S&P Falls 1.5% On Weak Jobs Data, Trump Tariffs
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6 minutes ago
- Yahoo
If You'd Invested $1,000 in Solana 5 Years Ago, Here's How Much You'd Have Today
Key Points Solana runs on a proof-of-stake network that is one of the fastest in the crypto world. The network is already processing thousands of transactions per second. The technical strength of the network has made it a home run for investors. 10 stocks we like better than Solana › Only launched about 5.5 years ago, Solana (CRYPTO: SOL) is now the sixth-largest cryptocurrency in the world with a market cap of over $96 billion as of July 30. Many investors see immense potential in Solana's network. It's one of the few cryptocurrencies to operate on a proof-of-stake (PoS) mechanism to govern the network. After realizing how energy-intensive the traditional crypto-mining, proof-of-work (PoW) system had become on Bitcoin, the world's largest cryptocurrency, several crypto networks transitioned to PoS. Instead of using high computing power to solve a puzzle like with PoW, PoS has investors stake their tokens to the network, and then assigns them at random to validate transactions and mint new tokens. The more tokens one stakes, the higher the chance they have of being selected and also earning rewards. Even more unique, Solana's network also has a proof-of-history mechanism that essentially creates a sequential record of transactions, enabling even faster transactions on the network. As a result, Solana's network can process thousands of transactions per second (TPS), but it has the theoretical potential to process up to 65,000 TPS, if not more. This gives Solana and its network immense potential to disrupt the global payments system. Investors have done well While volatile like most cryptocurrencies, Solana has been a huge winner for investors that bought the token five years ago. The technical strength of its network has made Solana one of the few altcoins that investors see a strong use case for. Roughly five years ago, Solana traded for just $1.73. Today, it trades for over $179. That's a gain of roughly 10,264%. So, if you invested $1,000 in Solana five years ago, you now have $103,636! That's simply incredible. Investors aren't likely to find too many investments like that in their lifetime. Should you invest $1,000 in Solana right now? Before you buy stock in Solana, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Solana wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $624,823!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,064,820!* Now, it's worth noting Stock Advisor's total average return is 1,019% — a market-crushing outperformance compared to 178% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 29, 2025 Bram Berkowitz has positions in Bitcoin. The Motley Fool has positions in and recommends Bitcoin and Solana. The Motley Fool has a disclosure policy. If You'd Invested $1,000 in Solana 5 Years Ago, Here's How Much You'd Have Today was originally published by The Motley Fool
Washington Post
8 minutes ago
- Washington Post
Cowboys owner Jerry Jones dismisses Micah Parsons' trade request as negotiation talk
OXNARD, Calif. — Dallas Cowboys owner and general manager Jerry Jones does not intend to trade Micah Parsons after the star defensive end said he wants to leave the team amid a breakdown in negotiating a contract extension. 'Surely you guys have been around this stuff and know how to recognize negotiation talk, that type of thing. And so that's where I put that,' Jones said after practice Saturday, one day after Parsons posted on social media to request a trade .
Yahoo
35 minutes ago
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Trump raises tariffs on Canada to 35 percent
President Trump announced Thursday that the U.S. would raise tariffs on certain Canadian goods from 25 percent to 35 percent beginning Friday. Goods that are covered under the 2020 United States-Mexico-Canada Agreement will be exempt from the tariff rate, the White House said. The White House announced the increase hours before higher tariff rates on several countries were set to go into effect. Canada is among the United States's top trading partners. 'Canada has failed to cooperate in curbing the ongoing flood of fentanyl and other illicit drugs, and it has retaliated against the United States for the president's actions to address this unusual and extraordinary threat to the United States,' the White House said in a fact sheet. Trump earlier this year imposed a 25 percent tariff on Mexico and Canada, citing frustrations that the countries had not done enough to curb the flow of fentanyl into the United States. Experts have noted relatively little fentanyl crosses into the U.S. via the northern border compared with the southern border. The president earlier this month threatened to raise tariffs on Canada to 35 percent, again citing the fentanyl issue. Trump late Wednesday said Canada's decision to recognize the Palestinian state complicated efforts to broker a trade agreement. Trump has for months railed against Canada, claiming the U.S. has no need for Canadian goods and musing about annexing Canada as the 51st state. Canadian Prime Minister Mark Carney and other Canadian leaders have flatly rejected that suggestion and asserted that the two nations work better together as partners. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
