Two BlackRock ETFs are facing the prospect of selling as much stock of two energy companies as traded in 40-50 days to comply with dramatic index rebalancing. Also, the ETFs might need to sell over 10% of the free-float market cap of some other entities if the shake-up goes on as proposed. Stocks to be
Month: March 2021
In the last three months, companies issued $140 billion in the junk bond market in the US, surpassing the record rush for cash in Q2 2020 when groups rushed to fortify their finances to survive the impacts of the COVID-19 pandemic. Investors taking advantage of low rates to invest in high yield bonds According to
Although Tesla Inc. (NASDAQ:TSLA) has benefited from the first-mover advantage in the electric cars market, with an increase in EV demand comes competition. One of Tesla’s competitors that deserves a mention is Lucid Motors, which is currently preparing to go public through a SPAC merger with Churchill Capital IV (NYSE:CCIV). Investors could benefit from Lucid
News Corp (NASDAQ:NWSA) is almost finalizing an agreement for the acquisition of education publisher Houghton Miffin Harcourt Co.’s consumer’s arm. The Wall Street Journal publisher is expanding its strategic growth areas after shedding non-core assets, and this will mark the company’s second deal in a week. News Corp expanding strategic growth areas According to people
Robinhood is creating a platform to “democratize” initial public offerings (IPOs), including its upcoming IPO. According to people familiar with the matter, the platform will allow users on the trading app to buy into IPOs alongside Wall Street funds. Robinhood curving shares in its IPO for its users Interestingly, this is a move that could
With Easter around the corner, we might be late for a new Peeps flavor, but this time they have partnered with Pepsi to make a splash in soda form. Peeps’ return from a long hiatus included new products such as cereal and makeup, but the candy brand is launching a soda form for this Easter.
American division along the race line continues to widen by the day. While the focus for the longest time has been on African Americans discrimination, Asians are also starting to feel the heat going by recent shootings in Atlanta. While mass shootings appear to have gathered pace in recent years, it’s only now that they appear
Bitcoin growing popularity and use shows no signs of slowing down. If there was any doubt that the flagship cryptocurrency will ever find its way into the mainstream sector, then Tesla Inc. (NASDAQ:TSLA) might as well have cast them out. A confirmation that the EV giant will start accepting Bitcoin payments for its cars affirms
China is leading the charge when it comes to fiat digitization. The country’s central bank has already unveiled a digital version of the yuan as it moves to take advantage of blockchain technology. While the ledger technology is designed to enhance anonymity, that won’t be the case with digital yuan. Digital Yuan The head of
The US real estate sector is heating up amid accelerated economic recovery fuelled by an aggressive vaccination campaign. Strong demand for new homes at the back of declining inventories point to a market-ready to take off. Likewise, deals and activities in the sector are increasingly edging higher to the extent of Compass Inc. plotting a
Stiff competition for capital flows is turning out to be the order of the day in the Exchange Trade Fund market. Competition for investor’s capital in the $6 trillion market has edged higher in recent months, prompting some of the biggest funds to slash costs to industry lows. ETF Fees Cut BlackRock is the latest
Bonds are under immense pressure amid growing expectations of accelerated economic recovery. Bonds of highly rated companies in the US have lost an average of 5.3% since the start of the year, marking the second-worst start to a new year since 1996. Bonds Sell-Off The sell-off in the bond market comes amid growing expectations that
On Monday, global equities inched higher, with safe-haven assets such as US Treasuries rallying as investors weighed the increasing COVID-19 cases in Europe against the break in the recent bond yields run-up sparked by global inflation fears. Replacement of Turkish Central bank governor unsettles equity markets It was an unsettled day for equity markets, with
Microsoft Corp (NASDAQ:MSFT) has said that it will reopen its Seattle and Redmond, Washington headquarters and nearby campuses later this month. The company will allow employees in the areas to choose between returning to offices, working remotely, or working in a hybrid model. Microsoft is allowing employees in Redmond and Seattle back to offices The
Chubb Ltd (NYSE:CB), the largest and most popular property-casualty insurers in the US, has announced plans to acquire Hartford Financial Services Group Inc. (NYSE:HIG). Following the proposed takeover news, Hartford shares surged over 18% and were temporarily halted for volatility. Chubb to acquire Hartford Hartford confirmed receipt of an unsolicited, non-binding takeover bid from Chubb.
Facebook Inc. (NASDAQ:FB) is expected to launch its augmented reality (AR) glasses this year and it has announced that it is working on a wristband to control them. The company announced that individuals wearing the wristband can interact with the virtual sphere by just moving their fingers. Facebook launches wristband supporting AR glasses This new
A drone video captured by an FPV drone flying at a historic alley in Minneapolis has caught the attention of netizens and garnered thousands of views on social media platforms. The clip, which is 90 seconds long, is titled “Right Up Our Alley,” was captured in a single short although after almost 12 attempts. Drone
Bitcoin acceptance by mainstream institutions continues to gather momentum as Morgan Stanley became the first banking institution to accept digital currency as an emerging asset class. The move by the financial institution positions it in a tight spot with other banking institutions expected to follow. Morgan Stanley to launch three crypto funds In a statement,
The US SEC moved to strike Ripple’s defenses following its suit in December, accusing the blockchain giant and its executives of selling unregistered securities. However, Ripple has responded to the motion to strike its pivotal “fair notice” defenses, labeling it as “meritless.” Ripple says SEC’s motion to strike is meritless In a letter to Federal
A recent survey commissioned by Coldwell Banker Real Estate LLC, a Realogy (NYSE:RGLY), has established that the real estate market is booming into this decade, with one in five homeowners planning to sell in the next year. Coldwell ad to feature at the NCAA Men’s College Tournament The Harris Poll surveyed 1,300 homeowners in the
Judging by the capital flow into US Exchange-traded funds (ETFs), there is an indication that investors favor emerging-market stocks compared to other assets including, US equities. In the last five days through Thursday, the largest ETF acquiring emerging-market shares saw more cash inflows relative to any of the over 2,400 other funds in exchanges. This
After a sell-off last week that pushed borrowing costs higher, US bonds have steadied as European markets ticked up. Investors are now looking forward to the important Federal Reserve meeting expected later this week. Federal meeting to define where yield will trade Interestingly, the benchmark ten-year Treasury yield, which is moving in the opposite direction
Transaction volume in the South Korean cryptocurrency markets exceeded the stock market’s daily average transaction volume, as BTC rose to a new all-time high of $61,000. Crypto market volume surges on BTC price rise to $61,000 CoinMarketCap data showed that the combined 24-hour volume to top south Korea-based digital currency exchanges Bithumb, UPbit, Korbit, and
According to sources, a $630 million deal that would have reshaped the American newspaper industry has experienced complications barely a month after reaching an agreement. Following the complications, New York hedge fund Alden Global Capital could have a deal with a new player for the Tribune Publishing business. Agreement between Alden and Tribune publishing falls
In recent weeks global equity markets have wobbled as bond yields increases driven by consumption spending resumption and optimism of the COVID-19 vaccination rollout. With the business cycle improving, JPMorgan bank is expecting cyclical stocks to lead the market higher in the near- and long-term. Investors considering cyclical stocks currently The bank’s Asia ex-Japan equity
Verizon Communications Inc. (NYSE:VZ) has paid $8.2 billion to the US Treasury, and it plans to go to the debt market to get the remaining $36 billion finances due this month for 5G airwaves that the company needs to expedite growth. Verizon looking for finances to expedite 5G deployment Math Ellis, the company’s CFO, said
A TikTok video explaining how mRNA COVID-19 vaccines work against the virus has gone viral. Viewers have lauded the video, which features COVID-19 as a villain with fork hands and the immune system as a scientist, for its education content. A video showing how mRNA vaccine works goes viral Actor Vick Krishna @hotvickkrishna plays a
A week ago, Bitcoin bears and bulls were in a tug of war at a price level of $50,000, but now market players are aiming to retests a historic high. Bitcoin dipped as low as $53,500, but buyers re-entered the market and pushed it to $57,000, and there is a good chance that BTC could
Recently India indicated that it will ban crypto in the country, but that could change following Finance Minister Nirmala Sitharaman’s comments that the government is considering a calibrated approach towards crypto regulation. Crypto players represented by the Internet and Mobile Association of India (IAMAI) have welcomed the Minister’s comments. IAMAI says the crypto sector employs
With demand for consumer goods, logistics spaces, and e-commerce increasing in recent months, Forney in Kaufman County has been attracting distribution and warehouse projects. The latest company making a move in Forney is VanTrust Real Estate LLC which is planning a major industrial development project in the community. VanTrust building a distribution center in Forney