It’s been a couple of weeks since Intel (INTC (opens in new tab), $27.70) subsidiary Mobileye filed an S-1 registration statement with the Securities and Exchange Commission (SEC). However, many details, such as pricing and shares to be sold to investors, have yet to be determined for the company, which makes processors for self-driving cars.… Continue reading Should You Buy the Mobileye Self-Driving Car IPO?
Making a Killing in Cryptocurrency? There’s a Tax on That
The number of people investing in cryptocurrency in recent years seems to be ever-increasing. Several years ago, almost no clients came to us with cryptocurrency in their portfolios. These days, even retirees seem to have it in their portfolio. In our previous article, we talked about generally considering cryptocurrency in your estate plan. This time,… Continue reading Making a Killing in Cryptocurrency? There’s a Tax on That
Leading Bitcoin NFT Marketplace Gamma.io Announces .btc Domain Marketplace
As the platform passes one year since its Bitcoin NFT marketplace was released, Gamma.io has launched a .btc domain marketplace for web3 decentralized identities. , /PRNewswire/ — Gamma.io, the leading open marketplace for Bitcoin NFTs, has announced the launch of its BNS marketplace for .btc decentralized identities and domains, built on the Stacks programming layer… Continue reading Leading Bitcoin NFT Marketplace Gamma.io Announces .btc Domain Marketplace
US stocks close lower after volatile late swings to snap massive 2-day rally.
Carla Mozée Spencer Platt/Getty Images US stocks closed lower Wednesday following volatile swings in the final minutes of the trading session. The S&P 500 energy sector gained on the back of rising oil prices, after OPEC+ decided to cut production by 2 million barrels a day. ADP said jobs at private-sector employers increased by 208,000… Continue reading US stocks close lower after volatile late swings to snap massive 2-day rally.
Oil prices rise after OPEC+ agrees to cut production by 2 million barrels a day, extending a winning streak to a 3rd session
Oil prices rose Wednesday after OPEC+ said it will cut production by 2 million barrels a day starting in November. The group said “uncertainty” surrounding the global economic outlook fed into its decision. President Joe Biden reportedly expressed disappointment over the decision. Loading Something is loading. Oil prices turned higher Wednesday after OPEC and its… Continue reading Oil prices rise after OPEC+ agrees to cut production by 2 million barrels a day, extending a winning streak to a 3rd session
‘Shark Tank’ investor Kevin O’Leary says Twitter isn’t even worth $10 billion and Elon Musk should start from scratch if he wants to make his money back
Elon Musk’s offer to purchase Twitter for $44 billion is far more than what the company is actually worth, Kevin O’Leary said. “I don’t think it’s worth $10 billion,” O’Leary said to CNBC, emphasizing the need for new management in the company. He urged Musk to “get out the whacking stick” and start fresh with… Continue reading ‘Shark Tank’ investor Kevin O’Leary says Twitter isn’t even worth $10 billion and Elon Musk should start from scratch if he wants to make his money back
Warren Buffett’s stock portfolio is so large that unrealized investment losses in the 2nd-quarter led to a 10% decline in earnings per share for the whole S&P 500
The S&P 500’s 2nd-quarter earnings per share is set to drop 10% thanks to Berkshire Hathaway.Warren Buffett’s conglomerate reported an unrealized investment loss of $67 billion last quarter due to the broad stock market decline. S&P Dow Jones Indices estimates that Berkshire’s unrealized investment loss will lower the S&P 500’s EPS by $4.74. Loading Something is… Continue reading Warren Buffett’s stock portfolio is so large that unrealized investment losses in the 2nd-quarter led to a 10% decline in earnings per share for the whole S&P 500
Government Debt Rises: You Can’t Blame Biden (or Trump)
U.S. government debt has exploded from $370 billion to $31 trillion since 1970, with our leaders unwilling to raise taxes to match spending increases. It hasn’t mattered which party is in the White House: both have found it difficult to lift taxes but easy to boost spending. The presidents during the 1970-2022 period include: ·… Continue reading Government Debt Rises: You Can’t Blame Biden (or Trump)
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