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Warren 2020 Just Became Real, Y’all

Daniel Chase

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Well, friends, as the perennial wheel of the Trump administration heads into the latter half of its life, rumors surrounding who the potential candidates for the 2020 Presidential election might be, which have remained on a low-simmer on the back burner, are now being brought to medium-high heat, ready to boil. With the 116th Congress set to meet a few days after the new year, the “blue wave” will finally take its seats in the House and the Senate. In addition to this exciting news, parts of the United States federal government remain shut down at the behest of President Donald Trump who is displeased with the fact that no one seems willing to give him $5 billion to build a wall along the US-Mexico border. Regardless of one’s opinions on the current administration, we are only a year or so out from the Iowa caucus, and this is personally my favorite time period because we, as Americans, have the unique pleasure of witnessing politicians from all political preferences attempt to guise their intentions for running for office. 

One such mystery candidate decided that she no longer wished to remain in the shadows as Massachusetts Sen. Elizabeth Warren announced Monday that, after months of speculation and videos explaining her alleged Native-American heritage, she is establishing an exploratory committee to pursue a 2020 White House bid for the upcoming election. For those of us less privy to jargon used in domestic politics, an exploratory committee is a collective of individuals tasked with determining the candidacy of potential candidates running for an elected office. 

“Exploratory, draft or “testing the waters” committees are formed solely for the purpose of determining the feasibility of an individual’s candidacy for office. The activities of exploratory committees may include polling, travel, and telephone calls to determine whether the individual should become a candidate.”

DC Official Code § 1-1101.01(6)(B)(vi))

Warren is the first Democrat to actively pursue candidacy for the upcoming election following her recent announcement. Warren informed supporters early Monday morning with a crisp email, nearly 13 months ahead of the Iowa caucus. In the email, Warren detailed her master plan to form an exploratory committee, which will allow her to fundraise and hire staffers before she formally announces she is running for office. In addition to the email that went out, Warren released a video that erred on the side of “anti-Wall Street” according to the New York Times. 

Warren’s email said:

“I’ve spent my career getting to the bottom of why America’s promise works for some families, but others, who work just as hard, slip through the cracks into disasters. And what I’ve found is terrifying: there aren’t cracks families are falling into, they’re traps. America’s middle class is under attack. But this dark path doesn’t have to be our future. We can make our democracy work for all of us. We can make our economy work for all of us.”

Sen. Elizabeth Warren (MA-D)

In addition to the mounting anticipation preparing to kill each and every one of us as we approach another election system, other possible Democratic candidates all claim to be deliberating, contemplating, pondering, chewing, and some other verb ending in “-ing” about whether they plan on running in 2020. Following the aftermath of his defeat in the Senatorial race in Texas, Beto O’Rourke previously told media outlets that he had little to no interest in running for president. He told reporters that when he ran for Senate, he was “100 percent focused on our campaign, winning that race and then serving the next six years in the United States Senate,” but given that the outcome wasn’t in his favor, Republican incumbent Ted Cruz retained his seat, O’Rourke continued to say that now he is “thinking through a number of things.” When a Politico reporter asked if O’Rourke’s position on 2020 was any different than it was before the midterms, he said “yeah, yeah it is.”

“People are motivated by him as a political leader and a human being. He is authentic, and luckily, authentically cool. For him to play air drums to the Who or skateboard is both authentic and cool. People want to hang out with him.”

Jim Messina on Beto O’Rourke, NBC News 

As for who will actually run for the Democratic presidential slot, no one knows for sure, but Sen. Warren has laid more groundwork than her fellow comrades. 

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Show Me The Digital Currency

Daniel Chase

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It has been said if you listen closely, you can hear money talking louder than any other person in the room. For centuries, those with greater access to capital have had the privilege of sitting in the driver’s seat, while others living with less means have kowtowed to the demands of the affluent. In the year 740 B.C., long before you or I walked the Earth in search of avocado toast and AirPods, the Tang Dynasty in China introduced the first pieces of paper currency.

After they invited block printing (think stamps), the government started to print money because metal coins were far too heavy to carry compared to the featherweight nature of paper. Prior to the Tang Dynasty getting that paper, dozens of ancient civilizations used bartering systems to trade for what they needed. Ultimately, someone decided that coins and paper money held greater intrinsic value than shiny rocks or three seashells. 

In the thousands of years following the introduction of paper currency, we’ve seen a tidal shift in not only what money looks like, but how it is spent. According to an April 2017 survey, 40% of internet users in developed countries stated that they purchase items online at least “several times per month.” As we’ve seen with the rise of e-commerce sites like Amazon.com and other online shopping platforms, consumers are losing interest in buying products at brick-and-mortar locations.

Ironically enough, 70% of Americans still say they use paper money on a weekly basis, but several financial analysts believe the global economy is headed in a cashless direction. 

According to reports, Sweden, a nation lauded for being both technologically advanced and full of delicious meatballs, is expected to go completely cashless by March 2023, at which point cash will not be accepted any longer as a form of payment. Back in 2012, the six largest banks in Sweden collaborated to develop a mobile payment platform called Swish, which is now used by millions of Swedes every day. 

TechCrunch recently published a piece discussing how the Chinese government plans to implement the “Village Revitalization Strategic Plan,” which is designed to improve the efficiency and level of financial services for rural communities across the nation.

The goal, according to the set of guidelines jointly published by China’s central bank, the Banking and Insurance Regulatory Commission, the Securities Regulatory Commission, the Ministry of Finance, and the Ministry of Agricultural and Rural Affairs, is to “make mobile payments ubiquitous in rural China by the end of 2020. 

If we examine America’s potential to shift towards a cashless society, which could catalyze a global movement, the odds of this taking place are fairly likely. According to a 2017 survey conducted by CNBC, 50% of respondents said they carry cash with them less than half of the time when they are out, and if they do, 76% said they keep less than $50 on hand.

This trend has driven consumers to shift towards the use of debit cards. However, younger generations under the age of 18 cannot have their own checking account, so this has left a significant portion of the American population at an economic disadvantage. 

Luckily, a new mobile banking startup called Step wants to assist the next generation in understanding the value of a cashless dollar. The Company, founded by CJ MacDonald and Alexey Kalinichenko, former execs from the mobile gift card platform Gyft, started Step to help the nearly 75 million children and young adults under the age of 21 in the U.S., who are burdened by having to use cash for all their purchases. 

“Step” is banking on (apologies for the pun) the youthful spirit of todays’ teenagers who are hot to buy items on Amazon.com or purchase in-app downloads on their smartphones but are too young to have a debit/credit card. Step CEO Macdonald says the market for the startup isn’t based on the “unbanked,” it’s the “pre-banked.” 

“We’re building an all-in-one banking solution that primarily focuses on teens and parents. We want it to be a teen’s first bank account. We want to be a teen’s first spending card. And we want to teach financially literacy and responsibility firsthand.”

CJ MacDonald, Chief Executive Officer, Step 

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Back To The Food-ture

Daniel Chase

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Humanity is moving pretty fast, and if we don’t stop and look around once in while, we could miss it. Seemingly every day, tech startups receive seed funding to develop some crazy piece of technology meant to dramatically improve how we lives our lives, but the question is: do these companies understand what we really want or even need? First we need to understand the impetus behind many of these ideas. 

As a society with toddler-like attention spans, forever in search of the “next big thing,” it’s perfectly understandable that companies are sprouting left and right to capitalize on our fidgety nature. Having said that, I posit that it is time we take back our independence from technology that otherwise prohibits us from performing tasks we are perfectly capable of handling. 

Special Delivery! On-Demand Tech Companies Hit Billion-Dollar Valuations; Here’s How Investors Can Capitalize In The Market

The close of 2018 allowed investors across all industries to catch their breath after a  year of volatile upswings and economic downturns changing hands constantly. In that time, the tech stock market flourished with companies offering products and services to assist us in our time of panic. Considering that we made it out of 2018 largely unscathed, some of these companies, and their subsequent product offerings, are no longer necessary. 

One such sub sect of the tech industry that has proven its worth time and time again is that which includes companies developing delivery technology. While I fully agree that we’ve grown accustomed to a way of life that has slowly nurtured our codependence and inability to survive without it, there are some instances where tech has remedied serious systemic issues. Companies in delivery tech, specifically those working in on-demand food delivery are working to foster a healthy relationship between woman and machine, while still managing to make our lives easier. 

Food insecurity is an issue which affects millions of people around the world, and yet, as a global community, we have remained largely complacent in providing assistance. According to the USDA, a food desert is an area which is without access to fresh produce and other healthy foods. These areas are typically found in impoverished countries, and as a result, persons living in these places are at greater risk of malnutrtional diseases. 

In the United States, food deserts exist across the country. The horrific events of Hurricane Katrina left New Orleans and its people in a state of emergency. Though it occurred nearly fifteen years ago, a significant percentage of New Orleans residents still say they have to choose between buying food and paying bills, according to several analysts. 

Where companies in many industries have demonstrated apathy in terms of developing innovative solutions to assist people struggling to survive, there are some in the delivery tech industry determined to make a difference. 

Enter ParcelPal Technology Inc (PKG) (PT0.F) (PTNYF), a delivery tech company dead set on innovating, fabricating, distributing goods to consumers to improve their quality of life. At a time where access to food and supplies is difficult for millions of individuals, ParcelPal is determined to do what it takes to deliver to consumers what they need to get by. The Company recognized the systemic inequities that exist in society and sought to challenge tech industry norms and focus on consumers. 

The Company has managed to develop and maintain an easy-to-use marketplace platform where customers can shop for the products they love and use every day and, rather than pick these items up from locations that could be difficult to travel to, ParcelPal couriers deliver orders to customers in an hour or less. ParcelPal Technology Inc (PKG) (PT0.F) (PTNYF) was founded to make life easier for people, and has risen to the top of the industry because they’ve achieved exactly what they set out to accomplish. 

In recent news, ParcelPal Technology Inc (PKG) (PT0.F) (PTNYF)announced at the tail-end of January that the Company has formed partnership with MADD Canada to aid in the continuous fight to prevent impaired driving. As part of the ParcelPal’s national rollout campaign, advertising for ParcelPal’s service will be seen across the country in various educational forms. Together, MADD Canada and ParcelPal will launch a national awareness campaign focused on educating Canadians on the dangers of impaired driving and the options they have for getting items they want or need without leaving the party. 

An Affiliate of JSG Communications, MIDAM VENTURES LLC has been compensated $75,000 per month for 3 months by ParcelPal Technology, Inc. for a period beginning September 1, 2018 and ending February 1, 2019 to publicly disseminate information about (PTNYF/PKG). We may buy or sell additional shares of (PTNYF/PKG) in the open market at any time, including before, during or after the Website and Information, provide public dissemination of favorable Information. We own zero shares.

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Bitcoin Could Be Rescued By Milennials​

Daniel Chase

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Everyone has a friend or loosely connected acquaintance they they wish would just give it a rest. I’m talking about those people that are so damned impassioned about a particular topic that they not only post regularly about it on social media but at every party, function, or event, it’s really all they can talk about. For one friend of mine in particular, he always talks about cryptocurrencies with statements akin to Will Hunting when he hit his stride in that Southie bar.

We try to tell him that Bitcoin has been struggling to get out of bed after a near two-year dry spell after enjoying an earth-shattering bull run in 2017. Sure, in the past bitcoin’s price shot up from mere pennies to nearly $20,000 in less than a year, but the once-famous crypto has failed time and time again to break out of its bear market tendencies. 

Nearly a decade has passed since Nakamoto released the fabled white paper describing the primordial framework of a peer-to-peer currency network. At the time, an anonymous cryptographer, with the pseudonym of Satoshi Nakamoto, was furious with the fact that consumers were slowly being falling prey to the inefficacies of banks and other financial institutions. 

Nakamoto wrote that “commerce on the internet [had] come to rely almost exclusively on financial institutions as trusted third parties to process electronic payments,” and this nurtured dependence would ultimately lead to a fiscal downturn. With a P2P currency network that kept records of every transaction, banks were no longer needed and the era of decentralized currency was on the rise. 

For a time, everyone wanted a piece of the cryptocurrency market, but that has all been reduced to whispers and murmurs. However, according to a recent survey, interest in bitcoin and cryptocurrencies may be on the rise once more, namely because millennials and younger generations don’t trust those dastardly traditional banking institutions. According to Forbes, 43% of millennial online traders “have more trust in crypto exchanges than the U.S. stock market, compared to 77% of Gen X respondents who have more trust in stock exchanges.” 

It would seem that millennials could actually get credit for contributing something of value to society other than complaining about presidents and student loans. 

“We’re seeing the beginning of a generational shift in trust from traditional stock exchanges to crypto exchanges. Younger investors’ experience with he stock market has seen a great deal of loss of trust, with the fall of Lehman Brothers because of irresponsible practices followed by the worst recession since the Great Depression…Trust further eroded when Americans saw how..banks get free money through quantitative easing while their cost living continues to rise…”

Guy Hirsch, U.S. managing director, eToro

The growing millennial mistrust of banking institutions could rescue bitcoin from its current crypto winter. It is interesting that we place such a large amount of trust in banks, storing thousands of dollars in their systems, and yet we have absolutely no idea what happens to our money when its “protected” in our accounts. The trust-based model of depending on banks to transact and safely store money is outdated and, if there’s anything that can be said about younger generations, it’s the idea that older technologies and systems can and should be replaced as soon as possible. 

According to CoinMarketCap, there are presently over 2,000 cryptocurrencies on the market but analysts say that a majority of these coins are virtually worthless. The initial coin offering explosion of 2017 catalyzed an industry replete with hot shot entrepreneurs ready to throw money at the first crypto they could get their hands on, without any idea as to if these coins functioned. 

“Almost every ICO was just an attempt to raise money but there was no use for the underlying token…The vast majority of what’s our there will be eliminated…”

Barry Silbert, CEO of Digital Currency Group 

Only time will tell as to whether the age of cryptocurrencies will rise once more, but if we are depending on millennial to come to the rescue, historically their collective followthrough is less than noteworthy. 

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