Banks

Tesla is ideally positioned to become the world's most important Bitcoin bank

10 days ago   |   By Business Insider

Summary List Placement About 10 years ago, I joined a conference call with Elon Musk to talk about a new leasing program for Tesla's Model S sedan, which was then relatively new to the market. I asked the CEO when he thought the automaker might start its own bank.
He said that Tesla was happy with its established finance partners and wasn't planning to create the Bank of Elon anytime soon. Which made sense. Tesla was then producing a fraction of the half-million cars it did in 2020. Manufacturing vehicles was far more important than lending people money to buy them.
The practice of serving...
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Bank of America says buy these 14 cheap stocks that are best positioned to soar on the strongest economic comeback in nearly 40 years

Bank of America says buy these 14 cheap stocks that are best positioned to soar on the strongest economic comeback in nearly 40 years

11 days ago   |   By Business Insider

Summary List Placement While investors have piled into small-company stocks at a furious pace over the last couple of months, in some ways they're surprisingly hesitant.
Historically, those smaller stocks have tended to do better than larger ones as the economy comes out of recession and a new bull market begins. That's been the case lately, but Bank of America strategist Jill Carey Hall says valuations show that many investors are taking an overly cautious approach.
"Small cap cyclical sectors do not appear to be pricing in the recovery, trading at/near record discounts to defensive...
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Gabe Plotkin's Melvin Capital gained 22% in February - but the GameStop saga...

Gabe Plotkin's Melvin Capital gained 22% in February - but the GameStop saga leaves it in a deep hole

Summary List Placement Gabe Plotkin recouped some of Melvin Capital's heavy January losses with a 22% gain in February. The hedge fund boss was at the center of the GameStop... Read more ...

'Big Short' investor Michael Burry is betting Volkswagen will beat Tesla in...

'Big Short' investor Michael Burry is betting Volkswagen will beat Tesla in electric vehicles

Summary List Placement Michael Burry owns a stake in Volkswagen's largest shareholder, Porsche SE. "The Big Short" investor is betting Volkswagen can beat Tesla in electric... Read more ...

10 things you need to know before the opening bell

10 things you need to know before the opening bell

Summary List Placement Welcome to 10 Things Before the Opening Bell. Sign up here to get this email in your inbox every morning. Sign up for Insider Investing for your weekly... Read more ...

Cathie Wood says digital wallets will 'gut' traditional banks - and expects...

Cathie Wood says digital wallets will 'gut' traditional banks - and expects bitcoin to rise by as much as $400,000

Summary List Placement Cathie Wood said the growth of digital wallets will "gut" traditional banks. She expects the price of bitcoin to increase by between $40,000 to... Read more ...

UK, 4 nations fast-track review of modified COVID vaccines

UK, 4 nations fast-track review of modified COVID vaccines

LONDON - Regulators in the U.K. and four other countries have announced new rules to fast-track the development of modified COVID-19 vaccines to ensure drugmakers can move... Read more ...

Global stocks tumble as rising bond yields worry investors - with all eyes...

Global stocks tumble as rising bond yields worry investors - with all eyes on Fed chair Jerome Powell

Summary List Placement Global stocks tumbled on Thursday after rising bond yields triggered a sell-off in US tech stocks. Fed chair Jerome Powell is due to speak, with... Read more ...

Bitcoin will eventually be a global currency - and a $1 million price target...

Bitcoin will eventually be a global currency - and a $1 million price target within the next 10 years is 'very reasonable,' Kraken CEO says

Summary List Placement Bitcoin is going to the Moon, Mars, and eventually will be the world's currency, Kraken's CEO said. "I think a million dollars as a price target within... Read more ...

We got an exclusive look at the pitch deck accounting startup Countingup...

We got an exclusive look at the pitch deck accounting startup Countingup used to raise a $12.7 million Series A

Summary List Placement Countingup has raised a £9.1 million Series A investment round, led by Framework Venture Partners. The company, which provides a business account that... Read more ...

Dems tighten relief benefits, firm up support for virus bill

Dems tighten relief benefits, firm up support for virus bill

WASHINGTON - President Joe Biden and Democrats agreed to tighten eligibility limits for stimulus checks, bowing to party moderates as leaders prepared to move their $1.9... Read more ...

Gorillas at the San Diego Zoo are the first non-humans to be vaccinated...

Gorillas at the San Diego Zoo are the first non-humans to be vaccinated against COVID-19

Summary List Placement Several great apes at the San Diego Zoo were given experimental Covid-19 vaccines for animals Wednesday morning, becoming the first known non-human... Read more ...