Month: April 2021

Yearn Finance Earns $5M in Q1, Besting Total 2020 Profit

Yearn Finance, the robo adviser for yield of decentralized finance (DeFi), made almost $5 million in the first quarter, 30% more than it earned for all of 2020. 

The project’s second quarterly report since its inception in mid-2020 showed profits were heavily skewed toward the end of the period. 

Yearn has become one of the leading places for DeFi users seeking passive yields to entrust their funds. It rocketed to center stage in 2020 when it released its governance token, YFI, the first so-called fair launch. 

The project is effectively a decentralized autonomous organization (DAO), functioning without the same sort

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How to Buy SafeMoon | Cryptocurrency

Things change quickly in the cryptocurrency arena.

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A few weeks ago, powered by Elon Musk and Mark Cuban’s enthusiastic comments, Dogecoin was the hottest altcoin around. Now, though, Dogecoin has fallen back a bit after its tremendous run. Meanwhile, traders have turned their attention to the latest surging token: SafeMoon.

SafeMoon has had a wild April. It surged as much as 2,000%, hitting $0.0000130 at one point. However, it has fallen by roughly two-thirds from its peak to around $0.000006 now. With that sort of price volatility, it’s no surprise that traders are quickly figuring out how to

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China’s CICC Fends Off Wall Street With Hiring, Takeovers

(Bloomberg) — As global banks make inroads into China’s $15 trillion asset management market, China International Capital Corp. is launching a counter-offensive spanning from overseas acquisitions to hiring.

CICC is searching for potential targets among medium-sized, Asia-focused managers including stock houses and hedge funds, said Frank Xu, head of asset management. Without takeovers, the size of his business line is already expected to jump at least tenfold in the coming decade from a relatively low base, as mandates from commercial banks drive asset growth.

The Chinese broker is also looking for acquisitions in the wealth business as part of a

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Inside the Fight for the Future of The Wall Street Journal

In July, Mr. Murray received a draft from Ms. Story’s team, a 209-page blueprint on how The Journal should remake itself called The Content Review. It noted that “in the past five years, we have had six quarters where we lost more subscribers than we gained,” and said addressing its slow-growing audience called for significant changes in everything from the paper’s social media strategy to the subjects it deemed newsworthy.

The report argued that the paper should attract new readers — specifically, women, people of color and younger professionals — by focusing more on topics such as climate change and

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Why Did the Stock Market Fall Today? Biden Pulled the Plug

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Stocks were only moderately lower until a report that President Joe Biden was considering raising capital-gains taxes. The three major U.S. stock indexes ended materially lower.

Stocks dove Thursday on a report that President Joe Biden will propose a hefty increase in capital-gains taxes.

The

Dow Jones Industrial Average

fell 321.41 points, or 0.94%, to close at 33,815.90. The

S&P 500

dropped 38.44 points, or 0.92%, to end at 4,134.98, and the

Nasdaq Composite

tumbled 131.81 points, or 0.94%, to close at 13,818.41. The biggest gainer in the S&P 500 was credit-reporting agency

Equifax

(ticker: EFX), which saw

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Student Loan Cancellation Faces Major Setback

Student loan cancellation just faced a major setback.

Here’s what you need to know — and what it means for your student loans.

Student Loans

Student loan cancellation hit a major speedbump, not in Congress or with the president, but in court. The U.S. Court of Appeals for the Second Circuit issued a ruling last month that could make it more difficult to discharge student loans in bankruptcy. While this may not impact one-time, wide-scale student loan cancellation, the ruling could impact any borrower that seeks to cancel student loans

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Delchain Partners With Flare to Advance Seamless Cryptocurrency Transactions

NASSAU, Bahamas, April 28, 2021 /PRNewswire/ — Delchain, an innovative financial digital asset service provider looking to bridge the gap between regulated financial services and blockchain, today announces its partnership with Flare, a specialized blockchain network, with the purpose of facilitating safe, peer-to-peer transactions of cryptocurrencies on the Flare platform.

Delchain is a leading one-stop shop for blockchain financial services and aims to bridge the gap between regulated financial services and the world of cryptocurrency. 

Flare is a new smart contract platform and the first such platform to apply Federated Byzantine Agreement (FBA) consensus to smart

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Major Wall Street analysts on Apple’s second quarter earnings

Apple CEO Tim Cook delivers the keynote address during the 2020 Apple Worldwide Developers Conference (WWDC) at Steve Jobs Theater in Cupertino, California, June 22, 2020.

Brooks Kraft | Apple, Inc. | via Reuters

Wall Street analysts are largely focusing on the iPhone ahead of Apple’s second quarter earnings report on Wednesday after the bell.

The tech giant has largely done well during the pandemic driven by high demand of products like the Mac and iPad. In addition, the company debuted several updated products last week.

But now supply chain questions are emerging over the iPhone as well as sales

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Analysts see gains in store for stocks like Coinbase & Netflix

A sign is posted in front of the NVIDIA headquarters on May 10, 2018 in Santa Clara, California.

Justin Sullivan/Getty Images

With COVID-19 cases surging again around the world as well as growing concerns about the economic reopening, navigating the current financial landscape can be challenging.

In this case, the key is to look for stocks that not only appear undervalued but are also poised for gains going forward.

The names mentioned below fit the bill and have the backing of analysts with impressive stock picking abilities. TipRanks’ analyst forecasting service identifies the best-performing Wall Street analysts, or the analysts

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Stock Market Rally Retreats, Bitcoin Dives Amid Biden Capital Gains Tax Plan; Netflix, Snap, United Airlines In Focus

The stock market rally suffered declines, in part on reports that President Joe Biden will propose nearly doubling the capital gains tax rate on the wealthy. But the Dow Jones, S&P 500 and Nasdaq all closed the week only slightly lower, while the Bitcoin price plunged. Medical plays such as Tenet Healthcare (THC) and Intuitive Surgical (ISRG) soared as earnings rebound with elective procedures. Snap (SNAP) and ASML (ASML) also were earnings winners, while Netflix (NFLX) and United Airlines (UAL) sold off on results.




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Stocks Retreat Amid

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