Crypto Lode of $100 Billion Stirs U.S. Worry Over Hidden Danger
Regulators are worried about hidden risks to investors and even the financial system stemming from a fast-growing corner of the crypto market meant to be immune from volatility.Their focus is on so-called stablecoins, a form of cryptocurrency that has a fixed price, typically one dollar, and is backed by real-money reserves.But in recent weeks, lawmakers and officials from theFederal Reserveand the administration have expressed alarm both in public and private that some consumers won’t actually
Cruises was a good stock to buy during covid season
Carnival and other cruise stocks get upgrade from Wolfe Research on bookings jump
Early signs of customer demand for the return of vacations at sea should make investors more bullish on cruise stocks, according to Wolfe Research.The cruise industry was one of the hardest hit by the pandemic, with voyages being stopped around the world, but with widespread vaccinations in the U.S., the major companies have plans toresume American operations over the summer.Analyst Greg Badishkanian upgraded Carnival,Royal Caribbean and Norwegian Cruise Line Holdings to outperform from peer per
Microsoft Nears $2 Trillion Market Cap. Earnings Are Tuesday.
Wall Street is expecting Microsoft to report strong financial results when the company posts its March quarter numbers after the close of trading on Tuesday.The consensus forecast among analysts is for revenue of $41 billion, up 17% from a year ago, with profits of $1.78 a share. On Monday, Microsoft stock set an intraday record of $262.44, leaving the stock just a modest rally away from hitting a $2 trillion valuation for the first time. To get there, the stock needs to rise to $264.55.J.P. Mo