Propelled by a tailwind of coronavirus mask sales, Etsy (NASDAQ: ETSY) has never been more popular. Its online marketplace for handcrafted goods is attracting more buyers and artisan sellers as the pandemic keeps many families at home for school, work, and just about everything
In 2014, Lockheed Martin (NYSE: LMT) shocked the world with the announcement that it was building a nuclear fusion reactor and planned to have it online "in as little as ten years." Five years later, Lockheed confirmed that it is still working on the project -- but had made very
Gilead Sciences (NASDAQ: GILD) has been in the news lately, with President Trump receiving doses of Gilead's experimental antiviral drug Veklury (remdesivir) earlier this month to help treat his coronavirus infection. It's already been an up-and-down year for Gilead -- in March,
I recently came across a quote from Woodrow Wilson highlighting the difference between things that follow a set of rules and those that react to changes and evolve. Wilson called the latter "accountable to Darwin," the latter to Newton. It occurred to me that many investors, mys
Environmental, social, and governance (ESG) investing is more than just looking at a company's balance sheet. It forces investors to think about how a company and its products are impacting the world and whether that impact is positive.
It's been a topsy-turvy year for Wall Street, with the benchmark S&P 500 setting records for the fastest bear market decline in history, as well as the quickest rebound to fresh highs.
British retailer Marks & Spencer, seeking to avoid a repeat of last Christmas when its performance was ruined by excessive food waste, is rolling out a supply chain programme it says will crack the problem.
Andrei Anisimov, whose LinkedIn profile still describes him as a âÂÂSenior Software Engineerâ at Coinbase, tweeted Saturday that this had been his last week at the cryptocurrency exchange. At press time it wasnâÂÂt clear whether Anisimov was one of the 60 people who accepted a severance package that was offered this week.
In a company-wide memo obtained earlier this week by CoinDesk, Coinbase CEO Brian Armstrong informed employees that 5% of the companyâÂÂs 1,200-person workforce had accepted theàseverance packageàoffered last week.ÃÂ
The severance offer was made in response to disagreement about ArmstrongâÂÂs recent statement that his companyâÂÂs policy was not to engage in âÂÂbroader societal issuesâ or entertain employee discussions about it.
According to LinkedIn, Anisimov had been with the exchange for just over a year.
A direct message to him via Twitter seeking comment was read but not immediately responded to. In another Tweet he praised his former company, saying, âÂÂIf youâÂÂre thinking of joining Coinbase â donâÂÂt hesitate, itâÂÂll be worth it.âÂÂ
Warren Buffett has quipped that "The stock market is a device for transferring money from the impatient to the patient." That's generally true, but if you're not only patient, but also savvy about how to invest in stocks, you can be among those who profit and build wealth.
A federal judge sided with Apple (NASDAQ: AAPL) Friday, handing the company a win in its ongoing battle against Fortnite creator Epic Games. Judge Yvonne Gonzalez Rogers of the Northern District of California said that Apple could continue to ban Fortnite from the App Store beca
The rapidly growing city of Shenzhen will be giving away 10 million yuan (US$1.47 million) of ChinaâÂÂs new sovereign digital money via lottery, as China seeks to test out and stimulate the usage of the digital funds, according to a report in the South China Morning Post.
Winners will be announced on Sunday and the currency can be used at 3,389 shops. They canâÂÂt be transferred or moved into a regular bank account, the report said.
The promotion is part of ChinaâÂÂs plan to move solely to digital currency, known as the Digital Currency Electronic Payment (DCEP).
The new currency has been used in more than a billion yuan worth of transactions across the country n a series of test programs over the past 12 months.
In this episode of Industry Focus: Wildcard, Nick Sciple and Motley Fool contributor Luis Sanchez take a deeper dive into SPACs. They talk about SPAC investing strategies and factors to consider when investing in them. What is the difference between a SPAC and a stock? What is t
In this episode of Industry Focus: Consumer Goods, Emily Flippen chats with Dan Kline about the movie industry and movie theaters. They talk about how movie theaters are dealing with big- release pullbacks and what it will take to get to pre-pandemic levels. They also discuss mo
U.S. Securities and Exchange Commission Commissioner (SEC) Hester Peirce, well known for her pro-cryptocurrencies views, said increased interest in the space will necessarily force the regulatory body to shift toward a more accommodating stance, but it wonâÂÂt be easy, according to a recent interview with Cointelegraph.
âÂÂWhile weâÂÂve been very slow in giving guidance, there is more and more interest from a wide spectrum of people, both inside the crypto space as well as inside the traditional financial institutions who are asking us for guidance,â Peirce said. âÂÂThe landscape is changing so quickly.âÂÂ
âÂÂSo I think weâÂÂre going to be forced to confront that more and more in the coming years.âÂÂ
Peirce blamed bureaucracy for the SECâÂÂs slowness to react to financial innovation, saying it acts as an impediment to change and discourages risk-taking.
âÂÂItâÂÂs really difficult,â the commissioner said. âÂÂThereâÂÂs so many different layers of bureaucracy things need to get through and people tend to be very hesitant to make decisions because when they do the ramifications come back on them if something goes wrong so itâÂÂs easier to kick the can down the road.âÂÂ
On the positive side, Peirce said that pro-crypto moves in the U.S. by the Commodity Futures Trading Commission and the Office of the Comptroller of the Currency as well as actions by regulators in other countries are slowly prodding the SEC into action.
She also said there are a growing number of people at the SEC, many who are interested in crypto, who want the body to become more innovation-friendly. That combined with the growing interest in financial innovation will eventually cause the regulatory agency to shift, she said.
On another issue, the commissioner said Congress needs to be thinking about smart contracts and decentralized finance so it can give the SEC directives on how it wants the regulator to handle them.
Peirce said that while she hopes the SEC will revisit its decisions to reject BTC Exchange-Traded Funds, she declined to predict whether the regulator will ever approve them, saying the SEC seems to have made up its own standards just for BTC.
Though the commissioner called the prospect of a digital dollar âÂÂlikely,â thatâÂÂs not where she says the real action is.
âÂÂI think a lot of the really interesting innovation is happening outside of sort of the central bank digital currency space.âÂÂ
UPDATE 23:59 UTC Adds comments from Peirce about hurdles to financial innovation at the SEC
U.S. Securities and Exchange Commissioner (SEC) Hester Peirce, well known for her pro-cryptocurrencies views, said increased interest in the space will necessarily force the regulatory body to shift toward a more accommodating stance, according to a recent interview with Cointelegraph.
âÂÂWhile weâÂÂve been very slow in giving guidance, there is more and more interest from a wide spectrum of people, both inside the crypto space as well as inside the traditional financial institutions who are asking us for guidance,â Peirce said.
âÂÂSo I think weâÂÂre going to be forced to confront that more and more in the coming years.âÂÂ
Peirce also said that pro-crypto moves in the U.S. by the Commodity Futures Trading Commission and the Office of the Comptroller of the Currency as well as actions by regulators in other countries are also slowly prodding the SEC into action.
While there are a lot of people at the SEC who want the body to become more innovation-friendly, the regulatorâÂÂs bureaucracy acts as an impediment to change and discourages risk-taking, Peirce said. The number of people interested in innovation and in crypto at the SEC is âÂÂgrowing,â she said.
The commissioner also said Congress needs to be thinking about smart contracts and decentralized finance so it can give the SEC directives on how it wants the regulator to handle them.
Peirce said that while she hopes the SEC will revisit its decisions to reject BTC Exchange-Traded Funds, she declined to predict whether the regulator will ever approve them, saying the SEC seems to have made up its own standards just for BTC.
Though the commissioner called the prospect of a digital dollar âÂÂlikely,â thatâÂÂs not where she says the real action is.
âÂÂI think a lot of the really interesting innovation is happening outside sort of the central bank digital currency space.âÂÂ
Global beverage company Diageo (NYSE: DEO) gave a business update for fiscal 2021, announcing an improvement in its business since its last fourth-quarter earnings report. CEO Ivan Menezes said on the Sept. 28 release, "Our outlook for the first half of fiscal '21 has improved s
The earliest age you can claim Social Security is 62, and it's one of the more popular options, with many retirees starting their benefits as soon as they're able. While many experts recommend claiming at 70, there are plenty of good reasons to begin getting checks ASAP -- altho
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