The telecommunication sector is made up of companies that make communication possible on a global scale, whether it is through the phone or the Internet, through airwaves or cables, through wires or wirelessly. These companies created the infrastructure that allows data in words, voice, audio, or video to be sent anywhere in the world. The
Investing
Bonds have been shunned by many investors as rock-bottom rates made them unattractive relative to equities. On Thursday, the bond market may have gained an upper hand in the eyes of some investors. The 10-year Treasury yield soared more than 16 basis points to a high of 1.614%, its highest level since February 2020. The
Texas, the fossil fuel centre of the US, was let down by its natural gas delivery system during last week’s energy crisis, according to the head of the country’s top independent power producer. The critical comments from Curt Morgan, chief executive of Vistra, one of the largest consumers of natural gas and coal in the
Twitter unveiled a range of new potential features on Thursday, including tools that will allow users to charge their followers for exclusive content, as it seeks to expand its revenue sources beyond advertising and boost engagement. The social media platform on Thursday said it was exploring a “Super Follows” feature, where users could choose to
The deadline to both file and pay 2019 federal income taxes was extended to July 15, 2020, due to the economic disruption caused by the COVID-19 pandemic. The extension was announced by then-U.S. Treasury Secretary Steven Mnuchin in March 2020. Key Takeaways The deadline to file and pay 2019 taxes was extended to July 15,
Jakub Porzycki/NurPhoto via Getty Images Shares of GameStop climbed 52.7% in premarket trade on Thursday as heavily-shorted stocks favored by Reddit traders look set for a resurgence. Investors piled into the bricks-and-mortar video game retailer on Wednesday following the reported ousting of Chief Financial Officer Jim Bell, sending the stock soaring 103.9% before trading was
Standard Chartered chief executive Bill Winters said he hoped the election of President Joe Biden would help de-escalate US-China tensions that have hung over the bank in recent years, ending “tit for tat” escalations in trade and geopolitics. Like its London-based rival HSBC, StanChart has been navigating an increasingly fraught relationship between the US, UK
Suning, China’s biggest bricks and mortar retail group and the owner of Italian football club Inter Milan, plans to sell a $1.5bn stake in one of its subsidiaries in a bid to fortify its finances. Shares in Suning.com were temporarily suspended in Shenzhen on Thursday as Suning said that Zhang Jindong, the billionaire founder of
Real estate can be a rewarding and challenging career. Teaming up with a company that offers top-notch training vastly increases the chance of a new agent succeeding. Here are three of the best real estate companies to work for that are known for their programs and dedication to investing in their agents’ success. Key Takeaways
The world’s big central banks are fuelling a bubble in technology stocks that will lead to a “clean-out” on global equity markets, the chairman of Australia’s $135bn sovereign wealth fund has warned. Rock-bottom interest rates and bond-buying programmes put in place to cushion the impact of the pandemic last year have left economies and markets
A GameStop store is pictured in New York, January 29, 2021. Carlo AllegriI | Reuters Shares of GameStop surged more than 100% on Wednesday as investors poured into the brick-and-mortar retailer amid a C-suite shake-up. Shares were halted with less than 30 minutes left in the trading day and the stock ended the day up
Business groups and opposition politicians have this week strongly criticised Scottish first minister Nicola Sturgeon over coronavirus lockdown easing plans that are markedly more cautious than those unveiled by UK prime minister Boris Johnson for England. But comparative data through the winter wave of the pandemic suggest that Sturgeon’s greater willingness to maintain restrictions has
Since its inception in 1978, the 401(k) plan has grown to become the most popular type of employer-sponsored retirement plan in America. Millions of workers depend on the money that they have invested in these plans to provide for them in their retirement years, and many employers see a 401(k) plan as a key benefit
InterContinental Hotels Group, owner of the Holiday Inn and Crowne Plaza brands, has warned that the difficulties of the “most challenging year” in its history have stretched into 2021 as new strains of coronavirus force countries to close borders and limit travel. Keith Barr, chief executive, said recovery was “totally related to vaccines”. A senior
Pavlo Gonchar | LightRocket | Getty Images The firm that provides clearing and settlement services for brokers proposed shortening the time it takes to settle a trade, amid the GameStop controversy that caused brokerages like Robinhood to restrict trading. The Depository Trust & Clearing Corporation, or DTCC, outlined what a T+1, or one-day settlement period,
Investors have moved to protect themselves against further falls in the value of Ark Investment Management’s flagship fund, a key vehicle for everyday investors betting on Tesla and other high-growth stocks. The number of put options outstanding on the ARK Innovation exchange-traded fund — which would pay off if the ETF’s price declines — has
Most Americans encounter some form of debt in their lives. However, not all debts are created equally and some are considered better than others. Indeed, while debt comes in several forms, all personal debt (not corporate or government debt) can be categorized within a few main types, including secured debt, unsecured debt, revolving debt, and
Rocket 3.1 launches from Kodiak, Alaska. Astra / John Kraus Rocket builder Astra is preparing to go public in the second quarter, taking on a crowded field of competitors while aiming for daily deliveries to space by 2025. CEO Chris Kemp spoke to CNBC this month about the company’s plans for its upcoming cash infusion.
Ghana has become the first country in the world to receive coronavirus vaccines under the World Health Organization-backed Covax facility for low- and middle-income countries, marking the beginning of what has been called the largest vaccine procurement programme in history. “With the first shipment of doses, we can make good on the promise of the
Whether you love or hate vegan “milk”, you cannot ignore it this week: Oatly, the Swedish non-dairy company, has just announced plans for a $10bn IPO. A victory for the sustainability cause? Perhaps. But the Oatly IPO may also fuel concerns about green froth, as we write below. Plus it shows the challenge of judging
Even if you’ve managed to avoid sitting through a company benefits meeting, you’re no doubt familiar with the concept of a 401(k) plan. A 401(k) is a defined-contributions plan. You sock away a set amount each paycheck, your employer may match some percentage of the contribution, and years later you declare your own financial independence.
Workhorse W-15 Electric Pickup Truck. Source: Workhorse Shares of Workhorse Group dropped more than 50% at one point on Tuesday after the company was passed over for a key contract from the U.S. Postal Service. Amid heightened volatility, the stock was halted multiple times during the last half hour of trading, before ultimately finishing the
Mexico’s state comptroller’s office has come under fire on Tuesday for backtracking on an audit that found President Andrés Manuel López Obrador’s decision to scrap a partially built airport was far costlier than the government said. The U-turn came after the auditor’s office, the ASF, highlighted a variety of irregularities and miscalculations in flagship government projects.
A young Indian environmental activist linked to Sweden’s Greta Thunberg has been freed on bail, 10 days after she was arrested and accused of sedition for her efforts in supporting a protest by farmers against new agricultural laws. Disha Ravi, 22, who launched the Thunberg-inspired “Fridays for Future” movement in India in 2019, was granted
When you need money fast, your first thought might be to turn to a credit card cash advance. It’s quick, it’s easy, and often your credit card issuer seems to be begging to you to borrow by sending you offers and blank checks. Still, cash advances carry a lot of costs and limitations, so before
A Starlink user terminal installed on the roof of a building in Canada. SpaceX SpaceX CEO Elon Musk says the company’s Starlink satellite internet service “will double” speeds to customers “later this year,” as it continues to build out the global consumer network. “Speed will double to ~300Mb/s & latency will drop to ~20ms later
US technology stocks declined for the second day in a row on concerns that rising long-term interest rates would derail a historic surge in the share prices of fast-growing companies. The technology-focused Nasdaq Composite fell 1.5 per cent while the blue-chip S&P 500 lost 0.5 per cent in New York. Wall Street high-flyers like Tesla,
The UK government reassured people on Tuesday they will not face major restrictions if they refuse to have a coronavirus jab with officials considering a recent Covid-19 test result as an alternative to ‘vaccine passports’. Prime minister Boris Johnson has announced he is considering the introduction of some kind of documentation or smartphone app which
Key Takeaways Analysts estimate adjusted EPS of $2.81 vs. $1.89 in Q4 FY 2020. Data center revenue is expected to rise YOY. Revenue is expected to show robust growth amid the COVID-19 pandemic. Nvidia Corp. (NVDA), already a major force in semiconductors, could become even more dominant and reshape the industry with its proposed $40
Pavlo Gonchar | LightRocket | Getty Images Hedge funds are still licking their wounds after a retail trading frenzy forced the industry to slash its overall exposure to stocks, leading to an underperformance in 2021. Last month, an army of retail investors who coordinated on social media managed to push GameStop shares up 400% in