After leading Coinbase’s $100 million financing round last year, venture capitalist Todd Chaffee is closely eyeing other blockchain companies, but he’s less inclined to bet on cryptocurrencies. Coinbase is a crypto trading platform that provides a place for investors to store their digital currencies. According to a story earlier this week from Recode, Coinbase surpassed […]
Read moreJust over 24 hours since no-fee stock trading app Robinhood announced it would roll out free digital currency trading in February, 530,000 and counting have signed up to “get early access.” That surge of interest has quickly brought out the critics: skeptics of bitcoin‘s skyrocketing price and Robinhood’s ability to provide fair prices for customers. […]
Read moreAlphabet has “the most hidden value of all the mega-caps,” MKM Partners’ Rob Sanderson writes in a new note to investors. MKM reiterated its buy rating on Alphabet shares, in part because of the company could be poised for a large capital returns program. Recently passed tax reform could free up some of Alphabet’s $61 […]
Read moreSpecial counsel Robert Mueller’s staff has interviewed at least one member of a Facebook team associated with President Donald Trump’s 2016 presidential campaign, according to a new report in Wired, which cited a person familiar with the matter. The interview was part of Mueller’s Department of Justice probe into Russian interference in the 2016 U.S. […]
Read moreThe controversy over in-game microtransactions will have a lasting negative impact on game publishers, according to one Wall Street firm. Cowen reiterated its market perform ratings for Activision Blizzard’s and Electronic Arts’ shares, citing increasing development costs. “Game development times are getting longer, and R&D costs are growing faster than they had previously,” analyst Doug […]
Read moreBig Macs and lattes will be purchased by cryptocurrencies sooner than you might think, according to venture capitalist and bitcoin fanatic Tim Draper. “In five years, if you go to a Starbucks or McDonald’s and try to buy a burger or coffee with fiat currency, the person at the counter is going to laugh at […]
Read more
U.S. officials created a small firestorm with their dollar comments in the chilly air of Davos this week, but a much more important factor for the future of the currency will be what they say and do about trade when they leave Switzerland. Strategists say the dollar could consolidate now after its latest bout of […]
Read moreSo long millennials. Baby boomers are the next big growth opportunity for tech, particularly for internet companies tied to smartphone use, according to Evercore ISI Senior Media and Internet Analyst Anthony DiClemente. “As you think about saturation of the younger demographic, [boomers are] a demographic, along with international, that could really drive the growth,” DiClemente […]
Read moreGrowing up in the investment business, I learned cynicism from some great investors. I try to apply it every day, because trust and gullibility are two key ingredients for a short investment career. We look carefully through what others call “trash” and search for flaws undetected in “darlings.” I cringe at throwaway expressions that symbolize […]
Read more
Oil prices could tumble as much as $8 a barrel in the coming weeks as one of the three legs propping up an unexpected rally looks “wobbly,” Societe Generale’s Mark Keenan warned on Friday. The rally in oil prices has exceeded many analysts’ expectations, leading to a flurry of revised forecasts as benchmark crude futures […]
Read more