Financial Technology

Dogecoin, Shiba Inu outperform bitcoin and ether. Is it a good time to bet on meme coins?

As cryptocurrencies bounced back from the June lows this year, meme coins have outperformed bitcoin and ether for the past few days, prompting some investors to ask if the risk-on plays are back in favor. Dogecoin DOGEUSD jumped 16.3% and another dog-themed token Shiba Inu SHIBUSD advanced 32.7% during the past seven days, though the …

Dogecoin, Shiba Inu outperform bitcoin and ether. Is it a good time to bet on meme coins? Read More »

Buffett and Berkshire added big to their bets on Ally, Occidental, Paramount and Activision. But these other 6 stocks also got a vote of confidence.

Warren Buffett’s Berkshire Hathaway Inc. added to nine stock holdings during the second quarter, reduced holdings of four and sold two outright. That’s according to Berkshire Hathaway’s BRK.B, +1.24% most recent 13F filing with the Securities and Exchange Commission. The company held 45 stocks with a combined market value of $330.1 billion as of June …

Buffett and Berkshire added big to their bets on Ally, Occidental, Paramount and Activision. But these other 6 stocks also got a vote of confidence. Read More »

Don’t Give Up on the Chip Makers. These 9 Stocks Look Like Bargains.

Text size Nvidia now expects July quarter revenue to be $6.7 billion, up only 3% from the year-ago period. The company had previously forecast $8.1 billion in revenue. Dreamstime These are troubling times for the chip industry. Demand for consumer-focused tech products is sagging, with sales weakening for PCs and peripherals, Android smartphones, and videogames. …

Don’t Give Up on the Chip Makers. These 9 Stocks Look Like Bargains. Read More »

Nvidia’s Shortfall: Blame Gamers or Crypto Mining?

Text size Nvidia has been hurt by fading pandemic-era demand for gaming graphics cards. Justin Sullivan/Getty Images Nvidia warned that shortfalls in its gaming segment revenue would hamper second-quarter results. Analysts were left wondering how much can be blamed by a drop in demand from gamers, compared with cryptocurrency miners. The company said on Monday …

Nvidia’s Shortfall: Blame Gamers or Crypto Mining? Read More »

Buy PayPal Stock. The Battered Payments Company Is Starting to Perk Up.

Anyone who bought PayPal Holdings stock last summer may be ruing the day. Despite popping a bit this past week, the shares, at $97, are still off 68% from their highs around $308. Memories of the stock’s skid in February, when it fell 35% over two days, may still be uncomfortably fresh in investors’ minds. …

Buy PayPal Stock. The Battered Payments Company Is Starting to Perk Up. Read More »

Block Stock Wobbles After Earnings. Why Analysts Are Upbeat.

Text size Former Twitter CEO Jack Dorsey leads Block. Marco Bello/AFP via Getty Images Block’s stock price has wobbled in the wake of the fintech company’s second-quarter earnings, but there remain multiple reasons to be upbeat, according to analysts. Founded and led by former Twitter (ticker: TWTR) CEO Jack Dorsey, shares in Block ( SQ …

Block Stock Wobbles After Earnings. Why Analysts Are Upbeat. Read More »

Another crypto bridge attack: Nomad loses $190 million in ‘chaotic’ hack | CNN Business

New York CNN Business  —  Heists continue to plague the crypto world, with news of large sums stolen from digital currency firms seemingly every month. But while crypto exchanges were once the main point of attack, hackers now appear to have a new target: blockchain bridges. Bridges are the infrastructure that allow users to exchange …

Another crypto bridge attack: Nomad loses $190 million in ‘chaotic’ hack | CNN Business Read More »

PayPal earnings packed in much more than just numbers

After seeing its shares lose roughly two-thirds of their value in the past year, PayPal Holdings Inc. delivered a packed earnings report Tuesday, announcing a new chief financial officer, buyback authorization and cost-savings program, while also confirming that activists at Elliott Management Corp. have taken a stake in the company. Additionally, the company topped expectations …

PayPal earnings packed in much more than just numbers Read More »

AMD, PayPal, Starbucks, Uber, Paramount, and Other Stocks to Watch This Week

It’s the peak stretch of second-quarter earnings season, with roughly 150 S&P 500 firms scheduled to report this week. The highlights on the economic calendar will be a pair of purchasing managers’ index readings and jobs Friday. Wednesday’s earnings highlights will be Booking Holdings , CVS Health , eBay , and Moderna . Thursday will …

AMD, PayPal, Starbucks, Uber, Paramount, and Other Stocks to Watch This Week Read More »

AMD, PayPal, Starbucks, Uber, Paramount, and Other Stocks for Investors to Watch This Week

It’s the peak stretch of second-quarter earnings season, with roughly 150 S&P 500 firms scheduled to report this week. The highlights on the economic calendar will be a pair of purchasing managers’ index readings and jobs Friday. Wednesday’s earnings highlights will be Booking Holdings , CVS Health , eBay , and Moderna . Thursday will …

AMD, PayPal, Starbucks, Uber, Paramount, and Other Stocks for Investors to Watch This Week Read More »