The Denver Broncos are up for sale, and a group of crypto enthusiasts is aiming to raise more than $4 billion using a decentralized autonomous organization, or DAO, to make it their own. You can think of a DAO like a group of individuals acting in concert with no single leader. Unlike a normal pool…
Shares of DraftKings fell 21.6% Friday after it posted fourth-quarter earnings that beat analyst estimates for the quarter but revealed the company expects a greater adjusted loss for 2022 than analysts had projected. Here’s what the company reported: Loss per share: 35 cents, ex-items vs 81 cents estimated, according to a Refinitiv survey of analysts…
The bitcoin narrative could be tested this week as investors monitor tense developments between Ukraine and Russia and weigh the possibility of the Federal Reserve hiking interest rates by 50 basis points, or 0.5 percentage points, in March. The largest cryptocurrency by market capital currency has long been regarded by early investors and enthusiasts as…
Investors kicked off 2022 in a swirl of uncertainty, including the Federal Reserve’s move to tighten monetary policy, rising inflation and tension between Russia and Ukraine. Indeed, these factors so unsettled the market, the major indexes ended the prior week firmly in negative territory. Finding long-term stock picks in this new age can be challenging;…
Affirm stock dropped 21% to a share price of $58.68 on Thursday after the company reported second-quarter results ahead of schedule. Here’s how the company did versus Refinitiv consensus expectations for the quarter ending in December: Loss per share: $0.57 Revenue: $361 million vs. $328.8 million expected Affirm said it expected between $1.29 billion and…
Chinese internet giant Tencent has increased its stake in ride-hailing firm Didi, sending the shares of the U.S.-listed company up more than 8% on Wednesday. However, shares of Didi were down around 5% in pre-market trade on Thursday. Tencent added about 1.78 million Class A Ordinary shares at the end of last year, according to…