Month: October 2020

The stock market saw some improvement today in New York with the Dow, NASDAQ and S&P all reporting increases. The Dow Jones closed up 0.54% at 28,363.66. The NASDAQ closed up 0.19% at 11,506.01 and the S&P 500 closed up 0.52% at 3,453.49. On the other hand STOXX Europe reported a slightly slower day, coming
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Toy sales are seeing an increase that hasn’t been seen in over a decade, and definitely not since the beginning of the pandemic. Toy-maker Mattel believes it’s because parents are still looking for something that their children can do that will keep them entertained while social activities are restricted. In fact, Mattel has had to
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The cryptocurrency sector has been one of the bright spots amid the pandemic ravaged global economy. Mainstream adoption has gained traction, having become clear that digital currencies will play a pivotal role in the fast-growing digital economy. Likewise, RippleNet members have inked strategic partnership all in the effort of spreading the Ripple technology. RippleNet Deals
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The U.S real estate industry has been a buzz of activities even on the pandemic taking a toll on various sectors. Investors have used the opportunity to purchase highly discounted properties. Likewise, some companies have been on an investment spree in coming up with new projects. Bandwidth New Headquarters Capital Broadcasting Company, in partnership with
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The market has been seeing a single strategy, something that could be considered as “There is no alternative”. Riding the wave over the past few years as stocks have consistently gone up year over year. But the international banking investment firm Deutsche Bank says that the market has its limits and has set it’s twelve
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The need for diversification is becoming a key theme, given the elevated volatility levels in the equity markets. Likewise, Exchange Traded Funds continue to offer a way out of the current dilemma as investors look to gain access to a broad pool of investments. Pacer ETFs Soaring AUM Pacer ETFs, a renowned provider of strategy-driven
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The near-zero nominal interest rate has made income investing a little bit challenging for investors. Companies, on the other hand, have used the opportunity to raise capital, taking advantage of the low interest rates. Likewise, the Federal Reserve confirming it would purchase junk corporate bonds has all but continued to fuel investors’ appetites for bonds.
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The United States Justice Department is beginning what is going to be a years long antitrust lawsuit against Google’s umbrella company Alphabet Inc. and there are many questions about how far and how deep federal legislators can go for breaking up big tech companies.   The specific antitrust lawsuit against Google that was announced Tuesday
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The disconnect between the stock market and underlying fundamentals continues to arouse concerns. Stocks have continued to edge higher in total disregard of the economic turmoil owing to COVID-19 shocks. While the S&P 500 is up by more than 5% for the year, the rally does not paint a clear picture of the underlying developments,
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SpaceX is poised to become one of the biggest broadband service providers. Under the stewardship of Tesla CEO, Elon Musk, the company launched Falcon 9 rocket, conversely taking 60 more Starlink satellites to the lower earth orbit. With the latest launch, the company now has 788 Starlink satellites in the lower orbit. SpaceX Broadband Service
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Stocks closed down for the beginning of the week today with the Dow Jones reporting a loss of 1.44% to close at 28,195.42, the NASDAQ down 1.65% to close at 11,478.88 and the S&P 500 reporting a loss of 1.63% to close at 3,426.92. STOXX Europe also closed down 0.28% today to close at 366.45.
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Results and analysis are in for the first month of consumer spending after the $600 unemployment boost was out, and what happened shouldn’t be a surprise to many. Spending levels in households that were employed remained relatively flat but those who received the unemployment are burning through the savings they grabbed at an alarming rate.
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President Donald Trump Administration is already planning for the future as drug maker’s inch closer to gaining regulatory approval for coronavirus vaccines. The administration has confirmed that senior citizens in long-term healthcare facilities will get a vaccine free of charge once made available. Clinical trials The announcement comes at a time when most drug-makers working
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The market closed today with mixed numbers heading into the weekend. The Dow closed up 0.39% at 28,606.31 and the S&P 500 closed up 0.01% at 3,483.81. On the other hand the NASDAQ closed down 0.36% at 11,671.56. STOXX Europe closed up 1.26% at 367.48. Overall, it’s a mixed message for what’s coming as we
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The biggest aviation mechanical bungle of the last decade is almost ready to fly again. That’s great news for everyone related to the airline industry. Carriers will be able to finally upgrade their fleets, the Federal Aviation Administration will be able to lose that cloud of doubt over their fast tracking regulation process, the manufacturers
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Fleetwood Mac ‘Dreams’ is at the epicenter of one of the biggest challenges on viral video sharing platform TikTok. Just days after Nathan Apodaca rose to prominence with the original selfie-video skateboarding on Idaho highway jamming to the song while sipping Ocean Spray Raspberry Juice, songstress Stevie Nicks has once again excited viewers on the
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All three markets closed down yet again today as we come into the weekend. With the Dow closing down 0.07% at 28,494.20, the S&P 500 closing down 0.15% at 3,483.34 and the NADAQ closing down 0.47% at 11,713.87. STOXX Europe saw a decrease of 2.10% to close at 362.83. Two types of stocks seem to
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This week in the labor market jobless claims jumped another 53,000 to 898,000 for the week ending October 10th, after the initial tally of 845,000 and industry experts expected around 800,000. That level of increase is likely because of more widespread outbreaks of COVID are affecting the job market like they did in March and
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Blockchain and cryptocurrencies are the new themes taking the investment world by storm, given the benefits the two continue to offer in the ever-growing global digital economy. Mainstream institutions are increasingly taking note of the two as they promise to enhance operations in various sectors. DHS Blockchain Investment The U.S Homeland Security is the latest
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