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Australia's primary stock exchange could soon have a new blockchain-based rival.National Stock Exchange of Australia owner NSX Ltd. and financial institution iSignthis (ISX), both publicly listed companies, announced Thursday that they are forming joint venture to offer a digital securities trading platform.Called ClearPay, the new entity will offer a platform
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Virgin Galactic is now worth $6.7 billion, despite reporting just $3 million in revenue last year. The space tourism stock is worth $1 billion more than Macy’s, which isn’t sexy – but is profitable. This disparity exposes everything wrong with the stock market. Think Tesla’s bewildering rally is the
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Virgin Galactic’s stock price has been soaring in recent weeks. The company initially claimed it would be sending tourists to space by summer. But management seems to be backpedaling. Virgin Galactic’s murky financials are cause for concern. Investors should be cautious about the stock. Virgin Galactic (NYSE: SPCE) is
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Blockstation, a Canadian digital asset trading systems firm, has built a fast-track disclosure filing process for companies hoping to list security tokens on the Jamaican Stock Exchange (JSE).Announced Tuesday alongside JSE’s launch of a tokenized Initial Public Offering (IPO) platform, Blockstation’s new tool, called the Smart Listing Accelerator Process (SLAP),
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Domino’s Pizza is getting ready to report its Q4/year-end 2019 earnings on Thursday. The company’s stock is ranging close to record highs. Wall Street is bullish on DPZ, but what should investors expect from the pizza giant? Investors holding Domino’s Pizza (NYSE: DPZ) stock are waiting for the company’s quarterly report coming out
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Walmart’s fourth-quarter results were a disappointment. Both top and bottom line numbers fell short of analyst expectations. Despite the obvious business slowdown, Walmart’s stock remains near its all-time high. Walmart’s stock price is becoming increasingly divorced from business fundamentals. This may be evidence that the wider market rally is nearing its end. Walmart
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Netflix’s stock price rose by as much as 2% on Tuesday en route to fresh 52-week highs. The broader stock market was down roughly half a percent amid coronavirus fears. Netflix faces intense competition in the online video streaming market, but its Q4 results showed a healthy pace of new subscribers added. Shares
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Berkshire Hathaway has moved into defensive stocks as stakes in recession-prone companies were cut. Warren Buffett’s heavy exposure to financials is now lower. Charlie Munger recently warned of “lots of troubles” ahead for the economy. Warren Buffett’s most recent stock purchases point to growing concerns that an economic downturn is right ahead. A Feb.
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Boeing lost its title as world’s largest plane maker after delivering only 380 jets and having negative orders for commercial jets in 2019. The company expects future losses of more than $18 billion tied to the ongoing Boeing 737 Max saga. Wall Street analysts have updated their ratings amid the nearly year-long
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Dow Jones Industrial Average (DJIA) futures tick higher on Presidents’ Day Monday. Fidelity reports that a record number of its retirement accounts now hold $1 million or more. The US stock market continue to push all-time highs despite coronavirus fears. The U.S. stock markets are closed today for Presidents’ Day but that hasn’t
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