By Rob Lenihan IRA Financial discovered ‘suspicious’ activity that affected some customers relying on the Gemini Trust Co. crypto exchange. Hackers have reportedly stolen roughly $36 million in cryptocurrency from IRA Financial Trust. The hackers drain…
Burger King, Tim Hortons Help Restaurant Brands Top Q4 Earnings,
By Martin Baccardax Solid gains from Burger King, as well as a big increase in online sales, helped offset weakness at Popeye’s and deliver stronger-than-expected fourth quarter earnings for Restaurant Brands International. Restaurant Brands Internatio…
Why Spotify Backed Joe Rogan (and Why Streaming Can’t Make Money)
By Michael Tedder Spotify views podcasts as its road to profitability. Is Rogan standing in the way of that? Spotify (SPOT) – Get Spotify Technology SA Report Chief Executive Daniel Ek recently affirmed that the streaming-music and podcast service woul…
GM Wants to Prove It Can Keep Up with Tesla and Ford
By Luc Olinga The Detroit giant has multiplied by 6 the number of electric vehicles (EVs) it intends to produce between 2022 and 2023. Demand for electric vehicles is strong despite a still tiny market share. In addition to infrastructure, most EV manu…
Buy the Dip: Chewy, Cullen/Frost, Cleveland Cliffs
By Brian O’Connell As inflation surges and geopolitical tensions mount, a look at some recent dip stocks worth considering. Raging inflation is hampering U.S. global economic recovery efforts, with investors growing increasingly skittish on stock purch…
Insurance Companies Stop Airspace Coverage in Russia-Ukraine Conflict
By Veronika Bondarenko The brewing Ukraine-Russia conflict can prove very costly for the airline industry. Days after U.S. and Canada ordered most diplomats out of Ukraine amid heightened risk of Russian invasion, insurance companies also started pulli…
Economic Polar Vortex Possible; Look to Large-Cap Quality Stocks: MS
By Dan Weil The slump in U.S. consumer confidence shows the economy and earnings are at risk, Morgan Stanley says. But it has some stock buys in mind. Last week’s news of weakening consumer confidence bodes ill for the stock market, according to Morgan…
This $19.5M Idaho Ranch is Catnip For ‘Yellowstone’ Fans
By Riley Gutiérrez McDermid This may be as close to the Dutton Ranch as you’re going to get. Looking for a legacy property that can rival Kevin Costner’s hit show? Then this mega-ranch near Sun Valley might fit the bill. With seven bathrooms and four b…
Virtual Lingerie, Virtual Big Mac: Victoria’s Secret, McDonald’s to The Metaverse
By Rob Lenihan Victoria’s Secret and McDonald’s join a growing list of companies looking to set up shop in the metaverse. What do Ronald McDonald and Victoria’s Secret have in common? Both are apparently carving out space in the metaverse. The intimate…
What Is Intrinsic Value? Definition, Formula, and Applications
By TheStreet Staff What Is Intrinsic Value? Who Uses It?A value investor is always looking for that diamond in the rough company that, for whatever reason, is currently trading below its true worth, or intrinsic value. Their goal is to establish a posi…