Arm Ltd, the British chip technology firm being acquired by Nvidia Corp in a $40 billion deal, on Tuesday gave new details about its next generation of data center technology and said Oracle Corp and Alibaba Group Holding will use the chips. Specific reference is made to the most recent Form 40-F/Annual Information Form on […]
The electric-vehicle maker put cryptocurrencies onto the agenda of corporate treasurers worldwide with its investment in Bitcoin. argues that Bitcoin fails as a store of value or unit of account owing to its volatility, even though these are basic functions of money. Arm Ltd, the British chip technology firm being acquired by Nvidia Corp in […]
Arm Ltd, the British chip technology firm being acquired by Nvidia Corp in a $40 billion deal, on Tuesday gave new details about its next generation of data center technology and said Oracle Corp and Alibaba Group Holding will use the chips. INDIANAPOLIS — Eli Lilly fell well short of Wall Street’s first-quarter expectations, and […]
Contracts on the S&P 500 edged just above the flat line after the blue-chip index rose to an all-time high during the regular trading day. Earnings results will pick up on Tuesday with companies including Microsoft poised to report results. “Except for Google, you get the FAANG stocks, and they’ve been dead money for 7, […]
The vast majority of companies that have reported first-quarter results so far have handily exceeded estimates, with the vaccine-enabled recovery helping stoke demand across a wide variety of industries. Eighty-four percent of the S&P 500 companies that have reported first-quarter results to date posted a positive earnings per share surprise, according to data from FactSet. […]
Most of the main 11 industry groups gained, with energy and consumer-discretionary shares jumping the most. While emerging economies from India to Brazil are grappling with a Covid-19 surge or renewed curbs, the developed world is on a firmer recovery path with a faster pace of vaccination. “The Fed is going to likely reiterate their […]
The recent plunge in Indian assets is a reminder the global fight against Covid-19 isn’t over yet for many developing economies, even though an environment of stabilizing U.S. With the Federal Reserve set to maintain a dovish stance at a policy meeting this week, investors are looking to snap up assets pummeled by the first-quarter […]
A fresh bout of selling on Friday drove Bitcoin down as much as 7.9% to $47,525 — below its 100-day moving average — as it continued to take out key technical levels. This week’s almost 20% rout marks the worst period for Bitcoin since it tumbled amid a wider slump in risk assets at the […]
The Dow and the Nasdaq each also sank following the report from Bloomberg, which suggested Biden was considering increasing the capital gains tax rate on those earning more than $1 million to 39.6%. I’m sure there will be intense lobbying from the investment community to adjust those numbers,” Kathy Jones, Charles Schwab chief fixed income […]
Just recently, it reached a disclosure deal with Coinsquare that forced the company to hand over user information to CRA agents. If you invest in cryptocurrency, you probably know by now that you have to pay taxes on realized gains. So, thanks to the CRA’s tax treatment of crypto gains, you will pay much less […]
The smartest investor in the world, Warren Buffett, would say that is not the way to invest,” Dimon said on a client webcast on Wednesday. “I’m not surprised. Red Deer, Alberta– announced today that as part of its regular review of compensation, the Board of Directors has approved a grant of 300,000 stock options to […]
For those unwilling to hold or buy more after an even steeper plunge, I’d say it’s a better idea to cut your losses or take your gains before they’re surrendered at the hands of Mr. Market. In numerous prior pieces, I’ve slammed Bitcoin, Dogecoin, cryptocurrencies, NFTs , and other blockchain-related products as long-term investments or […]
Canola futures hit record highs this week and soybeans have hit multi-year tops as demand for canola to process into vegetable oil and animal feed exceeds supply. Generally, forward looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, […]
Bitcoin rallied again amid the development in the cryptocurrency space, rising above the US$63,500 mark earlier in April. China’s Xinjiang region went through a massive blackout over the April 17 and 18 weekend, leading to many speculating that it triggered the sharp decline in Bitcoin’s valuation. However, experts are speculating that people who sold their […]
Drought conditions now cover 85% of Mexico, and residents of the nation’s central region said Thursday that lakes and reservoirs are simply drying up, including the country’s second-largest body of fresh water. EXCLUSIVE: Oscar-nominated animator and director Michael Thurmeier has inked with Range Media Partners. “If you pan out beyond this tournament and you look […]
Applications for state unemployment insurance unexpectedly plunged to a fresh pandemic low as the recovery gathers steam. After a record-breaking rally last year, bullion has lost momentum amid the advancing dollar and rising bond yields. Still, renewed buying from India and China after a year on the sidelines could provide support for the precious metal […]
Contracts on the Dow dropped about 70 points, or 0.2%, after the index rallied to an all-time high of more than 34,000 last week. For equities, however, volatility has subsided considerably in recent sessions. Low volatility has outweighed low correlations among stocks, driving return dispersion back below the long-term average,” David Kostin, Goldman Sachs chief […]
After trouncing all other sectors in 2020, tech stocks in the S&P 500 Index have drifted toward the back of the pack this year, out-performed by sectors like financials and industrials perceived to have better growth prospects. A rally in the past two weeks has returned the tech-heavy Nasdaq 100 Index to a record this […]
However, every time markets reach new highs, there is a growing fear of a correction. Stimulus packages, earnings growth, and excess cash with consumers will likely play well for the markets in the short term. JP Morgan’s Jamie Dimon sees an economic boom that could run into 2023. However, his view on markets seems to […]
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