Investments

Aug15, 2018

Bitcoin and Ethereum are both down significantly

What is the future for cryptocurrencies? At their highest points, Bitcoin and Ethereum were valued at $20,000 and $1,400, respectively. Since then, they have slid to $6,250 and $290, respectively. These 68 and 79 percent decreases have exemplified the rapid…
Aug07, 2018

Elon Musk considering taking Tesla private

Tesla tossup Elon Musk announced on Tuesday that he is considering taking the company private, as he loathes having to constantly answer to investors. In fact, Elon Musk even tweeted that he had secured funding to make it go private…
Aug06, 2018

SeaWorld stock skyrockets

Are the “Blackfish” problems over? After SeaWorld’s earnings report on Monday, the aquatic entertainment park/zoo saw its shares rise over 15 percent. Visitors to the park increased by five percent in the second quarter, which is the second straight quarter…
Aug03, 2018

Apple reaches $1 trillion

That’s a lot of zeroes On Thursday, Apple officially became the first American public company to reach $1 trillion in value. Their stock rose over $207 on the day, allowing the company to cross that milestone. Apple’s shares jumped on…
Aug03, 2018

MoviePass blames theaters for their fall

Roll credits The end may be near for MoviePass – parent company Helios and Matheson has seen its stock fall below 10 cents this week with no sign of recovery. Even after their one-to-250 stock split to try to revive…
Jul30, 2018

Sweethearts manufacturer will close

Not so sweet ending The parent company of the manufacturer that makes Necco and Sweethearts announced over the weekend that has closed abruptly. Round Hill Investments, the parent company, reported that it will sell its Necco brands to another manufacturer…
Jul26, 2018

Under Armour continues to struggle

Under Armour faces major cash problem On Thursday, Under Armour announced that it will add $80 million to its previous $130 restructuring plan. The sports apparel company also announced losses of almost $96 million last quarter, compared to just $12.3…
Jul26, 2018

Facebook stock plummets

Facebook face-palm Before Facebook’s announcement late Wednesday, their stock was doing well. It rose just under one percent to give the company a new record high stock value of $216.30. But then, Facebook shocked investors, warning that sales will slow…