Identifying them is not always a simple task, but businesses that successfully position themselves to ride such tailwinds can enjoy long stretches of growth in both revenue and net income. Acting as an effective middleman between merchants and consumers is PayPal (NASDAQ: PYPL).
- Simply Wall St.
When people think of photo editing, the first thing to come to most people’s mind is “Photoshop”. This isn’t too surprising, given that since 1990, when that program was first released, it has been the leader and industry standard for image editing software around the world.
- Motley Fool
Demand for the company's services is strong, but investors may be concerned about slumping profits in 2021.
- USA TODAY
Higher bond yields have arrived. Now investors have to consider what, if any, changes to make to their portfolios.
- Argus Research
Intuit Corp. provides financial management and compliance products for small businesses, self-employed individuals, consumers, and accounting professionals in the U.S. and worldwide. QuickBooks software and related products are widely used for payroll, payment processing, point of sale, and accounting. TurboTax is the global leader in tax preparation software, serving the professional and DIY markets. In December 2020, Intuit acquired Credit Karma.
- Simply Wall St.
Today we'll do a simple run through of a valuation method used to estimate the attractiveness of NeoGenomics, Inc...
When it comes to funding health programs, the federal government aims to help the public with various expenses. Medicare receives the second-largest allocation of taxpayer dollars right after Social...
(Bloomberg) -- Facebook Inc. has widened a ban on pages linked to Myanmar’s military and barred advertising from affiliated commercial entities, stepping up its restrictions after the coup in the Southeast Asian nation.The Menlo Park, California-based social media giant’s ban extends to Instagram as well as Facebook and includes military-controlled state and media entities, building on earlier suspensions of pages linked to the armed forces.Treating the situation as an emergency, Facebook has been mobilizing Myanmar nationals with native-language skills to help moderate content, putting additional protections in place for journalists and curbing the reach of military spokespeople and misinformation. Myanmar’s ruling regime had earlier this month called on internet service providers to block access to Facebook.“Today, we are banning the remaining Myanmar military (‘Tatmadaw’) and military-controlled state and media entities from Facebook and Instagram, as well as ads from military-linked commercial entities,” Facebook said in an emailed statement. “Events since the February 1 coup, including deadly violence, have precipitated a need for this ban. We believe the risks of allowing the Tatmadaw on Facebook and Instagram are too great.”Read more: Facebook Curbs Myanmar Army Content as Protests IntensifyHaving previously been accused of inaction in the face of political turmoil fomenting on its platforms, Facebook is taking on a more active role in a conflict it sees as clear-cut. The U.S. government has condemned the Feb. 1 coup and President Joe Biden has put sanctions in place against its leaders. Facebook said it based its decision on information from the United Nations Fact-Finding Mission on Myanmar as well as “efforts to reconstitute networks of Coordinated Inauthentic Behavior that we previously removed, and content that violates our violence and incitement and coordinating harm policies, which we removed.”The new ban implemented today will remain in effect indefinitely, though it doesn’t include “ministries and agencies engaged in the provision of essential public services,” the company said, citing the Ministry of Health and Sport and the Ministry of Education as remaining accessible on its platforms.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Americans can’t file their income taxes fast enough — but they should brace for some unwelcome news in their 2020 returns
As of Feb. 19, only 8 full days into the 2021 filing season, the IRS received 34.69 million individual returns.
The U.S. House votes Friday on a bill to give you a third payment. Could there be another?
- Yahoo Finance
Charlie Munger: It's 'absolute insanity' to think owning 100 stocks instead of five makes you a better investor
Munger says the argument for diversification should be called 'diworsification.'
Here's what still has to happen, including the big vote scheduled for Friday.
(Bloomberg) -- Shares of GameStop Corp. doubled yesterday and jumped another 19% today. Options traders think the stock can do much better than that.The most-active option traded on the stock Thursday was a contract betting that GameStop shares would spike to $800 on Friday. Some 52,000 contracts changed hands during the session betting on this one-day gain of 636%For other options traders, it was a question of when GameStop would hit the $800 mark, not if. The seventh and eighth most-active contracts were call options wagering that the stock would reach $800 by next Friday or in three weeks. It’s hard to say whether the contracts were mainly bought or sold, two traders said.“It’s speculation gone wild, pure and simple,” said Steve Sosnick, chief strategist at Interactive Brokers LLC. “It is Exhibit A in the nuttiness that is associated with GameStop.”GameStop’s Reddit-driven roller-coaster ride that roiled markets last month is continuing this week, with shares more than doubling in the final 90 minutes of trading on Wednesday and rising as much as 101% on an intraday level on Tuesday. The rally came as popular tech names from Tesla Inc. to Zoom Video Communications Inc. were battered after U.S. 10-year Treasury yields spiked to 1.6%.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
(Bloomberg) -- The world’s biggest Bitcoin fund is selling off faster than the cryptocurrency itself.The $32 billion Grayscale Bitcoin Trust (ticker GBTC) has plunged 20% this week, outpacing a 13% decline in the world’s largest cryptocurrency. GBTC’s once-massive premium to its underlying holdings has evaporated as a result, with the price of GBTC closing 0.7% below its underlying holdings on Wednesday -- the first discount since March 2017, according to data compiled by Bloomberg.The vanishing premium suggests that after billions poured into GBTC as investors sought exposure to Bitcoin’s dizzying rally, investors are looking for the exits as the climb stalls, according to Bloomberg Intelligence.“This is panic or profit-taking selling,” said Eric Balchunas, BI’s senior ETF analyst. “It’s almost like the price of GBTC is an amplified version of Bitcoin price.”Bitcoin surged to a record of over $58,000 last weekend, but has stumbled since. The cryptocurrency fell another 1.4% on Thursday, on pace for its worst weekly pullback in a year.Michael Sonnenshein, chief executive officer of Grayscale Investments, acknowledged the risk of GBTC’s premium disappearing while speaking in a panel for the Bloomberg Crypto Summit on Thursday.“It’s certainly a risk, no question about it, but ultimately price discovery in GBTC every day is driven entirely by market forces,” Sonnenshein said.(Updates with comments from Michael Sonnenshein of Grayscale in the sixth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Ivanka Trump and Jared Kushner have filed their final financial disclosure forms (known as OGE 278e), covering their non-governmental income for 2020 and the first few weeks of 2021. Both give a...
What Happened: The largest crypto exchange in Southeast Asia, Philippines-based PDAX, experienced a technical failure that led to Bitcoin trading at $6,000 – an 88% discount to its current price. Following the incident, PDAX asked its customers to return their Bitcoins, threatening legal action, a local news outlet Bitpinas has reported. According to the exchange’s CEO, the system error was not due to a hack but a technical “glitch” caused by a massive surge in trading activity. Why It Matters: The initial outage is said to have taken place on February 18; however, since then, reports have surfaced on social media of customers being locked out of their exchange accounts and being asked to “return their Bitcoin.” “After almost 24 hours, they sent me a demand letter and SMS, requesting me to transfer back the BTC, or they “may” be compelled to take legal actions against me.” said one trader who believed his purchase was well within his rights without violating any laws or regulations of the trading platform. See also: How to Buy Bitcoin (BTC) Rafael Padilla, an attorney representing the affected users who are currently locked out of their accounts, commented on the issue on Facebook. “Our client’s trade transaction was legitimate under applicable laws, decided cases, and of course according to PDAX’s very own terms and conditions/user agreement.” According to Padilla, PDAX has opted to lock users out of their accounts because it cannot unilaterally reverse the transactions. An official statement from PDAX claims that 95% of accounts have been restored, but according to the report, many users are still locked out of their accounts. “It’s very understandable that a lot of users will feel upset they were able to buy what they thought an order was there for Bitcoin at very low prices. But unfortunately, the underlying Bitcoins were never in the possession of the exchange, so there’s never really anything there to be bought or sold, unfortunately.”, said PDAX CEO Nichel Gaba in a press conference earlier today. Image: vjkombajn via Pixabay See more from BenzingaClick here for options trades from BenzingaElon Musk's Tweet About Dogecoin Sends Price Up 10% In 30 Minutes AgainMicroStrategy Buys Additional .026B Worth Of Bitcoin, Surpasses Tesla's Bitcoin Holdings© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- LA Times
Engine failures on commercial planes happen with some frequency. Modern jets are designed to fly safely for a while even after one engine quits.
Microsoft Corporation (NASDAQ: MSFT) founder Bill Gates is concerned about Bitcoin’s impact on climate change. What Happened: “Bitcoin (CRYPTO: BTC) uses more electricity per transaction than any other method known to mankind,” Gates told CNBC’s Andrew Sorkin in a live-streamed Clubhouse session on Wednesday. Researchers at Cambridge have found that by consuming over 121.36 terawatt-hours (TWh) a year, BTC electricity consumption is more than the whole of Argentina. In fact, some critics have argued that when an electric car company like Tesla Inc (NASDAQ: TSLA) invested $1.5 billion in Bitcoin, it unwittingly may have undermined its environmental image. See also: How to Buy Bitcoin (BTC) Why It Matters: Gates went on to tell Sorkin that there was a more efficient way of doing digital currency that wouldn’t require such high usage of electricity. Gates seemed to hint that a digital currency might be in the works at his foundation. “There are other ways of doing digital currency that our foundation is involved with which are done in local currency,” he said. “The transactions are not secret, they’re reversible. You can’t use it for ransom or things like that, and yet the transaction fees are so low that it's empowering the poorest.” What Else: While the energy requirements to mine and produce Bitcoin are still considerably high, cryptocurrency analytics firm Arcane Research finds that Bitcoin contributes to only 2.3% of digital tech emissions. Bitcoin’s climate footprint of 37Mt CO2 is still minuscule compared to other digital industries. The total GHG emissions from digital tech are estimated to 1600Mt, with Bitcoin contributing to roughly 2.3% of the digital tech emissions. pic.twitter.com/n3hWiFfpxm — Arcane Research (@ArcaneResearch) February 16, 2021 Image: World Economic Forum via Wikicommons See more from BenzingaClick here for options trades from BenzingaCrypto Exchange Asks Customers To Return Bitcoin After Selling It At 88% DiscountElon Musk's Tweet About Dogecoin Sends Price Up 10% In 30 Minutes Again© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- Yahoo Finance
A medical graduate who had about $440,000 in student debt saw 98% of his loans cancelled by a bankruptcy court in California, according to a recent filing.
- Motley Fool
As the public waits on a third stimulus check, some lawmakers are voicing opposition to a key portion of the bill that would allow for those payments.
(Bloomberg) -- State Street’s $786 million exchange-traded fund investing in retailers was only just recovering from its last brush with GameStop Corp. Now it’s all happening again.The SPDR S&P Retail ETF (ticker XRT) is being distorted by the bricks-and-mortar seller of video games for a second time, just a few weeks after losing 80% of its assets in January’s meme-stock drama.GameStop is on another tear, surging roughly 50% on Thursday after a 104% gain the previous day. That’s a problem for XRT because it’s supposed to hold an equal amount of each stock, but it doesn’t rebalance swiftly enough to counter GameStop’s jump.The company now makes up about 5.9% of the fund. It should be more like 1%.Last time around, GameStop’s weighting eventually ballooned to 20% of XRT, prompting an exodus from the fund. It took about three weeks for assets to recover -- they hit the highest level since 2018 on Tuesday, just before the latest bout of meme-stock madness.With GameStop’s sudden revival, there could be more pain ahead of the passive fund’s March rebalance, according to CFRA Research’s Todd Rosenbluth.“Investors in XRT have seen this movie before, with GameStop quickly dominating the normally equally weighted portfolio before falling sharply,” said Rosenbluth, CFRA’s director of ETF research. “With no limits on position sizes and the rebalance nearly a month away, the risk is high that the stock will drive performance up and down. Some may not want to stick around to see if the sequel is any better.”Of course, GameStop’s rally in January was on a different scale -- it soared 1,600%, powering XRT to monthly gains of about 37%. That was a record for the normally staid ETF. But when the retailer plunged, the ETF was hit, and XRT remains around 5% lower in February despite a boost from GameStop this week.Such whiplash may dim XRT’s appeal as a portfolio hedging tool, according to Citigroup Inc.’s Scott Chronert.“When you have a stock-specific circumstance like this one, it might mess up how the hedging aspect is working,” Chronert said in an interview earlier this month. “If you’re looking to hedge a long book of retail or consumer names, the weighting impact on the broader sector ETF might not be a very good hedge because it’s dominated by a single name.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.