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“#Stocks hammered as sell off moves from tech to other sectors” Investors pulled back on stocks Tuesday as a sell-off that began in tech companies broadened to other sectors, sending the major US indices down. The Dow Jones Industrial Average tumbled about 450 points, or 1.3 percent, in mid-day trading. The S&P 500 was 0.8…
“#ViacomCBS beats profit forecasts on Super Bowl ads, streaming revenue” ViacomCBS, the home of “SpongeBob,” “Star Trek” and “Billions,” beat Wall Street’s first-quarter estimates, thanks to strong streaming revenue and advertising sales due to its broadcast of this year’s Super Bowl. ViacomCBS said it added 6 million new streaming subscribers to both Paramount+ and Showtime,…
“#Bill Gates gave $2.4B in stock to Melinda amid divorce: filings” Bill Gates transferred $2.4 billion in stocks to his soon-to-be ex-wife Melinda — $600 million more than initially believed — on the day one of the world’s wealthiest couple announced they were splitting, according to new filings. The Post and others reported earlier Wednesday…
“# Coinbase stock plunges to record low, further decoupling from crypto ” Shares of Coinbase Global Inc. tumbled to fresh lows on Thursday, as Wall Street investors continued to cycle out of high-flying tech stocks. The cryptocurrency market, meanwhile, reached a record valuation over $2.4 trillion. COIN stock bottomed at $255.15, where it was in…
“# Nasdaq-listed insurer Metromile plans $10M Bitcoin purchase ” Metromile, Inc., a digital insurer headquartered in San Francisco, is making Bitcoin (BTC) a core part of its business operations, offering further evidence of growing mainstream adoption of digital assets. The company announced Thursday that it will soon give policyholders the option to pay for insurance…
“# WallStreetBets combats market manipulation using blockchain ” WallStreetBets, the Reddit-based grassroots movement that achieved notoriety for short-squeezing hyper-leveraged financial firms, has launched a new blockchain-based application aimed at combating market manipulation in traditional finance. The group announced the creation of WallStreetBets Exchange Traded Portfolios, or ETPs, that can provide investors with broad exposure to…
“# S&P launches cryptocurrency indexes, debuting with Bitcoin and Ether ” S&P Dow Jones Indices, a major global resource for index-based data and research, has introduced its first cryptocurrency indices amid a renewed surge on crypto markets. The company announced Monday that it launched three crypto indices tied to the performance of the two largest cryptocurrencies:…
“# Nas brags about Coinbase and crypto wealth in new track with DJ Khaled ” American rapper and cryptocurrency investor Nasir Jones, better known by his stage name Nas, has invited fans to join the cryptocurrency industry in a newly released track. Released last week, “Sorry Not Sorry” features a collaboration with DJ Khaled, Jay-Z…
“# Binance CEO CZ: Bitcoin is less volatile than stocks like Apple and Tesla ” Binance CEO Changpeng Zhao has commented on the volatility of Bitcoin (BTC), stating that the largest crypto by market capitalization is probably less volatile than the stock prices of similarly-sized companies by market capitalization such as Apple and Tesla. Data…
“# Ethereum market cap hits $337 billion, surpassing Nestle, P&G and Roche ” Ether (ETH) price has rallied more than 200% in 2021, resulting in a massive $337 billion market capitalization. This impressive figure pushed the value of the Ethereum network ahead of the total market cap of major companies like Procter & Gamble’s ($326…