Grayscale Investments has received regulatory approval to list what it calls the first publicly-traded digital currency index fund. Following assent from the Financial Industry Regulatory Authority (FINRA), the Digital Large Cap Fund (DLC) will be listed on over-the-counter markets and trade under the initials GDLCF. The DLC is Grayscale’s fourth publicly-quoted investment product, after Bitcoin
Jordan Katzman, co-founder of SmileDirectClub Inc., left, and Alex Fenkell, co-founder of SmileDirectClub Inc., watch traders during the company’s initial public offering (IPO) at the Nasdaq MarketSite in New York, U.S., on Thursday, Sept. 12, 2019. Michael Nagle | Bloomberg | Getty Images Shares of SmileDirectClub plummeted more than 13%, on Monday after California Governor
HP logo, at Hewlett-Packard pavilion, during theMobile World Congress day 3, on February 28, 2018 in Barcelona, Spain. (Photo by Joan Cros/NurPhoto via Getty Images) NurPhoto | NurPhoto | Getty Images Check out the companies making headlines in midday trading: Blackstone – Shares of the alternative asset manager shed 1.5% following a downgrade to neutral
For just a moment, in the summer, it seemed that Lyft (NASDAQ:LYFT) was going to give its first public investors a profit. On July 19 it closed at $67.45, buoyed by favorable moral comparisons with rival Uber (NYSE:UBER). Source: Tero Vesalainen / Shutterstock.com But its results for the June quarter showed no reason for optimism.
It’s amazing just how fast fortunes can change in the technology sector. That’s something shareholders in Advanced Micro Devices (NASDAQ:AMD) stock know all too well. Once the proverbial whipping boy of the semiconductor sector, AMD has bounced back in a big way. Source: flowgraph / Shutterstock.com Thanks to advances across a variety of product lines,
High-yield stocks with low price-to-earnings ratios tend to do well over time. It’s also a good deal for investors when the earnings of the company are significantly higher than the dividends paid out. This allows the company to grow its dividends even further. Beating these averages on a single basis is not that hard. But
Last week, U.S. stocks ended the on a strong note — much better than most people thought they would. The geopolitical landmines were aplenty yet investors managed to avoid most of them. Source: Shutterstock The futures are trading slightly lower this morning, which is normal. Investors have a bunch of earnings reports to navigate from
Cryptocurrency exchange Coinbase has been granted an e-money license by the Central Bank of Ireland. Writing in a company blog Saturday, Coinbase UK CEO Zeeshan Feroz said the exchange is one of the very first firms to receive the license from the central bank, following a Dublin office opening a year ago. The license will
SpaceX’s Crew Dragon capsule splashed into the Atlantic Ocean after completing its test flight for NASA. NASA TV LOS ANGELES — SpaceX is in the final stages of developing the capsule it will use to launch astronauts, a project that has commanded the company’s resources and even finances over the last few years. Known as
Chinese President Xi Jinping (R) and US President Donald Trump at the Great Hall of the People in Beijing on November 9, 2017. Nicholas Asfouri | AFP | Getty Images China and the U.S. resume trade talks Thursday in a prickly atmosphere, and strategists say the best outcome could be a postponement of the next
I happened to see an article recently that suggested IBM (NYSE:IBM) was 33% undervalued at the moment. If that’s the case, you would think CEO Ginni Rometty would be buying IBM stock. Source: Twin Design / Shutterstock.com But she’s not and that ought to be very troubling if you own International Business Machines stock. Here’s
Platinum has pulled back 12% and is now sitting just above its 20-month moving average. Bullish sentiment on platinum has pulled back to a little above the pessimism zone, from 92% bulls in September. I would view any 10% pullbacks in platinum as buying opportunities, as long as stops are used if the 20-month moving
Fidelity clients saving for retirement are starting to move some money out of stocks in the recently volatile market, the brokerage’s personal investing president told CNBC on Friday. “The average investor that doesn’t trade a lot that’s really looking to save for their retirement — we have millions of customers like that — we’ve seen
Check out the companies making headlines before the bell: Delta Air Lines – The airline reported adjusted quarterly profit of $2.32 per share, beating the consensus estimate of $2.26 a share. Revenue was slightly below forecasts, but Delta’s bottom line was helped by strong demand growth which prompted it to hire more pilots, flight attendants,
Love them or hate them, when it comes to bellwether stocks, you don’t have to look further than the big banks. With their unrivaled resources and influence on the economic machinery, financial institutions like Citigroup (NYSE:C) carry significant clout. In particular, analysts dissect their earnings report, seeking clues for what may lie next. And if
When cryptocurrency fans gathered in Osaka, Japan, this week for the Devcon developer conference, the halls were filled with buzz about smaller projects seeking access to ethereum’s decentralized finance smorgasbord, especially loans and financial products, via interoperability. “Connecting to other chains doesn’t seem to be an ethereum developer’s priority,” Summa co-founder James Prestwich told CoinDesk.
The state of Michigan has pulled $600 million of its pension fund from wealth management company Fisher Investments after the company’s founder and CEO Ken Fisher made sexist comments at a summit in San Francisco this week. At the Tiburon conference, Fisher compared his wealth management strategy to picking up women for sex, made explicit
Check out the companies making headlines before the bell: Walmart – Walmart U.S. stores chief Greg Foran will leave the retailer on Jan. 31 to become chief executive officer of Air New Zealand. He will be replaced by John Furner, who runs Walmart’s Sam’s Club warehouse chain. Slack Technologies – Slack said it had more
Wall Street hates giving out Sell ratings. We all know that. Sell-side analysts love to pump up stocks, especially ones attached to their brokerages and investment banking divisions, so they flood the market with a bunch of Buy and Hold ratings. But, just how bad is this pumping? Pretty bad. FactSet data shows that of
Is there a simple way to understand silver? Yes indeed, silver analysts – including your friendly Gold Enthusiast – do sometimes prattle on about this and that factor, and how the silver markets are paying attention this right now, that a bit later. What if you just wanted a really simple way to trade silver?
Chinese President Xi Jinping (R) and US President Donald Trump attend their bilateral meeting on the sidelines of the G20 Summit in Osaka on June 29, 2019. Brendan Smialowski | AFP | Getty Images President Donald Trump has the upper hand in the China trade war because tariffs are hurting the Chinese economy way more
Stocks have had some violent swings in both directions this year, but they keep coming back to the same place —and that may be setting up for longer term gains. At roughly 2,935-2,940, the S&P 500 is revisiting a chart point it’s been at a number of times this year, and also going back to
Shopify (NYSE:SHOP) stock has plateaued. SHOP had a massive run-up, as Shopify stock more than tripled in eight months. However, SHOP stock pulled back dramatically in August and has traded in a range since that time. Source: justplay1412 / Shutterstock.com Now many wonder what SHOP stock will do next. Will it retest its all-time high
When it comes to trading there are several steps you can take in order to reduce your exposure to the market extremes of price volatility. A combination of both technical and fundamental analysis can be used to determine the true worth of a company or asset, securing a greater chance of success with a particular investment