markets
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Making sense of the markets this week: February 13
- February 12, 2022
- Posted by: MasterAdmin
- Category: Altcoins
No CommentsEach week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
Earnings season continues, the halftime report
Last year’s Q4 financial reporting seems to be the most “normal” earnings season we’ve had in the past two years, with companies beating earnings expectations by amounts similar to long-run averages. Corporate profitability remains strong. Here is the latest report card for Q4 results-to-date, courtesy of DataTrek:
76% of reporting S&P 500 companies beat Wall Street earnings estimates.…
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Gary Vaynerchuk explains the value of NFTs: they are ‘assets to communicate who you are’
- February 11, 2022
- Posted by: MasterAdmin
- Category: Cryptocurrency
Gary Vaynerchuk on The Tonight Show Starring Jimmy Fallon
NBC Contributor/ Getty Images
Entrepreneur and influencer Gary Vaynerchuk told CNBC that NFTs are “grossly misunderstood.” Vaynerchuk, who has 2.9 million Twitter followers, is the creator behind the popular NFT series Vee Friends. “We are living more and more increasingly in a digital landscape, and NFTs become assets to communicate who you are,” he said.…
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The CEO of Uber said the ride-hailing app will ‘absolutely’ accept crypto at some point
- February 11, 2022
- Posted by: MasterAdmin
- Category: Cryptocurrency
Uber CEO Dara Khosrowshahi.
Riccardo Savi/Getty Images for Concordia Summit
Uber CEO Dara Khosrowshahi is not closing the door on accepting crypto as payment for his firm. “Is Uber going to accept crypto in the future? Absolutely. At some point,” he told Bloomberg. The executive said he and his team are constantly discussing the possibility, though some factors are holding them back.…
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Global stocks and crypto down as investors dump risk assets after US inflation hits 40-year high
- February 11, 2022
- Posted by: MasterAdmin
- Category: Cryptocurrency
Malte Mueller/Getty Images
Data on Thursday showed US inflation had risen 7.5% year-on-year, sending US stocks into the red. Equities tumbled across Asian and European markets on Friday, as investor risk appetite fell. The cryptocurrency market remained relatively stable on Friday, down slightly.
Global shares slid on Friday, after data showed US consumer inflation ran at a new 40-year high in January, fueling fears that the Federal Reserve may be behind the curve in tackling rising price pressures and prompting investors to ditch riskier assets.…
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Legendary investor Bill Miller says bitcoin is insurance against financial catastrophe – and he still has a ‘very big position’ in it
- February 11, 2022
- Posted by: MasterAdmin
- Category: Altcoins
Bill Miller, chairman and CIO of Miller Value Partners.
Heidi Gutman/CNBC/NBCU Photo Bank/NBCUniversal/Getty Images
Bitcoin is insurance against financial catastrophe, legendary investor Bill Miller told CNBC Wednesday.
Miller said he still holds a very big position in the cryptocurrency, even as it trades 36% below its record high.
He touted KPMG Canada’s allocation of bitcoin and ether to its balance sheet as a bullish move.…