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The Wall Street Journal
Buying the Stock-Market Dip Is Backfiring. Investors Keep Piling In Anyway.
It is the worst year for buying the stock-market dip since the 1930s. Instead of rebounding after a tumble, stocks have continued to fall, denting a strategy that soared in popularity over the past decade.
Bloomberg
Trader Who Made Billions in 2008 Buys Pound Near All-Time Low
(Bloomberg) — A former hedge fund manager who shot to fame for a $2.7 billion volatility trading gain during the global financial crisis is buying the pound on a day when the currency slumped to an all-time low. Most Read from BloombergUK Market Selloff Slams Gilts, Pound, Piling Pressure on BOEJohn Paulson on Frothy US Housing Market: This Time Is DifferentBank of England Says Paper Banknotes Only Good for One More WeekWall Street Banks Prep for Grim China Scenarios Over TaiwanInterpol Issues
Bloomberg
John Paulson on Frothy US Housing Market: This Time Is Different
(Bloomberg) — John Paulson became a billionaire after his hedge fund effectively shorted more than $25 billion of mortgage securities at the dawn of the global financial crisis. As he sizes up yet another frothy housing market some 15 years later, the founder of Paulson & Co. says another downturn in US home prices may be in the cards — but the banking system is in a much better condition to handle it. Paulson sat down with Bloomberg for a wide-ranging interview at the Union League of Philadel
TheStreet.com
Elon Musk May Lose a Lot in Three Days
Tesla’s billionaire CEO has a chance to expand his influence, but he can also give his critics new ammunition.
Bloomberg
UK Market Selloff Slams Gilts, Pound, Piling Pressure on BOE
(Bloomberg) — Most Read from BloombergUK Market Selloff Slams Gilts, Pound, Piling Pressure on BOEJohn Paulson on Frothy US Housing Market: This Time Is DifferentBank of England Says Paper Banknotes Only Good for One More WeekWall Street Banks Prep for Grim China Scenarios Over TaiwanInterpol Issues Red Notice for Terra’s Do Kwon, Korea SaysThe selloff in UK assets went into overdrive on Monday, sending the pound to an all-time low, slamming government bonds and sparking talk of emergency actio
Yahoo Sports
NFL replacing Pro Bowl with week of skills competitions, flag football game
The Pro Bowl, which has been played since 1951, is no more. It will now be called “The Pro Bowl Games.”
SmartAsset
Putting 20% Down on a Mortgage May Be a Mistake
When you put 20% down on the purchase of a home, you don’t have to borrow as much money as someone whose down payment is only 5% or 10%. And as a result, your monthly mortgage payment may be considerably … Continue reading → The post This One Chart Shows Why Putting 20% Down on a Mortgage May Be a Mistake appeared first on SmartAsset Blog.
Motley Fool
Down 85%, Is There Any Hope for This Struggling Vaccine Stock?
In the early days of the pandemic, if there was one coronavirus vaccine stock investors were betting on, it was Novavax (NASDAQ: NVAX). The biotech stock soared more than 2,700% in 2020 as it developed its vaccine candidate. In the same timeframe, Pfizer shares hardly budged.
Motley Fool
Are Any of the FAANG Stocks Worth Buying?
For years, FAANG stocks (a phrase coined by CNBC’s Jim Cramer) were among the best-performing large-cap companies. While all five companies in the grouping are solid businesses, some of the stocks have performed much better than others recently, and only one has outperformed the broader market this year.
