Category: Hard Fork

Bill Gates commits $750M to help Oxford vaccinate the world against COVID-19


The Bill and Melinda Gates Foundation has contributed $750 million towards the manufacturing and distribution a potential COVID-19 vaccine developed by Oxford University. The funds come as part of a deal with British-Swedish pharmaceutical firm AstraZeneca, who’s joined forces with organisations fighting to protect the world against infectious diseases like COVID-19: the Serum Institute of India (SII); the Coalition for Epidemic Preparedness Innovations (CEPI); and the Gavi Vaccine Alliance (Gavi) — of which the latter two are directly funded by Gates. Gates’ millions will support the delivery of 300 million doses of the vaccine, confusingly dubbed AZD1222, with the first shipments…

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Satoshi Nakaboto: ‘Bitcoin on its way back to $10,000’


Our robot colleague Satoshi Nakaboto writes about Bitcoin every fucking day. Welcome to another edition of Bitcoin Today, where I, Satoshi Nakaboto, tell you what’s been going on with Bitcoin in the past 24 hours. As Descartes used to say: Let’s get this bread! Bitcoin price We closed the day, June 04 2020, at a price of $9,800. That’s a minor 1.49 percent increase in 24 hours, or $144. It was the highest closing price in two days. We’re still 51 percent below Bitcoin‘s all-time high of $20,089 (December 17 2017). Bitcoin market cap Bitcoin’s market cap ended the day…

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Zoom and Tesla have grown faster than any other NASDAQ 100 stock this year


2020 has been a stellar year for the world’s biggest tech companies — but none have added more to their market values than video conferencing darling Zoom Video and Elon Musk’s Tesla. Indeed, both Zoom and Tesla have multiplied their market caps this year, growth that outstrips every single company in the NASDAQ 100 (a popular index of large-cap stocks that includes tech’s biggest firms). [Read: Civil unrest pushes US gun stocks to outpace tech’s biggest companies] Zoom, the free video conferencing app that rose to prominence as COVID-19 spread across the world, started the year with a $18.99 billion market cap.…

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Satoshi Nakaboto: ‘Traders accuse Coinbase of pulling the plug when Bitcoin makes sharp moves’


Our robot colleague Satoshi Nakaboto writes about Bitcoin every fucking day. Welcome to another edition of Bitcoin Today, where I, Satoshi Nakaboto, tell you what’s been going on with Bitcoin in the past 24 hours. As Locke used to say: Whip it, whip it, whip it! Bitcoin price We closed the day, June 03 2020, at a price of $9,656. That’s a minor 1.28 percent increase in 24 hours, or $122. It was the highest closing price in one day. We’re still 51 percent below Bitcoin‘s all-time high of $20,089 (December 17 2017). Bitcoin market cap Bitcoin’s market cap ended…

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This $350M ‘quant fund’ played the stock market using real-time data — then 2020 happened


Coatue’s $350 million data-driven ‘quant fund’ made a swift exit from the market in early April — having realised the coronavirus pandemic had rendered its algorithm unreliable, Business Insider reports. The tech-focused fund, launched by billionaire Philippe Laffont just over one year ago, joins a growing list of “quant funds” to have failed to turn a profit due to 2020’s unpredictable nature. Quant funds use complex algorithms to find hidden trade signals in a hyperconnected web of data. While Coatue’s quant fund mixes old-school stock picking with quantitative analysis (a method dubbed “quantamental”), execs were reportedly concerned that data farmed in…

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Satoshi Nakaboto: ‘Bitcoin plummets almost $700 in an hour, back below $10K’


Our robot colleague Satoshi Nakaboto writes about Bitcoin every fucking day. Welcome to another edition of Bitcoin Today, where I, Satoshi Nakaboto, tell you what’s been going on with Bitcoin in the past 24 hours. As Stephen Hawking used to say: To infinity, and beyond! Bitcoin price We closed the day, June 02 2020, at a price of $9,529. That’s a worrying 6.23 percent decline in 24 hours, or -$633.17. It was the lowest closing price in one day. We’re still 52 percent below Bitcoin’s all-time high of $20,089 (December 17 2017). Bitcoin market cap Bitcoin’s market cap ended the…

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Civil unrest pushes US gun stocks to outpace tech’s biggest companies


Big tech might be thriving thanks to the coronavirus pandemic, but the firearms industry is experiencing even faster growth as Black Lives Matter (BLM) protests grip the US. Shares in weapons giants Smith & Wessen, and Sturm Ruger & Co have surged since the first BLM rallies on May 30, up 27% and 14% respectively as of Tuesday’s market close. Taser’s Axon has risen 28%, and ammo and gun retailer Vista Outdoors jumped 18%. Traders have even flocked to the Olin Corporation, which makes the popular Winchester brand of firearms. Olin stock rallied by more than 9% this week, while…

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3 tech stocks that haven’t fully recovered yet — yes, they still exist


Last week, a rotation started to form from the technology sector into value: sectors that are still discounted such as the energy, financial services, and retail sector. Over the course of the week, the S&P 500 Value ETF (SPYV) gained nearly 5%, while the S&P Technology Sector ETF (XLK) gained a mere 2%. This can be attributed to concerns over how much tech stocks, especially the bigger FAANG names, have run up since the market’s March lows. Notably, the XLK is approaching its pre-corona, all-time high again, whereas the SPYV is still lagging that by a considerable 15%. Now this…

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Satoshi Nakaboto: ‘Bitcoin hits $10,000 again after corona freefall’


Our robot colleague Satoshi Nakaboto writes about Bitcoin every fucking day. Welcome to another edition of Bitcoin Today, where I, Satoshi Nakaboto, tell you what’s been going on with Bitcoin in the past 24 hours. As Ada Lovelace used to say: Yippee! Bitcoin price We closed the day, June 01 2020, at a price of $10,167. That’s a decent 7.43 percent increase in 24 hours, or $703. It was the highest closing price in one hundred and seven days. We’re still 49 percent below Bitcoin’s all-time high of $20,089 (December 17 2017). Bitcoin market cap Bitcoin’s market cap ended the…

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Elon Musk just earned $780 million from Tesla — but there’s a catch


It’s a big day for Elon Musk. The enigmatic billionaire just unlocked almost $800 million worth of cheap Tesla shares — the first payout in what’s considered the largest compensation package of its kind in history. Indeed, Musk can now buy around 1.7 million Tesla shares for $350.02 each, a total cost of just over $595 million. Tesla stock opened Friday trade at $808.32, which means Musk hypothetically stands to profit around $778.6 million in just two trades. [Read: A look at the $17 billion stock portfolio of the Bill and Melinda Gates Foundation] Musk earned the shares by keeping the trailing average of…

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