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Here’s why billionaire John Paulson’s ‘worthless’ call might be right

Crypto crash: Here’s why billionaire John Paulson’s ‘worthless’ call might be right

It feels as though cryptocurrency has been deemed a worthless fad since Bitcoin first emerged from the guts of an anonymous engineer’s computer rig back in 2009.

While some of the criticism has come from the general public, who may not have a clear grasp on what cryptocurrencies are, how they work or why they possess any value whatsoever, some very clued-in financial minds have also questioned crypto’s rising prominence.

One such critic is billionaire investor John Paulson, who, in recent comments, called digital currencies a bubble

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The Wall Street JournalCardano’s Ada Is the Latest Cryptocurrency to Surge. Here’s What You Need to Know.Traders are abuzz about Cardano's ada token, which was named after mathematician Ada Lovelace and has become the third-largest …2 days ago

The Wall Street JournalCardano’s Ada Is the Latest Cryptocurrency to Surge. Here’s What You Need
to Know.Traders are abuzz about Cardano’s ada token, which was named after
mathematician Ada Lovelace and has become the third-largest …2 days ago… Read More

The stock market is falling. Here’s what to do, and what to avoid

The “Charging Bull” statue at Bowling Green in New York’s Financial District.

Drew Angerer | Getty Images

The U.S. stock market is hitting choppy waters, again.

This week, U.S. indexes slid on concerns that the Federal Reserve would begin to taper its monthly bond purchases before the end of the year. The S&P 500 and Dow Jones Industrial Average suffered their second-straight day of losses Wednesday, with the Dow falling more than 380 points for its worst performance in more than a month.

Some analysts are concerned that the market could be in for a correction – meaning a slump

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Will the Delta Variant Crash the Stock Market? Here’s What the Numbers Say.

The Nasdaq Composite Index rose 1.9% last week.


Jin Lee/Bloomberg

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Like Superman, the

S&P 500

appears unstoppable. Nothing—not the Federal Reserve, not the Delta variant, not even old-fashioned fear and greed—has been able to slow its rise. Of course, it just hasn’t found its Kryptonite yet.

It’s not just that the stock market had a good week: The

Dow Jones Industrial Average

advanced 352.51 points, or 1%, to 34,786.35, while the

Nasdaq Composite

rose 1.9%, to 14639.33, and the S&P 500 gained 1.7%, to 4352.34. All three ended the week at record highs.

For the S&P 500, Friday’s

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Some Vaccinated People Are Dying of Covid-19. Here’s Why Scientists Aren’t Surprised.

LONDON—As the Delta variant of the coronavirus surges through the U.K., almost half of the country’s recent Covid-19 deaths are of people who have been vaccinated. But doctors and scientists aren’t sounding the alarm about the apparently high proportion of deaths among the vaccinated population.

On the contrary, they say the figures so far offer reassurance that vaccines offer substantial protection against the variant, particularly after two doses. Delta, first identified in India, has since spread to at least 85 countries, including the U.S., where it is now estimated to be the most common variant.

The U.K. is a testing

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Refinancing student loans? Here’s the credit score you’ll need

If you’re considering a student loan refinance, here’s the credit score you’ll need, and some more details about refinancing requirements. (iStock)

Paying off student loans can always be a challenge but COVID-19 has made the process tougher for many borrowers. 

The Biden administration has taken steps to help student loan borrowers during this time, including suspending payments and interest on federal student loans. And it’s also considering other student loan reforms, such as possibly forgiving some debt. However, these efforts aren’t aimed at borrowers with private student loans. 

Those whose educational debt is owed to private lenders have

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Curious About Crypto? Here’s What 10 Financial Experts Think

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Everyday investors are overflowing with cryptocurrency questions, according to the financial advisors hired to answer them. 

There is clearly an “emotional euphoria that seems to be sweeping through the public around cryptocurrency,” says Frederick Stanfield, a CFP with Lifewater Wealth Management in Atlanta, Georgia. 

But for the average person focused on retirement planning and financial

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