On paper, blockchain technology seems to be ironclad. An online distributed ledger that is entirely self-governed, immutable, anonymous and secure, there are near-limitless potential applications for the new technology. However, a crucial step in the development of any blockchain is the creation of governance mechanisms. This aspect of blockchain, whose responsibility lies with the founders and developers of
Month: May 2021
Nowadays, it’s very popular for younger investors to get their advice on social media forums or from YouTube financial gurus. To me, it sounds like the blind leading the blind. Every year, a new hotshot claims to have the inside path to profitable stocks to buy. And more often than not, the market eventually blindsides
A trader works at the Goldman Sachs stall on the floor of the New York Stock Exchange. Brendan McDermid | Reuters Goldman Sachs has formally kicked off the cryptocurrency trading era on Wall Street. The bank informed its markets personnel on Thursday that a newly created cryptocurrency trading desk had successfully traded two kinds of
The Roku 3 television streaming player menu is shown on a television in Los Angeles, California, U.S., on Thursday, Sept. 12, 2013. Patrick T. Fallon | Bloomberg via Getty Images Check out the companies making headlines in midday trading. Square – The payment company’s stock rose more than 6% after the company’s first-quarter earnings topped
For multiple reasons, I believe that Skillz (NYSE:SKLZ) stock looks to be meaningfully overvalued at its current levels. Therefore, I recommend that investors sell this name. Source: Dean Drobot/Shutterstock.com I’m not at all convinced that the popularity of esports in the U.S. will ever become strong enough to come close to supporting the current, high
What Happened to the Twilio Stock Price Today? Twilio (NASDAQ:TWLO) stock dropped more than 10% after the cloud communications company reported first quarter numbers that — while strong — included a weak second quarter guide that spooked investors. Source: rafapress / Shutterstock.com After the sell-off, TWLO stock has plunged more than 30% from its early
Despite the pandemic, some electric vehicle (EV) companies have been able to deliver, and among them is Xpeng (NASDAQ:XPEV). Although XPEV stock soared more than $70, it has been stalling lately. Source: Andy Feng / Shutterstock.com If you thought that the EV market is ready for a slowdown, you are wrong. The industry is expanding across
SEC Chairman Gary Gensler told CNBC on Friday the agency is looking into how commission-free retail brokerage apps encourage more stock trading and then make money off m the execution of those trades. “There is a little bit of a conflict of interest,” Gensler said on “Squawk Box,” one day after testifying about this issue
Traders on the floor of the New York Stock Exchange. Source: NYSE After April’s disappointing jobs report, market focus will shift squarely to inflation in the week ahead. The tug-of-war over tech stocks will also continue to be a dominant force in the stock market, after Friday’s bounce more than halved the week’s losses in
AT&T (NYSE:T) continues to face strong pressures on multiple fronts and the company’s longer term outlook appears to be particularly negative. As a result, I recommend that investors sell T stock into its recent strength. Source: Jonathan Weiss/Shutterstock Although AT&T reported better-than-expected first-quarter results on April 22, driven by the strength of its mobility business,
What Happened to the Square Stock Price Today? Square (NYSE:SQ) stock rose slightly after the payments technology company reported strong first quarter numbers that easily breezed past expectations and included sustained robust growth trends. Source: Jonathan Weiss / Shutterstock.com Despite the rally, SQ stock is still about 20% off its recent highs. Why It Happened
As with other relationship-driven businesses, every financial advisor faces the challenge of balancing the need to continuously grow their practice with attending to existing clients. The problem has become even more acute as basic financial advice, such as asset allocation and general stock picking, has grown more commoditized. In turn, this has increased fee pressures and lowered
What’s new with IBM stock? IBM (NYSE:IBM) announced a milestone in semiconductor manufacturing yesterday. Now, the company is able to produce chips that are just 2 nanometers thick. Source: shutterstock.com/LCV On top of that, IBM CEO Arvind Krishna recently joined the White House and members of Congress in endorsing the Endless Frontier Act. The bill
Dividend investors often gravitate towards certain sectors that are considered the safest in the market, including well-known sectors such as industrials or consumer staples. But in terms of growth, these sectors can often struggle, meaning investors may have to forfeit growth in exchange for stability. While that certainly has appeal for a lot of investors,
Server Nioka Mantilla arranges items in the buffet at the DoubleTree by Hilton Hotel on Penn Street in Reading, Pennsylvania, Friday morning May 7, 2021. Ben Hasty | MediaNews Group | Reading Eagle via Getty Images The stunningly disappointing April jobs report shouldn’t be taken as an indictment against the fast-moving economic recovery but shouldn’t
A help wanted sign is posted at a taco stand in Solana Beach, California. Mike Blake | Reuters The much-weaker-than-expected April jobs report reinforces the Federal Reserve’s easy policy stance, but some strategists still expect the central bank to signal in the next couple of months that it will slow down its bond buying. Economists
Sundial Growers (NASDAQ:SNDL) is one of many Canadian cannabis stocks that has become a hot stock on message boards and one of the “ground floor” opportunities in the sector. Source: Shutterstock But before we get into the particulars, I want to explain a broader point on this sector. The quote about let a hundred flowers
If you’ve been keeping up with vaccine news over the past year, Ocugen (NASDAQ:OCGN) stock is a name that may not sound familiar. That’s because the company is not a vaccine manufacturer, but creates gene therapies for eye diseases. Source: Shutterstock However, a deal to commercialize Bharat Biotech’s Covaxin in the U.S. puts the company
Shares of cryptocurrency miner Riot Blockchain (NASDAQ:RIOT) have been on a tear in the past 12-months. RIOT stock is up more than 3,600 in the past period. Source: Mark Agnor / Shutterstock.com It is coming off its most successful year in its business and investing heavily in its Bitcoin (CCC:BTC-USD) mining operations. Moreover, based on
CNBC’s Jim Cramer said Tuesday he owns ether, the world’s second-largest cryptocurrency by market value. “I’ve got a lot of ether,” Cramer said on “Squawk Box,” explaining he initially acquired it in order to bid on nonfungible tokens, or NFTs, being auctioned in March by Time magazine. “I didn’t get it, so I just kept
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