Goldman Digital Asset Lead Sees Mergers Ahead for Crypto Infrastructure Providers

A Goldman Sachs executive predicts there may be consolidation coming for cryptocurrency infrastructure providers as the market matures.  In a recent company podcast, Matt McDermott, global head of digital assets for Goldman Sachs Global Markets Division, hinted that “incumbent banks” – like Goldman – could face pressure to increase their crypto business lines, with one […]

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Gold Price Futures (GC) Technical Analysis – Strong Move Over $1711.70 Could Mean Gold Hit Bottom on Friday

Gold futures finished slightly lower on Friday after clawing back earlier losses. Despite reports in the press and from some lazy analysts, the market did not make its low of the session following the release of the stronger-than-expected U.S. Non-Farm Payrolls report. During the pre-market session, gold futures hit a low of $1683.00. Shortly after […]

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Your auto insurance company owes you a COVID ‘stimulus check,’ new lawsuits say

Your auto insurance company owes you a COVID ‘stimulus check,’ new lawsuits say Now that President Joe Biden’s $1,400 stimulus checks are headed for a final vote in Congress, consumer advocates are putting renewed pressure on auto insurance companies to provide some more COVID stimulus cash of their own. In a set of class-action lawsuits […]

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XPeng Reports Earnings Monday, Here’s What To Expect.

Text size The interior of an Xpeng P7 EV outside the New York Stock Exchange in New York Jeenah Moon/Bloomberg Chinese electric vehicle maker XPeng reports earnings Monday before the market opens for trading. Bullish investors hope results will stop the stock’s recent slide. Here’s what to expect Monday morning, along with some recent history. […]

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Bitcoin Retakes $50K on US Stimulus Progress; Uniswap’s UNI Cracks the Top 10

Bitcoin, a perceived store of value asset, trades higher on Sunday, with U.S. President Joe Biden on the verge of passing an historic $1.9 trillion fiscal stimulus plan aimed at accelerating economic recovery.  The top cryptocurrency is changing hands near $50,500 at press time, representing a 4% gain on the day, having clocked a high […]

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AT&T, Chevron, Oracle, Verizon, T-Mobile and Other Stocks for Investors to Watch This Week

Text size It’s a relatively quiet week on the earnings calendar, with fourth-quarter earnings season in the rearview mirror. On Monday, Casey’s General Stores and Stitch Fix report. Campbell Soup and Oracle release earnings on Wednesday. And DocuSign, JD.com, and Ulta Beauty announce their results on Thursday. The big three U.S. telecom companies all host […]

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Qualcomm Stock Positioned to Rally From Q1 Earnings Sell-Off

Qualcomm, Inc. (NASDAQ:QCOM) was having a pretty decent 2021, until the company reported its first-quarter earnings. After closing at $164.78 on Feb. 2, QCOM stock went into a steep decline. Currently trading at around $129, shares have dropped about 20%. Some investors have seen this as a sign that the company’s 2020 surge is over, […]

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