Lyft Stock Tumbles Two Days After its IPO

Lyft’s high-flying stock has taken a dive just a day after debuting on the Nasdaq. And the shockwave could rock other big tech companies readying for their own initial public offerings this year. “This is a pivotal few weeks of trading ahead to gauge street demand for the name as valuation and profitability continue to […]

Gold-Backed Cryptocurrency Is Almost Here

Investors will soon be able to buy gold and stocks in the form of cryptocurrency, the same way they might buy Bitcoin. Paxos, a New York-based firm that already offers a dollar-backed cryptocurrency (known as a stablecoin) as well as Bitcoin trading services, plans to introduce digital tokens backed by precious metals and publicly traded […]