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.

The first ‘NFT restaurant’ will run you as much as $14,000 for an exclusive VIP membership — but you’ll have to bring your wallet to pay the tab

Fish on display on Flyfish Club’s website.Flyfish Club Flyfish Club is selling memberships through NFTs ahead of its launch in 2023, Fortune magazine reported.  An “omakase” premium membership costs 4.25 ether, or about $13,930 as of Friday.  The crypto project at the upcoming NYC restaurant has raised $14 million through the sale of nearly 1,500… Continue reading The first ‘NFT restaurant’ will run you as much as $14,000 for an exclusive VIP membership — but you’ll have to bring your wallet to pay the tab

How to invest $10,000: 6 financial experts share their best ideas for maximizing your returns across stocks, crypto, and ETFs right now

But while it may have been difficult to keep up with all the new ways of investing, making money was pretty simple. You didn’t need to pick and choose your investments – if you just parked your money in an index fund benchmarked to the S&P 500, you’d have enjoyed a nearly 27% gain in… Continue reading How to invest $10,000: 6 financial experts share their best ideas for maximizing your returns across stocks, crypto, and ETFs right now

Investors pull US$352 million from Cathie Wood’s ARK Innovation ETF

The withdrawals come as ARKK languishes at the lowest in about 18 months Author of the article: Bloomberg News Sam Potter Cathie Wood, founder and CEO of ARK Investment Management LLC, speaks in New York City on Sept. 13, 2021. Photo by REUTERS/Brendan McDermid/File Photo The loyalty of Cathie Wood’s legion of fans may be… Continue reading Investors pull US$352 million from Cathie Wood’s ARK Innovation ETF

Bausch + Lomb files to go public in U.S. and Canada, discloses revenue jump

The company said its revenue rose to US$2.76 billion in the nine months ended Sept. 30 last year Author of the article: Reuters Mehnaz Yasmin and Ananya Mariam Rajesh Boxes of Bausch + Lomb Inc. Sensitive Eyes contact lens solution at a pharmacy in the Brooklyn borough of New York. Photo by Jonathan Fickies/Bloomberg News… Continue reading Bausch + Lomb files to go public in U.S. and Canada, discloses revenue jump

Mayonnaise with ‘purpose’ rebuke shows Unilever facing investor discontent

‘A company which feels it has to define the purpose of Hellmann’s mayonnaise has in our view clearly lost the plot’ Author of the article: Financial Times Judith Evans and Harriet Agnew in London Jars of Hellmann’s mayonnaise, produced by Unilever Plc., stand on display at a supermarket in London, U.K. Photo by Chris Ratcliffe/Bloomberg… Continue reading Mayonnaise with ‘purpose’ rebuke shows Unilever facing investor discontent

David Rosenberg: Junior mining and exploration boom needed to push EVs over the top

The transition to electric vehicles will require huge investments into mining for the key resources that go into batteries Petro Canada’s electric vehicle charging station is shown on display at the Canadian International Auto Show in Toronto. Photo by THE CANADIAN PRESS/Christopher Katsarov files By David Rosenberg and Ellen Cooper Advertisement This advertisement has not… Continue reading David Rosenberg: Junior mining and exploration boom needed to push EVs over the top