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☆ Cathie Wood's Ark Invest says bitcoin could hit $1.5 million by 2030, doubling down on its bullishness for the world's largest cryptocurrency
▼ + stars: | 2023-02-01 | by ( Morgan Chittum | ) www.businessinsider.com time to read: +3 min

Ark Invest said bitcoin could hit nearly $1.5 million by 2030, a 6,326% increase from its current price. The famed money manager predicted bitcoin will scale unto a "multi-trillion dollar market," per a recent report. The bullish estimates come amid a severe and lengthy crypto market rut. Bitcoin is down 65% from its all-time high in November 2021, with the industry's total market value off over 64% from its peak. Since the start of the year, Ark's flagship exchange-traded fund, ARKK, bought 108,548 Coinbase shares, worth $6.3 million at its current price.

☆ NHL roundup: Panthers rally late, nip Bruins in OT
▼ + stars: | 2023-01-29 | by ( ) www.reuters.com time to read: +8 min

Barkov also assisted on Brandon Montour's goal, and Sam Bennett scored for the Panthers. Anders Lee also scored for New York, which won its second straight game and prevailed for just the third time in 13 games (3-7-3). Carrier scored the only goal for Vegas, which lost its fourth straight game (0-2-2) and fell for the seventh time in eight games (1-5-2). Jaret Anderson-Dolan and Phillip Danault scored goals for the Kings, whose three-game winning streak ended. Colorado forward Valeri Nichushkin sat out for the second straight game with an upper-body injury.

☆ 2022's best picture nominees are the most popular Oscar contenders in over a decade thanks to 'Top Gun' and 'Avatar 2'
▼ + stars: | 2023-01-27 | by ( Travis Clark | ) www.businessinsider.com time to read: +4 min

This year's batch of Oscar best picture nominees has the biggest box office total since 2009. The 2009 group totaled $1.74 billion at the North American box office. Plus, since 2009, the Oscars have gone from 10 best picture nominees, to between five and 10, and since last year, back to a full 10. The chart below shows the North American box-office totals for each group of best picture nominees since 2009. The biggest movie of a given year hasn't won best picture since "The Lord of the Rings: The Return of the King" in 2003.

☆ This small-cap fund has been killing it over the last 10 years. Here's how they do it
▼ + stars: | 2023-01-23 | by ( Alex Harring | ) www.cnbc.com time to read: +6 min

That approach aligns with the firm's Private Capital Management Value Fund (VFPIX), which focuses on holding and deeply understanding a handful of small-cap companies. Meanwhile, the broader S & P 500 lost 19.4% in 2022, while the small-cap focused Russell 2000 dropped about 21.6%, according to FactSet. About one-third of the fund's assets today are from the retirement plan assets of Private Capital Management employees. Though fund leadership understands small-caps can trade with more variability, they don't equate that with exposure to more risk. He said there are more companies to choose from, with many stocks' market caps slashed into small-cap territory in 2022's bear market.

☆ Stuck in an Underwear Rut? Five (Yes, Five) Ways Out.
▼ + stars: | 2023-01-21 | by ( Andrew Barker | ) www.wsj.com time to read: 1 min

YOUR DAD most likely wore the same model of underwear every day, be it tighty-whities or billowy boxers. One style, one brand, quite possibly even one color, day after day. But what if you wanted to experiment with underwear that’s not so obviously “your type”? Thanks to an influx of innovative startups in the past decade, there has never been as much scope for underwear infidelity. On the 2022 catwalks of Dior and Louis Vuitton, among others, the waistbands of silky boxers peeked above models’ trousers.

☆ Is it time to start paying stay-at-home parents?
▼ + stars: | 2023-01-21 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +11 min

As populations decline and Americans rethink work, it could be time to start paying parents. Like many of the stay-at-home parents Insider spoke to, Carpenter began his work in reaction to an economic reality. As workers across industries rethink what they want out of work, parents could be the final frontier. That leaves both working and stay-at-home parents to create their own economic models, and perhaps dissuades some Americans from ever becoming parents. The idea of paying parents in order to boost birth rates and ensure better outcomes for those children isn't new.

☆ NHL roundup: Caps rally for OT win over Islanders
▼ + stars: | 2023-01-17 | by ( ) www.reuters.com time to read: +8 min

Lightning 4, Kraken 1Andrei Vasilevskiy made 22 saves as Tampa Bay put an end to visiting Seattle's franchise-record, eight-game winning streak. Penguins 4, Ducks 3 (OT)Jake Guentzel scored off a two-on-one with Sidney Crosby 33 seconds into overtime to give Pittsburgh a win over visiting Anaheim. Jamie Benn, Joel Kiviranta, Ryan Suter and Tyler Seguin scored goals for Dallas, which snapped a two-game losing streak. Flyers goalie Carter Hart was pulled in the second period as Philadelphia had a three-game win streak snapped. Ottawa is mired in a 1-4-0 rut and has scored six goals in its past four games.

☆ A 23-year-old brings in up to $10,000 a month teaching Manhattan's luxury real-estate agents how to make TikTok videos
▼ + stars: | 2022-12-21 | by ( Dan Latu | ) www.businessinsider.com time to read: +5 min

Film student Lizza Prigozhina helps NYC real-estate agents market homes on TikTok, Curbed reported. A "good month," she told Curbed writer Bridget Read, means up to $10,000 in income. It's all in the name of helping real-estate agents capture eyeballs on TikTok, which they can hopefully turn into potential buyers and renters who actually pay them in commission. "Some are like, 'I can't spend money on this,'" Prigozhina told Curbed. "Alexander has a big personality," Prigozhina told Curbed.

While governments worldwide are grappling with high inflation and low growth, UK policymakers are still rebuilding fiscal and political credibility following the brief, chaotic premiership of Liz Truss. Worries about growth are leading some investors to limit their holdings of the pound and British debt. Reuters GraphicsForeign investors have traditionally been attracted by Britain's strong rule of law, stable governance and thriving financial and professional services sector. In the latest data, up to the second quarter of this year, FDI represented more than half the net outflow - a result of strong UK investment abroad but weak inward investment too. Stephen Welton, executive chairman of major growth capital investor BGF, said attracting foreign investment was like a global competitive sport - one that Britain had previously excelled at.

☆ Ford F-150 Lightning named MotorTrend Truck of the Year, the second electric pickup in a row
▼ + stars: | 2022-12-13 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +4 min

CNN —The Ford F-150 Lightning was named MotorTrend’s 2023 Truck of the Year on Tuesday, making it the second electric pickup in a row to win that award. MotorTrend’s panel of judges lauded the F-150 Lightning as “the best-riding, best-handling, and best-driving F-150 yet.” Unlike other versions of the F-150, the Lightning has independent rear suspension instead of a solid axle connecting the back wheels. It’s also another sign that electric power is making its mark among America’s most popular type of vehicle. The Ford F-150 Lightning has a large storage area under the hood instead of a gas engine. The F-150 Lightning was a unanimous winner among the MotorTrend’s seven jurists.

☆ Tired of Spotify’s Algorithm? These 5 Apps Help You Discover Music in New Ways
▼ + stars: | 2022-12-08 | by ( Lina Abascal | ) www.wsj.com time to read: 1 min

BOTH APPLE MUSIC AND SPOTIFY have catalogs of over 80 million songs, but for many music lovers, access to these giants’ seemingly limitless options hasn’t translated to more diversity in listening habits. When an algorithm limits discovery, all roads seem to lead to Drake, Dua Lipa or whatever rut you’re in, even though these platforms upload new songs everyday. If you’re ready to break that musical routine, plenty of platforms that have been launched in recent years by both established players and tech upstarts offer wildly different ways to seek out new music. Also worth your consideration: services that have been around for a while, but haven’t been adopted as widely by folks outside the audio industry. Here, five apps to try—all, unless noted, are available to download on both Apple and Android phones.

☆ NHL roundup: Kasperi Kapanen's hat trick sends Pens past Blues
▼ + stars: | 2022-12-04 | by ( ) www.reuters.com time to read: +9 min

Oskar Sundqvist scored the only goal of the game for Detroit, which lost its third straight game. Toronto's Mitch Marner scored twice to set a club record with 19th straight games with a point. Bruins 5, Avalanche 1David Pastrnak and Trent Frederic each scored twice as the host Bruins cruised past the Avalanche. Tomas Hertl scored twice for the Sharks, who have lost five of six (1-4-1). Panthers 5, Kraken 1Carter Verhaeghe scored twice and Sam Bennett had three assists as Florida defeated host Seattle, ending the Kraken's franchise-record seven-game winning streak.

☆ Wall Street Week Ahead: Wall Street hunts for recession plays to weather potential 2023 turbulence
▼ + stars: | 2022-12-02 | by ( David Randall | ) www.reuters.com time to read: +5 min

JPMorgan, Citi and BlackRock are among those who believe a recession is likely in 2023. Nevertheless, many on Wall Street are increasing allocations to areas of the market that have a reputation for outperforming during uncertain economic times. The S&P 500 Health Care sector is down around 1.7% year-to-date, handily beating the broader index's performance. JPMorgan's analysts forecast a "mild recession" and expect the S&P 500 to test its 2022 lows in the first quarter of next year. Signs of ebbing inflation have fueled hopes that the Fed may tighten monetary policy less than expected, supporting a rebound in the S&P 500 that has buoyed the index from its October low.

☆ Sam Bankman-Fried just explained what happened at FTX: Everything to know
▼ + stars: | 2022-12-01 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

While the world's most powerful finance official took the lunchtime billing, it was Sam Bankman-Fried who held the primetime slot. Sam Bankman-Fried, FTX CEO, at a digital assets hearing in 2021. Within minutes of starting, Sorkin asked Bankman-Fried directly if there was a commingling of funds between the two now-bankrupt companies he founded, FTX and Alameda Research. When Sorkin asked whether Bankman-Fried feels he has any criminal liability, Bankman-Fried said that's not what he's focused on right now. Earnings on deck: Toronto-Dominion Bank, Bank of Montreal, and Dollar General Corporation, all reporting.

☆ A tech rebound may be needed for a full market recovery. These are the stocks that could lead
▼ + stars: | 2022-11-26 | by ( Samantha Subin | ) www.cnbc.com time to read: +5 min

The S & P 500, meanwhile, is down 15.5% this year, dragged down by the communication services and information technology sectors, along with consumer discretionary. The Nasdaq is up 6% in the fourth quarter, while the S & P 500 has surged 12% in that time. But, some investors think tech's cooperation will be needed for the market to bounce back from this bear market. "[Tech stocks] have to participate, they have to move up to get a big market move," the company's co-chief investment officer said. Tech stocks that could lead Given this backdrop, CNBC Pro searched for stocks in the Nasdaq 100 — which is made up of the 100-largest Composite stocks — that could lead tech out of its rut.

☆ Top Wall Street analysts like these stocks amid the macro uncertainty
▼ + stars: | 2022-11-20 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +6 min

The stock market is closed on Thursday for Thanksgiving Day, and it's set to close at 1 p.m. on Friday. Here are five stocks chosen by Wall Street's top pros, according to TipRanks, a platform that ranks analysts based on their past performance. VMwareSoftware company VMware (VMW) is awaiting antitrust approval before it is acquired by Broadcom (AVGO). White ranks at the 657th position among a roster of more than 8,000 analysts on TipRanks. 956 among more than 8,000 analysts followed on TipRanks, Petusky has a success rate of 50% with his ratings.

☆ Wall Street has made serious strides to embrace crypto this year. But after FTX's implosion, a regulatory crackdown is imminent.
▼ + stars: | 2022-11-15 | by ( Morgan Chittum | Rebecca Ungarino | ) www.businessinsider.com time to read: +7 min

In a stunning downfall, crypto platform FTX filed for Chapter 11 bankruptcy protection on Nov. 11. Crypto sentiment from Wall Street giants has come a long way over the past few years. After FTX's disaster, a crackdown on digital assets is imminent. Prominent government officials quickly spoke out against the crypto platform last week. Gensler says that the agency's aggressive stance on digital assets is an effort to protect investors and may encourage further crypto adoption.

☆ NHL roundup: Flames hold off Kings 6-5
▼ + stars: | 2022-11-15 | by ( ) www.reuters.com time to read: +2 min

Mandatory Credit: Sergei Belski-USA TODAY SportsNovember 15 - Tyler Toffoli and Elias Lindholm each had a goal and two assists for the Calgary Flames in a 6-5 win against the visiting Los Angeles Kings on Monday night. Adam Ruzicka had a goal and an assist, and Jacob Markstrom made 24 saves for the Flames, who have won two in a row. Jonathan Huberdeau, Andrew Mangiapane and Brett Ritchie also scored for Calgary, and Nazem Kadri registered two assists. Anze Kopitar and Adrian Kemp added Los Angeles' other goals, and Drew Doughty logged two assists. Jordan Binnington had 45 saves and Pavel Buchnevich added two assists for the Blues, who have won three straight.

"It takes off the table the risk that the Fed will have to overtighten and break the economy." The inflation data prompted traders to adjust their rate hike bets, with odds of a 50-basis point rate hike in December jumping to more than 80% from 52% before the data was released. The CBOE volatility index (.VIX), also known as Wall Street's fear gauge, fell to a near two-month low of 23.4 points. Wall Street's main indexes have suffered sharp losses this year as investors feared the U.S. central bank's aggressive rate hikes to tame decades-high inflation will tip the economy into recession. The S&P index recorded 13 new 52-week highs and no new low, while the Nasdaq recorded 70 new highs and 93 new lows.

☆ Making daylight saving permanent could drastically reduce deer collisions, study finds
▼ + stars: | 2022-11-02 | by ( Evan Bush | Evan Bush Is A Science Reporter For Nbc News. He Can Be Reached At Evan.Bush Nbcuni.Com. | ) www.nbcnews.com time to read: +5 min

It also adds more ammunition to the charged debate over seasonal time changes and could bolster political arguments for moving the U.S. to permanent daylight saving time. Daylight saving time is when many parts of the world set clocks back by one hour to shift sunlight earlier in the day, meaning sunsets then happen earlier. The U.S. Senate in March approved a bipartisan bill that would make daylight saving time standard for all states except Arizona and Hawaii. States in the northern U.S. would reduce collisions most from permanent daylight saving. “On the whole, we need a comprehensive cost-benefit analysis of the way daylight saving time impacts our health and environment,” Cunningham said.

☆ Meme stock rally could be sign that investor appetite for risk is returning
▼ + stars: | 2022-10-31 | by ( David Randall | ) www.reuters.com time to read: +3 min

The stock's Monday volume, which stood at over 10 million shares after the close, far exceeded the 506,000 shares investors have shorted, he said. "There is no way today’s price move is due to a short squeeze, it is virtually all long buying pressure," Dusaniwsky said. Many meme stocks have been pounded this year as the Federal Reserve tightens monetary policy, sapping investors’ appetite for risk. Shares of GameStop Corp (GME.N), which put meme stocks into the spotlight with its epic rally in 2021, are down 24% for the year to date while AMC Entertainment Holdings Inc (AMC.N) has fallen 60%. "If that’s the case that would further tamp down Treasury yields and create a tailwind for equities."

☆ 'Don't end up in a lopsided portfolio.' Here's what advisors say to do if you’re worried about tech exposure
▼ + stars: | 2022-10-31 | by ( Lorie Konish | ) www.cnbc.com time to read: +2 min

Investors who are worried about the tech sector can take comfort in the fact the current shift is not the same as the bust of 2000, according to Raymond James chief investment officer Larry Adam. watch nowThe biggest names in the pure tech sector — Apple , Microsoft and Visa — make up more than 45% of earnings in that space, according to Adam. Alphabet and Meta , which are technically in communication services, represent 53% of the earnings in that sector. "It's always about making sure you don't end up in a lopsided portfolio," Viktorin said. For example, someone who works in tech is already taking on substantial risk outside of their portfolio because their income is dependent on the sector, Viktorin said.

☆ Bitcoin's break above $20,000 has investors wondering if the crypto bottom is in. Here's what analysts say
▼ + stars: | 2022-10-30 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +4 min

October is a historically strong month for crypto, but this month, prices and volatility have been relatively flat. Don't call it a bottom yet The odd inactivity has investors wondering if the crypto market could be turning for the better and breaking out of this year's rut. That, combined with the recent low volatility, would provide more evidence of a bottom, but bitcoin today is still leaving derivative exchanges. "For low price volatility to be associated with bottoms, the portion of bitcoin inflows into exchanges dominated by whales ought to be relatively low," he said. CryptoQuant also analyzed bitcoin's MVRV, or market value to realized value, ratio, which shows crypto hasn't gone into undervalued territory.

☆ A filmmaker sees rising fame, but grapples with his future if DACA ends
▼ + stars: | 2022-10-26 | by ( Associated Press | ) www.nbcnews.com time to read: +6 min

LOS ANGELES — Under a string of golden street lights, the directions roll off Jorge Xolalpa’s tongue interchangeably in English and Spanish as he paces the sidewalk with a cameraman by his side. Moments like these are precious to Xolalpa, whose eyes dart with excitement as he describes his love of film. Xolalpa was nine in 1998 when his mother collected him from school in Mexico and took him to catch an airplane bound for Los Angeles. He said his mother was escaping his abusive father, and that she sold toys and T-shirts in Los Angeles’ densely packed downtown streets to make ends meet. Xolalpa said he didn’t initially apply for DACA, fearing his family could be deported if he handed his personal information to immigration authorities.

☆ Wall St Week Ahead Investors wonder when vicious sell-off in U.S. stocks will end
▼ + stars: | 2022-09-23 | by ( David Randall | ) www.reuters.com time to read: +5 min

The S&P 500 is down more than 22% this year. If the S&P 500 closes below the mid-June low in the days ahead, that may prompt another wave of aggressive selling, Stovall said. Goldman Sachs, meanwhile, cut its year-end target for the S&P 500 by 16% to 3,600 points from 4,300 points. "The increased probability of breaking the June S&P 500 price low may be what it takes to invoke even deeper fear. A recession would likely push the S&P 500 to trade between 3,000 and 3,500 in 2023, Jolly said.

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