Episode 66: Record Highs in Bitcoin and Stock Market
We kick off today with the stock market hitting new record highs, rising rates, and financials.
This week on the markets.
50 and thriving. Today is the 50th anniversary of Nasdaq, Inc., the company behind the stock exchange. Fortune's Shawn Tully talks to Nasdaq CEO Adena Friedman about the milestone and the business's shift away from relying primarily on its exchange as its future. Fortune
January jobs. According to January's jobs report, 275,000 women vanished from the U.S. labor force last month. This time, they made up 80% of total job losses. Overall unemployment fell in January but rose for adult Black women. Fortune
When bitcoin rallied in late 2017, it captured the public imagination by pushing the cryptocurrency's price to then-unprecedented highs. What followed was the most prolific year on record for investment in blockchain and cryptocurrency startups. Now, with bitcoin trading at more than $30,000, investors are hopeful that history could repeat itself. With Elon Musk’s Tesla announcing it bought $1.5 billion in bitcoin and RBC Capital Markets thinks Apple could be the next company to jump on the crypto bandwagon.
Market Close
Dow 30 31,385.76+237.52 (+0.76%)
S&P 500 3,915.59+28.76 (+0.74%)
Nasdaq 13,987.64+131.35 (+0.95%)
IPO
Bumble (BMBL) - Austin, TX Deal Size: $1,710 mil Exchange: Nasdaq Lead Underwriter: Goldman Sachs Operates online dating apps including Badoo and Bumble.
Pandocap will be holding an IPO watch party on Thursday at 8:30 am PST on Facebook Live, Pandocap.co, and Youtube to share what to expect for Bumble’s IPO.