A heartbreaking video of a ten-year-old migrant boy wandering alone in Texas near the border has gone viral. The video released by US Customs and Border Protection shows the boy from Nicaragua walking in the rural caliche road in Texas after reported being abandoned by a group of immigrants that had crossed into the US.
Staff Writer
Bitcoin is gaining bullish momentum after the cryptocurrency bounced off the lower Bollinger Band. On Wednesday, a wave of selling dominated the BTC market after the price dropped below $56,000. BTC ready to rally to new all-time high Unfortunately, the selloff resulted in $1.4 billion liquidations, with some analysts suggesting that this is the last
The cryptocurrency industry has been performing exceptionally this past, and companies involved in the sector are reaping big. For instance, crypto exchange Coinbase has announced that its Q1 revenue was up 800% YoY, but warned that there is a lot of market volatility currently to issue solid financial projections. Coinbase expects exceptional 2021 despite market
Despite the COVID-19 pandemic, real estate investment has remained strong with the considerable foreign capital increase. For instance, the Pasadena subsidiary of a Chinese-based corporation has acquired a Calabasas office campus for around $79 million, according to the real estate company handling the deal. Gemdale acquired the Park Calabasas office campus. Gemdale USA purchased the
US President Joe Biden launched an infrastructure packaged dubbed the American Jobs Plan at the end of last month, which includes investments to re-energize power infrastructure and enhance renewable energy. One clean energy ETF, Invesco Solar ETF (NYSEAMERICAN:TAN), looks to leverage opportunities in the sector. Invesco Solar ETF leveraging clean energy opportunities The fund plans
Over the past year bonds hit hard by COVID-19 have rallied and rewarded investors who took a gamble. One prime example is cruise company Carnival Corporation (NYSE:CCL) which pawned ships to borrow around $4 billion from investors asking an 11.5% interest rate. Interestingly, the yield on the binds has dropped below 4% as bonds increase
Credit Suisse Group (NYSE:CS) revealed last week that it could incur heavy losses following the US hedge fund Arhegos Capital’s meltdown. As a result, the company reported several high-level departures and has proposed dividend cuts as it considers the heavy losses from the saga. Archegos Capital saga cost Credit Suisse $4.7 billion charge Archegos Capital’s
The Kingdom of Saudi Arabia raised oil shipment prices for customers in its main Asian market, signaling the country’s economic recovery confidence. The move comes after OPEC+ members led by Saudi Arabia and Russia agreed to increase daily oil production between May and July by over 2 million barrels. OPEC+ to ease oil production curbs
The market has been in correction mode since topping record highs in February. A 5% plus pullback in recent weeks has aroused concerns given the sell-offs that have come into play. Amid the sell-off, fundamentals have continued to improve, affirming that the recent pullback might be a minor correction pending further upside action. Market Bounce
Thousands of amateur investors learned a painful lesson last week that stocks don’t always rally after an IPO. The investors increasingly see their fortunes Deliveroo dissipate as the newly listed food delivery app stock continues to edge lower. Deliveroo IPO Deliveroo was expected to be a runaway success as it went public as a darling
George Floyd’s death, in the hands of a brutal police officer sparked widespread riots that brought many cities in the US to a standstill. The trigger was a viral video that showcased police brutality in one of the most despicable actions. While it was highly expected that the video would be the center of the
Bitcoin has once again bounced back after a 10% plus correction. The bounce-back does not come as a surprise as the cryptocurrency has continued to send shockwaves in the mainstream industry. Likewise, it continues to elicit interest from mainstream entities looking to profit from the massive price swings that remain in play. CME Group Bitcoin
The cryptocurrency industry was a buzz of activity in the first-quarter going by massive investments by mainstream firms that saw digital currencies rally to record highs. With the race to mainstream adoption gathering pace, it promises to be an exciting year as investors jostle for opportunities in the nascent industry. ImToken Funding Round Chinese Startup
It was highly expected that the COVID-19 pandemic would trigger massive defaults in the real estate sector on shuttering offices, hotels, and stores. A group of investors holding a record hoard of cash had sought to benefit from any upheavals in the industry that would result in a significant drop in property prices. Real Estate
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
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
- 1
- 2
- 3
- …
- 13
- Next Page »