Is it Friday yet?
A Wild Day for Bitcoin
Who knows what tomorrow holds for bitcoin. If it's anything like Thursday, then trading will be absolutely mind-boggling. The digital currency has surpassed five major threshold prices in the past two days. After trading above $16,100 midday Thursday, bitcoin pared gains slightly, still higher 16.18% for the day to $15,971.05 Thursday afternoon. Crazy time. I talked with CME Group CEO Terry Duffy today ahead of his company's big launch of bitcoin futures next week. Stay tuned for that piece. Meanwhile, TheStreet's Kinsey Grant talks the bearish side of bitcoin.
Car Company or Tech Company
Blessed are thou with access to a Bloomberg terminal. In a race to turn cars into roaming computers, automakers continue to morph into tech giants. Toyota (TM) and Ford (F) were among the top 21 recipients of patents in 2016, according to the Intellectual Property Owners Association. That put each automaker in the same patent stratosphere as Apple (AAPL) and Qualcomm (QCOM) .
Speaking of Qualcomm, TheStreet's Ron Orol caught up with CEO Steven Mollenkopf at a speech in Washington, DC today.
Here's a Deal Worth Speculating On
When I asked Walmart (WMT) CEO Doug McMillon what he was looking for in an acquisition he didn't blink an eye.
"We are trying to mostly build the assortment, a customer is looking to us for not just value but they want to have a wide selection," Walmart's CEO Doug McMillon said in an interview. "We are focused on busy families, so moms are important-we want to make every day easier for busy families."
How doesn't Lululemon (LULU) fall into this category? Walmart buying Lululemon also falls into the category of the retailer wanting to get more upscale online in an effort to beat back Amazon (AMZN) .
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