Circle, the firm behind the stablecoin USDC, has doubled its valuation to $9 billion following a new deal with blank-check company Concord Acquisition Corp. The two companies first revealed their plans to merge in July, in a deal that at the time valued Circle at just $4.5 billion. They have now updated the terms of
The Roku 3 television streaming player menu is shown on a television in Los Angeles, California, U.S., on Thursday, Sept. 12, 2013. Patrick T. Fallon | Bloomberg via Getty Images Check out the companies making headlines after the bell: Roku — Shares of video-streaming company dropped 12% in extended trading after the firm’s fourth-quarter revenue missed
Back in August 2021, I wrote that Shopify (NYSE:SHOP) was overvalued by any reasonable metric. At the time, SHOP stock was trading at $1,525 per share, but later it climbed to a peak close of around $1,690 on Nov. 19. Now, the stock is changing hands around the $655 mark. However, I think it’s still
When I saw InvestorPlace’s Chris Tyler’s take on Digital World Acquisition (NASDAQ:DWAC), the special purpose acquisition company poised to take Trump Media & Technology Group (TMTG) public, I found myself conflicted. In any other circumstance, I would agree wholeheartedly with his position on DWAC stock. Source: rafapress / Shutterstock And that position is simply this:
Metaverse stocks are on a tear. And it’s not surprising, considering how much investment money has been pouring into these blockchain projects lately. Imagine a world where everyone can explore their potential without any limitations — a place with no boundaries, only endless possibilities and access for all humankind. This future is possible through technology
OneMain Holdings (NYSE:OMF) is an online lending company that has a super high dividend yield — over 7% — it can sustain through earnings. In addition, the company is buying back large amounts of its stock in the public market. So it turns out OMF stock is a rare find for investors — a sustainable
A Blue Origin New Shepard rocket lifts off with a crew of six, including Laura Shepard Churchley, the daughter of the first American in space Alan Shepard, for whom the spacecraft is named, from Launch Site One in west Texas, U.S. December 11, 2021. Joe Skipper | Reuters WASHINGTON – Jeff Bezos’ space company Blue
In this article FSLY DASH The board game Monopoly by toymaker Hasbro at a toy store in New York City. Getty Images Check out the companies making headlines in midday trading Thursday. DoorDash — Shares of DoorDash jumped more than 11% after the food delivery company’s quarterly revenue turned out better than expected. DoorDash reported
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Key Takeaways Nvidia’s data center revenue beat analysts’ expectations, with growth accelerating from the previous quarter’s pace. Demand for services offered by data centers has grown rapidly during the pandemic, boosting demand for Nvidia’s chips. Nvidia posted record revenue in its gaming, data center, and professional visualization businesses. Source: Predictions based on analysts’ consensus from Visible
Lucid Group, Inc. (NASDAQ:LCID) stock has made lots of headlines since going public in the summer of 2021. Many of them havn’t been great. Until you can be sure LCID management knows what it is doing, there’s probably no need to through money at LCID Stock. Source: ggTravelDiary / Shutterstock.com LCID has losses of nearly
StoneCo (NASDAQ:STNE) provides financial technology solutions to merchants in Brazil. But shares of STNE stock have collapsed nearly 87% in the past one year. The stock has also seen losses of approximately 28% so far in 2022. Source: FOTOGRIN / Shutterstock.com Back in late December 2021, I argued that STNE stock was not a quality value
The broad-based selloff in the tech sector has battered several innovative startups. One such name is up-and-coming luxury electric vehicle (EV) company Lucid Group (NASDAQ:LCID). LCID stock has shed 35% of its value over the past three months. Despite its impressive progress and incredible outlook ahead, investor enthusiasm remains at a low ebb. Hence, it’s
The S&P 500 is down about 7% year to date. Overall, it’s down by nearly a percent in the last six months. And that’s why dependable dividend stocks are crucial for long-term investors looking to grow their wealth in good times and bad. I’m not saying that growth stocks are a bad thing. I’m just
In this article NVDA SAM TRIP CSCO AMAT CAKE FSR FSLY DASH A DoorDash sign is pictured on a restaurant on the day they hold their IPO in New York, December 9, 2020. Carlo Allegri | Reuters Check out the companies making headlines after the bell: DoorDash — DoorDash shares surged more than 32% in
At first glance, Michigan-based veterinary testing and pharmaceutical product specialist Zomedica (NYSEAMERICAN:ZOM) might sound like a great company to invest in. After all, ZOM stock is really cheap, and pet healthcare certainly sounds like a high-growth niche market. Source: Postmodern Studio / Shutterstock.com On the other hand, we have to wonder why Zomedica’s shares are so
Microsoft (NASDAQ:MSFT) has had a very eventful start to 2022. Less than three weeks into 2022 came the announcement of a blockbuster deal — its biggest ever. A week later, the company reported its second quarter of fiscal year 2022 earnings. In turn, the company topped analyst projections for both revenue and earnings. Meanwhile, PC sales
Marathon Digital (NASDAQ:MARA) stock had touched highs of $83.45 in November 2021. With a meaningful correction in Bitcoin (BTC-USD), MARA stock has corrected by 68%. It seems to me that the big decline is a good accumulation opportunity. Source: Jonathan Weiss/shutterstock.com Since Marathon Digital is a Bitcoin miner, the company’s performance depends on the price
In this article ABNB RBLX Many companies appear to be ill-equipped to thrive in a post-Covid world, CNBC’s Jim Cramer said Wednesday. “I have not seen a lot of companies who are prepared for post-pandemic. I’ve seen a lot of companies that were kind of banking on a little more pandemic,” Cramer said. The “Mad
In this article @CL.1 DVN A Halliburton oil well fielder works on a well head at a fracking rig site January 27, 2016 near Stillwater, Oklahoma. J. Pat Carter | Getty Images Russian President Vladimir Putin has long made it clear that he is no fan of U.S. shale drilling. But, if he invades Ukraine,