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Gene Munster Breaks Down Alphabet's Overlooked Businesses
Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) reported fourth quarter results that included an earnings miss and a revenue beat. The quarter is notable because it included a lot of commentary on Alphabet's lesser known and discussed business units, according to former Wall Street analyst turned venture capitalist Gene Munster. Artificial Intelligence Google's head Sundar Pichai continues to convey the message
There is Now Growing Concern That the Price of Bitcoin is Being Artificially Manipulated
Bitcoin briefly plunged below $8,000 on Friday for the first time since November, as the 2018 slump for cryptocurrencies continued, leading economist Nouriel "Dr. Doom" Roubini to call it the “biggest bubble in human history,” according to Bloomberg. But while Roubini tells Bloomberg Television that the "mother of all bubbles" is now crashing, some investors are worried about something else
Facebook Bans Ads Promoting Cryptocurrencies and ICOs
Facebook announced this week that it has banned advertisements that "promote financial products and services that are frequently associated with misleading or deceptive promotional practices," including ads for initial coin offerings and cryptocurrencies. Having faced significant criticism for its role in the alleged meddling of the 2016 U.S. election by allowing thousands of Russian-backed ads on its platform, Facebook appears
Jack Dorsey's Square is Latest to Enter the Bitcoin Trading Space
A week after Robinhood announced that it would be offering zero-fee cryptocurrency trading on its app starting this month, the mobile wallet Cash App, developed by Jack Dorsey's Square, says it will allow Bitcoin trading on its platform. In announcing the new feature, Cash App gave a short history of bitcoin - from its origins as the brainchild of the
Cryptocurrency Ratings Agency Explains Bitcoin's C+ Grade
With wild swings in value and the rise of countless cryptocurrencies beyond bitcoin, an independent rating system for individual currencies makes sense. Enter Weiss Ratings, the Florida-based research firm founded by Martin Weiss in 1971. The sector's market turmoil created a need for an impartial rating system based on objective data and research, Martin Weiss told Benzinga. “The primary drivers
Report: Samsung is Manufacturing Chips For Cryptucurrency Mining
Samsung is manufacturing ASIC chips to be used in mining bitcoin, ether and other cryptocurrencies, the company has confirmed to TechCrunch. While a Samsung spokesperson told TechCrunch that the company's "foundry business is currently engaged in the manufacturing of cryptocurrency mining chips," it would not provide any other details on its operation. However, it's entry into crypto mining chip space
The Fintech World Responds to Market Focus on Cryptocurrencies
Cryptocurrencies like bitcoin have been all the rage in recent months, and the fintech market has stepped up its game to provide investors with exciting and creative new ways to play the latest investing trend. Bitcoin and other cryptocurrencies have been popular alternative investments for a while now, but concerns over extreme volatility and potential risk to investors has kept
Amazon, Berkshire Hathaway and JPMorgan Are Forming Independent Healthcare Company to Service Their U.S. Employees
Amazon, Berkshire Hathaway and JPMorgan Chase announced on Tuesday that they are teaming up to form "an independent company that is free from profit-making incentives and constraints" that will service the healthcare needs of their employees in the United States. While the press release announcing the partnership is fairly scant on details, it notes that "initial focus of the new
One of Japan's Largest Cryptocurrency Exchanges Confirms it Lost About $533M in Crypto Coins
Coincheck has confirmed that roughly 58 billion yen ($533 million) were lost in what is likely the biggest such loss of digital currency ever, CoinDesk reports. The coins were apparently lost when they were sent "illicitly" from an outside venue, according to Bloomberg. After hours of speculation, Coincheck Inc. co-founder Yusuke Otsuka said during a late-night press conference at the
JPMorgan's Top Tech Ideas For 2018: Buy Zebra, Short Garmin
Hardware stocks are well positioned to generate a "solid" return for investors in 2018, analysts at JPMorgan said in an industry-wide report. Among the entire group, the firm's top picks include: Flex Ltd (NASDAQ: FLEX), NCR Corporation (NYSE: NCR), TTM Technologies, Inc. (NASDAQ: TTMI), and Zebra Technologies Corp. (NASDAQ: ZBRA). On the other hand, the firm's top short ideas for