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UPDATE 1-Bitcoin extends gain on reports of JPMorgan fund

TipRanks Raymond James: These 3 Stocks Have Over 100% Upside on the Horizon We’re now in the heart of earnings season, and investors are paying close attention as companies report their financial results from the first quarter of 2021. It’s a routine, in some ways, but in others, there has never been an earnings season quite like this. It’s the first one post-pandemic, but perhaps more importantly, the results are coming out during a time of nearly unprecedented government stimulus… Source link

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Trevor Lawrence signs endorsement deal with crypto app

The NFL draft doesn’t start until Thursday, but Trevor Lawrence is already making deals like a pro football player.  Lawrence, the overwhelming favorite to be the No. 1 overall pick in the draft, has signed a multi-year endorsement deal with the cryptocurrency investment app Blockfolio. The terms of the first-of-its-kind deal haven’t been disclosed, but he did receive a signing bonus that was paid out entirely in crypto and deposited into his Blockfolio account. A spokesperson for the… Source link

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Are the Falcons shopping Julio Jones?

Julio Jones made one of the greatest catches in NFL history, and it’s all but forgotten.  With under five minutes remaining in the game and the Falcons up by eight, Jones extended on a Matt Ryan pass that was probably nine feet in the air, toe-tapped as he was falling out of bounds at the opposition’s 22, and cradled the ball like a newborn in what should have been a game-clinching catch.  Of course, the Falcons had been leading that game by a score of 28-3, so you probably know what… Source link

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Stocks drift near record levels ahead of packed earnings week

TipRanks 3 “Strong Buy” Stocks Under $10 That Are Poised to Take Off COVID is receding, and markets are rising; those are the two trends that investors have most on their minds right now. It’s entirely sensible that they’ll go together. As the economy reopens, money will begin to circulate faster – and find its way in the equity market. With economic conditions improving, investors are on the lookout for the best returns in an expansionary environment. One natural place for them to… Source link

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Chiefs Tight End Sean Culkin to Convert Entire NFL Salary Into Bitcoin

Kansas City Chiefs player Sean Culkin will take the entirety of his 2021 base salary – $920,000 – in bitcoin. The fifth-year tight end is the first National Football League player to be paid entirely in bitcoin. Offensive tackle Russell Okung, who famously followed through on his declaration to “pay me in bitcoin,” still takes half of his $13 million salary in fiat. Culkin will start stacking biweekly sats via Zap’s Strike, the same fiat-to-bitcoin salary conversion service Okung… Source link

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Ryan Cohen Maps Out GameStop Turnaround Plan

(Bloomberg) — Perhaps no one, not even the day-trading hero they call Roaring Kitty, is more responsible for the improbable 700% rally in GameStop Corp. this year than Ryan Cohen. At 35 years old, Cohen is a billionaire entrepreneur with a reputation for a Midas touch after building the pet-supply site he co-founded — Chewy — into a booming business. And so when word got out in mid-January that he had secured three seats on GameStop’s board after amassing a 13% stake, shares of the… Source link

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What stock market history tells us about corporate tax hikes: Morning Brief

TipRanks 3 “Strong Buy” Stocks Under $10 That Are Poised to Take Off COVID is receding, and markets are rising; those are the two trends that investors have most on their minds right now. It’s entirely sensible that they’ll go together. As the economy reopens, money will begin to circulate faster – and find its way in the equity market. With economic conditions improving, investors are on the lookout for the best returns in an expansionary environment. One natural place for them to… Source link

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Treasury Yields Rise on Growth Bets, Dollar Falls: Markets Wrap

(Bloomberg) — U.S. Treasury yields rose amid confidence the Federal Reserve will remain accommodative even as robust growth takes the world’s largest economy back to pre-pandemic levels. Stock-index futures were mixed. Havens including the dollar and government bonds were under pressure while copper, seen as a barometer of growth, surged to the highest in a decade. The U.S. 10-year rate bounced back from its 50-day moving average, underscoring the reflation trade is still alive, but… Source link

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Blackstone Offers $1.1 Billion to Buy 26% of India’s Mphasis

(Bloomberg) — Blackstone Group Inc. has offered to buy a controlling stake in Indian IT outsourcing services provider Mphasis Ltd. for as much as 82.6 billion rupees ($1.1 billion) as demand for cloud computing surges amid the pandemic. Funds managed by the private equity firm have teamed up with long-term investors including Abu Dhabi Investment Authority and UC Investments to take a majority stake in Mphasis, the private equity firm said in a statement on Monday. That agreement triggered… Source link

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Bitcoin rebounds after hitting 7-week low

TipRanks 3 “Strong Buy” Stocks Under $10 That Are Poised to Take Off COVID is receding, and markets are rising; those are the two trends that investors have most on their minds right now. It’s entirely sensible that they’ll go together. As the economy reopens, money will begin to circulate faster – and find its way in the equity market. With economic conditions improving, investors are on the lookout for the best returns in an expansionary environment. One natural place for them to… Source link

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