1.Eastman Kodak Becomes Blockchain Company and Spikes 200%.

Kodak Soars as It Joins Cryptocurrency Craze

Shares of Eastman Kodak Co. KODK were rising 64% in premarket trading on Wednesday following a jump of 119% in the previous session after the photo company said it would shift its focus toward blockchain technology and enter the world of initial coin offerings. 

Kodak said Tuesday it would launch its own form of cryptocurrency, KODAKCoin, that would “empower photographers and agencies to take greater control in image rights management” inside its existing KODAKOne platform.

• Kodak Extends Surge After Photography Icon Leaps into Current Blockchain Craze
• Crypto Roundup: What to Know Tuesday as Jamie Dimon, Fed’s Kashkari Sound Off

Shares in the group surged more than doubled in Tuesday trading following the release, rising to a three-month high of $6.80 each.

newsletters@thestreet.com

Eastman Kodak.

www.stockcharts.com
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1.It took the US Half a Century to grow its corporate bond market to $3 trillion….In 7 years we doubled that….

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1.30 Year Treasury Spike….Someone Made $60 Million on the Trade.

But at least one large position amassed last week looks prescient. Someone bought 50,000 put options on bond futures at an average price of 1’04 ticks, according to a trader familiar with the transaction, wagering that the price of long-dated Treasuries would fall as 30-year yields increased. That price jumped to 2’21 ticks Tuesday amid a sustained climb in long-end yields to 2.82 percent, leaving the bet showing a profit of about $60 million.

https://www.bloomberg.com/news/articles/2017-12-19/trader-turns-60-million-profit-in-sharpest-bond-selloff-of-2017

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1.Venture capital investment hits all-time record

Global venture capital investment has hit an all-time record, with more than $142 billion already disbursed in 2017, according to data provider PitchBook.

• Fewer startups are raising money, but the round sizes are getting appreciably larger. For example, though mid-October, eight companies had raised rounds of $500 million or more.
• There has been a boom in fundraising by Chinese startups, partially driven by an increase in local capital sources.
• S. venture investment has hit $81.2 billion, which still trails dotcom era totals from 2000.

https://www.axios.com/vc-investments-2518448702.html
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