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Wall Street Week Ahead: Chinese internet stock sell-off may shake faith in FANGs

A steep downturn in heavyweight Chinese internet stocks and recent weakness in half of the so-called FANG group have some investors worried that a key component of Wall Street’s near-decade long rally may be low on fuel. Outstanding gains in Facebook, Amazon, Netflix and Alphabet have underpinned much of the U.S. stock market’s rally in recent years, along with the broader tech sector, but the group is widely viewed as overbought and valuations remain expensive. Backed up by strong earnings growth and investor confidence in Silicon Valley’s innovation track record, the S&P 500 technology index is up 16 …read more […]

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Couples are more likely to divorce amicably if they're worth $5 million or more, says a divorce attorney

Rich American couples who have about $5 million are more likely to have an amicable divorce, says one divorce lawyer. This insight comes from writer Lauren Vinopal’s exploration on Fatherly of why the upper middle class — dubbed “the fighting class” — fights the most about money. Couples fighting about money is nothing new. …read more […]