A special agent from the Internal Revenue Service has warned that non-fungible tokens (NFTs) and cryptocurrencies are highly susceptible to fraud and manipulation as they grow in popularity. Speaking at a virtual event held on Tuesday by the USC Gould School of Law, Ryan Korner from the IRS Criminal Investigation’s Los Angeles field, said that both…
Internal Revenue Service Seeing ‘Mountains of Fraud’ in Cryptocurrencies, NFTs: Special Agent
15 Charts All Traders Should Look at Every Morning
One of the hardest things to do as a day trader is gathering all the necessary information to execute profitable trades. Below are the top 15 charts that can help you stay on top of the markets. Real Estate Select Sector SPDR Fund SPDR Select Sector Fund—Health Care The Communication Services Select Sector SPDR Fund…
Nasdaq Profit Beats Estimates on IPO Rush, Investment Products Demand
January 27, 2022
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Nasdaq Inc. on Wednesday reported a nearly 16 percent jump in fourth-quarter profit that topped Wall Street estimates, buoyed by the frenetic pace of U.S. initial public offerings and strong demand for its investment-related products. Technology, healthcare and financial technology companies led the IPO rush during the quarter, that included the stellar debut of Rivian…
Broadly Optimistic Outlook for Investors in 2022: ANZ
Investors can maintain a broadly optimistic outlook for 2022, but in its Market Outlook report, ANZ warns that further double-digit returns in equity, as was seen in 2021, would be unlikely. “Rather, 2022 commences with a mild overweight to risk assets based on cautious optimism and a belief that, despite more moderate returns, equities should…
Corning Shares Gain on Q4 Beat, Robust Outlook
Corning Inc. reported fourth-quarter FY21 core sales growth of 12 percent year-on-year to $3.71 billion, above the consensus of $3.59 billion. Display Technologies sales grew 12 percent Y/Y to $942 million due to a favorable glass pricing environment. Optical Communications sales rose 24 percent Y/Y to $1.2 billion as 5G, broadband, and cloud computing continue to…
AT&T Tops Q4 Consensus Backed by Wireless, Fiber, HBO Max
AT&T Inc. reported fourth-quarter operating revenues of $40.96 billion, down 10.4 percent year-over-year, beating the consensus of $40.43 billion. WarnerMedia revenue growth partially offset the Business Wireline revenue decline. The results reflect continuing customer growth in wireless, fiber, and HBO Max. Adjusted EPS of $0.78 beat the consensus of $0.76. In the Mobility segment, AT&T clocked…
LG Display Clocks 18 Percent Revenue Growth in Q4; Steep Decline in TV Panel Prices Hit Profit
LG Display Co. Ltd. reported fourth-quarter FY21 revenue growth of 18 percent year-on-year to KRW 8.81 trillion. The ASP rose 2 percent Y/Y to $806. The display area shipment rose 8 percent Y/Y to 9.4 M m². The capacity rose 7.4 percent Y/Y to 11.6 M m². The gross margin contracted 360 bps to 14.9 percent….
IMF Urges El Salvador to Drop Bitcoin as Official Currency
The International Monetary Fund (IMF) has urged El Salvador to drop the status of Bitcoin as the country’s legal tender, citing a series of risks, including to financial stability. The IMF’s cautionary remarks about the Central American country using Bitcoin as its official currency alongside the U.S. dollar came in a review note following a…
AMC Entertainment Continues to Crash With the Market: What’s Next?
AMC Entertainment Holdings Inc. shares are trading lower Monday as the market continues to dip. Many other popular WallStreetBets stocks are pushing lower as well. AMC has fallen out of a pattern and is now on a strong downward trend. AMC was down 9.74 percent at $16.22 at time of publication Monday. AMC Daily Chart Analysis…
Dow Drops Over 1,000 Points Monday, Stocks Extend Losses Before Making Same-Day Turnaround
The Dow Jones Industrial Average (DJIA) dropped over 1,000 points on Monday as stocks extended their three-week declines before making a same-day turnaround minutes before closing time. At its lowest point on Monday, the market was on track for its worst day since October 2020, with the DJIA down more than 1,000 points before making an…
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