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Mark Cuban explains why cryptocurrencies are the future, especially as the world recovers from a generational pandemic

Mark Cuban. Adam Glanzman/Getty Images Mark Cuban said cryptocurrencies are the future, especially as the world recovers from a pandemic. The billionaire outlined the two reasons why he thinks the country should shift to digital currencies. Cuban is among the high-profile crypto bulls, and is a particularly vocal backer of meme-based dogecoin. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. As the cryptocurrency market continues to skyrocket - hitting a $1 trill...
Tags: US, Dallas Mavericks, Trends, Markets, Bitcoin, Mark Cuban, Treasury, Rob Lowe, Cryptocurrencies, Ellen Degeneres, Lowe, Dogecoin, Ether, US Mint, CBDC, Adam Glanzman Getty


Mark Cuban explains why crypto is the future, especially as the world recovers from a generational pandemic

Mark Cuban. Adam Glanzman/Getty Images Mark Cuban said cryptocurrencies are the future, especially as the world recovers from a pandemic. The billionaire outlined the two reasons why he thinks the country should shift to digital currencies. Cuban is among the high-profile crypto bulls, and is a particularly vocal backer of meme-based dogecoin. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. As the cryptocurrency market continues to skyrocket - hitting a $1 trill...
Tags: US, Dallas Mavericks, Trends, Markets, Bitcoin, Mark Cuban, Treasury, Rob Lowe, Cryptocurrencies, Ellen Degeneres, Lowe, Dogecoin, Ether, US Mint, CBDC, Adam Glanzman Getty


The stock market will face a 'day of reckoning' this year when an inevitable inflation spike forces the Fed's hand, says Wharton professor Jeremy Siegel

REUTERS/Steve Marcus Wharton's Jeremy Siegel said the stock market will face a "day of reckoning" sometime this year as inflation spikes. He forecasts an uptick in inflation will force the Fed to change its accommodative policy and that will spook stocks. He also said inflation will rise cumulatively 20% over the next four years. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. The stock market will face a reality check at some point in 2021 when a spike in...
Tags: Washington, Finance, Trends, Markets, Federal Reserve, Cnbc, Yellen, Fed, SIEGEL, Wharton, Jeremy Siegel, Stock Market Outlook, Stock Market Forecast, Emily Graffeo, Cyclical Stocks, Fed policy


Jeff Bezos sold $5 billion of Amazon stock in 4 days, ahead of stepping down as CEO

Amazon CEO Jeff Bezos. C Jeff Bezos sold nearly $5 billion of Amazon stock this week.The Amazon cofounder may have sold the shares to fund Blue Origin or the Bezos Earth Fund.Bezos is set to resign as CEO and become executive chairman later this year.See more stories on Insider's business page.Jeff Bezos cashed out almost $5 billion of Amazon stock this week, as he prepares to step down as the e-commerce giant's CEO next quarter.Bezos sold about 1.5 million shares at an average p...
Tags: Amazon, Elon Musk, Trends, Markets, E-commerce, Aws, SEC, Jeff Bezos, Stock, Amazon Web Services, Blue Origin, Bezos, Andy Jassy, Tech Insider, Bezos Earth Fund, Theron Mohamed


A mysterious Dogecoin whale now owns $22 billion of the meme-inspired cryptocurrency - and a warning made by Elon Musk in February is suddenly back in focus

REUTERS/Mike Blake Dogecoin's spectacular rise this year has led to one so-called whale's position ballooning to $22 billion in value.A single digital wallet currently owns 36.7 billion dogecoin, or 28% of the cryptocurrency's entire supply.Elon Musk warned back in February that the biggest risk to dogecoin is its extreme concentration among just a few holders.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Elon Musk warned in February that the biggest ...
Tags: Elon Musk, Finance, Trends, Markets, Crypto, Trading, Doge, Cryptocurrencies, Musk, Vlad Tenev, Dogecoin, Matthew Fox, Dogecoin Price, Opening Bell Elon Musk, MI Exclusive, DOGE-USD


Dow, S&P 500 close at record highs after dismal jobs report gives Fed more breathing room

Xinhua/Wang Ying/ Getty Images The Dow Jones and S&P 500 closed at record highs on Friday after a weak April jobs report gave the Federal Reserve breathing room to continue with its easy monetary policies.April saw an addition of 266,000 jobs, well below the estimates forecast of 1 million.The April jobs report represented the worst miss since 1998.The Dow Jones and S&P 500 closed at record highs on Friday after a weak April jobs report led to investors bidding up popular stay-at-home stoc...
Tags: US, Trends, Markets, West Texas Intermediate, Bill, Federal Reserve, Stock Market, Goldman, Melinda Gates, Dow Jones, Jefferies, S&P 500, Dow Jones Industrial Average, Citi, Fed, Melinda


VanEck files with the SEC for an Ethereum ETF as it waits for the regulator to approve its bitcoin fund

Ether is the cryptocurrency of the Ethereum network. Photothek/Getty Images Asset manager VanEck has filed to list an Ethereum exchange-traded fund. The firm is seeking SEC's permission to list shares of its VanEck Ethereum Trust. The SEC delayed a decision on whether to greenlight VanEck's bitcoin ETF until July. See more stories on Insider's business page. Asset manager VanEck is seeking US regulatory approval to launch an Ethereum exchange-traded fund, with the move takin...
Tags: US, Trends, Markets, Bitcoin, SEC, Ethereum, Securities And Exchange Commission, CBOE, ETF, Carla Mozee, VanEck, bitcoin ETF, Ethereum Blockchain, S P Dow Jones, Ether ETF, MI Exclusive


A Canadian bitcoin ETF has attracted $823 million in just 3 weeks since launching as crypto demand remains strong

S3studio/Getty Images The Canada-based 3iQ CoinShares Bitcoin ETF has attracted $832 million in assets under management in just three weeks. That's the fastest any bitcoin ETF has achieved an AUM that high. The fund's success comes as bitcoin's market capitalization soars above $1 trillion. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. A Canadian bitcoin exchange-traded fund that has only been trading publicly for three weeks has amassed $832 mill...
Tags: US, Trends, Markets, Canada, SEC, Toronto Stock Exchange, AUM, Dogecoin, bitcoin ETF, Coinshares, Emily Graffeo, BTC price, Bitcoin price today, Bitcoin Exchange Traded Fund, MI Exclusive, Fred Pye


The CEO of an NFT platform featuring tweets from Elon Musk and Jack Dorsey breaks down where the market goes from here - and dissects the Tesla founder's cult-like personality

Cameron Hejazi, CEO and co-founder of Cent, Valuables' parent company. Cameron Hejazi via Kate Larkin Elon Musk pulled out of selling one of his tweets as an NFT, but users of NFT platform Valuables are still trying to buy them. Valuables, owned by the social media platform Cent, allows users to turn tweets into NFTs and buy or sell them. The thrill of the chase and fandom culture attract users, Cent CEO and co-founder Cameron Hejazi told Insider. Sign up here for our daily newsletter,...
Tags: Twitter, Elon Musk, Trends, Markets, Tesla, Crypto, Jack Dorsey, Musk, Elon, NFT, Hejazi, Charles Hoskinson, Crypto Investing, Weekend BI UK, MI Exclusive, NFT art


Gold spikes as as 'epic' miss in April jobs report eases worries about a Fed rate hike

Gold prices picked up Friday. David Gray/Getty Images Gold prices climbed to their highest since early February on Friday following the April US jobs report. The gain of 266,000 jobs was well below expectations of 1 million jobs being added to payrolls. The data miss pushed Treasury yields lower, make gold more attractive to buy. See more stories on Insider's business page. Gold prices jumped Friday after the weak US monthly jobs report tamped down expectations of an interest-rate hi...
Tags: US, Trends, Gold, Markets, Bloomberg, Jobs Report, Treasury, Federal Reserve, Metals, Fed, Bullion, Labor Department, Jerome Powell, Carla Mozee, OANDA, Rate Hike


Tilray climbs 10% as the cannabis company gets a double upgrade to 'buy' from Jefferies

A Tilray worker tends to cannabis plants. Tilray Tilray shares jumped 10% on Friday after Jefferies upgraded the cannabis company to a buy rating. Tilray's tie-up with Aphria was a "perfect match," said Jefferies, which also raised its price target to $23 a share. In the analysts' upside scenario, the stock could climb to $31. See more stories on Insider's business page. Tilray shares stepped up by roughly 10% on Friday, bolstered by a double upgrade to "buy" from "underperf...
Tags: Europe, US, Trends, Markets, Cannabis, Canada, M&a, Jefferies, Bennett, Carla Mozee, Thc, Tilray, Aphria, Owen Bennett, Price Target, Buy Rating


S&P 500 hits record high after bad April jobs-report miss dampens inflation fears

A trader works on the floor at the NYSE in New York Reuters Tech stocks jumped on Friday after a weak April jobs report led to a rally in stay-at-home stocks.April saw an addition of 266,000 jobs, well below the estimates forecast of 1 million.The April jobs report represented the worst miss since 1998.Technology stocks soared on Friday and the S&P 500 hit a record high after a weak April jobs report led to investors bidding up popular stay-at-home stocks that have performed well during the...
Tags: Finance, US, Trends, Markets, Square, Trading, Bill, Stock Market, Goldman, Melinda Gates, Dow Jones, S&P 500, Dow Jones Industrial Average, Nyse, Citi, Fed


Roku's stock could leap 48% in 2021 as its streaming platform continues to eat up market share and advertising dollars, Wedbush says

Roku hits 50 million active accounts. Sean Locke / EyeEm / Getty Images Wedbush reiterated its price target of $475 for Roku after the streaming company crushed first quarter earnings. Analysts from the firm say Roku will continue to gain as advertising dollars move from linear TV to streaming. Roku also has a growing user base, 54 million average active users in the first quarter who streamed over 18 billion hours. Sign up here for our daily newsletter, 10 Things Before the Opening Bell...
Tags: Trends, Markets, Roku, Sean Locke, Wedbush, EBITDA, Michael Pachter, Roku TV, Pachter, Emily Graffeo, Roku Stock Price, Getty Images Wedbush, MI Exclusive, Roku price target, Roku earnings, Pachter Also Patcher


Why the horrid April jobs report was actually great news for stocks

Drew Angerer/Getty Images The April jobs report badly missed estimates on Friday, but the stock market promptly hit record highs anyway.That's because the market is now in a phase where bad economic news is good news for equities.The biggest fear for investors is an inflation spike that prompts the Federal Reserve to tightening monetary policy sooner than expected. The weak jobs report soothed those worries.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Bad ec...
Tags: Trends, Markets, Bank Of America, Economy, Jobs Report, Trading, Stocks, Janet Yellen, Federal Reserve, Stock Market, Fed, Lee, Powell, Tom Lee, Jerome Powell, US Chamber of Commerce


Melinda Gates now owns $5 billion across these 3 stocks as part of her divorce proceedings

Bryan Bedder/Getty Images for THR Melinda Gates' divorce from Bill Gates has already led to the division of certain stocks.About three stocks worth $5 billion worth have been transferred to Melinda Gates over the past week.These are the three stocks that make up a bulk of the assets transferred to Melinda.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.The divorce of Bill and Melinda Gates announced earlier this week has already led to the division of assets be...
Tags: Trends, Markets, Bill Gates, Trading, Stocks, Bill, Jeff Bezos, Stock Market, Melinda Gates, Reuters, Ecolab, Mackenzie Scott, Bryan Bedder Getty, Matthew Fox, Grupo, Cascade Investment


Tech stocks jump after bad April jobs-report miss dampens inflation fears

A trader works on the floor at the NYSE in New York Reuters Tech stocks jumped on Friday after a weak April jobs report led to a rally in stay-at-home stocks.April saw an addition of 266,000 jobs, well below the estimates forecast of 1 million.The April jobs report represented the worst miss since 1998.Technology stocks soared on Friday after a weak April jobs report led to investors bidding up popular stay-at-home stocks that have performed well during the pandemic.April saw an addition of...
Tags: Finance, US, Trends, Markets, Square, Trading, Bill, Stock Market, Nasdaq, Goldman, Melinda Gates, Dow Jones, S&P 500, Dow Jones Industrial Average, Nyse, Citi


Dow soars 318 points to record high as investors weigh new economic-recovery data

Traders work on the floor at the New York Stock Exchange. Brendan McDermid/Reuters The Dow Jones Industrial Average pushed to a record high on Thursday. Stocks found support as fewer-than-expected Americans filed for jobless benefits. Home Depot, P&G and Apple were all up, helping the Dow push to fresh highs. See more stories on Insider's business page. The Dow Jones Industrial Average notched a new record high Thursday as stocks pegged to the reopening of the economy got a boost fr...
Tags: Apple, Home Depot, Microsoft, Etsy, US, Trends, Markets, Bloomberg, Treasury, Stocks, S&P 500, Dow Jones Industrial Average, Procter Gamble, Nasdaq Composite, Labor Department, Carla Mozee


Moderna stock plummeted on Biden's support of waiving vaccine patent protections, but that backing won't have a material impact on the company, Morgan Stanley says

Moderna's COVID-19 vaccine won emergency use authorization from the FDA in December 2020. Madison Hall/Insider Moderna shares have dropped sharply since the Biden administration on Wednesday voiced support for waiving patent protections on COVID-19 vaccines. Morgan Stanley said it doesn't see the US's waiver support as having a material impact on Moderna's business. Moderna's management had indicated it wouldn't enforce its vaccine patent during the pandemic, says...
Tags: US, Trends, Markets, WTO, Fda, Pfizer, Biden, Morgan Stanley, Patent, Harrison, Carla Mozee, Moderna, Waiver, Matthew Harrison, Covid Vaccine, Drug Makers


Carl Icahn sells the remaining portion of his Herbalife stake, ending the saga that fueled his long-standing feud with Bill Ackman

Photo by: Adam Jeffery/CNBC/NBCU Photo Bank/NBCUniversal via Getty Images Billionaire activist investor Carl Icahn sold his remaining stake in Herbalife, SEC filings show. The nutritional shake company is at the center of his years-long feud with fellow billionaire Bill Ackman. Icahn was an activist investor in the company but said the company no longer needs him. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Billionaire investor Carl Icahn sold his final re...
Tags: Trends, Markets, SEC, Bill Ackman, Wall Street Journal, Cnbc, Carl Icahn, Reuters, Icahn, Ackman, Herbalife, Scott Wapner, Adam Jeffery, Emily Graffeo, CNBC NBCU Photo Bank NBCUniversal, Getty Images Billionaire


Elizabeth Warren bashed cryptocurrencies' environmental impact, said big tech firms should be broken up, and called for a wealth tax in a new interview. Here are the 8 best quotes.

Elizabeth Warren AP Photo/John Minchillo Elizabeth Warren sat down for an interview with Yahoo Finance on Thursday. The Democratic Senator from Mass. said that big tech companies are a "threat to our democracy" and should be broken up. Warren also bashed bitcoin's environmental impact and reiterated her calls for a wealth tax. Detailed below are her eight best quotes. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Elizabeth Warren sat down for an interview wi...
Tags: Amazon, Facebook, Supreme Court, Massachusetts, Elizabeth Warren, US, America, Trends, Markets, Bitcoin, Warren, SEC, Donald Trump, Robinhood, Mass, Andy


These 5 stocks have helped drive a 32% decline in Cathie Wood's Ark Invest flagship ETF

JOHANNES EISELE/AFP via Getty Images Ark Invest's flagship Disruptive Innovation ETF has fallen 32% from its record high in February.Detailed below are the five stocks that helped drive the decline in the tech-focused ETF managed by Cathie Wood.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.The reflation trade out of growth and into cyclicals in anticipation of a reopened economy has damaged the flagship ETF managed by Cathie Wood's Ark Invest.The ARK Disr...
Tags: Finance, Trends, Markets, Trading, Stocks, Stock Market, Wood, Matthew Fox, Johannes Eisele, Cathie Wood, ARK Invest, Stock Market 2021, ARK Innovation ETF, MI Exclusive, Cathie Wood Sign


Warren Buffett's Berkshire Hathaway is nearing the maximum stock price of $429,496 allowed on the Nasdaq

Warren Buffett, CEO of Berkshire Hathaway, and vice chairman Charlie Munger. JOHANNES EISELE/AFP via Getty Images Berkshire Hathaway's Class A stock is trading just below the maximum stock price allowed on the Nasdaq exchange.The stock traded at $429,172 on Thursday, just below the Nasdaq's maximum limit of $429,496.7295.Nasdaq is rushing to issue an upgrade later this month that would fix the problem.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Class A s...
Tags: Amazon, Trends, Markets, Berkshire Hathaway, Warren Buffett, Jeff Bezos, Stock Market, Nasdaq, Wall Street Journal, Berkshire, Buffett, Berkshire Hathaway Stock, Charlie Munger, Matthew Fox, Stock Market 2021, MI Exclusive


Jay-Z and Andreessen Horowitz back a $19 million investment in NFT platform Bitski

Mike Blake/Reuters Bitski is an NFT platform that aims to simplify creating, buying, and selling non-fungible tokens. The platform closed a Series A funding round led by Andreessen Horowitz. Jay-Z and Serena Williams were also investors. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. An NFT platform that's branding itself as the "Shopify for NFTs" raised $19 million in Series A funding from investors including Andreessen Horowitz (a16z) and Jay-Z. Bitski ...
Tags: Jay Z, Trends, Markets, Andreessen Horowitz, Serena Williams, NFT, Sriram Krishnan, Krishnan, Coinbase Ventures, Bitski, Emily Graffeo, MI Exclusive, Non-fungible Token, Mike Blake Reuters Bitski, Andreessen Horowitz Jay Z, Jay Z Bitski


Peloton's 15% sell-off amid treadmill woes has created a ripe buying opportunity, Credit Suisse says

Regulators want Peloton to conduct a safety recall following reports of injuries on its new Tread+ treadmill. AP Photo/Jeff Chiu Buy the dip in Peloton, Credit Suisse says. Analysts expect the company's treadmill recall drama to delay sales, but not squash them entirely. Peloton tumbled 15% Wednesday after the company said its recalling two treadmills amid injury reports and one death. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Buy the dip in Peloton...
Tags: UK, US, Trends, Markets, Canada, Credit Suisse, North America, Treadmill, Peloton, Tread, PTON, Emily Graffeo, Stock Market News, Peloton stock price, MI Exclusive, PTON price


Etsy slumps 11% after warning growth could slow in coming months following 1st-quarter earnings beat

Etsy is an online marketplace that offers handmade and vintage goods from independent sellers. Igor Golovniov/SOPA Images/LightRocket/Getty Images Etsy stock fell by 11% on Thursday after the online marketplace projected slower sales growth on its platform. First-quarter earnings of $1 per share beat expectations of $0.88 per share. Revenue of $550.6 million was ahead of Wall Street's estimate of $530 million. See more stories on Insider's business page. Etsy shares tumbled Thurs...
Tags: Etsy, Sales, Trends, Markets, Silverman, Carla Mozee, Josh Silverman, Online Retailers, Etsy Stock, Igor Golovniov, COVID, MI Exclusive, Q1 Earnings, 1Q earnings, SOPA Images LightRocket Getty Images Etsy, Refinitiv Consolidated


Etsy slumps 14% after warning growth could slow in coming months following 1st-quarter earnings beat

Etsy shares struggled Thursday after a sales warning. Igor Golovniov/SOPA Images/LightRocket/Getty Images Etsy stock fell by 14% on Thursday after the online marketplace projected slower sales growth on its platform. First-quarter earnings of $1 per share beat expectations of $0.88 per share. Revenue of $550.6 million was ahead of Wall Street's estimate of $530 million. See more stories on Insider's business page. Etsy shares tumbled to their lowest price in nearly five months Th...
Tags: Etsy, Sales, Trends, Markets, Silverman, Carla Mozee, Josh Silverman, Online Retailers, Etsy Stock, Igor Golovniov, COVID, MI Exclusive, Q1 Earnings, 1Q earnings, SOPA Images LightRocket Getty Images Etsy, Refinitiv Consolidated


Jeff Bezos sold $2.5 billion in Amazon stock as he prepares to step down as CEO - and could sell more worth $6.54 billion

Alex Wong/Getty Images SEC filings show Jeff Bezos sold 739,000 Amazon shares worth $2.5 billion this week. The sales were part of a pre-arranged trading plan under which Bezos could sell another 2 million shares. Amazon exceeded expectations in its first quarter earnings that were released last week. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Amazon CEO Jeff Bezos sold around $2.5 billion in Amazon stock this week as he prepares to step down as the online...
Tags: Amazon, Trends, Markets, SEC, Stocks, Jeff Bezos, Bezos, Alex Wong Getty, Amazon Stock, Amazon Stock Price, Securities and Exchange Commission Bezos, Things Before the Opening Bell Amazon, MI Exclusive, Sophie Kiderlin


US stocks trade mixed as investors weigh jobless-claims data

Bryan R Smith/Reuters US stocks were mixed Thursday, with the Dow Jones Industrial Average coming off a record-high close. Fewer Americans than expected filed for jobless benefits last week. Shares of Moderna and other vaccine makers were under pressure. See more stories on Insider's business page. US stocks edged higher Thursday as weekly jobless claims suggested there's been a further recovery in the labor market from the COVID-19 pandemic, with the snapshot arriving ahead th...
Tags: US, Trends, Markets, Bloomberg, Economy, Stocks, West Texas Intermediate, Pfizer, Biden, S&P 500, Dow Jones Industrial Average, Nasdaq Composite, Labor Department, Carla Mozee, Moderna, BioNtech


A decline in Tesla's regulatory credit sales could be devastating to its future profitability, strategist says

Yasin Ozturk/Anadolu Agency via Getty Images Tesla has depended on the sale of regulatory credits to other automakers for a bulk of its profit in recent years.But one automaker said it expects to stop buying credits from Tesla later this year once it hits its electric vehicle sales quotas."The loss of these regulatory credit revenues for Tesla is devastating and brings into question the future profitability of Tesla," Navellier's chief investment officer Louis Navellier said.Sign up he...
Tags: France, Finance, Trends, Markets, Tesla, Electric Vehicles, Psa, Fca, Trading, Stocks, Stock Market, Tavares, Carlos Tavares, Fiat Chrysler Automotive, Matthew Fox, Tesla Stock


Dogecoin's $80 billion valuation now makes it bigger than these 10 well-known companies

Paul Hennessy/SOPA Images/LightRocket via Getty Images Dogecoin's 13,000% rally in 2021 has made the meme-based cryptocurrency worth $80 billion.These 10 well-known companies are now worth less than a shiba inu-inspired cryptocurrency.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Dogecoin, a meme-inspired cryptocurrency that was started as a joke in 2013, is now worth $80 billion after a gravity-defying year-to-date rally of more than 13,000%, based off of W...
Tags: Elon Musk, Finance, Trends, Markets, Crypto, Trading, Csx, Dell, Honda, Doge, Cryptocurrencies, Duke, Wall Street Journal, Duke Energy, Thomson Reuters, Gamestop



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