Investors are gearing up for a busy week, with the start of second-quarter earnings season and an onslaught of new economic data on deck. The prospects of another strong quarter for corporate earnings results have been one of the major factors underpinning stocks’ march to new highs as of late. S&P 500 earnings in aggregate are expected to grow by 64% for the second quarter, which would mark the fastest increase since the fourth quarter of 2009, according to FactSet data.  “Corporate… Source link

(Bloomberg) — El Salvador’s declaration of Bitcoin as legal tender could create challenges for both the country and the cryptocurrency, according to a team from JPMorgan Chase & Co. Bitcoin trading volumes commonly exceed $40 billion to $50 billion per day, but most of that is internalized by major exchanges, said a group from JPMorgan including Steve Palacio, Joshua Younger and Veronica Mejia Bustamante, in a report Thursday. A large portion of Bitcoin is locked up in illiquid entities,… Source link

Virgin Galactic’s SpaceShipTwo rocket plane, VSS Unity, fires up its hybrid rocket motor to head spaceward. (Virgin Galactic via YouTube) Virgin Galactic founder Richard Branson rode his company’s SpaceShipTwo rocket plane into the skies over New Mexico today and did something that no billionaire has done before. In the company of five crewmates, Branson became the first billionaire to take a rocket-powered ride on his own company’s spaceship, rising above the 50-mile mark that the… Source link

A nurse works on a patient in the ICU (Intensive Care Unit) on January 7, 2020. Victoria Jones/PA Images via Getty Images A 90-year-old Belgian woman died in March after contracting two coronavirus strains at the same time. The woman, who had both the UK and South African variant, died five days after getting sick. Researchers say the case is the first of its kind, but warn there could be more. See more stories on Insider’s business page. A 90-year-old Belgian woman who died from COVID-19 in… Source link

Is it possible that ordinary individual investors, without the help of ultrafast computers or a PhD in math, can reliably beat the stock market? Sixty years of Nobel Prize-winning theory say no, it is not possible. But just maybe it is. Ironically, the widespread belief that it’s impossible helps to make it possible. To see how, recall a high-buzz stock market event last December 21, when Tesla became a component of the S&P 500. Research Affiliates chairman Rob Arnott and colleagues made a Source link

With ransomware attacks on the rise—and compromised passwords to blame for some of the hackings—there’s no better time to review your personal security practices. It all starts with how you create and store passwords. You may have read a thing or two about password managers, perhaps in my previous column on the subject. This software can create strong randomized passwords, then remember them for you, and they can auto-fill credentials, simplifying… Source link

At 26, Andrea Fletcher has already worked for Google , Apple and Roblox. She says her career in software engineering really began with a childhood love of logic puzzles that involve math and patterns. Then, as a senior in high school, thanks to a gentle nudge from her dad, she opted to take a computer-science elective over art. Ms. Fletcher loved coding and problem solving. Today, as a full-stack software engineer at Roblox, the online platform where 43 million people… Source link

Bitcoin addresses that hold over 100,000 BTC have hit a 27-month high Bitcoin whales appear to be accumulating the crypto at current prices. The total number of holders with over 100,000 BTC remains at a 27-month-high. The accumulation appears to be happening during bitcoin’s recent price correction from its all-time high of $64,000. On-chain analysis and market insights firm Santiment states that bitcoin addresses with over 100,000 BTC account for 3.64% of the supply. However, Santiment also… Source link

@lol.airee/TikTok A viral TikTok video shows a woman duct-taped to her chair on an American Airlines flight.  The airline said the woman tried to exit the plane midflight and attacked flight attendants. The passenger who filmed the video criticized American Airlines for how it handled the situation. See more stories on Insider’s business page. A TikTok video shows a woman duct-taped to her seat on an American Airlines flight after an incident in which the airline says she attacked flight… Source link

New Pixel 6 leaks reveal a massive step up over Google’s current Pixel 5, including a huge camera upgrade. Google’s Pixel 6 range will likely represent a massive upgrade over the current Pixel 5 (pictured). © 2020 Bloomberg Finance LP MORE FROM FORBESNew Samsung Galaxy Leak Reveals S22 Ultra Design ShockBy Paul Monckton The news comes from serial leaker Jon Prosser, who presents a list of what he believes to be the “full final specifications” of Google’s next-gen Pixel 6… Source link