Author: starbpo

The identity of Satoshi Nakomoto, who as a person or collective invented bitcoin, remains a mystery, but it’s at least plausible that Jack Dorsey could have done it. The current chief executive of Block (XYZ) and former CEO of Twitter, Dorsey’s libertarian leanings and his advocacy of cryptocurrencies prompted that very blunt question to him at Square’s investor day held last week. Jeff Cantwell, an analyst at Seaport Research, said, “Jack, this probably is the most important question you’ll ever get from the sell side – are you Satoshi Nakamoto? Thanks.” “On the Satoshi question, the most beautiful thing about…

Some investors were taken aback when Sandisk was added to the S&P 500 index, surpassing Strategy in the process. Late Monday, S&P Dow Jones Indices announced that Sandisk Corp. would enter the S&P 500 on Friday. Following the news, shares of Sandisk (SNDK), a manufacturer of computer storage devices, increased by more than 7% during the extended session. The corporation is replacing the advertising and marketing firm Interpublic Group of Companies Inc. (IPG) by switching from the S&P Small Cap 600 SML to the S&P 500 SPX. The index revisions take effect at the opening of Friday’s session, which is…

According to reports, Nvidia’s investor relations team argued that the company is not committing fraud in the same manner as Enron. A distinct dot-com metaphor is being used by Michael Burry. There seems to be a verbal sparring match between Nvidia and Michael Burry, the well-known investor who was featured in The Big Short for identifying the subprime bubble. Barron’s claims that Nvidia’s investor relations team wrote a statement to Wall Street analysts disputing some of Burry’s recent criticisms of the graphics chipmakers, covering everything from accounting procedures to the company’s usage of stock-based pay. However, the chipmaker is undoubtedly…

Elon Musk, CEO of Tesla TSLA 3.80%, tried to copy a key patent for Lockheed LMT 0.04% Martin. Usually, investors wouldn’t care what the CEO of a car company thinks about cutting-edge defense technology. But Musk is also in charge of a commercial space company, and his closeness to Trump makes almost every statement from the iconoclast an event for investors. Musk posted a video of drones flying in different patterns on Sunday morning, along with the message, “Some idiots are still building manned fighter jets like the F-35.” Lockheed Martin made the F-35, which can fight in stealth, fly…

Fears of inflation have returned to the U.S. financial markets as inventors wonder if possible policy changes in President-elect Trump’s second term could cause prices to rise again. The benchmark 10-year Treasury yield TMUBMUSD10Y 4.411% has gone up about 14 basis points since Trump’s election on November 6. This is because of worries that some of his policies, like more tax cuts and import tariffs, could cause the deficit to grow even more and inflation to return, which would make interest rates go up even more. After three weeks of bad news, the stock market finally took a deep breath.…

Donald Trump voted against TikTok before he voted for it. It looks like the president-elect will be very inconsistent in his views on whether to stop the social networking site. This could be a sign of what many experts think will be a rough time for regulations in the new administration. Right now, it’s not clear what will happen with TikTok in the U.S. With strong backing from both parties, Congress passed a law earlier this year telling ByteDance, the Chinese company that owns the platform, that it had to sell its U.S. business by January 19, the day before…

“And in Germany (for years) we have been acting as if the question of adding secured power is something that can be postponed. We can already see very clearly today what happens when power is switched off and no backup is provided for renewables.”Markus Krebber, CEO RWE AG On November 6, the price of power rose to €800 MWh because of a 12-day wind drought. That’s Markus Krebber, CEO of the German multinational energy company RWE AG RWE.78%, writing an open letter about the state of Germany’s energy sector. In early November, a 12 day weather event called a “Dunkelflaute”…

This week’s quarterly results from stores like Macy’s Inc. and Nordstrom Inc. will help set the tone for the rest of the season, as shoppers continue to look for deals as prices rise. Black Friday and the holiday shopping rush are coming up soon. According to executives at Gap Inc. (GAP), the holiday season has been going well so far. The company is getting more wealthy customers looking for deals and starting a drive to make its stores look new again. This year, the National Retail Federation thinks that Americans will spend even more than they did last year during…

Bitcoin’s rise to over $100,000 has caused shares of some companies that deal with cryptocurrencies to go up by huge amounts. But it makes people wonder what it could mean for the rest of the stock market. As the groundbreaking cryptocurrency BTCUSD -1.50% approaches another round-number milestone, some analysts say its rise is becoming yet another sign that markets may be getting too hot. People are worried that investors’ desire for risky assets, like bitcoin and stocks, is getting close to the high levels that were last seen in 2021. As many of you may remember, investors made a lot…

Donald Trump, who will be president in January, has called himself “a Tariff Man.” Tariffs are “the best thing ever invented,” he has said. He also said that “tariff” was “the most beautiful word in the dictionary.” But a lot of the companies that make or sell the clothes, sneakers, and other things that Americans buy, like Walmart Inc. and Nike Inc., don’t really see it that way. Tariffs, or taxes on imports, are often talked about in terms of a threat to business and the extra cost that customers would have to pay for better prices in stores during…