These Stocks Are More of a Gamble Than an Investment — and the #1 Is a Reddit Favorite
As with seemingly everything in markets these days, it all ties back to the Reddit Wall Street Bets message board.No, we’re not talking aboutGameStop. Rather, Castor Maritime . The dry-bulk commodities transportation firm was trading around 20 cents earlier this year until it was swept up in momentum as users of the message board recommended the company, sending shares as high as $1.95.The stock was identified as a potential gamble using methodology from recently published research paper—from Al
Morgan Stanley becomes the first big U.S. bank to offer its wealthy clients access to bitcoin funds
The investment bank told its financial advisors Wednesday in an internal memo that the bank is launching access to three funds that enable ownership of bitcoin, according to people with direct knowledge of the matter.Two of the funds on offer are from Galaxy Digital, the crypto firm founded by Mike Novogratz, while the third is a joint effort from asset manager FS Investments and bitcoin company NYDIG.The bank is only allowing its wealthier clients access to the volatile asset: The bank consider