Tag Archives: Bitcoin

Bloomberg Trader Arrested as WallStreetBets Phenomenon Finds Echo in Japan (Bloomberg) — A retail investor buys shares in a small company, touts his position on social media and inspires a horde of followers to do the same. The stock price goes to the moon — before crashing back to earth.It’s an all-too-familiar tale to anyone watching the market in 2021, but this wasn’t GameStop Corp. It wasn’t even in America. And it happened in 2018.It was in the Japanese city of Osaka, where a day… Source link

Bloomberg Trader Arrested as WallStreetBets Phenomenon Finds Echo in Japan (Bloomberg) — A retail investor buys shares in a small company, touts his position on social media and inspires a horde of followers to do the same. The stock price goes to the moon — before crashing back to earth.It’s an all-too-familiar tale to anyone watching the market in 2021, but this wasn’t GameStop Corp. It wasn’t even in America. And it happened in 2018.It was in the Japanese city of Osaka, where a day… Source link

Bloomberg Bitcoin Hits Another Record as Largest Token Extends Rally (Bloomberg) — Bitcoin is picking up momentum once again, briefly topping $60,000 for the first time amid optimism that the largest digital token will achieve wider adoption.The cryptocurrency was at $59,819 as of 10:08 a.m. New York time, bouncing back from a rout at the end of February following a previous peak set that month. It’s benefiting from optimism in financial markets after President Joe Biden signed the $1.9… Source link

Bloomberg Bitcoin Hoard Fuels One of World’s Biggest Crypto Fortunes (Bloomberg) — It’s the latest corporate strategy for companies from Tesla Inc. to Square Inc.: shift a portion of cash reserves into cryptocurrencies as digital assets become more mainstream.Still, few have gone as far as MicroStrategy Inc. Eight months after its first investment, the software firm has a Bitcoin holding worth more than $5 billion.Shares of MicroStrategy have rocketed almost 600% since mid-July, boosting… Source link

TipRanks 3 Monster Growth Stocks That Could Reach New Highs Every investor knows that you can’t look to a stock’s past performance as predictor of future gains. It’s become axiom, even, one of the stock phrases that we all learn about in Econ 101: ‘Past performance does not guarantee future returns’ is common formulation. But that simple phrase, while true, raises a tough question: How should an investor judge a stock? The truth is, past is prologue, not prophet, and investors can… Source link

The Fiscal Times The Tax Hikes Tucked Into Biden’s Covid Relief Plan Democrats inserted three tax hikes on the wealthy and large corporations into their $1.9 trillion Covid rescue plan. Together, the three increases are projected to raise $60 billion, Politico’s Brian Faler writes: “One takes away deductions for publicly traded companies that pay top employees more than $1 million. Another provision cracks down on how multinational corporations do their taxes. A third targets how owners… Source link

(Bloomberg) — Grayscale Investments is making a bet that the approval of a U.S. cryptocurrency ETF is not too far off in the future. The digital-asset management firm has posted at least nine ETF-related positions to LinkedIn, signaling it is anticipating a green light from the Securities and Exchange Commission for a crypto ETF — a goal that has eluded U.S. funds for years. “The race to launch the first Bitcoin ETF is heating up,” said Todd Rosenbluth, director of ETF research for CFRA… Source link

TipRanks Billionaire David Tepper Bets Big on These 2 “Strong Buy” Dividend Stocks Anyone trying to keep track of where the markets might be heading, could be forgiven for displaying signs of dizziness. The markets are being violently pulled in opposite directions lately, making it difficult to form a coherent investing strategy. It is in time like this that some expert advice might provide a clearer picture. Hardly any on the Street come more highly regarded than billionaire David Tepper…. Source link

TipRanks Billionaire David Tepper Bets Big on These 2 “Strong Buy” Dividend Stocks Anyone trying to keep track of where the markets might be heading, could be forgiven for displaying signs of dizziness. The markets are being violently pulled in opposite directions lately, making it difficult to form a coherent investing strategy. It is in time like this that some expert advice might provide a clearer picture. Hardly any on the Street come more highly regarded than billionaire David Tepper…. Source link

Bloomberg Banks Press Fed to Preserve $600 Billion in Balance-Sheet Leeway (Bloomberg) — Thanks to the pandemic, U.S. banks won a long-sought regulatory break that let them expand their balance sheets by as much as $600 billion without adhering to profit-denting safeguards. Now, firms are frantically lobbying to extend that relief before it expires at month’s end.The reprieve from what’s known as the supplementary leverage ratio — granted a year ago as Covid-19 rocked markets and the… Source link