The Market Marauder Show

Nationally, home prices were 20.6% higher than they were in March 2021. The average rate on the 30-year fixed mortgage stood at 3.29% at the start of January and ended March at 4.67%, according to Mortgage News Daily. Regionally, Phoenix slipped from the top gainer spot for the first time in three years, with Tampa, Florida, taking over. Tampa, Phoenix and Miami continued to see the highest annual...

Singapore-based crypto wallet BitKeep announced Wednesday the close of a $15 million Series A round at a $100 million post-money valuation. The funding will help BitKeep develop a cross-chain decentralized autonomous organization (DAO) to give ecosystem ownership to wallet users. BitKeep has some big names backing them and they will be one of the crypto wallets to look for in the future. Merchants...

Spirit Airlines CEO Ted Christie on Thursday laid bare the reasons his company rejected JetBlue Airways’ $3.6 billion offer to buy the ultra-low-cost carrier, and went so far as to suggest that the bid may have been intended to stop Spirit’s planned merger with Frontier Airlines. Airlines are looking to restructure and build for the summer. Hyundai Motor said on Sunday it plans to invest $5 billio...

Last weekend, as Terra’s UST stablecoin showed the first warning signs of instability, slipping from its dollar peg to $0.985, Luna Foundation Guard (LFG), the nonprofit responsible for overseeing the health of Terra’s ecosystem, voted to deploy $1.5 billion in Bitcoin and UST from reserves to repeg UST to the U.S. dollar. The move was the execution of a code-red strategy LFG had been planning for...

Elon Musk can’t just walk away from his deal to acquire Twitter by paying an agreed-upon $1 billion breakup fee. It’s not that simple. Musk tweeted Friday that he has decided to put his acquisition of Twitter “on hold” as he researches whether the amount of fake/spam accounts on Twitter is actually just 5%, as the company has long claimed. He followed that tweet with another reiterating that he is...

Coinbase Global (COIN) reported first-quarter revenue that missed analyst estimates, while its overall trading volumes fell 44% from the fourth quarter. Revenue for the first quarter was $1.17 billion, compared with analysts' average estimate of $1.5 billion, according to FactSet. Coinbase also reported a quarterly net loss of $430 million, compared with a profit of $840 million in the fourth quar...

This week was an interesting week for the market. We are still in earnings season and there were some BIG players who gave earning this week. Amazon was one of the companies that gave earnings and news that shocked the entire market. Amazon gave an historic earnings with the highest net sales and revenue in the companies history. They also made an announcement that Founder and CEO Jeff Bezos will...

A 2022 survey from digital wealth management company Personal Capital found that 74% of people don't believe they'll reach their own definition of a high net worth individual. A 2018 survey from YouGov exploring perceptions around how much money it takes to be considered rich or poor found that 56% of people thought earning $100,000 a year means you're rich. That same Personal Capital study placed...

Cryptocurrency exchange Binance has secured regulatory approval in France, according to a release from France's capital market regulator, the AMF (Autorité des marchés financiers). Binance is now a registered Digital Asset Service Provider (DASP) in France and will be permitted to custody digital assets; facilitate the purchase, sale and exchange of such assets; and operate a trading platform for...

 The Federal Reserve on Wednesday raised its benchmark interest rate by half a percentage point, the most aggressive step yet in its fight against a 40-year high in inflation. “Inflation is much too high and we understand the hardship it is causing. We’re moving expeditiously to bring it back down,” Fed Chairman Jerome Powell said during a news conference, which he opened with an unusual dire...

General Motors now has about 140,000 reservations for the upcoming electric version of its Chevrolet Silverado pickup, CEO Mary Barra said during GM’s first-quarter earnings presentation from the company. Amazon invested in electric vehicle maker Rivian in 2019 as part of a plan to go green. During the first quarter, it saw nothing but red. In its earnings report on Thursday, Amazon took a $7.6 bi...

U.S.-based financial services firm Fidelity Investments will allow investors to put bitcoin (BTC) into their 401(k) retirement savings accounts later this year. Employers could place a ceiling on the amount of savings earmarked for bitcoin, with the maximum cap expected to be no more than 20%. However, the move would allow several first-time investors to gain exposure to bitcoin without having to...

Google’s revenue came in at $68.01 billion, growth of 23% from the same period last year. That’s a slowdown from 34% growth in the first quarter of 2021, when the economy was reopening from the pandemic. The company reported $54.66 billion in advertising revenue for the quarter — up from $44.68 billion the year prior. YouTube ad revenue for the quarter fell short of analyst expectations. The video...

Despite the early fumbles of the virtual reality (VR) market, there’s enough new momentum in the sector to spin up a new $50 million fund to invest in VR opportunities alongside the metaverse, said Jon Goldman, an experienced game investor and former studio executive. In a VentureBeat report, Goldman said his new fund will focus “mostly on VR gaming” but also the metaverse. The fund is named after...

Twitter adopted a limited duration shareholder rights plan, often called a “poison pill,” a day after billionaire Elon Musk offered to buy the company for $43 billion, the company announced last Friday. Under the new structure, if any person or group acquires beneficial ownership of at least 15% of Twitter’s outstanding common stock without the board’s approval, other shareholders will be allowed...

Netflix surprised the world this week, saying it plans to finally address the rampant practice of password sharing. More than 100 million households are using a shared password, Netflix said Tuesday, including 30 million in the U.S. and Canada. Netflix shares fell 37% in the past 5 days due to losing subscribers' for the first time in the company's history. A repeal of Disney’s self-government sta...

The Dallas Cowboys of the National Football League (NFL) picked Blockchain.com as the team’s first crypto-related sponsorship. Cowboys owner and General Manager Jerry Jones made the announcement at a press conference Wednesday. The deal comes at a time when the NFL is beginning to ease up on how teams get involved with the crypto industry. Amazon (AMZN) CEO Andy Jassy said on CNBC Thursday morning...

Former Twitter CEO Jack Dorsey criticized the company’s board in a series of tweets on Sunday as the group is now tasked with evaluating a takeover bid from billionaire Elon Musk. Responding to another Twitter user describing the “plots and coups” that played out early on in the history of Twitter’s board, Dorsey replied, “it’s consistently been the dysfunction of the company.” Elon Musk said Mond...

Bitcoin 2022 was the largest Bitcoin event in history, exploring the technological advancements, financial empowerment and countercultural influence that surround this open-source technology. During Bitcoin 2022, U.S. Senator Cynthia Lummis offered details on a bipartisan bill, The Responsible Financial Innovation Act, that she hopes will establish favorable Bitcoin regulation during a fireside ch...

Shiba Inu has become one of the most popular meme coins. They have made strides forward over the popular Dogecoin. Shiba Inu has in recent months added a DOA that allows users to vote on which coins are added to there trading platform ShibaSwap. Recently popular trading app Robinhood has added the $SHIB to the platform. This is HUGE news for the coin because now over 22 million users now has acces...

GameStop shares wiped out earlier gains and closed lower on Friday after the company said it planned to implement a stock split. The video game retailer will seek stockholder approval at its next shareholder meeting for an increase in the number of Class A common stock from 300,000,000 to 1,000,000,000 to partly conduct a stock split in the form of a stock dividend, the company said Thursday after...

Binance, the world's largest cryptocurrency exchange by trading volume, has launched the second iteration of its cross-chain protocol that connects its flagship layer 1 blockchain, BNB Chain, with other chains. The bridge will allow users to access traditional centralized finance (CeFi) and decentralized finance (DeFi) via the Binance app. Decentralized finance refers to financial activities carri...

Tesla wants to split its stock so it can pay a stock dividend to shareholders, according to a filing Monday. A stock dividend is a dividend paid to shareholders in the form of additional company shares instead of cash. These dividends do not affect the value of a company, but they dilute its share price. The company last split its stock in August 2020. The shares have more than doubled since that...

Indians will begin paying a capital gains tax of 30% on crypto transactions in just one week after Parliament passed a controversial tax proposal on Friday, sparking uproar and disappointment among those in the country's crypto industry. In addition to the capital gains tax, Indians buying or selling crypto will have to pay a 1% tax deducted at source (TDS), as well as taxes on crypto gifts, with...

Tesla has officially started deliveries of its first made-in-Germany Model Y vehicles, which marks an important moment in Tesla’s expansion. CEO Elon Musk was present to hand over the first cars and he gave a brief speech. It’s a big deal because these are the first Tesla vehicles produced in Europe and right in the backyard of the strong German auto industry no less. But for Tesla, it’s a big dea...