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
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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
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
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
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
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
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
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
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
Last week Elon Musk saw his net worth plunge after stock markets took a hammering, with Tesla Inc. (NASDAQ:TSLA) stock’s recent surge quickly unraveling. Rising bond yield leading to massive selloffs Currently, there is growing concern among Wall Street investors regarding the rising bond yields that could potentially make borrowing expensive. This could potentially affect
The US SEC is working on the first regulation guidelines for crypto after President Joe Biden’s nominee to lead the agency said that they will offer guidelines to provide clarity and guidance to the evolving market. The Crypto sector needs regulation Gary Gensler shared his thoughts about handling cryptocurrencies with the Senate Banking Committee during
Anglo-Swedish drugmaker AstraZeneca (NASDAQ:AZN) has sold its entire 7.7% equity stake in COVID-19 vaccine producer Moderna Inc. (NASDAQ:MRNA) for over $1 billion. The company sold the entire stake over the course of 2020, cashing in the meteoric rise of the US biotechnology firm’s shares following its success in the production of a COVID-19 vaccine candidate.
The market managed to make a slight improvement to close out the week, though it’s still looking a bit rough overall. The Dow Jones closed down 1.50% at 30,932.37. The NASDAQ managed to hit a positive note, closing up 0.56% at 13,192.34. The S&P 500 closed down 0.48% to finish at 3,811.15. STOXX Europe also
Part of the stock market recovery from pandemic lows is coming from the individuals in the market. These individual traders are younger than the average investor, more aggressive than long-held firms, and are set to place bets on equities from any excess funds they may have, like new stimulus checks. Strategists Parag Thatte, Srineel Jalagani,
With yields of treasury bonds rising, investors are looking to history to see exactly how further rate increases could hit the financial markets. Rising borrowing rates are easily a key factor that can move through the markets and disrupt the rally in equities that was underpinned by coronavirus stimulus spending as well as monetary policy
According to Goldman analysts, crude oil prices are likely to rise sooner, and her than anticipated thanks to energy demand recovery globally, which had outpaced additional supply from US shale and OPEC. The analysts raised their previous Brent price predictions by $10 per barrel to $70/bbl in Q2 and $75/bbl in Q3. Oil prices to
Investors are eyeing up the possibility of a massive long-term infrastructure spending plan even though lawmakers in the United States are focused on short-term coronavirus relief put forth by Joe Biden’s $1.9 trillion plan. Analysts are starting to embed expectations for infrastructure spending with a 25% growth in earnings projections for companies in the machinery
The stock market starts the week under some pressure as yields from bonds rise with the hopes of a global economic recovery is on the horizon. The hopes have been raised with the continued vaccine rollouts around the world and the $1.9 trillion stimulus package from the Biden Administration. THe yield of the benchmark 10-year
With the coronavirus pandemic exposing most sectors to anywhere from mild to major panic over the past year the adjustment to the real world has changed habits everywhere. Some sectors saw accelerated growth like online retailers and for others like alcohol manufacturers and fashion companies making items that are in high demand like sanitizer and
Retail sales in the United States jumped in January with the first growth in four months. This adds evidence that a rebound to the economy is in the picture after financial aid from the government helped influence spending and the number of coronavirus cases fell. Retail sales saw gains of 5.3% during the month of
Currently, Wall Street is moving from one craze to another from GameStop Corp (NYSE:GME) to Bitcoin and now special purpose acquisition corporations (SPACs), which are also called blank check companies. The SPACs space was once an odd security backwater, but it is now raging with a lot of interest. Kaepernick forms a SPAC The segment
Fund manager Gerald Sparrow was able to stay ahead of the curves of the pandemic last year on the stock market, for 2021 he’s moving to different sectors where he still sees the magic. Mr. Sparrow manages Sparrow Growth Fund which has a $97 million fund valance that was in the top 4% in its
Walmart Inc (NYSE:WMT) is spearheading the vaccination drive against the havoc-causing COVID-19. The nation’s largest retailer has expanded the number of locations where the vaccines are available in Georgia, from 10 to 60. Retail Chain Vaccination Drive Similarly, the number of Sam’s Club locations offering the vaccine has increased from two to six, including 14
Coming off of another record high on Wednesday the Dow Jones Industrial Average looked on while the Nasdaq and S&P 500 fell. That was led by those stocks listed on the small market capitalization net Russell 2000. It’s not the end of road for the small capitalization stocks yet however. Financial research specialists at Leuthold
Growing cryptocurrency popularity is increasingly presenting challenges on the world stage. For the longest time, there have been concerns that cryptocurrencies are being used to fuel illegal activities such as money laundering and terrorism. However, it is only now that the same is being felt. Reports that North Korea is circumventing sanctions with the help
The stock market saw another mixed day today with all three major markets making relatively small changes in either direction. The Dow Jones rose 0.20% to close at 31,437.80. The NASDAQ fell 0.25% to close at 13,972.53 and the S&P 500 fell 0.03% to close at 3,909.88. STOXX Europe also saw a fall today of
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