The extreme volatility in bitcoin or blockchain-related shares proves once again stock prices are not always efficient, but can be driven by human emotion instead of rational analysis. Several small stocks captured the speculative imagination of traders this week. Future FinTech soared as much as 200 percent intraday Tuesday as some speculated the company is […]
Read moreCNN is pulling its daily Snapchat news story, “The Update,” reportedly citing an unclear path to making money. The TV-style Snapchat show launched just four months ago and offered breaking news and headlines at 6 p.m. daily in the app’s Discover feature, which hosts paid publisher content. “Snap and CNN have built a great partnership […]
Read moreAmazon’s Alexa is getting more powerful by the day. On Friday, smart home start-up Blink said it agreed to be acquired by Amazon. Blink makes products like home security cameras and doorbells that are compatible with Amazon’s smart home line, Echo. Amazon told CNBC, “As one of their distributors, we already know customers love their […]
Read moreAs Uber gets ready for New Year’s Eve, typically the ride-sharing company’s busiest and most important night, the company’s head of operations in US and Canada, Rachel Holt, talked about the company’s turbulent last year and what lies ahead. Holt talked about how keeping the company running without a CEO provided an opportunity — amidst […]
Read moreYou can’t find Derek Kennedy, an emergency-room physician intern in Detroit, on Facebook. Nor will you find Mariah Prussia, a professional fighter and fitness center owner in North Dakota. At least not under their own real names. Last summer, their Facebook accounts were hijacked and the passwords were changed, locking them out. Both could only […]
Read moreCoinbase, one of the biggest bitcoin marketplaces in the U.S., said Friday that buying and selling was temporarily disabled amid a price rout in cryptocurrencies. “Investigating – All buys and sells have been temporarily disabled. We are working on a fix and apologize for any inconvenience,” Coinbase said on its status website at 11:11 a.m., […]
Read moreOptions traders are making bullish bets on Regions Financial and Bed Bath & Beyond as a way to play tax reform. Over the past week, investors have bought more than 37,000 calls at the January 20 strike price in Regions Financial, according to Jon Najarian, Najarian Family Office co-founder and “Halftime Report” contributor. These calls […]
Read moreOver the course of the last few months, Americans listened to the hyperbole from both sides of the aisle about the effects of tax reform and the consequences. Some of us feared nothing would get done. But to the surprise of many who saw Washington as dysfunctional, this congress has passed a tax reform act […]
Read moreSales of new U.S. single-family homes unexpectedly rose in November, hitting their highest level in more than 10 years, driven by robust demand across the country. The Commerce Department said on Friday new home sales jumped 17.5 percent to a seasonally adjusted annual rate of 733,000 units last month. That was the highest level since […]
Read more
Bitcoin plunged Friday, taking the digital currency briefly below $11,000 and down 44 percent from a record high hit at the start of the week. Bitcoin had rallied to a record high above $19,800 on Sunday and was trading near $15,500 for much of Thursday New York time, according to Coinbase. But an afternoon selloff […]
Read more