April 20, 2021

Investors

Indian finance minister says digital currency bill will protect investors

India’s Finance Minister has said the upcoming digital currency bill will aim to protect investors from the volatility in digital currency markets, in the latest commentary on the ongoing progress of the legislation.

Indian Minister of State for Finance and Corporate Affairs, Anurag Thakur, said the government would put investors at the forefront of their legislative effort, though it remains unclear exactly how they intend to protect investors.

“The fluctuations in the price of cryptocurrencies are so high—unlike that of fiat currencies—and that has an impact on the investors. So we need to keep investor protection in mind while framing

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Apple launches $200 million forestry fund it says will bring financial return for investors

Apple has created a $200 million fund designed to remove carbon emissions from the air and support the sustainable forestry the company uses to package iPhones and more. Yet the fund will still generate a financial return for investors.

Called the Restore Fund, the effort launched with Goldman Sachs
GS,
+1.11%,
who’ll run the investment portion, and nonprofit Conservation International, aims to remove 1 million metric tons of carbon dioxide from the atmosphere each year. That’s equivalent to more than 200,000 passenger cars annually, Apple
AAPL,
-0.25%
said this week.

The project is also meant to show other for-profit

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How much money should I spend on Coinbase stock? Financial advisers offer guidance to young investors

There’s investing with “play money” and then there’s playing with fire.

As Coinbase, the cryptocurrency exchange, goes public, financial advisers want you to remember the difference.


With retail investor ranks swelling, there’s growing allure in finding and profiting off the next new thing.

Enter Coinbase
COIN,
+5.96%,
a platform with 56 million verified users that enables the purchase and sale of crytpocurrencies such as Bitcoin
BTCUSD,
-3.13%
and Ethereum, which appear to just keep increasing in value.

When Coinbase shares hit the market Wednesday afternoon, they were initially priced at $381. Within the first hour of trading,

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Investors have put more money into stocks in the last 5 months than the previous 12 years combined

Traders work on the floor of the New York Stock Exchange.

NYSE

The latest wave of market enthusiasm has brought with it a stunning rush of money, in which more of investors’ cash has gone to stock-based funds in the last five months than the previous 12 years combined.

That statistic, from Bank of America, reflects a period in which the Dow Jones Industrial Average has risen more than 26%.

At the same time, the market has undergone some wild trends that included a massive influx to meme stocks such as GameStop and AMC Entertainment Holdings. Trading volume rose 40%

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Finance Giant WFC Stock Banks On 91% EPS Rebound In 2021| Investor’s Business Daily

Wall Street foresees a strong economic rebound in 2021, with financial giants Bank of America (BAC), JPMorgan Chase (JPM) and Citibank (C) all expecting big growth this year. But Wells Fargo (WFC) tops all the big banks in terms of estimated EPS gains.




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While one of the country’s largest banks, Wells Fargo hasn’t posted a quarter of positive growth for both the top and bottom lines since Q2 2019. But investors are banking on a strong rebound.

For 2021, Wells Fargo sees earnings growth of 91%, followed by a 26% rise

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Ken Griffin denies Citadel uses personal information from retail investors

Citadel CEO Ken Griffin dismissed as “flat out false” the accusation that his firm improperly uses information it garners from its market-making operation.

Griffin spoke in an interview with CNBC on Friday, one day after Citadel and other market makers came under scrutiny from Congress about their role in last month’s GameStop mania.

“I think there’s been a number of misperceptions about the data we receive from the brokerage community. In fact, a prominent U.S. senator asked us specifically about what personal identifying information do we receive from retail investors. The answer is none,” Griffin told “Squawk Box” co-host Andrew

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