Tag: mi exclusive
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Biden’s infrastructure plan is a ‘green tidal wave’ that will revive the EV sector after its recent pullback, Wedbush says
Drew Angerer/Getty Images Wedbush's Dan Ives states Biden's infrastructure plan will probably be a "green tidal wave" for the EV sector. Ives sees roughly 10 percent approximately $200 billion of the plan moving to EV initiatives. The analyst anticipates an expansion of tax credits "to the 10k range or possibly higher. " Sign up here…
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Bitcoin may be entering the later stage of a bull market, crypto analysts say, as talk of a price plunge grows
Bitcoin has soared more than 700% in a year Dado Ruvic/Getty Images Bitcoin conditions are "similar to the second half or later stages of a bull market," crypto analysts said.Glassnode's report pointed to signs of long-term holders spending coins and a reduction in big wallets.Talk of a bitcoin price plunge has grown, with a crypto…
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Global funds giant Fidelity joins the race for the first US bitcoin ETF
The race for the first US bitcoin ETF is heating up Dado Ruvic/Reuters Fidelity, the $4 trillion funds giant, applied to list a bitcoin ETF called the Wise Origin Bitcoin Trust.The ETF would track the price of bitcoin using data from exchanges including Bitstamp and Coinbase.The race for the first US bitcoin ETF is heating…
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The recent tech sell-off creates a ‘massive buying opportunity’ with another 30% jump for the sector possible in 2021, Wedbush says
Xinhua/Wang Ying/Getty Images The recent decline in tech stocks has created a “massive buying opportunity” in the sector, according to Wedbush analyst Dan Ives. Ives said he believes another 30% jump in tech names is possible in 2021. The analyst argued that 30% to 40% of employees could eventually be permanently remote, adding fuel to…