If Warren Buffett wanted to pull a trick for the ages, he might announce that he's adding $10 billion of several cryptocurrency meme coins to Berkshire Hathaway's (NYSE: BRK.A) (NYSE: BRK.B) portfolio. Buffett has been a steadfast opponent of cryptocurrencies in the past. There are quite a few stocks of such businesses in Berkshire's current portfolio that have solid growth prospects. Read More...
Motley Fool
Why Baidu, Alibaba, and iQIYI Stocks Crashed Today
As the South China Morning Post (SCMP) reports, the U.S. Securities and Exchange Commission (SEC) just added five more China-based-but-U.S.-listed companies to its list of stocks at risk of delisting over disclosure concerns. Shares of Alibaba Group Holding Limited (NYSE: BABA), Baidu (NASDAQ: BIDU), iQIYI (NASDAQ: IQ), and Futu Holdings (NASDAQ: FUTU) are all down significantly in response. As of 10:30 a.m. ET, Alibaba stock is off 4.7%, Baidu 7%, and iQIYI 8.5%, and Futu Holdings is leading the sector lower with a 9.7% loss.
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