As we close in on the end of the summer, one of Wall Street’s longest-running and widely followed prognosticators says the U.S. market is “overdue” for a 5 or more percent drop. But CFRA’s chief investment strategist, Sam Stovall, does not believe stocks are about to enter any sort of bear market. Stovall blames “geopolitical […]
Read moreDavid Sacks is one of the best known entrepreneurs and investors in Silicon Valley. He was the COO of PayPal more than 15 years ago, which made him a charter member of the so-called PayPal Mafia, a group of influential Silicon Valley investors and execs that also includes LinkedIn founder Reid Hoffman and early Facebook […]
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A GOOD business name can be pricey. An entrepreneur looking for the perfect one can hire a naming agency to offer ideas, but that can cost tens of thousands of dollars. That may explain why many founders follow the example set by the American President and name their businesses after themselves. A recent article* by […]
Read moreOn the page of any Sarahah user, you’ll find a simple prompt: “Leave a constructive message :)”. The flashing cursor, trapped in a text box, invites you to pour whatever thoughts you have about that person, good or bad, into an anonymous feed. Your deepest, realest thoughts, ready to be delivered, guilt free. Sarahah, created […]
Read moreSnap shares rose more than 9 percent Monday morning in volatile trade, reversing earlier losses. Shares had fallen 4 percent in early trading after U.S. securities filings showed some funds dissolving their stakes in the social media company and another brokerage lowered its price target on the stock. Shares of the Snapchat parent are likely […]
Read moreEssential, the new phone startup from Android founder Andy Rubin, is now a unicorn, according to reports from Bloombergcolumnist Tim Culpan over the weekend. If you’re not up to date on the parlance of Silicon Valley, a unicorn is a company that’s valued at over $1 billion dollars, which is no small feat in today’s […]
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Bitcoin hit a fresh record high on Monday, continuing the rally from the weekend thanks to strong Japanese demand. The price of bitcoin hit $4,330.71, setting a fresh all-time high and surpassing the record $4,225.40 hit on Sunday, according to data from industry website CoinDesk. In the last week alone, bitcoin has added over $15 […]
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Longtime stock researcher Ronnie Moas raised his price target on bitcoin by $2,500 Monday after the digital currency hit an all-time high over the weekend. “What’s happening is the floodgates are opening,” Moas, founder of Standpoint Research, said in a phone interview with CNBC Monday. “I believe there are hedge funds and very deep-pocketed individuals […]
Read moreWall Street’s “dean of valuation,” Aswath Damodaran, says he is perplexed over why a cash-burning company like Tesla is choosing debt to raise money over stock. “There is much to admire in the Tesla story but there is one aspect of the story that I find puzzling, and if I were an equity investor, troubling. […]
Read moreGoogle is paying Apple billions of dollars to remain the default search engine on iPhones and iPads, Bernstein said in a note to investors on Monday. The firm believes that Google will pay Apple about $3 billion this year, up from $1 billion just three years ago, and that Google’s licensing fees make up a […]
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