Coinbase is unlike any market debut Wall Street has ever seen

Brian Armstrong, co-founder and chief executive officer of Coinbase Inc. David Paul Morris | Bloomberg | Getty Images Coinbase is poised to command an astronomical valuation when the digital currency exchange goes public on Wednesday. But ask 10 market experts how the company should be valued and you’ll likely get 10 answers. That’s because Coinbase’s … Read more

Apple reportedly building new Apple TV with built-in camera and speaker

Apple is in the early stages of building a new Apple TV device with a built-in camera and speaker, according to Bloomberg. The newest Apple TV was released in 2016 and is long overdue for an update as it competes with TV products from Amazon, Google and Roku that have gained market share by routinely … Read more

Peter Thiel criticizes Google and Apple for being too close to China

Peter Thiel, co-founder and chairman of Palantir Technologies Inc., speaks during a news conference in Tokyo, Japan, on Monday, Nov. 18, 2019. Kiyoshi Ota | Bloomberg | Getty Images Tech investor Peter Thiel criticized big U.S. technology companies for being too close to China at a Tuesday appearance at a virtual event held by the … Read more

Broad-based rally, strong economic data leave traders questioning how much further stocks can run

Traders on the floor of the New York Stock Exchange. Source: NYSE Is this as good as it gets?  It seems like everything is working, and with good reason: the broad rally is supported by an accelerated vaccine rollout and recent economic reports which have been robust across the board. Nonfarm payrolls.  ISM Manufacturing. ISM … Read more

Ready to dress up again, teens turn to online brands Shein and Princess Polly, and thrift store finds

Teen spending is slowly ticking up from record lows, according to a new survey, as teens show signs they’re ready to get dressed up, go out and socialize again. A generation known to be glued to social media apps like TikTok and Instagram, Gen Z is taking cues from fashion and beauty influencers when they … Read more

These stocks are the best buys in the internet sector, says Evercore ISI’s Mark Mahaney

This illustration photo shows a person checking the Facebook app on a smartphone in Los Angeles, March 1, 2021. Chris Delmas | AFP | Getty Images The internet sector may not be broadly attractive to investors in the near term, but some of the biggest stocks in the space are positioned to be long-term winners, … Read more

Alibaba, Tencent are still China’s ‘benchmark’ techs — even as Beijing ramps up pressure, says investor

Alibaba and Tencent remain China’s top technology stocks — even as Beijing continues to ramp up regulatory pressure on its big internet firms, says Jackson Wong of Amber Hill Capital. “At this point, I can’t see any other stocks that can challenge their positions in China,” Wong, director of asset management at Amber Hill, told … Read more

Here are Thursday’s biggest analyst calls of the day: GE, Apple, Carnival, Netflix, Disney & more

Here are the biggest calls on Wall Street on Source link

Spotify jumps into the hot live audio trend with acquisition of Clubhouse rival Betty Labs

People walk by the New York Stock Exchange (NYSE) on the morning that the music streaming service Spotify begins trading shares at the NYSE on April 3, 2018 in New York City. Spencer Platt | Getty Images Spotify is moving into live audio. The company said Tuesday it will buy Betty Labs, the makers of … Read more

Stocks making the biggest moves midday: Nomura, ViacomCBS, Boeing and more

Here are the stocks making headlines on Wall Street. Nomura, Credit Suisse – Shares of both banks fell after they warned investors of significant hits caused by the forced liquidation of stock positions held by a U.S. hedge fund. CNBC and other outlets have reported that the fund is Archegos Capital Management, a multibillion dollar … Read more