Tag Archives: Money

Google’s public cloud has been chasing competing services from Amazon and Microsoft for so long, you might think it would be getting winded. But the critical Alphabet division keeps on keeping on, yesterday reporting revenues of more than $5.5 billion for the fourth quarter. That was the good news. The bad news was that Google Cloud accrued operating losses worth $890 million at the same time. It may be hard to understand how a business with a run rate greater than $22 billion is… Source link

On January 17th, with cryptocurrency prices being widely routed by risk aversion, Crypto.com flagged a “security incident” that caused the operation to freeze withdrawals.  Days later, the Singapore-based exchange announced that hackers had stolen at least $15 million worth of Ethereum (ETH) tokens — and potentially as much as $33 million, according to independent estimates — but pledged to reimburse those affected. Crypto.com faulted some accounts for a lack of 2-factor authentication… Source link

It’s been roughly a year since GameStop (GME) began overtaking headlines and a ‘meme stock’ phenomenon was born. However speculative assets have been under pressure recently amid rising inflation and a more hawkish-toned Federal Reserve.  “I do hope that investors will refocus on fundamental values,” Thomas Peterffy, founder of Interactive Brokers told Yahoo Finance Live.  “This meme stock idea — it’s fun, but it’s not sustainable,” he continued. “I think a lot of people will lose a lot of… Source link

One mystery of the labor shortage is the missing paycheck: How long can people choosing not to work last without an income? Nobody’s sure, but clues are emerging. The economy continues to recover from the COVID wipeout, and hiring remains strong. Yet Americans are beginning to report more difficulty paying routine bills, not less, and it’s probably related to the end of federal relief measures that kept millions above water during the last 20 months. In the Census Bureau’s “household… Source link

Stock picker and hedge manager Cathie Wood made some serious waves last year, when her ARK Innovation ETF outperformed the S&P 500 by an order of magnitude. From the pandemic trough in March to the end of 2020, the S&P gained 68%, while Wood’s flagship fund surged ahead by 153%. It was an astounding performance. Wood made smart choices last year, targeting tech companies, remote connections, and telehealth for investment. All of those segments saw big gains in business during the lockdown… Source link

Jim Cramer: Buying the tech dip is a mistake when these 4 stocks offer ‘easier money’ After last week’s omicron-triggered selloff, many stocks are trading well below their 52-week highs — particularly in the technology space. But doing the obvious and buying the dip on your favorite tech companies could mean missing out on “easier money,” Jim Cramer says. “I’d rather find companies that did well in earnings season and got trampled on unjustly in the last few weeks because they… Source link

No new stimulus checks coming, but are you one of 17 million Americans leaving free money on the table? Most of the time, people leap at the chance for free money. After all, it’s been months since the third stimulus check from Congress, and yet a petition for a fourth payment is still closing in on 3 million signatures. So then, why are 10% of working Americans missing out on thousands in free cash that’s been available for a very long time? Even if you know about these programs and you don’t… Source link

The Internal Revenue Service’s Criminal Investigations Unit (IRS-CI) seized $3.5 billion from cryptocurrency-related fraud cases over the fiscal year of 2021, according to an annual report published by the agency, underscoring how the booming sector has also sparked a rise in the illicit use of crypto. According to the IRS-CI, 93% of the total money they seized this year came from crypto-related cases, the latest sign that fraudsters and scammers have found a way to leverage the soaring… Source link

Congress passed the bipartisan infrastructure bill late on Friday night and before it has even been signed into law, the White House is trying to sell the public on it. The first stop coming on Wednesday: a port. “There’s a reason President Biden chose the Port of Baltimore to give his major speech celebrating passage of what, to date, is his signature legislative accomplishment,” says Aaron Klein, an infrastructure expert at the Brookings Institution. The 2,702-page bill includes about… Source link

By Tom Westbrook SYDNEY (Reuters) – Bitcoin and ether made record peaks in Asia trade on Tuesday as enthusiasm for cryptocurrency adoption and fears about inflation lent support to the asset class. Bitcoin rose as high as $67,803 and ether, the second-biggest cryptocurrency by market value, hit $4,825 in early Asian hours. Both have more than doubled since June and added nearly 70% against the dollar since the start of October. “Crypto is where the fast money is at,” said Chris Weston, head of… Source link