Amazon Facing Law Suit, Affordable Housing, Bitcoin Spikes $138,000

- is bitcoin making a comeback                                                                                                                                                                                                                                                                                                                                                                                                                 June 21, 2023 | [Read Online]( Check this out: - Trend Tracker - Up To Date News and Trends On The Stock Market 📈 - Hot or Not? - All Your Real Estate Needs 🏠- Crypto Chronicles - Basically the Avengers of Crypto! How Cool Is That? 🦸‍♂️ - Money Moves - Who doesn’t wanting to be making money moves? Latest on your Personal Finance. 📈 Trend Tracker [Tesla stock sinks as Barclays downgrades to equal weight,]( citing recent production challenges and rising competition.The electric car maker's shares fell more than 4% on Wednesday after Barclays analyst Dan Levy downgraded the stock, saying that recent production challenges and rising competition from rivals like Ford and General Motors have weighed on the company's outlook.Levy lowered his price target on Tesla to $900 from $1,200, saying that the stock is now "fully valued" given the company's current challenges. [The stock market mixed on Wednesday]( as investors weighed economic data that showed a slowdown in manufacturing activity against strong corporate earnings. The S&P 500 edged up 0.1%, while the Dow Jones Industrial Average and the Nasdaq Composite fell slightly. [Amazon is being sued by the FTC for allegedly tricking Prime customers]( into signing up for memberships and making it difficult for them to cancel. The complaint alleges that Amazon used deceptive practices, such as automatically renewing memberships without customer consent, and making it difficult to find the cancelation button. 🏠Hot or Not? [Home prices have skyrocketed in recent years,]( making it increasingly difficult for first-time buyers to afford a home. A new report from Harvard University found that about 2.4 million households have been priced out of homeownership over the past year. This is especially true for people of color, who are more likely to rent than own a home. [Employers are increasingly offering affordable housing]( to attract and retain workers. This is especially helpful in hard-to-staff sectors and in expensive resort towns. If you're struggling to find an affordable place to live, ask your employer if they offer any housing assistance programs. Crypto Chronicles 💥 [Investment bank Berenberg warns that stablecoins]( and decentralized finance (DeFi) are likely to be the next targets of a regulatory crackdown by the US Securities and Exchange Commission (SEC).The bank cited the recent collapse of TerraUSD (UST) as a wake-up call for regulators, who are now likely to focus on the risks posed by these two areas of the crypto market.Berenberg's warning comes as the SEC is already investigating a number of crypto companies, including Binance and Coinbase. [Bitcoin breaks $30,000 for the first time in a year!]( The world's largest cryptocurrency surged past the $30,000 mark on Wednesday, June 21, 2023, marking its highest price since July 2022. The move comes as investors continue to eye the cryptocurrency market for signs of a recovery. [Bitcoin price spikes to $138,000 on Binance.US](, a premium of over $100,000 over other exchanges. The sudden surge is unexplained, but some analysts believe it could be due to market makers leaving the exchange in anticipation of regulatory action. Others believe it is simply a technical glitch. Whatever the reason, the spike has caught the attention of the crypto community and is sure to fuel speculation about the future of Bitcoin. 💸 Money Moves 💰 [Used car values are finally starting to come down after months]( of soaring prices. This is good news for buyers, but it could also mean that sellers will have to accept lower offers for their vehicles. If you're in the market for a used car, now is a good time to start shopping around. [Auto repair shop owner Miles Walker retaliated against a former employee]( by paying him $915 in dirty, oily pennies. He was ordered to pay the employee $39,934 in back wages and liquidated damages, and was also found to have violated Fair Labor Standards Act overtime provisions. [Taxpayers rejoice! The IRS reports that the 2023 tax season](was a vast improvement over 2022. Refunds arrived more quickly, customer service improved, and the backlog of paper returns was significantly reduced. You got it! Alright, financial mavericks, it's time to wrap up today's discussion. But fear not, we can keep the conversation going like the true money mavericks we are. Share Financial Maverick Calling all Financial Mavericks! To help out a family and friend in need by sharing this newsletter. Tell you what if you ever wanted to be a Hero, Financial Guru, or a Nice Person this is your time! [Click to Share](https:?utm_source=blog.financialmaverick.com&utm_medium=newsletter&utm_campaign=amazon-facing-law-suit-affordable-housing-bitcoin-spikes-138-000) Did today's newsletter hit the spot? 😉 - [Heck Yeah! Money Moves!]( - [Nah! Was More like Financial Dumpster]( DISCLAIMER: None of this is financial advice. 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