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Wealth Manager Stocks Sink As Traders Flee Next AI Casualty

by The Wealth Advisor Contributor
An artificial intelligence tool aimed at creating tax strategies sparked a selloff in wealth-management stocks Tuesday.

Featured

The Shocking Reason This Analyst Says Michael Saylor And MicroStrategy Stock Will Take Bitcoin Prices To $0

Bitcoin (BTCUSD) just lost more than 50% of its value in a matter of months and is getting analyst attention again, albeit for all the wrong reasons.

Software Stocks Jump As Wall Street Pushes Back On 'Doomsday Scenario' For Industry

Software stocks mostly rebounded on Monday as Wall Street analysts pushed back against growing investor fears.

Blackstone Boosts Stake In AI Startup Anthropic To About $1 billion, Source Says

Blackstone is increasing its investment in the Claude chatbot maker Anthropic, raising its stake to about $1 billion at ‌a valuation of roughly $350B.

Recent

Commentaries

JPM Strategist: Plenty Of Room To Rally

Private bank strategist urges investors to "kind of think outside of the traditional core bond toolbox" for income but stocks themselves look good.

Commentaries

Goldman: 3 Market Risks Cloud 2021 Forecast

Goldman Sachs predicts another strong year for stocks in 2021, but warns three obstacles could stunt an expected economic rebound at an early stage.

Commentaries

Gravity-Defying Market Takes Comfort In . . . Earnings?

Citi and other big banks are raising their S&P 500 profit targets on the prospect of a fierce post-vaccine recovery. What else can anyone really say?

Commentaries

Sam Zell Slams Tesla, Bitcoin And Even USD

"The single greatest risk that we are dealing with today is the loss of the US dollar as the reserve currency," the real estate billionaire says.

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The Trust Advisor

Melinda Gates Says She Is 'Happy To Be Away' After Ex-Husband Bill Gates Accused Of 'Getting STI From Russian Girls'

The Trust Advisor

Wall Street Tycoon Accuses Wife Of Squandering His Fortune On Secret Lover In $100 Million Divorce Case

FundFocus

Tech Rotation Or Market Crash? What Top Strategist Is Buying Now

Washington Wire

Treasuries Fall As China Banks Asked To Limit Bond Holdings

FundFocus

Goldman Traders Warn Stock Selling Isn’t Over In Choppy Market

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