Market News

Apple is expected to report earnings of $3.82/share on $85.80 billion in revenue. Meanwhile, the so-called Whisper number is $3.94. The Whisper number is the Street's unofficial view on earnings.

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DigixDAO jumps to $791M market cap despite general crypto market downtrend.

January 2018 has been a volatile month for cryptocurrencies worldwide, with major news developments including increased South Korean regulation, Facebook banning cryptocurrency advertising, India pushing toward a crack down, and news of Tether and Bitfinex subpoenas. Much has been made of Bitcoin functioning as a store of value akin to gold, but Digix literally tokenizes gold on the Ethereum blockchain. DigixDAO was the first crowdsale conducted via Ethereum and the first major Ethereum-based Distributed Autonomous Organization (DAO). DGX tokens are positioned as the future gold-standard for Ethereum. Each DGX represents 1 gram of physical gold (99.99% LBMA) stored in a safehouse. This asset-backed tokenization stabilizes the DGX price (short of some major drop or spike in the value of gold itself); the current jump in DGD does not have to do with DGX directly.

DGD is based on a Proof-of-Asset protocol, which marries real world governance and blockchain technology. According to DigixDAO, this ensures (as the name implies) the asset-backed protocol, which can apply not only to gold but other financial assets.

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Barry Silbert, CEO of crypto holding company Digital Currency Group (DCG), surprised an audience full of crypto fans at Yahoo Finance’s “All Markets Summit: Crypto” event in New York.

If you’re a big believer in holding lesser-known cryptocurrencies, you’ll want to sit up and take notice. Barry Silbert, CEO of crypto holding company Digital Currency Group (DCG), surprised an audience full of crypto fans at Yahoo Finance’s “All Markets Summit: Crypto” event in New York on Wednesday. Aside from a handful of coins like Bitcoin, Ethereum Classic and Zcash, he said, “I think most of the others are going to zero.”

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Blockchain technology has grown in popularity recently, attracting the attention of many investors. But not all blockchain-related companies are created equal. Here's a list of blockchain-related stocks we like, and other stocks we avoid.

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Bill Ackman reported Wednesday that he made only one new buy, Nike Inc., and increased his holding of Mondelez International Inc. in the fourth quarter.

The leader of the hedge fund Pershing Square acquired 5,836,020 Nike shares, which had a fourth-quarter average price of $57. The price has since gained 18% as of Wednesday evening.

The holding represents 6.2% of his portfolio, which makes it his smallest position, below Platform Specialty Products. Ackman did not have to report the holding during the quarter because he purchased 0.36% of Nike’s shares, under the 5% of shares an investor must own to trigger a disclosure. As an activist investor, typically Ackman takes sizable stakes in large companies as leverage to push for change.

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Wells Fargo is reportedly selling its auto finance business in Puerto Rico, Reliable Financial Services, to Banco Popular de Puerto Rico. The deal will result in $1.5 billion in auto loans and $340 million in commercial loans changing hands.

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investors aggressively sold stocks after an incredible run. In addition to making sure your assets are allocated properly and making sure you have a plan for the next bear market, here are three questions to ask regarding market volatility:

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Hedge fund manager suffers poor returns in recent years

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CME Group has seen impressive growth in recent years. The company’s continued efforts in expanding its global footprint and diverse product line bodes well for its long-term growth outlook.

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The price of oil is now twice what is was two years ago. The results are not necessarily what were expected.

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