Category: News Wire

The most valuable cryptocurrency will someday be Ethereum (ETH). Why? Because it’s not just another digital form of money, like bitcoin (BTC). ETH has “real-world” utility and value. Its blockchain network is being used in decentralized finance (DeFi), to verify and secure our data, to “tokenize” other assets like stocks and real estate — and much more. So today, I’ll explain why this crypto is essentially the building block of a new, decentralized internet. And even Fidelity (the third-largest asset manager in the world) plans to invest in Ethereum, providing yet another piece of evidence that ETH is a top[…]

All your Banyan Edge gurus are gathering to reveal your biggest 2024 opportunities at the Total Wealth Symposium. And they want you to join them! (Reserve your seat now!) You’re not going to want to miss this. Ian King says we’re looking at a sizeable bull run in 2024 — that once again will be led by tech stocks. AI is a complete game-changer that’s creating amazing opportunities in every sector. And he plans to dish out his favorite ways to profit… Charles Mizrahi says there’s one sector in particular that he’s optimistic about for 2024. He’s going to reveal details[…]

Investors are hungry for yield… Actually, that’s an understatement. They’re the hungriest they’ve been in 20 years. A quick look at Google Trends shows that searches for the phrase “high yield” exploded fourfold earlier this year: It makes perfect sense. Sustained inflation, combined with the Federal Reserve’s interest rate hikes, made high-yield investments a staple of nearly everyone’s financial plan. But there’s a good and a bad way to “reach for yield.” As my colleague Chad Stone pointed out in Stock Power Daily last Friday, one of the best ways is to buy quality dividend stocks. Emphasis on “quality.” Chad[…]

Last Friday, Federal Reserve Chair Jerome Powell spoke at Jackson Hole, Wyoming. This is a traditional location for Fed chairs to make important pronouncements. The Kansas City Fed has hosted an annual conference in Jackson Hole since 1982. Officials started holding conferences a few years earlier. During that time, locations changed and the speeches didn’t generate much interest. In 1982, conference organizers decided to change that. They wanted a big name for the conference. At the time, no one was bigger in the global central bank community than Paul Volcker. That’s literally true. Volcker was 6 foot 7 inches tall.[…]

Happy Birthday, Warren Buffett! Today, Buffett turns 93 years young. Many people are a lot richer because of him. Buffett started a partnership in 1956 in his hometown in Omaha, Nebraska. His first investors were family and friends. If you were fortunate enough to invest $10,000 with him, it would now be worth over $370 million! That’s the reason Buffett is called the “Oracle of Omaha.” Buffett is also one of the greatest philanthropists of this generation. Beginning in 2006, he’s given steady annual payments to the Bill & Melinda Gates Foundation and to four foundations connected to his family.[…]

Interest rates aren’t going anywhere. Federal Reserve Chair Jerome Powell made his hawkish stance clear during last Friday’s Federal Reserve meeting at Jackson Hole, Wyoming. After months of economists’ debating, the Fed’s message is clear: Rates won’t be cut until we reach 2% inflation. “We keep at it until the job is done,” Powell said. While this isn’t exactly a relief, at least it’s definitive. But I also think he’s trying to take a page out of Paul Volcker’s playbook — when he raised the federal funds rate to 20% to kill off inflation. It was a drastic move that[…]

Before Silicon Valley became the tech mecca it is today, it was just a blip on the map. A small town in the middle of California. Many of those who invested in its success became multimillionaires (and even billionaires). So on today’s episode of The Banyan Edge Podcast, Amber Lancaster and I chat about how the arrival of Johnson & Johnson transformed her small town of Piscataway, New Jersey, in the ‘60s… How three Silicon Valley companies made massive profits in just five years, forever changing the landscape of the region… And how you can invest in the next “small-town[…]

When this small shop opened its doors in 1962, it was probably the last thing on any Wall Street banker’s mind… After all, it was located in Rogers, Arkansas — population 5,700. A local five-and-dime serving a small town is hardly anything to get excited about. But much to Wall Street’s surprise (and everyone else’s) this tiny shop grew into something much bigger. It streamlined supply chains and disrupted retail on a massive scale. In the process, it went on to reach $1 billion in sales faster than any company in history. Just three decades later, it was generating $1 billion a week in[…]

No matter how you feel about President Biden, there’s only one logical way to feel about his Inflation Reduction Act: Bullish on the future of energy. Despite the name, this legislation represents one of the largest spending packages in U.S. history. Of the $500 billion in planned spending, $369 billion is going straight into the transition to renewable energy — the White House’s top focus. But tucked away in the bill, beneath the reams of dollars headed straight for renewable sources like wind and solar, was a substantial tax credit for a highly efficient, safe, yet outright despised renewable energy[…]

Babe Ruth died 75 years ago. It’s likely that no one reading this ever watched him play in person. Yet many of us can picture him rounding the bases after a home run. We’ve seen news reel footage of Babe Ruth because he redefined baseball. He was the game’s first power hitter. He was a friend of presidents. On and off the field, he was a larger-than-life character. My focus is on how Babe Ruth can help us become better investors. He was different than the average player. This was proven by a study published in Popular Science. Researchers at[…]