“Bitcoin can go up and down just based on the mania or whatever the views are,” said the Microsoft co-founder.Microsoft co-founder Bill Gates is the latest prominent tech figure to seemingly try to stay out of the fray when it comes to questions about Bitcoin adoption.In an interview with CNBC’s Squawk Box this morning, Gates […]

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Nvidia is purposefully making its new RTX 3060 graphics cards less efficient to mine Ethereum cryptocurrency. New drivers that will accompany the release of the GPUs later this month will reduce the hash rate of Ethereum mining by around 50 percent, using software detection for cryptocurrency mining.“We designed GeForce GPUs for gamers, and gamers are […]

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The overall earnings picture continues to improve and most sectors are seeing stronger prospects in 2021 as the second stimulus and vaccines reach more people.But while we can cheer at the return of retail, consumer discretionary, oil/energy, finance, etc., it’s now clear that some of the hottest sectors of 2020 are set to have another […]

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Bitcoin prices were carving out fresh records Wednesday but where the cryptocurrency heads from here is an open question.A single bitcoin BTCUSD, -0.66% hit a record high at $51,735.38 earlier in the day, according to CoinDesk and predictions see the world’s No. 1 crypto doubling before year-end, while some make the case that the virtual […]

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The worst performing FAANG stock of 2020 is now leading the pack. Google parent Alphabet has risen 20% this year. It had gained roughly 30% in 2020, no small feat but lower than those of the other FAANG stocks — Facebook, Apple, Amazon and Netflix. Citi on Friday increased its price target to $2,415 a share on […]

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As a record amount of money flows into the market, Wilmington Trust’s Meghan Shue sees a troubling trend. Shue, who oversees almost $136 billion in assets, is concerned retail investors are rushing into stocks and cryptocurrencies that are high risk and offer few benefits — if any at all. “It’s a little bit of chasing returns in […]

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Semiconductor stocks saw massive capital inflows last week as many jumped to record highs. With fresh strength taking the industry, now is a perfect time to hunt for opportunities. While some constituents have run beyond low-risk entry points, others still sit at attractive buy areas.We’ve seen increased attention on the worldwide shortage of chips. Causes […]

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Bitcoin now has roughly tripled since November, and rallied more than 50% this year. And the optimism makes some sense.Notably, corporations are increasingly comfortable with adopting Bitcoin. BTC saw a big catalyst this week when Tesla (NASDAQ:TSLA) said it would buy $1.5 billion of the crypto. The electric vehicle giant follows earlier adopters like MicroStrategy […]

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Dogecoin (DOGE) co-founder Billy Markus in an open letter on Reddit this week addressed the heightened interest in the cryptocurrency he created as a joke. Markus was an engineer at International Business Machines Corporation (NYSE: IBM) at the time he created Dogecoin, alongside Adobe Inc. (NASDAQ: ADBE) engineer Jackson Palmer. Marcus now works as a software engineer at an education company in the Bay […]

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Tesla (NASDAQ:TSLA) has a brand new problem, and it’s a big one. You’d never know it by looking at the soaring Tesla stock price, but the Chinese government isn’t pleased with Tesla. Following Tesla’s second recall in less than a year in China, the Chinese government publicly warned Tesla that Communist Party  regulators aren’t as lenient […]

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