Investors will be shocked by the volatility in stocks in 2022, Bank of America’s Savita Subramanian said. The analyst believes the S&P 500 won’t deliver great returns this year, as the Fed hikes interest rates. She urged investors to search ‘the rubble’ for certain sectors better suited to this environment. Investors shouldn’t expect the S&P… Continue reading The S&P 500 won’t deliver great returns this year as volatility persists, but these stocks could do better, BofA analyst says
New York beat Silicon Valley and Miami in 2021 as crypto capital of the US with the most startup funds raised
New York City won the title of cryptocurrency capital of the US in 2021. The Big Apple attracted $6.5 billion in crypto startup funding last year, 46% of the total raised, according to CB Insights. New York beat Silicon Valley and Miami, the latter of which has been pushing hard to attract crypto enthusiasts. Sign… Continue reading New York beat Silicon Valley and Miami in 2021 as crypto capital of the US with the most startup funds raised
Metaverse mortgages are being issued to buy virtual land — and one of the first ever was just signed for a property in Decentraland
TerraZero Technologies facilitated one of the first ever “metaverse mortgages” for a client buying virtual property in Decentraland. The Web 3.0 technology company said it provided the majority of the financing. Some experts remain skeptical about metaverse real estate, likening it more to a crypto asset than physical property. Sign up here for our daily… Continue reading Metaverse mortgages are being issued to buy virtual land — and one of the first ever was just signed for a property in Decentraland
Robinhood pops 11% as Cathie Wood’s Ark Invest piles in following 4th-quarter earnings rout
Shares of Robinhood jumped as much as 11% Monday. On Friday, updates from Cathie Wood’s Ark Invest showed the firm picked up about $31.5 million worth of the stock. Robinhood’s stock has plunged over 60% since its IPO at $38 per share. Sign up here for our daily newsletter, 10 Things Before the Opening Bell.… Continue reading Robinhood pops 11% as Cathie Wood’s Ark Invest piles in following 4th-quarter earnings rout
FTX has just completed another funding round that values it at a whopping $32 billion — and CEO Sam Bankman-Fried says he expects no ‘long-term crypto winter’
Cryptocurrency exchange FTX said it had completed another funding round that values it at $32 billion. Founder and CEO Sam Bankman-Fried said that he does not believe there will be a long-term crypto bear market. Cryptocurrencies have slid sharply this month and have lost some $500 billion in market value. Sign up here for our… Continue reading FTX has just completed another funding round that values it at a whopping $32 billion — and CEO Sam Bankman-Fried says he expects no ‘long-term crypto winter’
Victims of the $1.3 million Frosties ‘rug pull’ are trying to recover their lost crypto by making their own NFT collection
Victims of an NFT rug pull are trying to revive what they lost by launching a new collection. The project runners named the collection Wrapped Frosties, and call on other defrauded investors to join them. Rug pull is a type of scam in which creators quickly cash out after launching what appears to be a… Continue reading Victims of the $1.3 million Frosties ‘rug pull’ are trying to recover their lost crypto by making their own NFT collection
Odell Beckham Jr. is leading a new class of athletes getting paid in bitcoin. Here’s are 7 high-profile athletes taking the high-upside risk of crypto pay.
An increasing number of professional athletes have been paid in bitcoin over the past year.The move is risky, as volatility in cryptocurrencies can lead to big upside or downside.These are the seven professional athletes that have taken some or all of their salary in crypto.Sign up here for our daily newsletter, 10 Things Before the… Continue reading Odell Beckham Jr. is leading a new class of athletes getting paid in bitcoin. Here’s are 7 high-profile athletes taking the high-upside risk of crypto pay.
A top fund manager says stocks are going to be just fine in an era of rising interest rates — and he shares how investors can net juicy returns
Stocks will perform just fine against a backdrop of rising interest rates, ProShares’ director of investment strategy said. “This idea of rising rates doesn’t have to be such a negative on stocks,” Kieran Kirwan said in a webcast. He discussed one index that tracks US securities whose stock prices have historically shown a high correlation… Continue reading A top fund manager says stocks are going to be just fine in an era of rising interest rates — and he shares how investors can net juicy returns
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