The chief executive of Toshiba has decided to step down as the company’s “old guard” launch a boardroom coup to block a $20bn buyout offer by European private equity group CVC, according to two people with knowledge of the matter. The resignation of Nobuaki Kurumatani is likely to be announced formally on Wednesday as board
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After one of the strangest years ever, ETF debuts are once again ramping up to capture cash flooding the industry. About 100 new ETFs have debuted so far in 2021, the best start to a year in at least a decade, according to data compiled by Bloomberg. That compares to 54 by this time in
Bouncing back with incredible force, the S&P 500 has gained 50% over the past 12 months, with the index now landing just shy of its 52-week high. This impressive charge forward has come as investors shrug off COVID-19’s devastating impact on the economy. Going ahead, Raymond James strategist Tavis McCourt believes we’re looking at a
Check out the companies making headlines before the bell: Altimeter Growth (AGC) — Southeast Asia’s ride-hailing giant Grab is going public via a SPAC merger with Altimeter Growth, valued at nearly $40 billion. Grab says it intends to list on the Nasdaq under ticker symbol “GRAB” following the deal’s completion. Altimeter’s shares surged nearly 9%
Did the same thing with Tsla stock right before the new big EV push, should be illegal. www.usatoday.com/story/news/factcheck/2021/02/16/fact-check-paul-pelosis-tesla-investment-predated-joe-biden-order/6727271002/ But its ok because she bought it a month before… Yet the government loses its minds when autists on the internet short gamestop Though it’s nearly impossible to know how much Pelosi has made from this investment
ShapeShift, a cryptocurrency exchange based in Switzerland, has announced full integration with THORChain, enabling direct trading of native Bitcoin (BTC) with Ethereum (ETH) and Litecoin (LTC). As of Tuesday, ShapeShift’s mobile users have the ability to make cross-chain swaps without the use of an intermediary, custodian or counterparty of any kind. This capability will be
Rick Nazarro of Colonial Manor Realty talks with a pair of interested buyers in the driveway as a couple waits to enter a property he is trying to sell during a “controlled” open house on May 2, 2020 in Revere, MA. Blake Nissen | Boston Globe | Getty Images The housing market has been white
There’s more executive turmoil swirling at Better.com, one of the mortgage industry’s hottest new startups, and it’s hitting just days after reports that SoftBank is investing $500 million of new funding that values the business at $6 billion. Elana Knoller, Better’s chief product officer, has been placed on administrative leave following allegations of bullying and
The U.S. government is reportedly concerned that China’s digital yuan could threaten the U.S. dollar’s status as the world’s dominant reserve currency. Officials at the Treasury, State Department, Pentagon, and National Security Council are increasing their efforts to understand the implications of China’s central bank digital currency. Digital Yuan Could Be a Threat to US
Today’s column addresses questions about how taking Social Security retirement benefits at 62 might affect spousal and survivor’s benefits, what spousal benefits can be available after a divorce and withdrawing Social Security disability benefits. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security Planning, Inc, which
The infrastructure policy debate is kicking into high gear as Congress returns to Washington and key stakeholders, including the American Securities Association, will be making the rounds on Capitol Hill to make the case for our industry’s vital role in infrastructure. A real opportunity exists and if done right, America’s investment in infrastructure will create
Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here! (Kitco News) – Bitcoin-U.S. dollar prices are sharply higher and hit a new record high in early U.S. trading Tuesday. The bulls have
There’s little reason to assume the Democrats will depart from the GOP trend… by Ryan McMaken of Mises Institute The reality of federal spending under Donald Trump did much to put to rest the obviously wrong and long-disproved notion that Republicans are the political party of “fiscal responsibility.” With George W. Bush and Ronald Reagan, it was
Delta Air Lines Inc. (DAL) is a global airline that provides transportation services for both passengers and cargo. The company’s global route network for years has served millions of customers annually, taking them to hundreds of destinations worldwide. The COVID-19 pandemic caused Delta’s passenger volume to plunge sharply in 2020. In addition to air transportation
Japan will release more than 1m tonnes of contaminated water from the Fukushima Daiichi nuclear power plant into the Pacific, a move condemned by environmentalists, fishermen and neighbouring countries. Tokyo Electric, the plant’s operator, will construct equipment to dilute and release the water, which has accumulated since three reactors melted down during the 2011 tsunami
People walk by the New York Stock Exchange (NYSE) on the morning that the music streaming service Spotify begins trading shares at the NYSE on April 3, 2018 in New York City. Spencer Platt | Getty Images The New York Stock Exchange announced Monday it would launch “First Trade” NFTs, to memorialize the true first
Goldman Sachs is opening its biggest office in the UK outside London, creating hundreds of technology jobs in Birmingham. The US investment bank’s decision to open a technology centre in the Midlands city is a sign of growing interest among blue-chip employers in cheaper regional cities with a plentiful supply of graduates. In recent years
With a growing number of independent wealth managers vying for wirehouse breakaways, LPL Financial has now recruited a half-dozen ex-employee teams to a channel it launched last year. The latest additions are financial advisors Josh Brown, Scott Thompson, Joel Gray and James “Jake” Cluverius of NorthEnd Private Wealth, who left Merrill Lynch for the largest
With volatility likely to continue in the market, TipRanks brings you the latest analyst action on some of your favorite stocks to help you navigate through the ups and downs. Let’s take a closer look at the top bullish and bearish calls of the day and see what market pundits are recommending. Upgrades 1. FedEx
Take a look at some of the biggest movers in the premarket: Uber (UBER) – Uber announced record gross bookings for March, with its ride-hailing business improving 9% month-over-month for its best showing in a year. The company said in a filing that demand is recovering faster than driver availability as vaccines roll out across the
by Michael Snyder Warmongers are now firmly in control in Washington, and they are pushing us toward war a little bit more each day. A military conflict with Russia, China or Iran would be a nightmare scenario, but there is also a possibility that we could end up fighting all three of them simultaneously. Such
Pennsylvania software firm Integrated Ventures has announced the purchase of 4,800 Bitcoin (BTC) mining rigs from Chinese manufacturer Bitmain. The deal is worth just over $34 million and will see 400 of Bitmain’s Antminer model S19J’s delivered to Integrated Ventures each month for the next year. Integrated Ventures partnered with Wattum Management — a mining
Dig deep enough through the history of almost any Los Angeles home and you’ll likely come across a tie to Hollywood—whether it’s as an owner, former resident, house-flipper, or guest. This classic residence in the Spaulding Square neighborhood of Los Angeles has twice been home to showbiz types. Seven years ago, director-turned-period renovator/designer Steven Antin
The Bolivarian National Guard of Venezuela (GNB) is known for having a tough stance against crypto mining rig counterfeits, as several operations have been assigned to combat the issues over the last few months. This time, the Venezuelan authorities seized 76 mining rigs after allegedly detecting inconsistencies in the transport documentation. Rigs Are Presumably ASIC
Municipal bonds were steady Monday ahead of a smaller, taxable-focused calendar, while U.S. Treasuries rose slightly after auctions and equities took a day off from breaking records. The week opened up with yields 10 to 15 basis points lower from the start of the month, “but that isn’t denting buyer enthusiasm,” said Kim Olsan, senior
Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here! (Kitco News) – Vancouver-based gold producer Lundin Gold (TSX: LUG) today reported first quarter 2021 gold production of 104,137 ounces from its Fruta
The underlying reason behind all of this is monetary and order change in the world. Since the beginning of… by Financial Argument via Financial Argument There is an atmosphere of panic today in the Russian money markets that reminds me of the 1998 crisis period. Besides this, with Russia’s recent massive military movements targeting Ukraine,
When it comes to managing your finances, thoroughly researching any company you work with is of the utmost importance. This couldn’t be truer than with credit repair companies. According to the U.S. Federal Trade Commission (FTC), credit repair scams are incredibly common. There have been several recorded cases of criminals setting up false credit repair
The view from Northrop Grumman’s MEV-2 spacecraft as it approached to dock with Intelsat satellite IS-1002. Intelsat Two aerospace firms accomplished an industry first on Monday, as a small Northrop Grumman spacecraft docked successfully with an active Intelsat satellite to provide service and extend its life. Intelsat’s IS-1002 satellite is nearly 18 years old, and
Air Canada has sold an equity stake to the Canadian government and agreed to a series of commitments including refunds to customers, maintaining jobs and a cap on senior executive compensation in exchange for a multi-billion dollar federal aid package. The national carrier said in a statement on Monday evening it would be allowed access