The Internal Revenue Service tweaked its annual tax instructions to account for non-fungible tokens (NFTs), replacing the term “virtual currency” with “digital assets,” which includes NFTs. The move comes as cryptocurrency regulations develop around the world, and some aspects of the market, such as NFTs, are tougher to categorize than others. The rise of NFTs
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As the market pulls back, it’s time to go bargain hunting. In fact, some of the biggest opportunities may be found on this list of top metaverse stocks to buy to get rich. According to analysts at Emergen Research, the metaverse market could be worth up to $828.95 billion by 2028. These analysts believe that
After outdoing its recent peaks with a new spike to 7.55% last Thursday, the 30-year mortgage average has retreated almost a third of a percentage point. Today’s National Mortgage Rate Averages Thirty-year mortgage rates came down another five basis points Tuesday, lowering the 30-year average to 7.22%. The flagship average had recorded a new 20-year
Although contrarianism captured headlines through the first two years of the coronavirus pandemic, it’s now time for investors to consider the topic of short-squeeze stocks to sell before traders cash out. Fundamentally, when bears target weak companies, it’s usually for glaring vulnerabilities. Bidding such equities up doesn’t usually represent a high probability of success. In
Who’s investing in sports wagering company DraftKings (NASDAQ:DKNG)? Plenty of retail traders, sure, but also some big banks and even a firm led by the one and only Cathie Wood. This, along with a current deal with Amazon (NASDAQ:AMZN) and a potential deal with Disney (NYSE:DIS), should make DKNG stock investors all the more confident in their
Many individuals and families around the world use surrogacy to start a family. Nearly 31,000 Americans had a baby through surrogacy between 1999 and 2013. There are many reasons people choose surrogacy including infertility, health complications, being in a same-sex relationship, or being single. “The average cost of surrogacy for US-based intended parents is $100,000
Chamath Palihapitiya, Social Capital Founder and CEO CNBC A new buyback tax has motivated more and more SPAC sponsors to close up shop before the year-end, adding another headwind to the blank-check space already roiled by a tough market environment. A total of 27 SPAC deals, worth $12.8 billion, have been liquidated this year, according
In this article GNRC NFLX ISRG UAL IBKR WGO Follow your favorite stocksCREATE FREE ACCOUNT The Netflix logo is seen on a TV remote controller, in this illustration taken January 20, 2022. Dado Ruvic | Reuters Check out the companies making headlines in midday trading. Generac — Shares were trading down 25% after the company
2022 was supposed to be a great year for Blue Apron (NYSE:APRN) stock. In December 2021, the firm announced a deal with Amazon (NASDAQ:AMZN) to run on Alexa smart speakers. Analysts were projecting revenues of $535 million for the year and APRN stock was trading at over $6. Fast forward 10 months and little has
Two days ago, in our flagship investment research service Innovation Investor, we told subscribers to buy Netflix (NFLX) stock before its third-quarter earnings report. We thought the stock was grossly undervalued ahead of what we felt would be a very strong quarterly print for the streaming giant. Thankfully, we did. Last night, Netflix indeed reported
Market analytics platform Cryptounfolded released data this month showing that non-fungible tokens (NFTs) sales on OpenSea, the largest marketplace for digital collectibles, fell by 60% from Q2 to Q3. Despite the weakness of the crypto market, investors can still find opportunities in the NFT space. The following is a highlight of some of the movers
I know that saying “This time could be different” is dangerous. But still, when it comes to U.S. stocks, I believe that this time could be different and that the long-awaited (by me, at least) bull market may have begun. As a result, I’m more sure than I’ve ever been during the current bear market
The sign-up bonus for the Chase Sapphire Reserve Credit Card has been increased to 80,000 points. Once earned, cardholders can get up to $1,200 in value from the bonus through Chase or possibly even more through the card issuer’s airline and hotel partners. Key Takeaways Chase has launched a limited-time offer for its Sapphire Reserve
Shares in hair care products company Olaplex (NASDAQ:OLPX) dropped more than 40% in pre-market trading today after the company cut sales projections. A press release estimates 2022 sales of $704 million to $711 million, and adjusted net income of $303 million to $307 million. Estimates released with its August quarter earnings were for sales of
U.S. investors have been tentative in investing in Chinese securities of late. That is mainly because of the increased volatility due to country-specific risks and a worldwide economic slowdown. Consequently, many Chinese tech stocks are now trading at a hefty bargain, offering attractive entry points for traders and investors. Over the past couple of years,
Have you ever considered owning a dry-bulk shipping stock? If you can tolerate some volatility, then consider taking a look at Eagle Bulk Shipping (NASDAQ:EGLE) stock. This gets a “B” rating as the result of Eagle Bulk’s growing fleet and generous dividend payments. Plus, as we’ll discover, Eagle Bulk’s financial stats demonstrate notable improvement. If any
In this article ADBE NFLX NDAQ GNRC TRV PG Follow your favorite stocksCREATE FREE ACCOUNT Check out the companies making headlines before the bell: Procter & Gamble (PG) – The consumer products giant’s quarterly earnings of $1.57 per share beat estimates by 3 cents with revenue also topping Wall Street forecasts. Results were helped by
If you think ChargePoint Holdings (NYSE:CHPT) stock will make a quick return to a full charge, think otherwise. Given the market’s current sentiment for growth stocks, especially growth stocks that went public via a special purpose acquisition company (SPAC) merger, CHPT stock is likely to continue languishing in the near term. Yet if you’ve been
The U.S. Department of Labor recently proposed a key rule change that may hurt gig economy stocks. This update will make it tougher for gig employers to treat their workers as independent contractors. In many cases, these companies will be forced to categorize some of their workers as employees. There’s a reason for this rule
Technology stocks have been battered and bruised in 2022, with the Nasdaq down 32% year to date. As bad as that is, semiconductor stocks have easily outpaced the downturn in the broader tech sector, with the PHLX Semiconductor Index falling 44% so far this year. However, unlike some high-flying tech stocks that had no basis for