Getty Images US markets were closed on Monday for Martin Luther King Day, with Q4 earnings reports due Tuesday. Economic growth reports in Europe and Asia expected to be focus this week as China reports sluggish growth. Cardano soared over the weekend, bringing gains for the “ethereum killer” to 30% in the last 7 days.… Continue reading US markets take a breath after poor start to the year with focus on Europe and Asia as growth reports released
Cathie Wood says meme stocks like GameStop aren’t Ark Invest’s thing — but she won’t criticize retail traders for going after them
Cathie Wood, founder and CEO of Ark Invest.Ark Invest; Insider Meme stocks like GameStop and AMC don’t fit with Ark Invest’s focus on disruptive innovation, Cathie Wood said. But the star investor won’t criticize retail investors for their decision making in buying those stocks, she told Time. “This is what makes a market. We’re all… Continue reading Cathie Wood says meme stocks like GameStop aren’t Ark Invest’s thing — but she won’t criticize retail traders for going after them
A year after GameStop, Wall Street is still scared of the power of retail traders – and is tracking them closely
The GameStop frenzy, powered by WallStreetBets, unnerved traditional investors in January 2021.Pavlo Gonchar/SOPA Images/LightRocket via Getty Images Wall Street is still wary of the power of retail traders a year after the GameStop frenzy. Investors are following Twitter and Reddit sentiment in an effort to stay ahead of the curve. Trading desks inside top banks… Continue reading A year after GameStop, Wall Street is still scared of the power of retail traders – and is tracking them closely
2 reasons why now is not the time to buy the dip in beaten-down innovation stocks championed by Ark Invest, according to DataTrek
Spencer Platt/Getty Images Investors shouldn’t buy the dip in disruptive innovation stocks, according to DataTrek Research.The steep decline in speculative tech names is akin to the meltdown after the dot-com bubble in the 2000s.”We don’t think we are in a market that is ready to cycle back into speculative tech,” DataTrek said.Sign up here for… Continue reading 2 reasons why now is not the time to buy the dip in beaten-down innovation stocks championed by Ark Invest, according to DataTrek
A new NFT collection called PhantaBear has beaten the sales volume of Bored Ape in the past week
Screenshot of PhantaBear’s official websitePhantaBear A new line of NFTs has dethroned the Bored Ape Yacht Club when it comes to seven-day trading volume: PhantaBear. The NFT collection was launched on January 1 this year, backed by Taiwanese pop star Jay Chou and Hong Kong actor Edison Chen On January 14, it had a floor… Continue reading A new NFT collection called PhantaBear has beaten the sales volume of Bored Ape in the past week
A year after GameStop, Wall Street is still scared of the power of retail traders — and is tracking them closely
The GameStop frenzy, powered by WallStreetBets, unnerved traditional investors in January 2021.Pavlo Gonchar/SOPA Images/LightRocket via Getty Images Wall Street is still wary of the power of retail traders a year after the GameStop frenzy. Investors are following Twitter and Reddit sentiment in an effort to stay ahead of the curve. Trading desks inside top banks… Continue reading A year after GameStop, Wall Street is still scared of the power of retail traders — and is tracking them closely
Meme stocks are fading as retail traders rotate into cryptocurrencies and the metaverse, fintech CEO says
SOPA Images/Getty ImagesSOPA Images/Getty Images Meme stocks came onto the stage in 2021 as retail traders drove massive rallies in some names. The trend may be fading though, as retail traders rotate into cryptocurrencies. Crypto regulation will legitimize the asset class and lead to further adoption among retail investors. Sign up here for our daily… Continue reading Meme stocks are fading as retail traders rotate into cryptocurrencies and the metaverse, fintech CEO says
A sportswear startup’s line of luxury jacket NFTs sold out in minutes. Now the CEO is scouting out land in the metaverse for a virtual store.
ASRV’s 2022 winter clothing lineDerek Reynolds/ASRV ASRV released 60 NFTs of a luxury jacket as part of its winter clothing release. They sold out in less than 30 minutes. The company joins the likes of Nike and Adidas in betting on the metaverse as the future of retail. CEO Jay Barton said brands can leverage… Continue reading A sportswear startup’s line of luxury jacket NFTs sold out in minutes. Now the CEO is scouting out land in the metaverse for a virtual store.
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