Goldman Sachs is out with a call on bitcoin, and chart analyst Sheba Jafari expects the digital currency could rise as high as $3,915. That would be 52 percent above Monday’s price of about $2,567. “The market is in wave [four] of a sequence that started in the late-’10/early-’11 lows,” Jafari wrote in a Sunday […]
Read moreLike 21% of Americans, I’ve listened to a podcast in the last month. For me, these have helped transform a meaningless commute time into idea generating time. As someone most interested in investing in public tech and media companies, I tend to gravitate to podcasts that delve into these areas. That usually means I scan […]
Read moreFrench President Emmanuel Macron on Monday said he would go directly to voters via referendum if parliament does not vote major institutional reforms quickly enough. In a much-touted policy speech to both houses of parliament which was strong on broad principles but carried little concrete announcements, the new president confirmed he wanted to add a […]
Read moreFour former top Barclays executives appeared in court in London on Monday to face charges that they conspired to commit fraud during the bank’s 12 billion pound ($15.56 billion) emergency fundraising in 2008. Former Chief Executive John Varley along with Roger Jenkins, Tom Kalaris and Richard Boath were charged by Britain’s Serious Fraud Office last […]
Read moreStarbucks shares have fallen nearly 10 percent in the past month, but one top technician says the coffee chain is poised for a breakout. The stock “has been weak and may have some bounce potential,” Carter Worth of Cornerstone Macro said Friday on CNBC’s “Options Action.” While analyzing Starbucks charts, Worth pointed out a specific […]
Read moreThe unemployment rate is at a 16-year low and major stock indexes are scraping the heavens — but former Labor Secretary Seth Harris says he has reason to doubt the strength of the job market. “To me the big number is always wages, real wages,” said Harris, who served during the Obama administration. Real wages […]
Read moreKGI analyst Ming-Chi Kuo — often cited for his insider knowledge on A’s movements — recently published a new investor note laying out his predictions for the iPhone 8. Kuo’s track record has been pretty solid recently; he noted Apple’s plans to release a new 10.5-inch iPad Pro, a new 12.9-inch iPad Pro and a […]
Read moreThe recent shift from skepticism to optimism may be the first sign of market euphoria that is typical toward the end of bull markets but has been notably absent thus far in the cycle. The Sell Side Indicator – which measures Wall Street’s bullishness on stocks – has rebounded since an all-time low of 43.9 […]
Read moreDave McClure, the founding partner of startup incubator 500 Startups, said in a blog post today on Medium that he deserves to be called a “creep” because of his actions. His apology is a response to a New York Times article that reported on an inappropriate Facebook message to entrepreneur Sarah Kunst while she was […]
Read moreA deal between Google’s artificial intelligence (AI) firm DeepMind and the U.K.’s National Health Service (NHS) “failed to comply with data protection law”, a key British regulator said on Monday. DeepMind — which Google acquired in 2014 — struck a deal in 2015 with the Royal Free NHS Foundation Trust which runs a number of […]
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