By Dan Weil Ark funds bought Twitter in November, but have been regular sellers since late December, and the sales have grown this month. Investment luminary Cathie Wood’s Ark Investment Management unloaded almost 4 million shares of social media titan…
Match Group In the Metaverse: Is This The Future of Dating?
By Tony Owusu Match Group provided some color for the company’s metaverse ambitions in its fourth quarter earnings call. Online dating is heading into the metaverse with everyone else and Tinder parent company Match Group (MTCH) – Get Match Group, Inc….
Consumers Continue to Stockpile as Pandemic Ages
By Dan Weil The bulk buyers are worried about shortages and inflation. Inflation concerns make people buy before prices increase again. You may have noticed shortages of certain items at your local grocery store. Some of that is due to supply-chain dis…
Tesla’s Elon Musk Bet Billions on Bitcoin. Has it Paid Off?
By Luc Olinga Elon Musk’s company suffered an impairment loss of $101 million in 2021 linked to bitcoin, but it continues to believe in the future of crypto. The recent tremors in the crypto market haven’t changed Tesla’s confidence in bitcoin. On the …
Ukrainians Raise Bitcoin in Face of Possible Russia Attack
By Rob Lenihan Volunteer groups and NGOs have collectively received funds totaling just over $570,000, a new study finds, much of it over the past year. Facing the threat of a Russian invasion, Ukrainians are raising thousands of dollars for volunteer …
Apple Unveils ‘Square Killer’ Move Allowing iPhones To Make Single-Tap Payments
By Martin Baccardax Apple unveiled its new “Tap to Pay on iPhone” system Wednesday in a move many see as a significant challenge to the payments system from Square. Apple (AAPL) – Get Apple Inc. Report shares bumped higher Tuesday after the tech giant …
Bitcoin May Hit $200K in Latter Half of 2022 Despite Rough Start, Analyst
By Vidhi Choudhary Both bitcoin and ethereum could claw their way by into 2022, predicts stock research and market forecasts company FSInsight. All is not lost for bitcoin investors and evangelists. The world’s most traded cryptocurrency bitcoin, which…
KPMG Follows in Tesla’s Footsteps, Buys Bitcoin and Ethereum in Canada
By Rob Lenihan KPMG in Canada, an affiliate of one of the Big Four accounting firms, adds bitcoin and ethereum to its corporate treasury. Bitcoin and ethereum received a ringing endorsement after KPMG in Canada said it had added them to the firm’s corp…
Nvidia Stock Slides After Calling-Off $40 Billion Arm Takeover From SoftBank
By Martin Baccardax Softbank will retain a pre-paid $1.25 billion breakup fee after the collapse of its planned $40 sale of chip designer Arm Holdings to Nvidia. Nvidia (NVDA) – Get NVIDIA Corporation Report shares slipped lower Tuesday after it formal…
How to Make Money in an Inconsistent Market
By Brian O’Connell You need to find these kinds of stocks for this kind of market. How can traders react to an “extreme inconsistency” between indexes and individual stocks? The answer, says TheStreet’s James “Rev Shark” Deporre, is to find good counte…