In a note to clients, JPMorgan has indicated that the curb on US investors owning securities from various Chinese firms will affect bonds worth $60 billion and led to huge outflows due to forced selling. Ban of US Investors on Chinese securities to affect $60 billion in bonds The Trump administration issued an executive order
The House Financial Services Committee is investigating the coordinated effort from Reddit’s equity trading community to drive the surge in GameStock Inc.’s (NYSE:GME)stock price and other shares thus squeezing hedge funds such as Melvin Capital who had bet against it. The committee will hold a hearing on February 18 entitled “Game Stopped? Who Wins and
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
While many venues of major entertainment are closed from the public for their purposes many investors think that the public will jump right in when the major threat of the pandemic is over. In fact these investors are thinking there will be a surge in consumer spending to many industries that have been hit hardest
Tesla Inc. (NASDAQ:TSLA) lit up the market after confirming a $1.5 billion stake in high flying cryptocurrency Bitcoin. The investment came hot on the heels of Square confirming a $50 million bet and MicroStrategy investing more than $200 million. As it stands, mainstream investments on Bitcoin looks set to edge higher eve further. Morgan Stanley
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
Interest in bitcoin refuses to fade off even with the crypto appearing overvalued at record highs above the $40,000 mark. The meteoric rise has come at the back of increased investment interest worldwide. Indian cryptocurrency exchanges are the latest to register a four-fold increase in Bitcoin interest in recent weeks. Cryptocurrency exchanges and trading platforms
This is the viral moment when a Texas lawyer turned up to argue a forfeiture case but struggled to remove a filler of a kitten on the Zoom call. Rod Ponton is the county attorney who sent shockwaves on social networks for struggling to turn off the filler during a hearing in the Texas 394th
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
Staff members did not like it when BIll Michael, the chair of KPMG in the United Kingdom, told his employees to stop complaining and “playing the victim” about working conditions because of coronavirus and quit his post. He made these comments while speaking during a virtual meeting on Monday that was talking about the pandemic’s
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
Real Estate has remained resilient even as the COVID-19 pandemic continues to disrupt the global economy. Transaction and activities in the sector have been building up over the past year at the back of new projects and strong demand for new homes. PGIM Real Estate conforming it completed nearly $30 billion in transactions in 2020,
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
Tuesday’s trading session ended with a drop in both the Dow Jones Industrial Average and the S&P 500, which resulted in breaking the longest win streak for stocks in months. However there is something itching at the back of many investors minds, is there a major correction around the corner? Even bullish investors are starting
The Exchange Traded Fund frenzy does not show any signs of cooling off even with equities at all-time highs and amid fears of an imminent correction. With social media emerging as a powerful tool capable of influencing actions in the equity markets, ETFs targeting the social media frenzy could be the way forward. Investment firm
Apple Inc. (NASDAQ:AAPL) and Alibaba Group Holding Ltd (NYSE: BABA) have affirmed it is the perfect time to tap the debt market and raise capital. The two tech giants have carried out a series of bond issuance, taking advantage of record-low interest rates to raise cheap capital to finance buybacks as well as working capital.
Most had hoped for a ‘one-and-done’ approach to the coronavirus vaccine but it’s not looking like that is going to be the case. In fact, it looks like we may need to get at least COVID ‘booster shots’ each year going forward, though there’s no definitive answer from health officials just yet. The CEO of
The stock market saw a mixed day for the first time in quite some time today. In fact, only one of the major New York markets saw an increase today and only by a small margin. The Dow Jones fell 0.03% to close at 31,375.83. The NASDAQ rose by 0.14% to close at 14,007.70 and
Based on overnight activity in the markets it’s going to be very difficult to have another record setting day on the stock market after futures fell and oil price growth sent equities rising yesterday. Even though momentum has slowed a little the market has been fairly impenetrable from outside forces on it’s climb to even
Tesla Inc. (NASDAQ: TSLA) is the latest mainstream power play to affirm Bitcoin is here to stay and could be the currency of the future. The tech giant has confirmed the purchase of $1.5 billion worth of the flagship cryptocurrency. According to regulatory filings, the EV giant says it bought the coin for more flexibility
Apple Inc. (NASDAQ:AAPL) has shelved plans to partner with Hyundai and Kia motors in the development of autonomous electric cars. The confirmation comes barely a month after reports emerged; signaling that the two were close to finalizing a deal that would see the iPhone maker venture into the auto business. Apple Project Titan Initial reports
The stock market has been riding a high lately and it seems set to continue. As the week starts, all three major markets are still reporting gains. The Dow Jones rose 0.76% to close at 31,385.76. The NASDAQ closed up 0.95% to finish at 13,987.64 and the S&P 500 closed up 0.74% to finish at
With another busy earnings week it appears that the stock market will begin with a good start. Even without earnings, the idea that a new stimulus package will help the United States economy has spurred enough optimism to push the markets forward. That was helped by statements by Treasury Secretary Janet Yellen that Joe Biden’s
Benchmarks for the stock exchanges started strong on Monday morning which is another notch to bookend the strongest week on the market since November as investors everywhere appear to be ready for an influx in spending as the stimulus package appears to be confirmed. In the morning as trading kicked off the Dow Jones
Alphabet Inc. (NASDAQ:GOOGL) backed insurance start-up, Oscar Health has filed for an initial public offering seeking cash following the telehealth market demand surge during the pandemic. The start-up founded in 2012 by Kevin Nazemi (no longer with the company), Mario Schlosser, and former President Trump’s adviser Jared Kushner’s brother Josh Kushner listed the size of
The US FDA has approved Bristol-Myers Squibb’s Co. (NYSE:BMY) CAR T drug liso cel, Breyanzi in the treatment of certain B-Cell lymphomas in patients that have relapsed or have not responded to two other systemic treatments. Breyanzi approved for the treatment of B-cell lymphoma Bristol Myers will market the chimeric antigen receptor therapy, which is
This was the best week since November for the stock market, even though there were a lot of negative reports going on as well. In fact, the jobs report showed that there was a smaller level of growth in January than what had been expected, but that still doesn’t seem to have affected the market
The market is still on an upward trend though the numbers seem to be slowing slightly. The Dow Jones rose 0.30% to close at 31,148.24. The NASDAQ closed up 0.57% at 13,856.30 and the S&P 500 closed up 0.39% at 3,886.83. On the other hand STOXX Europe held steady today, with no change, closing at
For the month of January the American economy saw wage growth of only 49,000 jobs. While this did decrease the unemployment rate the economy is struggling to make major progress after the coronavirus layoffs that started at the end of 2020. This report will add fuel to the Democratic push as the United States Senate
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