Roku’s goes public new IPO (NASDAQ:ROKU)
Roku has long been one of the most popular home entertainment brands in the United States and abroad. With its wide range of devices, dongles, remotes and other tools, Roku offers unique and exclusive access to a broad pool of content, including web-based streaming, special networks, unique channels, and many more.
In today’s market, the numbers are particularly huge for online streaming services. Over 60% of viewers ranging from 18 to 30 years old adopt online streaming as their primary way to enjoy TV content. Roku is on the forefront of this particular industry, and it makes complete sense for this company to debut on Wall Street.
Unsurprisingly, the home entertainment service started out with a big bang, reaching over 50% of its IPO price in a very short time due to the strong interest of the investors in the company.
Initially, Roku priced its shares at $14, valuing the company at $1.3 billion. Throughout the week, shares already reached the value of $20 each.
In spite of Roku’s impressively soaring IPO, some experts have still doubt about the future profitability of the company, since the market is expanding quickly and more companies are starting to compete in the same niche. Nonetheless, Roku still made a mark with the best-performing IPO of the year.
Bond take a hit, and Apple continues to lead the decline.
These three stocks made big moves last week. Here's what investors should know.
According to industry reports, Alphabet’s (GOOGL) Google is in advanced discussions with respect to acquiring Nokia’s (NOK) airborne broadband business. Google could use Nokia’s airborne Internet technology to deliver faster Wi-Fi connectivity on airplanes. In-flight Internet provider Gogo’s (GOGO) stock declined on the news of Google exploring the acquisition of Nokia’s airborne broadband technology.
WASHINGTON, April 21 (Reuters) - A telecommunications standards organization - GSMA - said on Saturday it is delaying implementation of a new cellphone technology due to a U.S. government probe of alleged coordination between the group, AT&T Inc and Verizon Communications Inc to hinder consumers from easily switching wireless carriers.
Apple ended a rough week by announcing that a fault in some MacBook Pro laptops have a faulty component that “may fail causing the built-in battery to expand.” It is not a safety issue, the company added. A “limited number” of 13-inch MacBook Pro models (without a Touch Bar) built between October 2016 and October…
Fortnite: Battle Royale now has its very first esports scholarship, and open tryouts begin soon.
Alphabet’s (GOOGL) Google launched its smart speaker products in India in the second week of April 2018. The flagship Google Home goes for roughly $154 in India, whereas it costs $129 in the US. Google Home Mini, the lowest-priced smart speaker in Google’s portfolio, retails for roughly $77 in India, compared to $49 in the US.
And all the other Apple news and rumors this week.
Can the major indexes reclaim key support? Can Apple hold its 200-day? Will the 10-year Treasury yield top 3%? And is Twitter a better stock than Facebook or Google-parent Alphabet?
Apple's initial HomePod release fails to justify its $349 price tag.
Palo Alto Networks’ (PANW) product business has continued to report strong revenue growth over the last few quarters, buoyed by the launch of advanced security products. Digital transition and cybersecurity threats have boosted demand for security products.
New applications in blockchain technology could soon disrupt the way business is conducted in a variety of trades spanning multiple fields.
Intel, Boeing, Chipotle, Starbucks, Exxon Mobil, Viacom, and GM also report this week. Plus, the first reading of first-quarter GDP.
The EUR/USD pair initially rally during the week, testing the 1.24 level before rolling over rather significantly. The market remains in consolidation, so even though this is a negative candle, I don’t put too much into what we are seeing. In fact, I think that it is difficult for longer-term traders to be involved currently.
The EUR/USD pair has fallen rather significantly during the trading session on Friday as the United States interest rates continue to rise. I believe that breaking below the 1.23 level is a significant turn of events, and that we should continue to see downward pressures in the short term. However, I see a significant amount of support underneath.
Apple became the largest public company in the world the old-fashioned way: charging lots of consumers lots of money. In recent weeks, that tension has grown, as Cook and Apple (AAPL) sought to distance themselves from Facebook (FB) and the uproar over user data. In a television interview, Cook, hardly a rabble-rouser, accused Facebook of building a business based on an “invasion of privacy.” “The truth is, we could make a ton of money if we monetized our customer—if our customer was our product,” Cook told MSNBC.
The Standard & Poor’s 500 index started off the week with three days of gains, as earnings appeared ready to lift stocks out of their doldrums. The Dow Jones Industrial Average advanced 102.80 points, or 0.4%, to 24,462.94, while the S&P 500 rose 0.5%, to 2670.14. The quickest time it took the S&P 500 to regain its high was 157 days in 2012, according to BTIG data.
Apple’s efforts to line up a second supplier for its high-end smartphone screens have hit a hurdle because LG Display is struggling to make them, according to people familiar with the matter.
Apple has deep pockets, and is spending accordingly.
Apple will replace some MacBook Pro laptops with expanding batteries #tictocnews https://bloom.bg/2HQpsDQ (Source: Bloomberg)
"General Magic", a new documentary which premiered today at the Tribeca Film Festival, tells the story of the most important company to come out of Silicon Valley that no one has ever heard of.
Dan Niles, founding partner of AlphaOne Capital Partners, on why he expects the next market correction to be “vicious.”
The U.S. has opened a probe into alleged coordination by AT&T Inc, Verizon Communications and a telecommunications standards organization to hinder consumers from easily switching wireless carriers, a person briefed on the matter said on Friday. Verizon and AT&T acknowledged the government probe and said they were working with regulators. Called eSIM, it allows consumers to switch wireless providers without having to insert a new physical SIM card, an identifying microchip.
WASHINGTON, April 20 (Reuters) - The U.S. has opened a probe into alleged coordination by AT&T Inc, Verizon Communications and a telecommunications standards organization to hinder consumers from easily switching wireless carriers, a person briefed on the matter said on Friday.
The stock market continued a path upward this week until Friday, with a rally in commodity stocks. and a Nasdaq rally led by Amazon until Apple got hit hard on Thursday and Friday.
The recent hysteria for new cloud-software stocks seemed to ease a bit Friday with Pivotal Software Inc.’s initial public offering, but there are obvious questions about whether that is an issue with Pivotal or if enthusiasm is waning overall.
The company has made important personnel additions to its AI and music divisions.
The good news is the earnings season’s results have been great so far after about 15% of firms have reported. The bad news is this hasn’t pushed stocks up much.
April 20 (Reuters) - Apple Inc on Friday said component failure in a limited number of MacBook Pros has caused built-in battery to expand, adding, it will offer worldwide free replacement for such batteries.
Jim Cramer reviews his game plan for the week ahead and highlights the most important stocks and events to watch.
* APPLE DETERMINED, IN LIMITED NUMBER OF 13-INCH MACBOOK PRO UNITS, A COMPONENT MAY FAIL CAUSING BUILT-IN BATTERY TO EXPAND- APPLE SUPPORT PAGE
Jim Cramer reveals the one report that Wall Street’s watching.
Apple has been hoping to bring on LG as a second supplier, but the Korean company is running into manufacturing problems.
Things getting really interesting now, as 10Y yields are within shouting distance of 3% having moved quickly back to February highs and beyond (highest since 2014).
Jim Cramer reviews his game plan for the week ahead and highlights the most important stocks and events to watch.
Top tickers for end of the day, April 20: GE, AAPL, BAC, AMD and BX.
The U.S. Department of Justice is probing whether Verizon and AT&T hindered a technology that makes it easier for consumers to switch service providers.
It was a bit of a 'risk off' day today, as stocks were showing weakness from the open.
The antitrust division is looking into whether or not carriers colluded in stifling technology that allows customers to switch providers without having to change out their SIM card.
* Pound on back foot after dovish remarks from BoE's Carney (Adds Wall Street close; updates throughout)
It sure looks like one.
Company raises $555 million on first day trading.
* Tech weak ahead of earnings, Apple off on iPhone demand worries
According to a Reuters report, Google is appealing a February 2018 ruling by the Competition Commission of India (or CCI), India’s antitrust watchdog, which stated that the search giant abused its dominance in the online search market. Google is the largest unit of Alphabet (GOOGL).
The U.S. dollar heads higher against most rival currencies on Friday, helped by U.S. Treasury yields that rose as commodity prices push up inflation expectations.
** S&P 500 up second straight week, but ekes out just 0.5 pct gain with focus on qtrly reports and interest rates
This week, over 15 percent of the S&P 500 stepped into the earnings confessional. Next week, that number increases dramatically as ...
Last fall, Apple Inc. (NASDAQ: AAPL) popped 12 percent ahead of its annual device unveiling. The preceding Worldwide Developers ...
CNBC's Mike Santoli; CNBC Contributor Evan Newmark; and Mark Lehmann, JPM Securities, discuss the market's winners and losers in today's trading.
* Pound on back foot after dovish remarks from BoE's Carney (New throughout, updates prices, market activity and comments, adds settled oil prices)
* Apple falls on weak iPhone demand concerns, tech sector weak
Leading tech companies Facebook, Amazon, Alphabet and Microsoft will report earnings, along with aerospace and defense giants like Boeing and oil majors like Exxon Mobil.
Top tickers for midday, April 20: GE, AAPL, BX and KKR.
Margaret Vitrano, Clearbridge Large Cap Growth Fund portfolio manager, breaks down her best advice on beating the market.
The dollar gained traction as 10-year treasury yields moved above 2.92%, driving up the value of the dollar and weighing on the currency pair. German wholesale inflation accelerated higher but the dip in the Zew sparked concerns of a decline in German growth. Momentum has turned negative as the MACD (moving average convergence divergence) index generated a crossover sell signal. This occurs as the MACD line (the 12-day moving average minus the 26-day moving average) crosses below the MACD signal line (the 9-day moving average of the MACD line).
* Indexes down: Dow 0.87 pct, S&P 0.89 pct, Nasdaq 1.27 pct (Updates to early afternoon)
Shares in Atlassian clawed back on Friday, after falling as much as 12% on a disappointing profit outlook, as bullish analysts cited record customer growth and product investments as key to its long-term strategy.
Investing.com - The dollar surged on Friday, driven higher by a rising yield on U.S. Treasury notes.The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was at a two-week high, rising 0.59% to 90.17 by 10:32 AM ET (14:32 GMT)U.S. bond yields crept back up on Friday, with the United States 2-Year note climbing to its highest level since September 2008, at 2.449. The yield on the United States 10-Year Treasury note rose to 2.940.Prices fall as bond yields rise. A spike in U.S. ...
Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Amazon. om Inc (AMZN), where a total volume of 157,488 contracts has been traded thus far today, a contract volume which is representative of approximately 15.7 million underlying shares (given that every 1 contract represents 100 underlying shares).
Google parent Alphabet Inc. (NASDAQ: GOOGL) (NASDAQ: GOOG) reports first-quarter earnings after the closing bell on Monday, Apr. ...
Now that President Trump has turned down the heat on a China trade war, investor concern about rising inflation and a hawkish Federal Reserve may be taking center stage.
Investment bank Morgan Stanley on Friday turned cautious on Apple ahead of the company's March-quarter report.
* Indexes down: Dow 0.84 pct, S&P 0.77 pct, Nasdaq 1.05 pct (Changes comments, adds details, updates prices)
Stocks rallied early in the week on rising oil prices and Netflix earnings. But they slashed gains on chip-sector warnings while Apple tumbled on iPhone demand fears.
Taiwan Semiconductor Manufacturing Co. built out its next-generation 7-nanometer manufacturing technology, N7+, with iPhones in mind.
* Pound on back foot after dovish remarks from BoE's Carney (Changes, byline, dateline from LONDON; adds Wall Street open; updates throughout)
There are significant reasons to believe the weight today is fully justified, or even understated when considering the economic impact of technology.
Apple shares have gone negative for the year, and the company is currently the worst-performing stock in the DJI.
LONDON, April 20 (Reuters) - Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them.
Tech-company executives at The Wall Street Journal's D.Live conference in Hong Kong responded to concerns over data security in the wake of Facebook's privacy scandal.
Palo Alto Networks (PANW) has continued to witness strong billings growth, buoyed by higher demand for security products across industries. Growing cybersecurity threats and digital transitions have created more opportunities for the company. New security products in its pipeline and high-quality service have also boosted billings.
Chip stocks tanked Thursday as investors weighed a lowered outlook for the sector from Taiwan Semiconductor Manufacturing and other negative data points.
Although the month of April is finding equities moving higher thus far, it would appear that the tug-of-war between equities and bonds will persist through much of 2018.
NAIROBI, April 20 (Reuters) - Mawingu Networks, a Microsoft backed Kenyan start-up using underutilised television frequencies, aims to triple rural broadband users in the next two years, its chief executive said.
* Indexes down: Dow 0.12 pct, S&P 0.21 pct, Nasdaq 0.60 pct (Updates to open)
BRUSSELS (Reuters) - Euro zone consumer confidence unexpectedly rose in April, according to figures released by the European Commission on Friday. The European Commission said a flash estimate showed euro ...
The positive earnings flow continued Friday as General Electric Company (NYSE: GE) became the latest major company to beat Wall Street ...
Microsoft Corp (NASDAQ:MSFT) has opened bearishly below the pivot of $96.17 today and has reached the first level of support at $95.28. Should the shares continue to fall, the...
Stocks showed a sluggish start and the bears still slept on Friday. The major indexes look poised to march higher for a second week in a row.
Apple is reportedly working on a news subscription service. Why investors shouldn't worry about its profitability.
A note from Mirabaud analyst Neil Campling suggests Apple is going to kill the iPhone X, but Apple has said it's the most successful iPhone it's currently selling.
Credit Suisse lowered the price target for Alphabet Inc. (NASDAQ: GOOGL) from $1,400 to $1,350. Alphabet shares closed at ...
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U.S. tech companies might be relying more on H-1B workers, according to a new study. This as the study finds Indian outsourcing firms may be losing their stronghold on H-1B skilled worker visas.
God of War may look like it stars Kratos, but the true lead is actually his beastly new weapon, the Leviathan Axe. Here's how to master it in combat from the start.
A lesser-known bitcoin indicator appears to be undergoing a notable change, one that could signal where the crypto asset's price is heading.
Investing.com - The dollar was higher on Friday as the yield on U.S. Treasury notes rose to February levels and interest rate expectations offset trade war worries.The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.27% to 89.88 by 5:13 AM ET (9:13 GMT).U.S. bond yields crept back up on Friday, with the United States 2-Year note climbing to its highest level since September 2008, at 2.437. The yield on the United States 10-Year Treasury note rose to 2.916.Prices fall as bond yields rise. A spike in U.S. ...
Based on the current price action, the direction of the EUR/USD the rest of the session is likely to be determined by trader reaction to the short-term Fibonacci level at 1.2290.
Here's a look at some companies that, however peripherally, are involved in the cannabis business or should benefit from more permissive marijuana laws.
Bitcoin saw small gains last night, but the weak move did little to further the bull case.
The Euro chopped around the 1.2350 level during the Thursday’s session using it as a support. The uptrend line underneath should continue to keep this market in the positive momentum and also attract a lot of buyers. It is believed that until this market breaks above the 1.25 level, it will continue to consolidate around the region.
The U.S. dollar gained ground against its rivals Thursday as the 10-year Treasury yield edged higher, flirting with the psychologically important 3% mark. The ICE U.S. Dollar Index (IFUS:DX-Y.NYB), which measures the greenback against six developed market currencies, climbed 0.3% to 89.889.
The pair continues to be in range ahead of the FOMC next week
The current price action indicates that the relatively optimistic view about the U.S. economy should be enough to support the Fed’s notion to raise interest rates at least two more time in 2018. Some traders are even pricing in as many as three rate hikes.
The EUR/USD pair continues to bounce around just above the 1.2350 level. There’s also an uptrend line underneath that should continue to keep this market positive, so I like the idea of picking up short-term pullbacks.
Pivotal Software Inc., a cloud-software company majority-owned by Dell Technologies Inc., is expected to begin trading Friday after being valued at nearly $4 billion in an initial public offering.
The Mac maker is intent on keeping its platforms separate for now.
The market still expects the Bank of England to hike rates even as recent data pointed weaker, says Kathy Lien of BK Asset Management.
Jim Cramer examines four massive tech giants to see which one is most likely to win the race to a $1 trillion market cap.
Investing.com – The dollar remained close to highs against a basket of major currencies as surging bond yields offset earlier weakness in the greenback.
Shares of Activision Blizzard were trading lower after an analyst from Benchmark said he expects the game maker to report strong first-quarter earnings followed by disappointing second quarter guidance.
Microsoft Corporation (NASDAQ: MSFT) paid more than $26 billion in late 2016 to acquire LinkedIn and, although the integration remains ...
Time is running out for reforming the euro zone while the urgency of doing so for policymakers has been reduced due to a robust economic rebound in the single currency bloc, top European economic officials warned on Thursday. The 19 countries that share the euro are now enjoying the strongest growth in a decade after years of economic crisis that almost unravelled the euro zone. Top policymakers have argued that the euro zone should fix its remaining weaknesses while its economy is on the upturn so that it is better prepared for the next downturn.
The EUR/USD slipped lower sliding down to support near the 10-day moving average at 1.2345. The currency pair continue to chop around directionless. U.S. yields backed up today, despite a weaker than expected jobless claims report and soft Philly Fed Manufacturing. The EUR/USD is range bound and has been trading sideways for most of 2018. The exchange rate bounced from support and is sandwiched between resistance at a downward sloping trend line at 1.2415. Support level the 10-day moving average is seen near an upward sloping trend line that comes in near 1.2234. The fast stochastic generated a crossover sell signal in overbought territory which reflects accelerating negative momentum.
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.02% to 89.37 by 10:56 AM ET (14:56 GMT). The dollar was unmoved from mixed economic data. A separate report showed that the Philadelphia Fed's manufacturing index unexpectedly rose in April, to a reading of 23.2 from 22.3 in March.
AMD CEO Lisa Su is managing a robust product pipeline, says Ryan Shrout.
The U.S. Securities and Exchange Commission has tried hard to force Alphabet Inc. and Amazon.com Inc. to disclose more information about their fast-growing businesses, but the tech giants aren’t playing along.
Amazon founder and CEO JEff Bezos covered many ideas in his closely watched annual letter to shareholders including that Amazon workers do not use Microsoft Powerpoint to share ideas or plot strategy.
Industrial conglomerate General Electric Company (NYSE: GE) is scheduled to report earnings before market open on Friday, Apr. 20. CEO ...
South Korea says Kim Jong-Un is no longer demanding U.S. troops leave South Korea ahead of talks. But President Trump says walking away from the talks is still on the table. Yahoo Finance’s Alexis Christoforous and Editor-in-Chief Andy Serwer have more.
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The dollar was higher on Thursday, while sterling fell after lower than expected retail sales. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.12% to 89.46 by 5:34 AM ET (9:34 GMT). Rising geopolitical and trade tensions have weighed on the dollar in recent months.
LocalBitcoins, a low-fi exchange launched in 2011, is gaining traction in overlooked markets where people have less access to VC-backed alternatives.
Bitcoin has been struggling to break through the long-term descending trendline, but that could change today.
Amazon’s CEO says employees don’t do PowerPoint or any other slide-oriented presentations during meetings.
A few ETFs focused on providing exposure to U.S. equities with relatively high dividend yields.
April 19 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.
Thanks a lot big blue. IBM drags on the Dow while the S&P and Nasdaq maintain gains as earnings season rolls on.
Facebook has put together a team of people to design chips, according to a new report.
Thanks a lot, Big Blue. IBM drags on the Dow while the S&P and Nasdaq maintain gains as earnings season rolls on. Plus, a market warning sign is flashing red for the first time since 2007. And, Roku gets slammed as Amazon and Best Buy team up, but is the sell off overdone for the streaming device maker? Plus, ‘metal fatigue’ is blamed for yesterday’s Southwest mid-air accident. Are GE and Boeing set for blame? Catch The Final Round at 3:55 ET p.m., with Jen Rogers and Yahoo Finance markets correspondent Myles Udland and editor-in-chief Andy Serwer.
An exchange that left New York in 2015 has been contacted by the state's Attorney General. They're not happy about it.
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A company called EarthNow plans to use satellites to provide "live and unfiltered" footage of almost anywhere on earth.
Microsoft knew a lot more about me than I thought. Here's what it knows, how to find what Microsoft knows about you, and how to download everything.
* RAPIDSOS - ANNOUNCED ADDITIONAL $16 MILLION IN FUNDING LED BY HIGHLAND CAPITAL PARTNERS WITH PARTICIPATION FROM MICROSOFT VENTURES, CSAA INSURANCE GROUP Source text for Eikon: Further company coverage:
Yahoo Finance's LIVE market coverage and analysis of stocks and bonds begins each day at 11:45 a.m. ET.
IBM, CSX, Tesla, Southwest Airlines and Toys “R” Us are the companies to watch.
Jensen Harris has advice for ‘Microgoogfaceforceazon’ (Microsoft, Google, Facbook, etc.) staffers who want to jump ship to work for a start-up.
Highland Capital, Microsoft Ventures, and CSAA lead funding to link data from connected devices to first responders
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Apple (AAPL) call option volume flat despite positive iPhone X news while Facebook (FB) and Microsoft (MSFT) options traders prep for earnings. The post Wednesday’s Vital Data: Apple Inc. (AAPL), Facebook, Inc. (FB) and Microsoft Corporation (MSFT) appeared first on InvestorPlace.
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A review of today's commodities, stocks, ETFs and stock market indexes.
Apple, Microsoft and other surging big-cap tech stocks are setting the stage for a potential buy opportunity as the market continues to rebound.
The first commandment when conducting public relations? "Thou shall tell the truth," says Harold Burson, the legendary 97-year-old founder of PR giant Burson-Marsteller, which has over 60 offices on six continents. He's also the author of "The Business of Persuasion." Paul Blanchard, author of "Fast PR: Give Yourself A Huge Media Boost," says companies and businesspeople who choose not to...
Bitcoin remains on the hunt for a bullish move over $8,400 after recovering from a sharp overnight dip.
Dow Jones stocks Apple, Intel, Microsoft, UnitedHealth and Visa are just below buy points in sound bases. These blue chips' relative strength lines are already hitting new highs, a bullish signal.
Market recap for Tuesday, April 17th
Microsoft's president and chief legal officer said on CNBC's Closing Bell on Tuesday that the company can "pick and choose" its customers.
Netflix hits a new all time high.... powering tech and the nasdaq.
Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in UnitedHealth Group Inc (UNH), where a total volume of 22,529 contracts has been traded thus far today, a contract volume which is representative of approximately 2.3 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 57.1% of UNH's average daily trading volume over the past month, of 3.9 million shares..
Tuesday, April 17: Netflix hits 125 million subscribers, Nike diversity chief resigns, Coinbase ramps up M&A. Yahoo Finance’s Dan Roberts explains.
Yahoo Finance's LIVE stock market coverage and analysis.
Shares of Dropbox Inc. are up in Tuesday trading after a handful of analysts initiated coverage of the company and found much to cheer.
SAN FRANCISCO, April 17 (Reuters) - Microsoft, Facebook and more than 30 other global technology companies on Tuesday announced a joint pledge not to assist any government in offensive cyber attacks.
WASHINGTON, April 17 (Reuters) - The U.S. Supreme Court on Tuesday dropped Microsoft Corp's privacy fight with the Justice Department over whether prosecutors can force technology companies to hand over data stored overseas after Congress passed legislation that resolved the dispute.
Dropbox stock climbed as at least nine analysts initiated coverage on the company, which garnered a mix of four buy and five neutral ratings.
* EU says proposed law is needed to speed terror investigations
Bitcoin is the world’s largest digital coin based on market capitalization, but at the beginning of 2018, it suffered maybe the worst sell-off. Nevertheless, for the time being, it seems to have briefly climbed above the $8.000 and marked a comeback.
The technical charts remain bullish for bitcoin and point to $7,900 as the key support zone.
Coinbase added a new head of M&A and has rapidly ramped up its buying activity. Its latest acquisition: Earn.com, which offers ways to earn bitcoin for completing various tasks.