5 Best Stories on Real Money: Cramer s $100K Withdrawal, Pillars of Great Trading
Here are five must reads from Jim Cramer, James Rev Shark DePorre , and the team at Real Money/Real Money Pro!
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Apr 14, 2021 10:01 AM EDT
There are seven reasons why Jim Cramer took money out of the market for his Action Alerts PLUS charitable trust.
Inflation is on every fund manager s mind, but how big a problem will it be and will it stick around? The foundation of market success is comprised of five trading pillars.
Looking at tech stocks and Treasuries we can see trends spanning over several months that can be thwarted by a trend that spans over years.
LG Electronics Opts to Kill Off Its Smartphone Business The Korean conglomerate, once the world s third largest mobile phone maker, failed to find a buyer for its loss-making business.
Korean electronics conglomerate LG Electronics on Monday announced its decision to kill off its smartphone operation. The board of directors approved the drastic move on Monday after LG failed to find a buyer for the business.
LG shares rose 2.8% at the open in Seoul on Monday on word that the company would cut its losses. But they gave that back and ended on a 2.5% loss on a day the Seoul market narrowly gained. The mobile phone business has lost some US$4.5 billion over the course of the almost six years in the red.
U.S. Sanctions 24 Chinese and Hong Kong Officials Over Civic Rights This comes immediately prior to the first high-level meeting between U.S. and Chinese officials.
Mar 17, 2021 | 07:00 AM EDT
The United States has today deployed sanctions against 24 Chinese and Hong Kong officials for undermining Hong Kong s ability to govern itself and elect its own government. It s the first direct action against China from the Biden administration, and comes at a vital time, right as U.S. Secretary of State Antony Blinken is visiting the key Asian allies of South Korea and Japan on his first overseas trip.
It s a symbolic first step that shows the administration of new U.S. President Joe Biden will go toe-to-toe with Beijing. There are major concerns here in Asia that Biden will take it easy on China, given the light touch deployed by the Obama administration in which he served as vice president. But times have changed, and so too, perhaps, has Biden s willingness to appease Beijing.
Cathay Pacific, Hong Kong's flagship airline, burned tons of cash in 2020 to produce a record loss for the year, in part because flight crews have had to spend a couple weeks in quarantine each time they fly; the airline holds out hope a Chinese "vaccine passport" experiment works.