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The e-commerce giant is spending heavily on bulk buying, a risky strategy on the fiercest battlefield in China's Internet space.
(Bloomberg) -- For 110 years, four generations of Mills family members earned their money by expanding their great-grandfather’s Chicago apron business into a medical supplier that ranked among the nation’s largest private companies.But soon after Democrats turned their attention toward raising taxes for the wealthy this year, the family signed a deal to cash out billions.It was no coincidence, according to people close to the more-than $30 billion transaction, which sold part of Medline Industr
BlackBerry (BB), a provider of intelligent security software and services to businesses and governments, will report its Q1 earnings on June 24 after markets close. Over the past year, the stock has gained approximately 128% and is currently trading close to C$16.00. Strong earnings could boost BB shares, so let’s have a look at what analysts are expecting. Analysts on average, expect BlackBerry to post a loss of $0.05 per share in Q1 2022, compared to earnings of $0.02 in Q1 2021. Estimated rev
During Monday's fast paced "Lightning Round" segment of Mad Money, a caller asked Jim Cramer about a renewable chemicals and biofuel company, Gevo Inc. : "People need to make room in their portfolio for this stock," he replied. The trading volume is hard to read because of the scaling, but the On-Balance-Volume (OBV) line shows a rise into late January followed by a slow and shallow decline. The weekly OBV line has moved steadily higher and only dipped slightly when prices corrected lower.
The IPO activity this year continues a heavy momentum built up last year – when despite the corona crisis and the economic dislocations, the market saw record breaking IPO activity, with 407 new public offerings. It’s an example of the stock market’s dynamism, and the confidence of both company managers and investors that stocks are the place to find returns. This brings us to Goldman Sachs. The banking firm’s stock analysts have been looking for the equities primed to gain in current conditions
(Bloomberg) -- Torchlight Energy Resources Inc., the tiny oil company touted on Reddit as a possible short squeeze, moved quickly to cash in on its sudden popularity by selling about $100 million in new shares.The Texas-based oil driller that started the year with a market valuation of $71 million disclosed the share sale in a federal filing late Monday. Torchlight, which has seen its valuation more than double in just the past week to more than $1 billion, said it may issue another $150 million
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We have processed the filings of the more than 866 world-class investment firms that we track and now have access to the collective wisdom contained in […]
President Joe Biden has been touting his proposed tax hikes on the rich by saying they need to start “paying their fair share.” The president wants to fund his $1.8 trillion American Families Plan by increasing taxes for wealthy households several ways, such as raising the top income tax bracket to 39.6% from the current 37% rate, a return to the top rate before Trump-era tax cuts. If the American Families Plan became law, the tax bite would be even harder on Vice President Kamala Harris and her husband, Second Gentleman Doug Emhoff.
Plug Power posted bigger-than-expected sales, though its first-quarter earnings fell short of estimates.
Ethereum (ETH) has been moving downwards since it reached an all-time high on May 12. So far, it has reached a low of $1,750.
China’s regulatory crackdown continues to take toll on cryptocurrencies.
Michael Burry issued the warning in a series of tweets that have since been deleted.
The world's biggest cryptocurrency was down roughly 9%, trading at $29,621.
By John Vandermosten, CFA TSX:PMN.TO | OTC:ARFXF | NASDAQ:BIIB One of the wildest roller coaster rides in biotech has been the aducanumab saga that has been taking place over the last few years. Aducanumab, branded as Aduhelm, is an amyloid beta-directed monoclonal antibody intended for use in the treatment of Alzheimer’s Disease (AD). Aduhelm binds to aggregated forms of amyloid beta and has
Polkadot is an ethereum competitor that's gaining the attention of Wall Street
In this article, we will take a look at the 10 best alternative energy stocks to buy now. You can skip our comprehensive analysis of these companies, and go directly to the 5 Best Alternative Energy Stocks to Buy Now. The global alternative energy industry has steadily gained traction, with more people attempting to implement […]
HOUSTON/BENGALURU (Reuters) -Top U.S. oil producer Exxon Mobil Corp has kicked off a yearly performance review for U.S. staff, a process some workers dread because they view it this year as a prelude to stealth layoffs. The evaluations are expected to assign about 5% to 10% of the workforce to performance improvement plans that can lead to forced departures for those unable to achieve managers' goals, according to a person familiar with the process. Exxon last year targeted 8% of U.S. employees as low performers - up from 3% historically.
Next Thursday, July 1, was supposed to be a day of celebration for Tesla: the opening of its self-styled "gigafactory" in the tranquil German municipality of Gruenheide, just outside Berlin. Tesla has already pushed back the expected opening to late 2021. Tesla and its billionaire boss Elon Musk unveiled plans in late 2019 to build the factory.
In this article, we discuss the 10 best copper stocks to buy now. If you want to skip our detailed analysis of these stocks, go directly to the 5 Best Copper Stocks to Buy Now. Copper is on track to become the new gold as the gap between supply and demand widens. According to a […]
Fundstrat Lead Digital Asset Strategist, David Grider, joins Yahoo Finance to discuss how the crypto space is experiencing an extended time of volatility as China’s crackdown and the Fed’s hawkish stance could affect the future of the crypto economy.
Trulieve Cannabis Corp. ("Trulieve" or the "Company") (CSE: TRUL) (OTC: TCNNF) and Harvest Health & Recreation Inc. ("Harvest") (CSE: HARV) (OTCQX: HRVSF) today announced the expiration of the 30-day waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (the "HSR Act") in connection with the previously announced proposed acquisition (the "Transaction").