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No matter where you look, there have been significant losses in global markets, but they have not been distributed evenly. The S & P 500 closed Friday with a market capitalization of $42.99 trillion, a two-day loss of $5.06 trillion or 10.5% compared to its market capitalization Wednesday night, when President Trump raised U.S. tariffs on imported goods. A more useful comparison is to compare the decline since the market hit its all-time high in mid-February. The S & P 500 large-cap stock index touched its record high the week of February 19, valued at $52.05 trillion. Since then, market…

On April 2, 2025, the Swedish Parliament, the Riksdag, made a historic decision to close the country’s last land-based casino, Casino Cosmopol, located in Stockholm. This decision comes after months of deliberation and is part of a broader move to phase out physical gambling in Sweden. The Riksdag’s vote marks the end of an era for land-based casino operations in the country, with the final closure scheduled for January 1, 2026.The law stipulates that no new operators will be allowed to obtain licenses for physical casinos, marking a clear shift towards online gaming, which has seen a rapid rise in…

France’s gambling industry recorded €6.4 billion in gross gaming revenue (GGR) during the first six months of 2024, marking an 8% increase year-on-year. The data, released by the Autorité Nationale des Jeux (ANJ), reflects robust performance across all three major regulatory segments: lottery games, online gambling, and land-based casinos.Among these sectors, online sports betting was a standout, continuing the upward trend from previous years. However, the first half also saw lottery and poker contribute significantly to the market’s overall performance. The industry continues to show resilience and adaptability, buoyed by consistent online engagement and strong player participation.Lottery Games Lead in…

The Gambling Regulatory Authority of Ireland (GRAI) has taken a significant step toward implementing the country’s new gambling licensing system, inviting operators and suppliers to register their interest ahead of the application window’s anticipated launch later in 2025.Following its formal establishment through the Gambling Regulation Act 2024, the GRAI has begun to lay the groundwork for issuing licenses that will govern most forms of gambling across the country. Excluded from the regulator’s remit is the National Lottery, which remains under the control of Premier Lotteries Ireland, a subsidiary of France’s FDJ, until 2034.The GRAI has launched an online survey to allow…

On March 26, 2025, JPMorgan Chase, in collaboration with Quantinuum, Argonne National Laboratory, Oak Ridge National Laboratory, and the University of Texas at Austin, announced a pivotal breakthrough in quantum computing.Their joint research, published in Nature, demonstrated the first successful generation of Certified Quantum Randomness, a milestone that will have profound implications for industries relying on randomness, such as cryptography, privacy, and high-level simulations.The Role of Quantum Computers in Generating Certified RandomnessTraditional computing methods rely on pseudorandom number generators, which, while effective, are not truly random and are susceptible to manipulation or breaches.However, quantum computers generate random numbers through quantum superposition,…

Melissa Lee Melissa Lee is the host of CNBC’s “Fast Money” (Monday-Thursday, 5PM-6PM ET; Friday, 5PM-5:30PM ET), which originates from the Nasdaq’s MarketSite studio in New York’s Times Square. “Fast Money” gives you the information normally reserved for the Wall Street trading floor, enabling you to make decisions that can make you money. She is also the host of “Options Action,” (Friday, 5:30PM ET), a weekly half-hour program that explains the advantages of options trading.In addition, Lee is a member of the ensemble cast of CNBC’s “Power Lunch” (M-F, 2PM-3PM ET).Previously, Lee was co-anchor of CNBC’s “Squawk on the Street”…

CNBC’s Jim Cramer said investors shouldn’t lose their heads when the market starts to rally. According to him, it’s crucial to stay focused, practice restraint and take some profits.”When the stock market’s had a big short-term run—short term—don’t get carried away by the optimism,” he said. “Instead, keep your head on straight, check your emotions, focus on the long-term, and think about ringing the register, especially on the stocks that might be getting too high.”Cramer said he knows it can be hard to sell into strength and no investor wants to miss out on one of their stocks soaring even…

To CNBC’s Jim Cramer, investors shouldn’t just bask in their gains when their stocks start to do well. It’s important to understand why a certain company soared, and wins aren’t always for reasons you think they are, he said.”It’s very helpful to understand why a stock you like is going up or down,” he said. “When you have a win, don’t lazily assume that you simply got it right — think about what it means if you were merely in the right place at the right time and please proceed with caution.”Sometimes a company will perform well for reasons not…

CNBC’s Jim Cramer said investors shouldn’t obsess over news that’s already widespread across Wall Street, but instead pinpoint trends not yet accepted in the broader market zeitgeist.”If you want to be a better investor, don’t tear your hair out fretting about the same things as everybody else,” he said. “Instead, you should worry about the things other people don’t seem to care about, because the real threat is the one that you don’t see coming.”Cramer mentioned one economic theory called the efficient markets hypothesis, which suggests that stock prices always reflect all the relevant information available and immediately adjust when…

CNBC’s Jim Cramer began his professional investing career at Goldman Sachs. While there, he began to learn the basics of how to make money on the market, namely the importance of figuring out one’s individual investing goals and keeping a diverse portfolio.  “From my early days at Goldman Sachs, I learned the core principles of investing, finding solid ideas to build a diversified portfolio to create long-term wealth in a way that suits the customer,” he said. “Consider yourself the customer of this show.”At Goldman, Cramer handled nondiscretionary accounts, meaning he worked on commission and needed clients’ approval to invest…