Cryptocurrency may be a new thing, but it has to fit into existing legal pigeonholes nonetheless. getty A number of folks got together to create a business that would take advantage of a crypocurrency protocol known as bZx that was supposed to be super-duper secure, or, as they put it, no depositor of cryptocurrency should…
Financial data analysis graph showing search findings. Red arrow moving down over a blue bar graph … [+] standing on a digital tablet. Horizontal composition with copy space. getty This is the second article of two examining the role of bonds in your portfolio. The first article reviewed what bonds are, identified factors that influence…
Mark Cuban, chairman, president and chief executive officer of Axs TV, during the NFT LA conference … [+] in Los Angeles, California, U.S., on Tuesday, March 29, 2022. NFT LA is an integrated conference experience fused with immersive Metaverse integrations. Photographer: Bing Guan/Bloomberg © 2022 Bloomberg Finance LP You’ve probably heard of Mark Cuban, billionaire…
Topline Shares of popular stock trading app Robinhood surged higher on Monday after reports that billionaire Sam Bankman-Fried’s cryptocurrency exchange, FTX, is considering a deal to buy the company just over a month after he first disclosed a stake. The news comes just over a month after FTX’s billionaire founder, Bankman-Fried, disclosed a sizable ……
Topline A leading indicator for housing market activity—pending home sales—unexpectedly jumped in May and reversed six straight months of declines, according to new data from the National Association of Realtors on Monday, though experts warn that higher mortgage rates will continue to weigh on demand. Sales were still down “sizably” from a year ago as…
Topline Investors piled out of cryptocurrency investment funds at a record pace last week after bitcoin plummeted to its lowest level in 18 months, crypto asset management firm CoinShares reported Monday, highlighting the bearishness that’s come to a head this month as markets grapple with the Federal Reserve’s reversal of pandemic-era stimulus measures. “Highly polarized…
CEO of Tesla Motors Elon Musk speaks at the Tesla Giga Texas manufacturing “Cyber Rodeo” grand … [+] opening party on April 7, 2022 in Austin, Texas. – Tesla welcomed throngs of electric car lovers to Texas on April 7 for a huge party inaugurating a “gigafactory” the size of 100 professional soccer fields. (Photo…
Topline Economists at S&P Global Ratings on Monday warned the likelihood of a recession over the next year is increasing as the Federal Reserve continues its most aggressive economic tightening cycle in decades—becoming the latest experts warning about the potential implications of rising interest rates, which help ease prices at the expense of economic growth.…
Gordon Ritter, Managing Partner Emergence Capital Partners Our brand of capitalism is woefully inefficient. Between 2010 and 2021, it threw too much money at too few good investments. That sent stocks up at a rapid pace — and it generally felt great to own them during that time. Sadly, there is no bell that rings…
In this Tuesday, Oct. 1, 2013, photo, Amy Eagle, of Center Valley, Pa., shops for dog food in … [+] Quakertown, Pa. Upstart pet food maker Freshpet uses fresh meat, poultry and vegetables in a pricey, preservative-free product that requires refrigeration. Sales exceed $100 million. Fido and Fluffy don’t know it, but their owners want…