Using advanced technology, BP has discovered new oil reserves in the Gulf of Mexico. Many analysts are showing confidence in the stock and Goldman Sachs has reissued its “buy” rating for BP shares. BP Finds New Oil in Thunder Horse Fields Revealed today, BP has found 1 billion more barrels of crude oil at an … Read More “BP Finds a Billion Barrels of Oil, Analysts Say Shares are a ‘Buy’” »
Plans to issue a state-backed cryptocurrency in India have stalled, months after the country’s central bank gave indications that it was considering the idea. According to The Hindu Business Line, the government is no longer interested in the state-backed digital rupee. Citing a source, the report by the publication indicated that the idea of a … Read More “‘Too Early’ for Central Bank Digital Currency: India Shelves Plans for a Crypto Rupee” »
Investment manager Bill Miller — whose firm invested $1 billion in bitcoin in 2017 — predicts that Amazon’s stock price will double over the next three years, but believes Apple will struggle in the short term. “Amazon should double again in the next three years,” Miller — an Amazon perma-bull — told CNBC. “The top line is going … Read More “Amazon Stock Will Double In 3 Years, Says Hedge Funder Who Invested $1 Billion in Bitcoin” »
One year ago today, the crypto bubble reached its fever pitch before the inevitable crash that occurred throughout the remainder of 2018 and has lingered into the new year. Crypto Market Down 84% on Anniversary of All-Time High According to CoinMarketCap, the cryptocurrency market cap — which measures the combined notional value of all cryptocurrencies … Read More “Bear Market Birthday: The Crypto Bubble Popped One Year Ago Today” »
Netflix shares have formed an impressive start to 2019, rising in every trading session so far. Granted, that’s only a handful of sessions. But, given the volatility of FAANG shares and the wider stock market, Netflix appears to be on a winning streak. Netflix shares are up nearly 6% today and had risen to $315 … Read More “Netflix Shares Have Risen Every Session of 2019 – 35% up and on a Winning Streak” »
Hong Kong-based crypto exchange Coin Futures and Lending Exchange (CoinFLEX) has announced that it will be providing futures contracts for cryptocurrencies to Asian investors as from February 2019. CoinFLEX was launched in February 2018 as CoinfloorEX, a division of Coinfloor, the oldest British Bitcoin exchange. However, the venture has now announced that it will be breaking … Read More “Hong Kong Crypto Exchange to Offer Bitcoin Futures with 20x Leverage” »
