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- Yahoo Finance Video
Meme stock trading, home prices, small business optimism: Wealth!
In today's episode of Wealth!, Anchor Brad Smith walks you through the biggest trends impacting consumer savings and expert opinions on the top strategies to build your personal wealth. President Biden deployed a swift series of tariffs against Chinese imports, expected to place new tax rates on up to $18 billion worth of goods, including EVs, semiconductors, and solar panels. Yahoo Finance's Rick Newman and Pras Subramanian detail where these new tariffs will materialize most noticeably for American consumers. Watch Yahoo Finance's broadcast of the White House event where President Biden spoke on the tariffs, or catch Executive Editor Brian Sozzi's exclusive interview with President Biden discussing what these new trade policies hope to achieve. GameStop shares (GME) are leading the way in what many are calling the second coming of the 2021 meme stock frenzy. YouTube Host Matt Kohrs joins Yahoo Finance to discuss the re-emerging trend, calling it a form of "social rebellion" that has no respect for the fundamentals of traditional stock trading. Chase Business Banking CEO Ben Walter also sits down with Brad Smith to talk about small business optimism and how small business owners are looking long-term to "cycle proof" their enterprises against any sort of economic variances. This post was written by Luke Carberry Mogan.
- CoinDesk
Crypto Old-Head Otoh Talks Casascius Bitcoins, Tax Havens and Old Friends
The pseudonymous investor – early to both Ethereum and Litecoin – has lived large. He is a speaker at this year’s Consensus festival in Austin, Texas, May 29-31.
- Yahoo Finance Video
How to start investing in crypto: Strategist
Ric Edelman, founder of the Digital Assets Council of Financial Professionals, joins Wealth! to explain how first-time investors should enter the cryptocurrency market. He points to spot bitcoin ETFs as a great place to start: "They're just like any other ETF, which everybody's familiar with. Buy them in an ordinary brokerage account. They're incredibly inexpensive." He warns that Bitcoin (BTC-USD) is still very volatile, so investors should "stay focused long-term, don't over-invest, and don't invest for the wrong reasons." Edelman explains that more cryptocurrency ETFs will hit the market, as ethereum (ETH-USD) currently has several applications pending. "I'm not sure how quickly you'll see anything else after that, but [bitcoin and ethereum] will open the doors long term. Five years from now, there will be dozens, perhaps even hundreds, of crypto ETFs," he adds. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Melanie Riehl
