Google is one of the most valuable public companies in the world, after Amazon and Apple. As of January 16, 2020, Google’s parent company Alphabet Inc. (NASDAQ: GOOGL) became the fourth U.S. company ever to reach a $1 trillion market value. Unlike companies such as Apple’s reliance on more singular business lines like the iPhone
Month: July 2021
Virgin Galactic shares surged on Friday after the space tourism venture announced its next spaceflight test will carry founder Sir Richard Branson. The mission – with two pilots guiding spacecraft VSS Unity carrying Branson alongside three Virgin Galactic employees – plans to launch on July 11 from the company’s operations hub at Spaceport America in
The executive widely seen as heir apparent at IBM has stepped down in a broad management shake-up, as the US computer maker’s board threw its backing behind current chief executive Arvind Krishna to complete an attempted overhaul. Jim Whitehurst, the former chief executive of Red Hat, had been put in pole position to take the
BUY: Argentex (AGFX) A slight dip in revenues constitutes a creditable result given wider business disruption, writes Mark Robinson. Currencies broker Argentex recorded a 30 per cent drop in adjusted operating profits to £8.7m at its March year-end, with financial performance constrained by flat interest rates as the points (yield) on forwards was close to
Robinhood, dogged by fines and regulatory scrutiny, revealed several new inquiries from state and federal watchdogs as it seeks to sell shares in one of the year’s most anticipated public offerings. Among the fresh disclosures made in its registration statement: U.S. prosecutors demanded access to CEO Vlad Tenev’s mobile phone, New York is poised to
Bank of Montreal (BMO), North America’s 8th largest bank, has been recognized by World Finance Magazine as the Best Private Bank for the 11th consecutive year and the Best Commercial Bank in Canada for the 7th year in a row. BMO won the awards for the innovative and customer-centric approach of both groups, their commitment to digital
Rendering of the Krispy Kreme Times Square flagship. Krispy Kreme Check out the companies making headlines in midday trading. Virgin Galactic — The space tourism company’s stock is up 3% after announcing founder Sir Richard Branson will be aboard its next spaceflight test. The stock jumped as much as 25% shortly after the open before
Sharing is Caring! by confoundedinterest17 The headlines scream “850,000 jobs added.” The Federal Reserve Open Market Committee (FOMC) members are probably saying “Oh no! We might have to raise rates and cut asset purchases!!!” Despite the 850,000 jobs added in June, there are so not so great aspects to the jobs report. Like Labor Force Participation
Casa Garita, a luxury residence set in the inland Mexico state of Guanajuato, holds more than a few surprises. The property is hidden behind a modest door on a street of historic homes in San Miguel de Allende’s lively Centro district. Casa Garita sits on a street lined with historic homes in San Miguel de
A sale pending sign is posted in front of a home for sale in San Anselmo, California. Justin Sullivan | Getty Images The pandemic-induced housing boom may not be over quite yet. Despite recent months of softening sales, buyers came back remarkably strongly in May. Pending home sales, a measure of signed contracts on existing
Robinhood’s IPO prospectus shows that 9.5 million customers traded $88 billion of cryptocurrency on its platform in Q1 and the company held approximately $12 billion in crypto assets under custody, a 23-fold increase from last year. Meanwhile, 34% of Robinhood’s cryptocurrency revenue was attributable to the meme cryptocurrency dogecoin. Robinhood’s IPO Prospectus Reveals Crypto Business
People worry about money in good times and in bad. Surveys, pre-COVID, typically found that about seven-in-ten people were stressed about money at any given time. The impact of the pandemic on this stress? It exacerbated an issue that many of us already lived with. Between the worry over health and general well-being of the
The Bureau of Ocean Energy Management will begin an environmental review on the Coastal Virginia Offshore Wind project, a first step in the permitting process for Dominion Energy’s 2.6-gigawatt commercial wind project. U.S. Department of Interior Secretary Deb Haaland announced the review on a tour of the port on Thursday for the project, which is
[embedded content] (Kitco News) - Digital, state-issued currency is the “inevitable” next step of our economic evolution, says Cameron Chell, executive chairman of CurrencyWorks, who concedes it can be a “scary proposition.” Speaking to Michelle Makori, editor-in-chief of Kitco News, Chell said that digital dollars, which fundamentally function differently a dollar that is digital, will eventually
Motor Vehicle and Parts Manufacturing lost 12,000 workers, yet Automobile Dealers gained 8,000? Seems legit… (by Half Dollar) Gold & silver have knee-jerked higher on the most recent jobs report, which will surely be used to push the “booming economy” narrative. Wait. Didn’t Trump tell us the stock market would crash and the economy would
Crypto hedge fund Nickel Digital Asset Management cycled into a cash position following the crypto market collapse of May. According to Bloomberg, the $200 million crypto hedge fund led by JPMorgan and Goldman Sachs alumni redeployed its capital in anticipation of another explosive price run for cryptocurrencies. Prior to piling into a cash position, Nickel Digital
Alphabet Inc. was originally founded as a search engine company in 1998 under the name Google Inc. Since then, Google has become the world’s most popular search engine, with an 87% share of the global search market. The company has diversified far beyond search engines in the past two decades. It reorganized in 2015 and
In this article AMC GME Michael Burry attends the “The Big Short” New York premiere at Ziegfeld Theater on November 23, 2015 in New York City. Jim Spellman | WireImage | Getty Images “The Big Short” investor Michael Burry believes Reddit-favored meme stocks are set to crash like the dot-com and housing market bubbles of
China’s short-video company Kuaishou has formally cancelled its weekend overtime policy, while its competitor, TikTok’s parent ByteDance, is debating internally whether to do the same. The move by Kuaishou, which raised $5.4bn in a public listing earlier this year, comes as China’s tech sector grapples with employees’ complaints of overwork and mistreatment. In January, the
The greatest duet album about marital break-up is George Jones’s and Tammy Wynette’s Golden Ring. It was released in 1976, one year after the country stars had divorced each other in real life. Jones was a violent alcoholic who, according to Wynette, once threatened her with a loaded gun. But they reunited for Golden Ring, which, amid
Out of pandemic chaos has come at least one revelation for many companies: employees’ wellbeing is crucial to the firm’s results, whether it’s physical wellness or financial. A Willis Towers Watson study conducted from February to May 2021 found that 93% of employers surveyed are planning to provide (or currently provide) financial planning and wellness
Analysts fell to the sidelines weighing in on and Public Storage (PSA – Research Report) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks. Public Storage (PSA) In a report issued on June 2, Jonathan Petersen from Jefferies maintained a Hold rating on Public Storage, with a price target
Pedestrians walk past a Walgreens store in New York. Michael Nagle | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Didi — Shares of the Chinese ride hailing company surged more than 14% in their second day of trading, rising back above $16 per share. The stock had a muted session
Sharing is Caring! by Michael Snyder Here in the middle of 2021, Americans are generally feeling pretty good about things. The COVID pandemic appears to be subsiding, our sports stadiums are full of fans again, the stock market has been soaring, and all over the country people are in the mood to party. In fact,
NBA great Kevin Garnett has sold his unfinished mansion in Malibu for $16 million. At the center of the 7-acre ocean-view compound is an 11,000-square-foot home in the process of being built. A gated driveway circles the entire property and leads to a large motorcourt at the front of the house. Kevin Garnett has sold
Guests attend a pool party in the penthouse apartment at the 50 United Nations Plaza building in New York. Michael Nagle | Bloomberg | Getty Images Manhattan real estate prices reached an all-time high in the second quarter, as buyers returned to the city and boosted demand for the largest, most expensive apartments, according to
As Unicly advances NFT combination, fractionalization, and trading, an integration with Sushiswap’s auction platform is designed to promote better pricing conditions for utoken creators and buyers. Collaboration Designed to Improve NFT Price Discovery Process Despite the cooling hype surrounding NFTs, there has been no shortage of innovation in the space as non-fungible token projects explore
Rep Tom Suozzi (D-NY) has introduced a bill to create a public, catastrophic, long-term care insurance program. The monthly cash benefit, initially about $3,600 and indexed for inflation, would be funded with a modest increase in the payroll tax of 0.3 percent for workers and 0.3 percent for employers, or roughly $300-a-year for a median
Michigan drew a second dose of positive rating news in June as S&P Global Rating’s lifted its rating outlook to stable from negative as COVID-19 pandemic fiscal worries fade amid a brighter economic picture. S&P’s action Wednesday came as lawmakers approved the school aid portion of the state’s fiscal 2022 budget, and it followed Fitch
The stock markets are massively overvalued and are due for a “nasty” correction, said Todd Horwitz, chief market strategist of BubbaTrading.com. “I think we’re setting up for a very nasty correction at some point and I wouldn’t be surprised to see that correction as big or bigger than 2008, 2009,” Horwitz told David Lin, anchor