contemplate the staying power of higher inflation. A number of key economic data releases are also scheduled…
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Dow Jones futures will open Sunday evening, along with S&P 500 futures and Nasdaq futures. The stock market rally continued to improve last week, with the S&P 500 at a record high and more breakouts continuing. X While not a rip-roaring bull market like 2020, investors can take advantage of the current uptrend. But to…
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FCX stock, Vale (VALE) and other mining stocks could be setting up for another run, after consolidating big gains over the past year. Rio Tinto (RIO), Teck Resources (TECK) and BHP Group (BHP) join Freeport-McMoRan (FCX) and Vale stock on this weekend’s watch list. X As stock market leadership shifts back and forth between cyclical…
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You couldn’t fault Wall Street for envisaging a bit of Hamlet in Jerome Powell at the Federal Open Market Committee’s June policy meeting this coming week:Therein lies the question that the interest rate-setting Fed committee needs to answer for financial markets next Wednesday, at the conclusion of the FOMC’s two-day gathering. Whether ’tis nobler in…
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In my Monday column “One Bite, Everyone Knows the Rules!” I outlined my view that when (motley) fools rush in most investors’ are destined to have an adverse outcome. Indeed, the market silliness is now deafening at the end of a speculative cycle. I see a pivot in monetary policy and disappointing (relative to consensus) 2022…
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Hours before President Joe Biden’s April 28 primetime pitch for $4.5 trillion in infrastructure and social spending, Apple (AAPL) wowed Wall Street with its own big-spending plan — $90 billion in Apple stock buybacks. X But Apple was hardly the first big company to use fat recent profits to repurchase shares from investors. Just a…
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Sen. Elizabeth Warren put Jeff Bezos on blast following a bombshell ProPublica report that found billionaires including the Amazon AMZN, -0.08% founder have often legally avoided paying federal income tax by using loopholes in the system that favor the rich. When TMZ asked the Massachusetts Democrat what she thought about Bezos announcing that he will…
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