That stock price gives the company a market cap of $97.85 million. On April 21, OTC Markets Group demoted Hometown International to its Pink market from the more prestigious OTCQB platform because of “irregularities” in its public disclosures. personally lent E-Waste $255,000 at an annual interest rate of 8%, according to financial filings. In late […]
“Any investment strategy that you can summarize in a rhyme is probably a bad strategy,” said Jonathan Golub, chief U.S. “I’m not selling in May, and I wouldn’t advise somebody else to,” said Golub. “After especially good November to April six-month runs, the ensuing six months is lackluster,” Worth said. The average gain for the […]
Investors in Asia-Pacific continued monitoring the Covid situation in India as the country continues to battle a deadly second wave of infections. …Read the full story
The Wall Street adage, “sell in May, go away,” does not appear to be materializing Monday, but it’s a historic trend investors will be watching as May plays out. Abel, 59, and Jain, 69, had been seen as being in the running for the top job since they were promoted to vice chairmen of the […]
Monday marks the first trading day of May. “Investors are gearing up for another busy earnings week capped off with a widely watched jobs report. …Read the full story
The world’s largest cryptocurrency enjoyed a head-turning rally this year, topping $60,000 apiece in April as involvement from Tesla to major Wall Street banks made bitcoin mainstream. And since I never buy any gold, I never buy any bitcoin,” Munger said then. …Read the full story
The “Oracle of Omaha” also said he is looking forward to reading Robinhood’s pre-initial public offering SEC S-1 filing as the company nears it public debut, expected in the first half of 2021. The Silicon Valley start-up found itself in the middle of a firestorm in January amid the short squeeze in GameStop, which was […]
The world’s largest cryptocurrency enjoyed a head-turning rally this year, topping $60,000 apiece in April as involvement from Tesla to major Wall Street banks made bitcoin mainstream. And since I never buy any gold, I never buy any bitcoin,” Munger said then. …Read the full story
Stocks notched solid gains in April, as REITs, consumer discretionary names and communications services companies outpaced the broader market, all more than 7% higher. “Since November, there’s been a 30% rally,” said Jimmy Chang, chief investment officer at Rockefeller Global Family Office. Economists say payrolls in April could easily reach 1 million, after 916,000 jobs […]
The Biden administration is pacing ahead of recent predecessors with a greater share of Senate-confirmed women and nonwhite appointees at the 100-day mark than former presidents Trump, Barack Obama and George W. The first 100 days are typically a preliminary look at administration appointments, Tenpas noted. He set an initial goal of 100 million vaccine […]
stock futures dropped Friday despite Amazon shares rising roughly 2% in the premarket a day after the e-commerce and cloud giant reported blowout quarterly results. The Dow Jones Industrial Average saw similar gains but remained fractionally below its record close of earlier this month. Revenue of $108.52 billion for the first quarter also beat forecasts, […]
Gold is being watched closely amid widespread markets expectations of an economic rebound and rise in interest rates, which don’t bode well for the metal. Since then, it has experienced volatility, with the price rising amid pessimism over new waves of Covid cases and falling on optimism over vaccines and the reopening of the global […]
Wall Street is set to open higher Thursday, with Nasdaq futures especially strong after robust earnings from Apple and Facebook sent those stocks sharply higher in the premarket. Those economic data points come one day after the Federal Reserve held the line on near zero interest rates and asset purchases. We are ready for stores […]
The current round of corporate earnings is proving to be one of the most successful in history with more than a third of blue chip companies having reported so far, Barclays analysts noted on Thursday. The Fed expects the current spurt of inflation to be transitory and still sees considerable slack in the labor market, […]
Companies have reported beating earnings by an average of 22.7%, according to Refinitiv, way above the historic beats of 3%-5% that were typical prior to 2020. Stable margins: One major concern for corporate profits has been higher input costs, everything from packaging to transportation to fuel costs, which would adversely impact corporate margins. While restoring […]
The world’s second-largest digital currency by market value surged to a fresh record of $2,800 on Thursday morning, according to data from Coin Metrics. It has still had a stunning rally, though, climbing almost 90% so far this year, on the back of increased interest from institutional investors and corporate buyers like Tesla. At the […]
“The primary market trend remains positive,” said Keith Lerner, chief market strategist at Truist. Thursday marks President Joe Biden’s 100th day in office. First-quarter GDP hit an annualized rate of 6.4%, according to a report published by the Bureau of Economic Analysis, a sign that the U.S. …Read the full story
In a report on Thursday, the panel of experts is expected to call for far more aggressive tracking of bitcoin and other cryptocurrencies. Ransomware gangs collected almost $350 million last year, up threefold from 2019, two members of the task force wrote this week. “There’s a lot more that can be done to constrain the […]
The Dow Jones Industrial Average shed 164 points to close at 33,820.38, dragged down by a 7.2% drop in Amgen’s stock on disappointing earnings. “With inflation running persistently below this longer-run goal, the Committee will aim to achieve inflation moderately above 2 percent for some time so that inflation averages 2 percent over time and […]
