By Rob Lenihan Is the metaverse a mine of future revenue for businesses or just the magic word of the moment? The beginning of the year was marked by a cascade of corporate announcements about their plans for the metaverse, the cryptosphere and NFTs. F…
AutoNation Ends a Popular Product for Car Shoppers
By Rob Lenihan AutoNation’s CEO says ‘significant discounting and high incentives can damage a brand.’ AutoNation (AN) – Get AutoNation, Inc. Report will not be discounting new vehicles as the nation’s largest car-dealer chain contends with production …
Sequoia, VC Firms Continue To Bet Big on Crypto Despite Slump
By Vidhi Choudhary Sequoia is the latest to invest in a separate crypto fund, a sign that crypto growth will probably outlast this phase of market volatility. Cryptocurrencies might be posting losses for its investors right now but there is enough mone…
Burger King Has Its Biggest, Priciest Burger Ever
By Veronika Bondarenko The fast-food giant has a history of offering really big food. Restaurant Brands International’s (QSR) – Get Restaurant Brands International Inc Report Burger King has gone big before. In 2016 it offers a monstrosity called the E…
What Are Mutual Funds and How Do They Work?
By TheStreet Staff What Is a Mutual Fund? A mutual fund is essentially a professionally managed portfolio of stocks and/or other securities funded with a pool of capital sourced from many individual investors. Each investor receives gains, interest pay…
Cathie Wood’s Flagship Ark Fund Hits 20-Month Low
By Dan Weil Anticipation of interest rate hikes by the Federal Reserve is putting the kibosh on the stocks of young technology companies. Chicago Cubs fans used to say that any team can have a bad century. And now investment star Cathie Wood, chief exe…
Fed Adopts Rules Banning Its Officials from Trading Stocks, Crypto
By Dan Weil The rules stipulate that Fed officials can’t purchase individual stocks, cryptocurrencies or commodities. Stung by the questionable trading activity of three former Federal Reserve officials, the Fed’s policymaking Federal Open Market Commi…
Coca-Cola Wants to Be SpaceX? (Not Exactly)
By Veronika Bondarenko The soft drink giant has something new planned. If you haven’t slept through the last year, you’ve probably noticed the snowballing hype around all things space.In another major milestone toward making going to space no different…
Travel Boosted as Omicron Eases and Consumers Open Wallets
By Dan Weil The easing of the Covid omicron variant has led people to feel more comfortable about getting away for vacations. Now that the omicron Covid variant is waning, consumers are going out and spending, as was evident in the 3.8% rise in retail …
Cathie Wood’s ARKK Fund Looks for a Bottom. Here’s How to Trade It.
By Bret Kenwell Cathie Wood’s ARKK Fund has been decimated and the bulls hope it’ll find a low. Here are the levels that matter now. In the battleground for growth stocks, the bulls lately haven’t put up much of a fight. High-growth stocks have been ge…