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Cryptocurrencies

“Bitcoin will eventually hit ‘$1 million a coin,’ CoinDesk editor predicts”

““Bitcoin is going to $1 million a coin,” CoinDesk Learn Editor Ollie Leech said. “I actually believe that it will, at some stage, with just the scarcity aspect alone, it makes it an incredibly exciting asset to hold… Bitcoin is… Continue Reading…

Stocks

“GameStop to Offer Up to $1 Billion in Shares; Stock Declines”

“GameStop Corp. fell early on Monday after the company said it may sell up to $1 billion worth of additional shares in an at-the-market equity offering program. Shares of the video game retailer declined more than 15% to $160.96 as… Continue Reading…

Economy

“Oil prices up more than $1 on growing global economy optimism”

“Oil prices rose more than $1 on Monday on optimism in the global economy thanks to progress in a huge U.S. stimulus package and on hopes for improving oil demand as vaccines are rolled out. Brent crude futures for May rose… Continue Reading…

Banking, Business

“Morgan Stanley tops analysts’ revenue estimates by $1 billion on stronger-than-expected trading”

“The bank said Thursday in a release that profit jumped 25% from a year earlier to $2.72 billion, or $1.66 per share, exceeding the $1.28 estimate of analysts surveyed by Refinitiv. It generated revenue of $11.7 billion, 16% higher than a year… Continue Reading…

Stocks

“A Tale of 3 IPO Stocks; 2 to Buy and 1 to Avoid”

“Sumo Logic (SUMO)… In its short time on the public markets, SUMO has garnered 5 Buy reviews and 3 Holds, making the analyst consensus rating a Moderate Buy. The stock is priced at $22.19; it has an average price target of… Continue Reading…

Stocks

“Morgan Stanley Picks 2 Stocks to Buy (and 1 to Avoid)”

“Aptiv PLC (APTV)… The Street agrees that APTV is a buying proposition, and the analyst consensus rating here is a Strong Buy. That rating is a based on 8 reviews, including 6 Buys and 2 Holds. The stock is currently selling… Continue Reading…

Personal Finance

“Retiring with $1 million: How much you should save every month, broken down by age”

“…In fact, only 47% of retirees think they’ve built a large enough nest egg to last the rest of their lives, according to a 2020 survey conducted by the Transamerica Center for Retirement Studies. If your goal is to save $1 million, you’ll need… Continue Reading…

Economy

“First-time jobless claims fall below 1 million for the first time since March”

“Another 963,000 Americans filed for regularfirst-time unemployment benefits last week on a seasonally adjusted basis — the first time in five months that number has dipped below 1 million, the Department of Labor said Thursday. It was the lowest number of weekly… Continue Reading…

Business, Economy

“Companies are taking on another $1 trillion in debt”

“Powered by ultra-low interest rates, corporate borrowing was already at an-all time high before the pandemic. Now, as cash-strapped companies frantically try to shore up their balance sheets, debts are expected to get even bigger. What’s happening: Corporate debt is poised to soar… Continue Reading…

Business

“Office Depot Plans 1-for-10 Reverse Stock Split”

“Office Depot  (ODP) – Get Report said it would execute a 1-for-10 reverse stock split after the close of trading June 30. In an April 28 Securities and Exchange Commission filing, the Boca Raton, Fla., chain had said the increased price resulting from the split would… Continue Reading…