The looming era of ‘not particularly positive’ returns Unless your name is Meta (FB) or Peloton (PTON), the fourth quarter earnings season has been surprisingly kind to corporate America. Leaving the beleaguered social network (whoops, I mean metaverse pioneer) and fitness brand aside, Q4 results have continued to post strong growth in the face of the Omicron variant of […]
The world of meme coins is now entering the metaverse. The team behind Shiba Inu, an Ethereum-based token that arguably has little utility but is the 13th biggest cryptocurrency with a market cap of $18.4 billion, have announced a virtual land project. In a Tuesday blog post, the developers said they would “lead this Metaverse […]
BlackRock, the world’s largest asset manager, is preparing to offer a cryptocurrency trading service to its investor clients, according to three people with knowledge of the plans. The New York-based company, which manages over $10 trillion in assets for institutions, plans to enter the cryptocurrency space with “client support trading and then with their own […]
Facebook’s shrinking market cap could hold one upside for the tech giant: the possibility of skirting new antitrust liability. The company, recently renamed Meta, closed with a market cap below $600 billion on Tuesday for the first time since May 2020. The stock fell 2.1%, bringing it to a market cap of $599.32 billion. The […]
The explosive growth in passive trading, a fear of missing out, and a blind faith in “celebrity CEOs” have contributed to froth in high growth tech names, according to Harvard lecturer and renowned writer Vikram Mansharamani. Now, the author who made a name spotting market bubbles in his book “Boombustology: Spotting Financial Bubbles Before They […]
The stereotypical cryptocurrency owner is a high-earning white male. However, research finds that other demographics — particularly minorities — are also turning to bitcoin and other cryptocurrencies. A recent survey conducted by Morning Consult found that while 69% of all U.S. adults are white, only 62% of cryptocurrency owners are. Meanwhile, 24% of cryptocurrency owners […]
Coinbase CFO Alesia Haas tells Yahoo Finance Live enthusiasm on all things crypto remains high amongst various types of investors despite prices across the board mostly being well off record highs. “I don’t think we’ve seen any change in interest in the overall crypto space,” Haas said. “Crypto people in general are very long-term focused […]
U.S. stock index futures crept higher during overnight trading Monday, after the major averages moved between gains and losses during regular trading as the market awaits key inflation data later this week. Futures contracts tied to the Dow Jones Industrial Average added 0.1%. S&P 500 futures gained 0.16%, while Nasdaq 100 futures were up 0.19%. […]
Bigger isn’t always better. Case in point: Lots of trading desks are locked in on the dramatic underperformance of the small-cap Russell 2000 Index amid the bounce-back in broader stocks from the late January lows. The Russell 2000 — which is often viewed a proxy for the strength (or lack thereof) of the domestic economy […]
The price of bitcoin climbed more than 6% on Monday, hitting its highest level in a month. Bitcoin rose to as much as $44,500, according to Coin Metrics, its highest level since Jan. 5. Back then, it hit a high of $47,013. As of 4:02 p.m. ET, bitcoin traded at $44,068.88. Those moves built on […]
China’s property troubles will make it harder for developers in the country to gain access to U.S. debt markets, according to Moody’s Investors Service. “We are seeing the trend of China property turmoil continuing to dampen enthusiasm for some high-yield issuance,” Annalisa Di Chiara, a senior vice president at Moody’s, told CNBC “Squawk Box Asia” […]
Bitcoin’s (BTC-USD) arrival into the mainstream has seen companies like Microstrategy (MSTR), Block (SQ) and Tesla (TSLA) add the digital coin to their balance sheets — and spawned a new class of investors drawing all or part of their salaries in cryptocurrency. But with Bitcoin slumping by nearly half since hitting a November high under […]
