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Cryptocurrencies

“Bitcoin plunged 28%. Institutional investors bought the dip”

“Spot crypto exchange-traded funds show that many investors bought the dip this week. The sell-off in bitcoin and ether began earlier this week and wiped out $367 billion in value just as markets in Japan were nosediving. The next read… Continue Reading…

Energy, Stocks

“Sunnova CEO tries to reassure rattled investors after stock plunged 26% in worst day since March 2020”

“…Sunnova shares plummeted 26.7% Thursday after the residential solar company announced a $100 million at-the-market stock offering program. Sunnova’s market cap declined by $382 million in the worst day for the company since March 2020 and the second worst day… Continue Reading…

Banking, Stocks

“PacWest stock plunges 23% after losing 9.5% of deposits last week”

“Regional bank stocks fell again Thursday after troubled California lender PacWest (PACW) disclosed it lost 9.5% of deposits last week on a wave of new pessimism surrounding the industry. The Beverly Hills, Calif.-based institution first came under investor scrutiny following… Continue Reading…

Investing, Personal Finance

“Average 401(k) balances plunged 23% year-over-year due to market volatility, Fidelity says”

“The average 401(k) balance sank for the third consecutive quarter and is now down 23% from a year ago to $97,200, according to a new report by Fidelity Investments, the nation’s largest provider of 401(k) plans. The financial services firm handles more… Continue Reading…

Investing, Predictions, Opinions, & Comments

“Why CBL & Associates Properties Stock Plunged 27.6% in March”

“Shares of CBL & Associates Properties (NYSE:CBL), a real estate investment trust (REIT) focused on shopping malls, plummeted 27.6% last month, according to data from S&P Global Market Intelligence. (When we include dividends, shares dropped 24.1% in March.) The stock… Continue Reading…