Tag Archives: Heres

Crypto crash: Here’s why billionaire John Paulson’s ‘worthless’ call might be right It feels as though cryptocurrency has been deemed a worthless fad since Bitcoin first emerged from the guts of an anonymous engineer’s computer rig back in 2009. While some of the criticism has come from the general public, who may not have a clear grasp on what cryptocurrencies are, how they work or why they possess any value whatsoever, some very clued-in financial minds have also questioned crypto’s… Source link

Coming back from the Labor Day weekend, Tesla (TSLA) shares marked a 2.64% gain on Tuesday, trading at just over $750 by market close. And while some experts are targeting $3,000 per share, TD Ameritrade Chief Market Strategist JJ Kinahan explains why TD’s clients are selling Tesla in the near term. “[TD Ameritrade’s clients] sold [Tesla shares] in July and August, which I think is very interesting overall,” Kinahan told Yahoo Finance Live. “[They sold for] a couple of reasons…. Source link

Cathie Wood picked up some shares of Zoom (ZM) this week after an earnings related meltdown.  For the founder, CEO and CIO of Ark Invest, the $56 million purchase was a no brainer given the importance of Zoom to the future of communication.  “We think there is a transformation taking place in the communication sector. Many people think of Zoom as nothing more than these video sessions. But it’s becoming much more than that. We think it’s going to, with the Zoom phone, take over the PBX… Source link

Rather under-the-radar, Google (GOOG, GOOGL) is now holding the crown as the top-performing member of the closely watched FAANG (Facebook, Apple, Amazon, Netflix, and Alphabet’s Google) complex amid a summer surge in its stock price.  Shares of Alphabet, Google’s owner, tacked on an impressive 8.2% in August, lagging only behind a 12.8% pop in Netflix. But year-to-date, Alphabet holds a wide lead over its FAANG cohorts.  Alphabet’s stock has skyrocketed 66% on the year, thumping second… Source link

The Street is unclear on how to value Zoom as its growth slows with people returning to offices and schools, despite the lingering pandemic.  So the only course of action right now it seems — sell Zoom’s stock (ZM) and wait for more stable waters.  “We are wary of a potential demotion for Zoom from hyper-growth to growth at a reasonable price,” said Citi analyst Tyler Radke, following Zoom’s underwhelming second quarter results Monday evening. Radke called the earnings report… Source link

Affirm (AFRM) is poised to show investors a major jolt in its top and bottom lines amid its new tie-up with Amazon (AMZN).  Shares of Affirm exploded more than 40% in pre-market trading on Monday after unveiling a new partnership with Amazon. The stock was the No. 1 trending ticker on the Yahoo Finance platform, too. Under the deal, Affirm — a leader in the buy now, pay later space — will help Amazon consumers finance large purchases.  Select Amazon customers will now have the option to… Source link

The lack of an in-the-box charger means that if you want access to faster charging methods with the upcoming Pixel 6 or 6 Pro, then you’ll have to stump up extra cash to buy one. To our surprise, the response from you, our readers, when we asked late last week was not quite what we expected. We had a substantial response to the question about whether you will buy a new or separate charger with the Pixel 6 series. It’s undoubtedly a sore point, even despite Google’s… Source link

Delta Air Lines broke new ground recently by requiring unvaccinated employees to pay an extra $200 per month for company-provided health insurance. That may be a bargain for workers refusing to get vaccinated against Covid-19. The average cost of hospitalization for Covid-19 is around $20,000, according to recently published data from the Kaiser Family Foundation. At $200 per month, it would take 100 months of added premiums, or more than 8 years’ worth, to cover the cost of a Covid… Source link

If you have amassed a large or even small fortune in your 401(k) retirement plan at work, an important decision eventually awaits: What should you do with the money when you retire or otherwise leave the company? One quandary is whether to keep the money in the company retirement plan (if that option is available) or roll it into an Individual Retirement Account to maintain your tax-sheltered status for a while longer. It’s obviously a key issue for those heading into retirement but it also… Source link

You may want to wait until you’ve had your first cup of coffee before diving into the news report from a Google Home. Dale Smith/CNET … Source link