Month: February 2021

Alibaba (BABA) is currently under the Chinese regulators’ microscope, and founder Jack Ma’s fall from grace has been well-documented. However, none of these issues stopped the e-commerce giant from posting strong F3Q21 results on Tuesday. In the quarter, Alibaba delivered revenue of $33.88 billion, a 37% year-over-year increase and coming in ahead of consensus by
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This is the latest manipulative take on the right. They are manipulating the fact that most people don’t know the layout the Capitol complex. We were all on the Capitol complex – the attack wasn’t just on the dome. The bombs Trump supporters planted surrounded our offices too. pic.twitter.com/jI18e0XRrd — Alexandria Ocasio-Cortez (@AOC) February 3,
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Both collateralized mortgage obligations (CMOs) and collateralized bond obligations (CBOs) are similar in that investors receive payments from a pool of underlying assets. The difference between these securities lies in the type of assets that provide cash flow to investors. Collateralized Mortgage Obligation (CMO) What Is a Collateralized Mortgage Obligation? A CMO is a type of
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Visa is piloting a new system to enable banks to seamlessly integrate crypto features. Using Visa’s crypto APIs, banks can offer a number of cryptocurrency services to their customers, including the buying, trading, and custody of bitcoin. Visa announced Wednesday a partnership with First Boulevard, a digitally native neobank focused on serving the Black community.
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Chicago and Joliet, Illinois, struck a preliminary water purchase agreement that will bring new revenue to Chicago’s enterprise system. The Joliet City Council voted last week to pick Chicago over Hammond, Indiana, as its new water source. The state’s fourth largest city, with about 147,000 residents, is about 45 miles southwest of Chicago. Chicago’s Eugene
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Prices of commodities like corn, rubber, copper, lumber, cotton, and iron are WAY up since August, but gold is DOWN. This makes gold… by Simon Black of Sovereign Man On March 12, 1989, a research fellow at CERN named Tim Berners-Lee submitted a paper to the agency’s senior management, proposing a new way to organize
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The logo of Alphabet Inc’s Google outside the company’s office in Beijing, China, August 8, 2018. Thomas Peter | Reuters Check out the companies making headlines in midday trading.  Alphabet – Shares of the Google-parent company jumped more than 7% after Alphabet reported quarterly results that beat analyst expectations on the top and bottom line.
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As I forecast to clients in last week’s Private Wealth Advisory, stocks have bounced hard off the 50-day moving average. The bounce consisted of a clear breakout from the downward channel formed by last week’s correction (blue lines). As I write this, stocks have been rejected at resistance (red line in the chart below) and are
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Dow component Microsoft Corporation (MSFT) is trading at an all-time high near $238 in Wednesday’s premarket, after beating fiscal second-quarter 2021 top- and bottom-line estimates by wide margins and raising third-quarter guidance. Mr. Softee posted a profit of $2.03 per share during the quarter, beating expectations by $0.62, while revenue grew 16.7% year over year to
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Stash co-founders, Brandon Krieg and Ed Robinson. Source: Stash Stock-trading app Stash plans to announce a $125 million venture investment to help fuel customer growth. But it’s not looking to attract the type of trader who might bet on GameStop. The New York-based company will announce a Series G funding round Wednesday, led by Eldridge
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South Korea will allow the short selling of large-cap shares from May 3, following heavy criticism from hedge funds and other financial institutions against a year-long ban. The partial lifting of the measure comes after the local stock market staged a strong recovery following a coronavirus-driven market rout over the past year and was trading
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With our annual rankings, Financial Planning recognizes the industry’s top producing young advisors among regional firms. The 2021 edition of the Top 40 Advisors Under 40 includes a separate ranking for advisors who work with firms like Ameriprise; RBC; Baird; Oppenheimer & Co.; Janney Montgomery Scott; Raymond James; and Alex. Brown, a division of Raymond
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United States President Joe Biden has rejected a Republican proposal for a COVID-19 relief bill that would have seen $618 billion allocated to struggling American households and businesses. Biden and newly appointed Treasury Secretary, Janet Yellen, dismissed the sum — just under the size of Bitcoin’s entire market capitalization — as insufficient for stimulating the
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New legal provisions on distributed ledger technology (DLT) went into effect on Feb. 1 in Switzerland. After the implementation, two local companies announced that they had issued the first tokenized asset under the brand-new law. ‘Fine Wine’ Token Is Available for Sygnum Bank’s Clients Per the announcement, Swiss digital asset bank Sygnum and Fine Wine
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The world’s best buys on beachfront property in 2021 are to be found in Northern Cyprus, Colombia, Brazil, Mexico, and Belize. These are the findings of Live and Invest Overseas’ 2021 Global Property Survey, an annual index that details what it costs to own property in the world’s top locations for living or retiring overseas.
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