Just a week after topping $3,000 for the first time, Ether -- the cryptocurrency that runs on the ethereum blockchain -- passed another milestone at $4,000.
Shares of software firm Alfi Inc finished up 108.8% on Tuesday, one of the latest companies that has seen its stock surge in a broader rally that has refocused attention on so-called meme stocks in recent weeks. Shares in Alfi closed at $16.29 after touching a high of $16.45, with 211 million shares changing hands, making it the third most actively traded stock on U.S. exchanges on the day. Its market cap has ballooned to $201 million, from a $15.5 million valuation for its early May stock market debut.
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Supermajors are piling into the world’s hottest offshore drilling location after a string of major discoveries
In this article, we discuss the 13 stocks to buy amid rising inflation. If you want to skip our detailed analysis of these stocks, go directly to the 5 Stocks to Buy Amid Rising Inflation. The increase in prices of items because of supply chain problems and rising demand have led to fears of inflation […]
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(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
Piper Sandler analyst Alexander Potter published a detailed forecast for electric-vehicle sales for the coming generation. Some investors aren't going to like it.
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
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.
(Bloomberg) -- China’s capacity to maintain stability in its financial markets is being tested by the Federal Reserve’s sudden hawkish shift.Beijing has repeatedly voiced concern that liquidity-fueled bubbles overseas would burst when monetary conditions finally started to tighten. Bullish speculation domestically already prompted intervention by Chinese authorities, particularly in commodities. As such, a move by the Fed that starts to head off such a risk would be welcomed by the Communist Par
White Square Capital's decision followed a review of its business model and was unrelated to trading in the videogame retailer, according to the Financial Times.
(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
China’s regulatory crackdown continues to take toll on cryptocurrencies.
Last year, when Nvidia (NVDA) announced it intended to acquire UK chip designer ARM for $40 billion, it set up the prospect of the chip giant becoming, well, even bigger. The addition of ARM’s semiconductor IP portfolio should add another arrow to the quiver, especially when considering ARM’s large exposure to the mobile device market. Since the deal still needs to be approved by the U.S., UK., European and Chinese regulators, it is uncertain whether the acquisition will eventually go through. I
The electric-vehicle startup Lucid is set to make its mark not only on the EV market, but on the entire auto industry.
DOT was one of the day's biggest winners.
Investors have known about the plan for months, but on Friday, GE said it will take place on July 30, after the market closes.
Bitcoin prices remain under pressure. Here is one new reason why.
WASHINGTON (Reuters) -The country's largest lenders are poised to start issuing as much as $130 billion in dividends and stock buybacks from next month after the U.S. Federal Reserve gives them what is expected to be a clean bill of health on Thursday, said analysts. The Fed on Thursday will release the results of its "stress tests," an annual health check introduced in the wake of the 2009 financial crisis to see how banks would fare in an extreme hypothetical economic downturn. Due to pandemic lockdowns, lenders last year weathered a real-life economic crash that was by many measures more extreme than the Fed's imaginary scenario.
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.