Bitcoin was trading for well over $60,000 in April, after making an astounding run from $11,000 in October. But after a tough first half of May, it’s been at about $33,000 as the crypto buzz died down. The cycles of bitcoin’s (BTC) popularity are a hallmark of the digital asset, so far at least, and despite its novelty, it’s old enough (12 years) for some patterns to have emerged. Though there’s no guarantee that what comes next won’t be different, hedge fund veteran and co-founder of… Source link
Read More »Virgin Galactic Plans to Sell $500M in Stock; Shares Fall 17%
Virgin Galactic Holdings (SPCE) is looking to sell up to $500 million worth of common stock. The company has engaged the services of Credit Suisse Securities (CS), Morgan Stanley (MS), and Goldman Sachs (GS) as part of a capital raising drive. The three will act as the company’s agents in the sale. SPCE stock price plunged 17.30% to close at $40.69 yesterday. The agents are entitled to commission at a mutually agreed rate that will not exceed 2% of the gross sales price. (See Virgin… Source link
Read More »Infrastructure package without climate initiatives ‘would be a hard sell’ : New Mexico Senator
As lawmakers offer dueling infrastructure proposals in an effort to get a bipartisan bill across the finish line, New Mexico Senator Martin Heinrich (D) is looking to a different option: pushing forward with the president’s climate priorities, through budget reconciliation. In an interview with Yahoo Finance Live, Heinrich said the infrastructure package and climate initiatives will likely “move in parallel” given the lack of Republican support for a broader $2 trillion proposal, focused… Source link
Read More »A look inside where it will sell Pixels, Chromebooks
Google provided a peek inside its first retail store a day before it opens in New York’s Chelsea neighborhood. Customers can come try and buy all of Google’s products and services. The store will also offer support for devices and software. Google Store Chelsea Photos courtesy of Google and Paul Warchol Google provided a peek inside its first retail store, a day before it opens in New York’s Chelsea neighborhood. The store. which opens Thursday morning, shows that Google aspires to create a… Source link
Read More »A look inside where it will sell Pixels, Chromebooks
Google Store Chelsea Photos courtesy of Google and Paul Warchol Google provided a peek inside its first retail store, a day before it opens in New York’s Chelsea neighborhood. The store. which opens Thursday morning, shows that Google aspires to create a place where consumers can come and buy its Pixel phones, Chromebooks, Nest gadgets, Fitbit wearables and more. It’s sort of like an Apple Store, but for people who want to buy and get support for Google products. Previously, Google has created… Source link
Read More »MicroStrategy to Sell Up to $1B in Stock, Use Part of Proceeds to Buy Yet More Bitcoin
Next Michael Saylor will be holding a bake sale to fund his bitcoin purchases. On the same day MicroStrategy, the business intelligence software firm that Saylor runs, announced it had completed the sale of $500 million in bonds to increase its stash of the leading cryptocurrency, the firm said it plans to sell up to $1 billion in stock to buy even more. MicroStrategy’s bitcoin trove is so big that owning the cryptocurrency is now described in the company’s filings with the U.S. Securities… Source link
Read More »Yahoo Japan to sell FX unit to industry leader GMO for $265 mil.
Yahoo Japan Corp. said Tuesday it will sell a subsidiary that offers foreign exchange margin trading services to industry leader GMO Financial Holdings Inc. for 28.8 billion yen ($265 million), ending its involvement in the highly competitive space. Yahoo Japan is expected to complete the sale of all its shares in YJFX Inc. in September. YJFX will be renamed Gaika ex byGMO Inc., according to GMO, an industry leader by volume in retail foreign exchange margin… Source link
Read More »Google to open its first retail store to sell devices
The company announced Thursday that it is opening its first physical retail store, called Google Store, this summer in New York City. The store will be located under its offices in the Chelsea neighborhood, where it employs many of its more than 11,000 employees in the city. Some of the items for sale will include Pixel phones, Nest products, Fitbit devices and Pixelbooks. Similar to Apple’s Genius Bar concept, Google will employ “experts” to help customers troubleshoot issues, fix a cracked… Source link
Read More »Bitcoin Tumbles After Musk Implies Tesla May Sell Cryptocurrency
(Bloomberg) — Elon Musk continued to whipsaw the price of Bitcoin, sending it to the lowest since February after implying in a Twitter exchange Sunday that Tesla Inc. may sell or has sold its cryptocurrency holdings. Bitcoin slid below $45,000 for the first time in almost three months after the billionaire owner of the electric-car maker seemed to agree with a Twitter post that said Tesla should divest what at one point was a $1.5 billion stake in the largest cryptocurrency. It traded at… Source link
Read More »Verizon to Sell Off Yahoo
Share This Story, Choose Your Platform! Verizon recently announced that they would be selling Yahoo! and AOL to a private equity firm for about half the amount they bought the two properties for. And so the Yahoo saga continues — and with this news, we have almost come full circle. If you are looking for more details about the history of this situation, you can find that here. For now, here’s a quick timeline of events: The early 2000s: Yahoo! is the king of the search engines 2003:… Source link
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