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Banks. A revenge-minded hedge fund billionaire. Chinese tech giant Tencent. Amsterdam’s stock exchange.
That collection of plucky underdogs were the big winners Tuesday when Universal Music, the world’s largest record label, began trading and immediately posted massive gains.
A Business to Beliebe In
Universal — which was spun off from French entertainment....More>>>
Disney (DIS) shares declined Tuesday after the entertainment giant's top executive reportedly said fourth-quarter streaming subscription growth would be lower than expected due to headwinds related to the COVID-19 pandemic.
Shares of Disney were down 4.2% to 171.17 at closing.
CEO Bob Chapek said Disney expects to add “low single-digit millions” of streaming subscribers in the fourth quarter, according to CNBC.
Chapek, who made his comments at the virtual Goldman Sachs Communacopia Conference, said “mobilizing....More>>>
GreenSky (GSKY Quick QuoteGSKY ) shares soared 53.2% in the trading session on Sep 15 to close at $11.90. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock’s 2.5% loss over the past four weeks.
This increased investor optimism can be attributed to the news of its merger with Goldman Sachs (GS) for $12.11 per share, representing a transaction value of $2.24 billion.
Price and Consensus
This financial technology company is expected to post quarterly earnings of $0.13 per share in its upcoming....More>>>
Seek Capital — the family office of billionaire Simon Nixon — is doubling up on its cryptocurrency investment efforts.
What Happened: According to a Bloomberg report, Seek Capital's Managing Director Adam Proctor said that the firm plans to increase its “allocation to crypto as we feel it is an important area for the future.”
To achieve this, the office is now looking to hire an analyst dedicated to the crypto market.
Why It Matters: The interest in cryptocurrencies showed by family offices around the world has purportedly grown this....More>>>
Bitcoin (CRYPTO: BTC) is trading higher Thursday in a relatively quiet cryptocurrency market.
Bitcoin is nearing an interesting technical point, the golden cross, a popular moving average crossover.
How to Buy Bitcoin (BTC) • Easy Steps
Bitcoin Daily Chart Analysis
Bitcoin saw a dip after failing to break above the key resistance level of $50,000. The crypto may retest this area more in the future but if unable to break it could fall back to the support level near $30,000. Bitcoin is looking like it could see a golden crossover, where the 50-day moving average....More>>>