If you thought bitcoin was hot, maybe you should learn about ripple. It’s another crytocurrency that’s been rocketing in popularity lately. While it was trading at around $0.20 a few months ago, it’s now worth more than $2.25 per coin. Ripple is a little different than many other popular cryptocurrencies because it was created by […]
Read moreShares of MoneyGram tumbled Tuesday after the U.S. government failed to approve a multimillion-dollar merger with Ant Financial, an affiliate of Alibaba. Ant Financial will pay a $30 million termination fee for the breakup of the deal, in which Ant Financial agreed to buy MoneyGram for $18 a share. MoneyGram shares were trading at around […]
Read moreSnapchat wanted its New Year’s Eve party to be so exclusive that it banned photos and blocked all snaps coming from the venue, according to The Daily Beast. Unfortunately for the company, the strict “no photos” regulation reportedly led the partygoers to turn to rival Instagram to document their experiences. Snap CEO Evan Spiegel personally […]
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Japan‘s bitcoin craze could help the country’s economic growth, research analysts at Nomura Instinet said. “We estimate the wealth effect from unrealized gains on Bitcoin trading by Japanese investors since the start of [2017], and estimate a potential boost to consumer spending of ¥23.2 billion to ¥96.0 billion” ($206.7 million to $855.4 million), Japan economics […]
Read moreApple said Tuesday that it agreed to buy start-up Buddybuild on Tuesday, a move that could improve the workflow for iOS developers — and thus help the company achieve its goal of dramatically boosting its software and services business. The acquisition was first revealed in a BuddyBuild blog post. Buddybuild integrates with common workplace software […]
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This year could prove to be another big year for biotech stocks after an impressive run in 2017. The SPDR S&P Biotech exchange-traded fund (XBI), was among the best-performing U.S.-listed ETFs last year, with a 43 percent annual gain. The only ETF that outperformed it was the iShares U.S. Home Construction ETF. A handful of […]
Read moreStocks are poised for another year of strong gains on the back of 2017’s big jump, according to a simple chart put together by strategists at Credit Suisse. The S&P 500 has gained more than 18 percent in a year 20 times since 1951, the chart shows. Those gains have been followed up by an […]
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Founders Fund, run by Peter Thiel, a PayPal co-founder and early Facebook investor, has bought millions of dollars in bitcoin, The Wall Street Journal reported Tuesday, citing sources familiar with the situation. Bitcoin rose more than 11 percent to trade near $14,711, according to Coinbase, amid the report. The venture capital firm bought about $15 […]
Read moreTesla’s Model 3 production challenges and continued cash burn will likely steal attention from solid deliveries of Tesla’s other models, says one analyst. Tesla early this week could announce deliveries of 2,250 Model 3 sedans, Cowen analyst Jeffrey Osborne estimates in a note Tuesday. That would be 75 percent less than Osborne had previously forecast, […]
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Stocks could pop nearly 20 percent in 2018 according to a contrarian indicator from Bank of America Merrill Lynch which predicted last year’s surprising surge. The investment bank’s so-called Sell Side Indicator measures the average equity allocation recommended by its fellow Wall Street bank peers. The indicator shows Wall Street is still not very bullish […]
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