Tag Archives: worth

Even for Silicon Valley, Surojit Chatterjee’s rise to extraordinary wealth was lightning fast. The chief product officer has been with Coinbase Global Inc., the biggest U.S. crypto exchange, for just 15 months. Based on the $340 a share indicated opening price for Coinbase’s direct listing on Wednesday, the former Google executive’s stake is worth about $188 million, according to data compiled by Bloomberg. He’s also set to receive share options within the next five years that are… Source link

TipRanks Raymond James Predicts Over 60% Rally for These 2 Stocks Bouncing back with incredible force, the S&P 500 has gained 50% over the past 12 months, with the index now landing just shy of its 52-week high. This impressive charge forward has come as investors shrug off COVID-19’s devastating impact on the economy. Going ahead, Raymond James strategist Tavis McCourt believes we’re looking at a prolonged period of higher interest rates, higher taxes, and abundant economic growth. “[It]… Source link

AstraZeneca Covid-19 vaccine and syringe are seen at the medical centre “It’s appalling the way AstraZeneca has been treated. I wouldn’t blame them if they were thoroughly fed up and decided to bow out of the covid vaccine business.” That was the view from one of the biggest institutional investors in the UK. It’s not a view the pharmaceutical giant and its talismanic boss Pascal Soriot would have expected to hear, having developed a safe, effective vaccine at breakneck speed, signing contracts… Source link

Digital-asset traders and analysts were scrambling Tuesday to assess a fresh data point extracted from the Bitcoin blockchain: Some $806 million worth of the cryptocurrency apparently transferred earlier in the day off of the Coinbase exchange’s institution-focused unit, Coinbase Pro. The jury is out on what it means. It could be that a large investor or several just completed a fresh round of buying and now are taking the bounty off the exchange for long-term holding or other purposes. Or… Source link

Daryl Morey oversaw the creation of the most 3-point-happy teams in NBA history. He now wants to see fewer 3-pointers. The Philadelphia 76ers president of basketball operations had some interesting comments about the 3-pointer during an appearance on the podcast “The Rights to Ricky Sanchez,” in which he discussed the rise, impact and future of the shot that now dominates the league. Specifically, he suggested 3-pointers should be worth only two and a half points. From Radio.com: “We have two of… 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

TipRanks JPMorgan Bets on These 3 Stocks; Sees Over 50% Upside Potential It’s time to check in with the macro picture, to get an idea of just where markets are headed in the coming months. That’s what a JPMorgan global research team, headed up by Joyce Chang, has been doing. The JPM team starts by noting the sell-off in US Treasury bonds last week, pushing up yields as investors acted in response to inflationary fears. However, the rise in bond yields steadied on Friday, and Chang’s team… Source link

(Bloomberg) — Tucked away among the Ford, Dodge and Chevy sedans, the 12,000-gallon storage container and the inoperable Caterpillar tractor being auctioned off by the U.S. government is an unusual item: 0.7501 of a Bitcoin. The U.S. General Services Administration typically uses its auctions to sell surplus federal equipment to the general public. With lot 4KQSCI21105001, which goes up for auction in a week, the government is offering an amount of Bitcoin worth about $38,000 at Monday’s… Source link

Benjamin Cruz, a former instructional designer in Google’s Cloud division, was caught off guard when a colleague told them that their skin was much darker than she expected. Cruz, who is Mexican American and prefers to be identified by the pronouns they/them, reported the incident to human resources in 2019 where personnel told them they should “assume good intent,” Cruz recalled in an interview. Unsatisfied, Cruz asked human resources to look deeper into the incident,… Source link

Bloomberg Inflation Angst Is About to Rewrite the Stock Market Playbook (Bloomberg) — For bond investors, inflation is pretty much all bad news, eating into the value of future returns. For equity traders, the tidings can be less categorically awful, given the ability of certain companies to wring profits from higher prices.While there will be plenty of stock-market casualties should price pressures perk up, history suggests the landscape isn’t devoid of opportunity. Energy shares have been… Source link