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CI earnings call for the period ending March 31, 2021.
Sentiment may have turned a little too bearish, a feature that is often observed at market bottoms.
The big takeaway from the past week in business news is that A) secretly released documents show that billionaires aren’t paying their fair share in taxes. And meanwhile, B) hotels and restaurants and other businesses can’t find enough people to work
(Bloomberg) -- Blackstone Group Inc. and Starwood Capital Group’s takeover of Extended Stay America Inc. has been approved by the hotel chain’s shareholders.The preliminary results of the vote show that a majority of the shareholders were for the deal at $20.50 a share, according to a statement on Friday.The private equity firms agreed to buy Extended Stay in March for $19.50 a share, boosting their offer by $1 per share after opposition from six shareholders, including Tarsadia Capital, which c
(Bloomberg) -- The world’s emergence from the coronavirus pandemic is set to unleash a wave of spending by older consumers, with increasing opportunities for investors in aging-linked stocks.That’s the view of money managers who see huge pent-up demand from wealthy seniors for medical services and luxury goods. They also expect that the forced adoption of the internet by older people during lockdown will open up this demographic permanently to e-commerce companies and social networks.The number
Silver attempts to get above the resistance level at $28.30.
El Salvador may be touting bitcoin's use to help its citizens living abroad send funds back home, but the biggest remittance firms are cautious about offering cryptocurrency services. In a move that could be a harbinger of crypto becoming a more popular way to send money across borders, El Salvador on Wednesday became the first country to adopt bitcoin as a parallel legal tender. President Nayib Bukele played up bitcoin's potential as a remittance currency for Salvadorans overseas.
(Bloomberg) -- European Central Bank President Christine Lagarde gave investors the green light to load up on some of the highest-yielding government bonds in the region over the coming months.By signaling that there would be no let-up in the ECB’s pandemic debt-buying program on Thursday, she helped put aside fears that the central bank is preparing to withdraw unprecedented monetary support -- at least until September.Italian and Greek securities extended a rally Friday as the region’s riskies
(Bloomberg) -- Amazon.com Inc., Apple Inc. and other U.S. technology giants would have to sell or exit key businesses under sweeping antitrust legislation proposed by House lawmakers.The proposal is among a series of bills introduced Friday by House Democrats and Republicans that would place significant new constraints on how tech platforms run their businesses and give antitrust enforcers more legal authority to take on some of the country’s largest and most lucrative businesses.“Unregulated te
(Bloomberg) -- U.S. equities eked out a gain in choppy trading as investors continued to assess the outlook for inflation and the path of Federal Reserve monetary policy. Ten-year Treasury yields held at around the lowest since March.Friday’s advance of 0.2% came a day after the S&P 500 notched its first all-time high since early May as data showed U.S. consumer price increases in May were largely driven by categories associated with economic reopenings, bolstering the view that inflation pressu
Positive news from El Salvador couldn't completely overcome negative news out of China.
European shares, the S&P 500 and an index of global stock performance scaled new peaks while yields on U.S., Japanese and European government debt fell on Friday as investors embraced the easy monetary policies of major central banks. Investor sentiment rose in Europe after the European Central Bank raised its growth and inflation projections on Thursday, and also renewed a pledge to keep stimulus flowing. The MSCI all-country world equity index, a benchmark that tracks shares in 50 countries, set a new intraday high and record close at 719.52, up 0.2% in a late-day surge that also lifted the S&P 500 to an all-time close.
Bitcoin (CCC:BTC-USD) is still the most talked-about cryptocurrency, more than a decade after Satoshi Nakamoto created the digital currency. Now there are more than 7,000 cryptocurrencies out there. So if you want to invest in something other than BTC-USD, several options are available. But before we get into the details of the best altcoins to buy today, it’s important to evaluate major crypto news.InvestorPlace - Stock Market News, Stock Advice & Trading Tips China has banned financial and pay
The IRS just sent out millions more payments. Will you get one?
Nvidia Corporation (NASDAQ:NVDA) has been among an elite class of high-flying tech stocks. Over the past five years, NVDA stock has delivered a return of over 1,400%. Source: JHVEPhoto / Shutterstock.com So far in 2021 – a year that has not been kind to many other tech stocks – NVDA is up 32%. Its business is red-hot, with gaming, data centers, AI and crypto currency mining all driving revenue growth. That performance has meant that shares are expensive. The company wants to make those shares (n
Mortgage rates fall back ahead of this week’s FED policy decision in spite of inflation fears. Weaker NFP numbers may have eased pressure on the FED to make any immediate moves…
(Bloomberg) -- Lumber futures posted their biggest-ever weekly loss, extending a tumble from all-time highs reached last month as sawmills ramp up output and buyers hold off on purchases.Prices in Chicago fell 18% this week, the biggest decline for most-active futures in records going back to 1986. Lumber has has now dropped almost 40% from the record high reached on May 10.Sawmills appear to be catching up with the rampant homebuilding demand in North America that fueled a months-long rally, br
With environmental and sustainability concerns coming into focus this past year, electric vehicle stocks have seen some strong momentum. The shift from gasoline to battery-powered cars is now a fast-growing trend in the auto sector. Because of that, traditional automakers are moving aggressively towards electrification while fresh-on-the-scene electric vehicle (EV) companies work on innovative new technologies. So, EVs have received widespread support. Still, they continue to have their challeng
A developer of electric, flying taxis is set to go public in New York by merging with a SPAC, as part of the latest wave of listings bringing more than $5 billion in enterprise value to the stock market.
"Jeff Bezos’s trip to outer space is being financed by all the rest of the U.S. taxpayers who paid their taxes so that Jeff Bezos didn’t have to," Warren says.
You could receive up to $300 per month for each of your kids. Here's how.