Holiday sales; summing up buy now pay later’s massive year
Black Friday and Cyber Monday numbers are in — with online sales on both days down compared to last year.
Trends
2021 was a big flop for blockbuster IPOs
Compared to previous years, 2021 was a terrible year for blockbuster IPOs. According to Financial Times, half of this year’s big IPOs — companies that raised over $1B upon going public — are now trading below their listing price.
Retailers and e-commerce companies gear up for a strong holiday season
Department stores are putting up a fight — and they’re showing no fear towards e-commerce — the trend putting their peers out of business. Strong credit card and banking data point to a strong holiday season except this year, there’s a big difference in where they’re spending.
The lawsuit every crypto investor Is watching…
Ripple, the creator of XRP ($XRP), couldn’t get Saul for the biggest case of their life — but they do have crypto enthusiasts backing them up.
The fate of XRP, the 7th largest crypto, rests on the outcome of a lawsuit by the securities exchange commission (SEC) — and investors are expecting big moves.
Ethereum killer Avalanche takes over Dogecoin
Let’s talk about Avalanche — the crypto up 113% in the past month — taking over Dogecoin as the top 10 crypto currency by market cap.
The future of 2021’s top-performing sector
The energy sector has been the top-performing S&P 500 sector in 2021 as oil prices soared 61% this year — the highest level since 2014.
- This sent oil-related stocks soaring — with The Energy Select Sector SPDR Fund (NYSE:XLE) up 50% this year.
