Bitcoin Price Drops. Altcoins Are Holding Up Better.
07/28/2023 18:36
Bitcoin was falling on Friday and on track for its lowest levels in more than a month. Altcoins look to have held up better in the latest fall.

TipRanks
Down More Than 40%: Analysts Say Buy These 2 Beaten-Down Stocks Before They Rebound
Reverse psychology can be considered a desired quality in the stock market. It is only natural to gravitate toward the leaders in any field, and an investor’s urge to hop on the latest surging stock in search of those sweet gains is understandable. However, anyone familiar with the ins and outs of investing will repeatedly say that overused mantra: ‘buy low, sell high.’ In recognizing that low price, investors can turn to Wall Street’s pros for help. The analysts have been busy lately, picking o

Reuters
Enphase Energy slumps as lukewarm US demand weighs on revenue forecast
Appetite for solar equipment has been tepid in the United States due to lukewarm demand in states such as Texas and Arizona where cheaper electricity prices make the economics of residential solar less attractive. Shares of rival SolarEdge Technologies Inc, which is expected to report results on August 1, slid 6.3%.

SmartAsset
Can I Really Live Off The Interest of My $1 Million Portfolio?
Once you have $1 million in assets, you can look seriously at living entirely off the returns of a portfolio. After all, the S&P 500 alone averages 10% returns per year. Setting aside taxes and down-year investment portfolio management, a … Continue reading → The post How Much Interest Can You Earn on $1 million? appeared first on SmartAsset Blog.

SmartAsset
A $1.5 Million Annuity Will Get You This Much Annually
Annuities are a form of hybrid financial product. Part investment and part contract, they're primarily sold by insurance companies as a way to save for retirement. While in recent years they have come under criticism for below-market returns, many retirees … Continue reading → The post How Much Would a $1.5 Million Annuity Pay? appeared first on SmartAsset Blog.

Barrons.com
These Stocks Are Moving the Most Today: Intel, Ford, Exxon, P&G, Roku, Enphase, Sleep Number, and More
Intel reports a surprise second-quarter profit, Ford delays its electric-vehicle production goals, Exxon's adjusted earnings miss forecasts, Roku posts a narrower-than-expected loss, and Enphase Energy's revenue forecast disappoints.

The Wall Street Journal
Yellow in Talks to Sell Its Logistics Business
Trucking company Yellow said it is in talks with multiple parties about selling Yellow Logistics as the financially ailing operator seeks to raise cash. Yellow didn’t say who the company is talking with but said in a statement Thursday that discussions are “active and ongoing.” Shares of Yellow initially rose in post-market trading before falling back to 57 cents a share, where they closed the regular session, down 44%.

Bloomberg
Hawkish Tone in Japan Is All It Takes to Rattle Global Markets
(Bloomberg) -- It didn’t take much to reveal just how fearful global markets are about a change in Japan’s ultra-loose monetary policy.Most Read from BloombergLargest US Grid Declares Emergency Alert For July 27BOJ Sends Yields Soaring With Surprise Change to Rate LimitSubway Offers Free Sandwiches That Come With a Lifetime CommitmentChina’s Push to Expand BRICS Membership FaltersHawkish Tone in Japan Is All It Takes to Rattle Global MarketsNews the Bank of Japan was mulling a hawkish tweak to y

Reuters
Atos shares plunge after costs from planned split deepen loss
(Reuters) -France's Atos on Friday reported a wider half-year operating loss due to restructuring costs related to its planned split, sending its shares plunging as much as 20%. The struggling tech group is in the process of splitting into two separately listed companies, consisting of its cybersecurity and digital transformation unit Eviden and loss-making legacy services branch Tech Foundations. Atos reported first-half operating loss of 434 million euros ($475.6 million), against a loss of 298 million last year, citing a 430 million euro write-down from the reorganisation.

Bloomberg
A $3 Trillion Threat to Global Financial Markets Looms in Japan
(Bloomberg) -- (This story was originally published on March 29. Bank of Japan policymakers meet today, with investors speculating that they will loosen their tight grip on interest rates.)Most Read from BloombergLargest US Grid Declares Emergency Alert For July 27BOJ Sends Yields Soaring With Surprise Change to Rate LimitSubway Offers Free Sandwiches That Come With a Lifetime CommitmentChina’s Push to Expand BRICS Membership FaltersHawkish Tone in Japan Is All It Takes to Rattle Global Markets

The Wall Street Journal
Trucker Yellow Prepares to File for Bankruptcy as Customers Flee
Trucking company Yellow is preparing to file for bankruptcy, according to people familiar with the matter, heightening the threat that one of the nation’s largest freight carriers will shut down as customers abandon it amid a cash crunch and union negotiations.