James “Jimmy” Cayne, the swaggering bridge-champion Wall Street CEO who led investment bank Bear Stearns during its rise and ultimate fall that would serve as a touchstone for the financial crisis of 2008, has died at age 87. Cayne died Tuesday days after suffering a stroke, according to a report in Bloomberg. One of the
A pedestrian walks past Biogen Inc. headquarters in Cambridge, Massachusetts, on Monday, June 7, 2021. Adam Glanzman | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Biogen — Shares of Biogen slid more than 7% after Samsung denied a report in South Korean media that it was in talks to
This year’s Santa Claus rally was harder to spot than usual. It wasn’t system wide, as there are still giant pockets of weakness. The bifurcation is strange, and I don’t remember seeing this much disparity before. But this means that there are dozens of stocks to buy on discount. Investors have been punishing them relentlessly
Affirm Holdings (NASDAQ:AFRM) stock is down 26% in the last month. The market’s honeymoon with Buy Now, Pay Later (BNPL) is over. Source: Piotr Swat / Shutterstock.com Many finance and tech stocks fell in December. Affirm failed to bounce back in the market’s comeback. It’s trading today at around $101 per share with a market
On today’s show, we talk about Bitcoin borrowing and lending with Blockfi’s CEO, Zac Prince. Additionally, Preston was accompanied by Blockfi investor, Mark Yusko from Morgan Creek Capital Management. IN THIS EPISODE, YOU’LL LEARN: – What are the basics of how Bitcoin lending works – What is over-collateralization – What are some of the risks
If you’ve reached the point where you’re financially stable, helping your parents get a new home may seem like a dream come true. But it’s also a decision that’s more complicated and riskier than you may realize. There are a number of ways in which adult children can assist their parents with a new home
Palantir (NYSE:PLTR) stock is a thoroughbred growth stock. It has an asset-light business model, solid government contracts, and a staggering amount of cash. Source: Ascannio / Shutterstock.com In recently reported earnings, it hit the ball out of the park once again. Both revenue and earnings figures beat analyst estimates. And guidance was also upbeat. Then
Traders work on the floor of the New York Stock Exchange (NYSE) on December 02, 2021 in New York City. Spencer Platt | Getty Images It’s time for my best guesses for next year: 2022 is a year to go big and bold, because a boom is coming. Not a boom in everything, but certainly a
In this article DIDI VSCO Scott Mlyn | CNBC Check out the companies making headlines in midday trading Wednesday. Victoria’s Secret — Shares of Victoria’s Secret jumped more than 10% after the intimate apparel retailer announced a $250 million accelerated share repurchase program. The company also reaffirmed fourth-quarter guidance provided in November, including an up
Decentraland (CCC:MANA-USD) has long been on the radar of cryptocurrency enthusiasts. Metaverse pundits have been aware of its importance to the greater movement to digitize our physical world and everything that comes with it. Source: shutterstock.com/Piotr Swat A broad awareness of Decentraland’s potential in the digital space for businesses and creators has been brewing for
Down more than 13% so far in 2021, AT&T (NYSE:T) stock is having a disappointing year. And it’s soon to lose its revered status as a dividend aristocrat. Source: Roman Tiraspolsky / Shutterstock.com Investors reacted poorly to the company’s plan to unload its WarnerMedia assets to Discovery (NASDAQ:DISCA) for $43 billion. The deal was announced
Sometimes one of the biggest clues you can get as an investor is to examine what company insiders are doing with their stocks. After all, if the CEO doesn’t have confidence that the company’s shares will hold value, why should you? That brings us to the unfortunate tale of ContextLogic (NASDAQ:WISH) stock Source: sdx15 /
It’s been a stressful year for pot-stock traders, to say the least. A case in point would be Canadian cannabis company Sundial Growers (NASDAQ:SNDL), as SNDL stock dropped almost as quickly as it popped in 2021. Source: Jetacom Autofocus / Shutterstock.com Part of the problem is that the market has been fickle lately. One month, Reddit traders are pushing
A new exchange is trying to make it easier to hedge against events in politics and other areas. Kalshi, a firm founded by Tarek Mansour and Luana Lopes Lara, was designated as a contract market by the Commodity Futures Trading Commission in late 2020 and officially launched in June. The exchanges offers binary, yes-or-no contracts
In this article DIDI AKAM VSCO CALM BABA TSLA Check out the companies making headlines before the bell: Cal-Maine Foods (CALM) – The nation’s largest egg producer earned 2 cents per share for its latest quarter, well short of the 30-cent consensus estimate. Sales were better-than-expected, but the bottom line was hit by higher costs
Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) has had an extremely good year. GOOG stock is up 67.2% year-to-date. It closed at $2,928.96 on Dec. 28 after having closed last year at $1,751.88 per share. Source: Castleski / Shutterstock.com As I wrote recently, the stock still looks extremely undervalued. This is based on both analysts’ estimates for revenue next year
Many had hoped that the retail trading frenzy and the strategic shift toward eCommerce would breathe new life into Naked Brands (NASDAQ:NAKD) stock. However, in a bizarre turn of events, the intimate-apparel company is pivoting toward commercial electric vehicle (EV) technology. Though it’s a fascinating prospect for the company, it comes with plenty of risks,
Dr. Saifedean Ammous and Preston Pysh have a conversation about how the existing fiat financial system works, how it has created a warped incentive structure for things like academia, food, and many other things. Then they also talk about how Bitcoin offers a solution to many of these issues and concerns. IN THIS EPISODE, YOU’LL
A college degree is almost a necessity for most working Americans aiming for a comfortable lifestyle. In fact, a bachelor’s degree is worth close to $3 million in wages over a lifetime, according to a study by the Georgetown University Center on Education and the Workforce. The question is how to get one without being
Fisker (NYSE:FSR) made a big announcement on Dec. 20. While the news probably won’t do anything for FSR stock, I think it’s cool. Source: Eric Broder Van Dyke / Shutterstock.com According to its press release: “Fisker will launch exclusive digital art NFTs of original pen-on-paper sketches from the hand of Founder and Chief Designer, Henrik