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Yahoo Finance's Jennifer Rogers and Myles Udland recap the day's market action....
(Bloomberg) -- Travis Kalanick sold about 20% of his stake in Uber Technologies Inc. last week.Kalanick, 43, a director at the ride-hailing company, sold 20.3 million shares worth about $547 million that were held in a trust, according to a regulatory filing on Friday.The trades came after a 180-day lockup period restricting insider and early investor sales following May’s initial public offering. They were among the large stake disposals last week that pushed the stock down to an all-time low.Uber has underwhelmed investors in the public markets so far. The shares have tumbled 40% since the IPO, reducing the San Francisco-based firm’s value from almost $76 billion at its listing to about $46 billion. They edged up 0.5% to $27.14 in New York trading Monday.Kalanick, who was ousted as Uber’s chief executive officer in 2017, remains one of tech’s richest entrepreneurs. Even after the sale, he still owns 78 million shares...
XRP, the cryptocurrency used by the Ripple payment network, is growing in popularity. The world's third-largest cryptocurrency by market cap is now used by a number of major banks as part of their payment settlement infrastructure. The altcoin has become a major cryptocurrency, so it’s no surprise that many retail investors want to get their hands on it. Thankfully, it is much easier to buy XRP today than it was a few years ago. There are now several exchanges which allow you to buy XRP with USD, as well as with other fiat currencies. What is XRP? XRP is the cryptocurrency used by the Ripple payment network, which was created to speed up the transfer of money between institutions. RippleThe post How to buy XRP with USD appeared first on Coin Rivet....
Natural gas is considered a vital bridge fuel for the transition away from fossil fuels to a renewable future, but it is already facing serious competition from the fuels of the future...
(Bloomberg) -- Just a year ago, Tencent Holdings Ltd. locked up one of the most coveted media franchises in the country when it paid $1.5 billion for five years of exclusive streaming rights to National Basketball Association games. A single tweet changed all that.Now, the Chinese social media giant may have to suspend airing those matchups -- which drew half a billion viewers last year -- after Houston Rockets General Manager Daryl Morey triggered a media blackout in China by tweeting support for Hong Kong’s pro-democracy protests. That sums up a disappointing 2019 for a company that looked like it was back on track after a horrendous 2018.At stake now for Tencent are billions of dollars in ad and subscription revenue, along with its strategy of becoming a go-to online destination for entertainment beyond gaming. Tencent was supposed to hit the comeback trail this year after a nine-month freeze on game...
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to......
(Bloomberg) -- German Chancellor Angela Merkel signaled support for her deputy’s gambit to break a years-long impasse over Europe’s banking integration.Her remarks Monday evening suggest that the proposal by Germany’s finance minister, while not officially endorsed by the government, reflects a willingness to negotiate on establishing European Union-wide bank deposit insurance. This was a key pillar of Europe’s strategy to exit the sovereign debt crisis, but years of debate has so far failed to produce results.“Finance Minister Olaf Scholz has made a serve here, as one says,” Merkel said in Rome at a news conference with Italian Prime Minister Giuseppe Conte. “We will still discuss the details within the German government, but all in all the things are going in the direction that we need. Namely, that we have to get ahead.”Europe’s seven-year push to cut the link between banks and their home countries has pitted fiscally conservative northern European countries...
