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2 Key Reasons Xpeng Stock Belongs On Your Radar

(Investor place) – China’s electric vehicle market is getting more competitive by the day. Favorable Chinese government policies have given the industry a strong push in the country. As a part of this increasingly hot movement, Xpeng (NYSE:XPEV) is evolving into a notable name in the EV space with a strong foothold in the space. This boost […]

Janet Yellen Offers Senate a More Nuanced Take on Crypto

(Coindesk) – Janet Yellen thinks it is important that the U.S. considers the benefits of cryptocurrencies, alongside the potential for misuse. The Treasury Secretary nominee said that while cryptocurrencies can be used to finance terrorism and other illicit activities, they also have the potential to “improve the efficiency of the financial system” in a written response to […]

Stop the Fixation With Bitcoin and Invest in Ethereum

(Investor place) – The recent surge in popular cryptocurrency Bitcoin (CCC:BTC-USD) has sparked an increase in other cryptocurrencies’ prices. Right now, Ethereum’s (CCC:ETH-USD) Ether is the second most valuable altcoin and is up roughly 100% in the past month. Source: Shutterstock As such, institutional investors should start looking at Ethereum with similar engrossment as they do Bitcoin — the […]

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U.S Mortgage Rates Fall as COVID-19 Infection Rates Pin Back U.S Treasury Yields

(Fxempire) – Mortgage rates hit reverse in the week ending 21st January, ending a run of 2nd consecutive weekly gains. 30-year fixed rates fell by 2 basis points to 2.77%. Compared to this time last year, 30-year fixed rates were down by 83 basis points. 30-year fixed rates were down by 217 basis points since November 2018’s […]

Germany urges Taiwan to help ease auto chip shortage

By Michael Nienaber BERLIN/TAIPEI (Reuters) – Germany has asked Taiwan to persuade Taiwanese manufacturers to help ease a shortage of semiconductor chips in the auto sector which is hampering its fledgling economic recovery from the COVID-19 pandemic. Automakers around the world are shutting assembly lines due to problems in the delivery of semiconductors, which in […]

Samsung will reportedly make 3nm processors at expanded Texas plant

(The Verge) – Samsung is considering spending over $10 billion to build an advanced new logic chipmaking plant in Austin, Texas, Bloomberg is reporting. The plant may be capable of making processors as advanced as 3nm, and would be Samsung’s third worldwide to use extreme ultraviolet lithography technology in its chip production. If the plans go ahead, […]

How educational costs might change in 2021 under the Biden administration

(CNBC) – When you combine the rapid social and economic changes wrought by the Covid-19 pandemic with a new incoming Biden administration and shift in the balance of power between parties in Washington, several aspects of our financial lives are likely to be affected – including educational costs. From potential student loan forgiveness to more educational […]

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Why some tech companies and billionaires are leaving California

(CNBC) – While it may be an overstatement to say California is hemorrhaging people, some of the state’s major companies and wealthiest residents are leaving for states like Texas, Arizona and Florida. In 2020, Oracle, Palantir and Hewlett-Packard Enterprise were among the companies that announced they’re relocating their headquarters out of the Golden State. Wealthy individuals from the tech industry […]

Radio and TV host Larry King dies at 87

(theverge) – Longtime TV and radio host Larry King died Saturday at Cedars-Sinai Medical Center in Los Angeles. He was 87. Ora Media, which King co-founded in 2012, confirmed the news in a tweet to the @KingsThings Twitter account. A cause of death was not immediately available Saturday, but he had reportedly been hospitalized recently with […]

How the National Debt Affects Your Investments

(The US news) – The national debt may seem as far removed from your investments as your parents’ debt is from your bank account. But like your parents’ debt, if the federal government’s budget deficit grows too large, it could impact your daily life and investments in a painful way. Not to be confused with the deficit, […]

CANADIAN DOLLAR FUNDAMENTAL FORECAST: NEUTRAL

(dailyfx) – The Canadian Dollar traded mixed against the US Dollar this past week, but its broader path of appreciation since late March 2020 remains intact. CAD received a boost after Bank of Canada’s Governor Tiff Macklem noted that the nation ‘will not need as much QE’ over time under their base case. His comments […]

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JPMorgan Upgrades Ford: ‘Incoming Tide Of Hot New Products’

(Bnezinga) – A great week for Ford Motor Company (NYSE: F) got even better on Friday when the stock got a major upgrade from a big name Wall Street bank. The Ford Analyst: JPMorgan analyst Ryan Brinkman upgraded Ford’s stock from Neutral to Overweight and raised his price target from $11 to $14. The Ford Thesis: Brinkman said Ford’s “incoming […]

7 Best Tech Index Funds to Buy Now

Technology was 2020’s best performer. (The US news) – The S&P 500’s information technology sector had the best performance of all sectors in 2020 — despite the first-quarter drop — returning 44% versus 16% for the broader index. With that type of performance, investors may be interested in tech index funds to buy this year. While some […]

Vuzix (VUZI) Stock Is a Winner, But How Much Higher Can It Go?

(TipRanks) – There’s no stopping Vuzix (VUZI) right now. The smart glasses maker has been on a roll with shares up by a massive 518% over the past 12 months. However, Maxim analyst Jack Vander Aarde thinks there’s more to come. The 5-star analyst expects 2021 to “mark a significant growth inflection point.” Vander Aarde rests his […]

U.S. labor market recovery slowing; housing, manufacturing anchor economy

The number of Americans filing new applications for unemployment benefits decreased modestly last week as the COVID-19 pandemic tears through the nation, raising the risk that the economy shed jobs for a second straight month in January. Despite the labor market woes, the economy remains anchored by strong manufacturing and housing sectors. Other data on […]

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IBM misses quarterly sales estimates, shares fall

International Business Machines Corp missed Wall Street estimates for quarterly revenue on Thursday, hurt by a rare sales decline in its software unit as clients shied away from longer-term deals due to pandemic-induced economic uncertainty. The 109-year old firm is preparing to split itself into two public companies, with the namesake firm enhancing its focus […]

Yellen wins unanimous U.S. Senate panel vote despite Republican tax, debt concerns

(David Lawder) – The U.S. Senate Finance Committee on Friday unanimously approved Janet Yellen’s nomination as the first woman Treasury secretary, indicating that she will easily win full Senate approval, but Republicans called for her to work with them in developing economic policies. A full Senate vote on Yellen was expected to drag into next week, […]

What Country Is the World’s Largest Oil Producer?

By INVESTOPEDIA Updated Jan 21, 2021 The Kingdom of Saudi Arabia is often cited as the world’s largest oil producer. The country produces 13.24% of the oil consumed in the entire world daily. Saudi Arabia has the second-largest reserves of naturally occurring oil in the world after Venezuela.1 It is estimated that Saudi Arabia’s oil resources amount to 260 billion […]

U.S. ban on China firms could affect $60 billion of bonds: JPMorgan

LONDON (Reuters) – U.S. curbs on investors owning securities from a number of Chinese companies could affect as much as $60 billion worth of bonds and spark hefty outflows through forced selling, JPMorgan (NYSE:JPM) wrote in a note to clients. Donald Trump’s White House issued an executive order in November banning Americans from investing in […]

Pfizer to supply up to 40 million doses to WHO-backed global Covid vaccine program

(benzinga.com) – Pfizer will supply up to 40 million doses of its coronavirus vaccine to a global alliance aiming to provide poor nations with coronavirus vaccines, the head of the World Health Organization said on Friday. The deal will allow Covax — co-led by the WHO — to begin delivering vaccine doses to participating countries in […]

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Biden Signs Executive Order To Strengthen COVID Supply Chains

(Benzinga.com) – Shortages in COVID-19-related equipment and vaccines have prompted an executive order from President Joe Biden to address urgent supply gaps by coordinating, monitoring and strengthening supply chains. The executive order, called A Sustainable Public Health Supply Chain and signed on Thursday, was one of a flurry of presidential actions issued by Biden after he was […]

Twitter suspends account of Iranian Supreme Leader after apparent Trump threat

DUBAI (Reuters) – Twitter suspended an account linked to Iran’s Supreme Leader on Friday, hours after it carried the image of a golfer resembling former President Donald Trump apparently being targeted by a drone alongside a vow to avenge the killing of a top Iranian general in a U.S. drone attack. The post, on a […]

Investors sue Bayer over stock’s slump in wake of Roundup litigation

FRANKFURT (Reuters) – Two law firms are suing Bayer (OTC:BAYRY) for damages on behalf of shareholders, claiming the German group’s management should have warned of the risk of lawsuits over the Roundup weedkiller when Bayer acquired Roundup maker Monsanto (NYSE:MON). Weekly Wirtschaftswoche reported on Friday that two law firms, Hausfeld and Tilp, are pressing civil charges with […]

Japan Rallies Behind XRP as Ripple Faces US Litigation

(coindesk) – “I’m not selling,” Makoto, a Japanese businessman and XRP investor, told CoinDesk. Makoto first bought the digital token XRP in 2017, a year after its issuer, San Francisco-based Ripple Labs, launched a joint venture with one of Japan’s most respected financial services institutions, SBI Holdings Inc.  Soon after, the popularity of XRP soared in Japan.  Related: 30 Charged in Japan With Trading […]

Alibaba-Backed Ant Group’s Valuation Estimated To Drop To $108B

(benzinga.com) – Alibaba Group Holdings Ltd. (NYSE: BABA)-backed Ant Group’s valuation is estimated to be around $108 billion, according to Bloomberg Intelligence. What Happened: This would be less than half of the $250 billion estimated valuation for Ant when it sought to go public late last year. China’s draft proposals on financial technology is the primary contributing factor in this […]

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Volkswagen operating profit drops by half in 2020

BERLIN (Reuters) – Volkswagen (DE:VOWG_p) said its 2020 adjusted operating profit nearly halved but said its car deliveries had recovered strongly in the fourth quarter. The world’s largest carmaker said full-year operating profit adjusted for diesel issues came in at 10 billion euros ($12.17 billion), compared with 19.3 billion in 2019. “The deliveries to customers […]

China’s draft payments rules put Ant, Tencent on notice

A string of recent events in China’s payments industry suggests the duopoly comprising Ant Group and Tencent may be getting a shakeup. Following the abrupt call-off of Ant’s public sale and a government directive to reform the firm’s business, the Chinese authorities sent another message this week signaling its plan to curb concentration in the flourishing digital payments […]

China’s banking sector disposed of $467 billion soured assets in 2020: statement

BEIJING (Reuters) – China’s banking sector disposed of 3.02 trillion yuan ($466.6 billion) in non-performing assets in 2020, the country’s top banking and insurance watchdog said on Friday, up more than 50% from a year ago. The non-performing loan ratio of the banking sector was 1.92% at the end of 2020, according to a statement […]

Amazon stock price target raised to $4,000 at BofA

(Yahoo finance) – Amazon (AMZN) stock has room to grow, with the e-commerce giant’s cloud service likely to be a positive driver in 2021, according to one BofA analyst. Justin Post raised his price target on the stock to $4,000 from $3,650, while maintaining a Buy rating. Shares were trading 2% higher during Thursday’s session. […]

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Wall Street pauses at record highs after Biden bounce

(Reuters) – Wall Street’s main indexes hovered near record highs on Thursday as investors counted on more pandemic relief and speedy vaccine rollouts under the Biden administration to support the economy after data showed a weakening labor market recovery. The number of Americans filing new applications for unemployment benefits dipped to 900,000 last week, but […]

The stock market frenzy feels like 1999 dot-com bubble, global investor Barry Sternlicht warns

(CNBC) – Billionaire global investor Barry Sternlicht said Thursday he’s concerned about the long-term viability of current conditions in the stock market, warning that some aspects feel reminiscent of the dot-com bubble back in the 1990s. “I don’t think we’re having a problem in the stock market near term,” Sternlicht said on “Squawk Box.” “The stimulus is too big.” […]

Wall Street set to open at record high on stimulus optimism

By Devik Jain and Medha Singh (Reuters) – Wall Street’s main indexes were set to open at record highs on Thursday as investors counted on more pandemic relief and speedy vaccine rollouts under the Biden administration to support the economy after data showed a weakening labor market recovery. The number of Americans filing for unemployment […]

Intel’s Debt Insights

(benzinga.com) – Over the past three months, shares of Intel (NASDAQ:INTC) rose by 29.40%. Before we understand the importance of debt, let us look at how much debt Intel has. Intel’s Debt According to the Intel’s most recent financial statement as reported on October 23, 2020, total debt is at $36.56 billion, with $36.06 billion in long-term […]

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United Airlines Slumps After $2.1 Billion Q4 Loss, Cautious Outlook

(thestreet.com) – United Airlines Holdings Inc.  (UAL) – Get Report shares slumped lower Thursday after the second-largest U.S. carrier posted a wider-than-expected fourth quarter loss and cautioned that a near-term recovery for the beaten-down industry remains uncertain.  United said its adjusted loss for the three months ending in December was pegged at $2.1 billion, or $7 per share, […]

Travelers Earnings Beat, Revenue Misses In Q4

Investing.com – Travelers (NYSE:TRV) reported on Thursday fourth quarter earnings that beat analysts’ forecasts and revenue that fell short of expectations. Travelers announced earnings per share of $4.91 on revenue of $7.27B. Analysts polled by Investing.com anticipated EPS of $3.16 on revenue of $7.3B. Travelers shares are up 3% from the beginning of the year, still down […]

How To Create Your Own ETF

(investopedia.com) – By STEPHAN A. ABRAHAM Updated Jan 19, 2021 How to Start an ETF Many beginning investors face two key questions when determining where to invest their hard-earned dollars: how much disposable or investable assets are available, and which investments to choose when building a portfolio. When it comes to deciding where to invest their hard-earned […]

Why Jack Ma’s Reappearance Isn’t Enough To Calm Alibaba Investors

(Benzinga) – Alibaba Group Holding Ltd BABA 5.53% co-founder Jack Ma reappeared in public view on Wednesday sending the company’s shares soaring 5.5% in New York but concerns persist about the Chinese company’s frayed relationship with its government. Investors are seeking more reassurance on the regulatory environment surrounding the e-commerce giant. Here’s what they are saying: Just […]

Why This Analyst Can See Ethereum Skyrocketing To $10,500

(Benzinga) – (ETH), the world’s second-largest cryptocurrency by market valuation, could soar to $10,500, according to Fundstrat Global Advisors strategist David Grider. What Happened: Grider sees Ethereum as “the best risk/reward investment play in crypto,” as reported by Bloomberg. Ethereum is the largest blockchain platform that came to prominence with smart contract applications. A lot of the recent […]

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BlackRock to add bitcoin as eligible investment to two funds

(Reuters) – BlackRock Inc (NYSE:BLK) is adding bitcoin futures as an eligible investment to two funds, a company filing showed, in a move to bring the world of cryptocurrency to its clients. The world’s largest asset manager said it could use bitcoin derivatives for its funds BlackRock Strategic Income Opportunities and BlackRock Global Allocation Fund […]

Asian stocks at record highs as Biden inauguration lifts stimulus hopes

By Andrew Galbraith and Jessica DiNapoli SHANGHAI/NEW YORK (Reuters) – Asian stocks rose to new record highs on Thursday, tracking U.S. markets as investors hoped for more economic stimulus from newly inaugurated U.S. President Joe Biden to offset damage wreaked by the COVID-19 pandemic. Republicans in the U.S. Congress have indicated they are willing to […]

Ford Rises as Deutsche Bank Adds to Short-Term-Buy List

(thestreet) – Ford  (F) – Get Report shares rose Wednesday after Deutsche Bank added the automaker to its short-term-buy list. The investment firm’s analyst, Emmanuel Rosner, made the move as he expects government spending on infrastructure and vehicle electrification to rise under the new Joe Biden administration. Rosner raised his price target on the stock to $11 from $9. Shares of […]

Biden expected to extend the national ban on evictions through March 2021

(CNBC) – President Joe Biden on Wednesday is expected to extend the federal ban on evictions through March 2021 through an executive action in one of his first official acts following inauguration. The ban on evictions has helped millions of Americans struggling amid the coronavirus pandemic. The moratorium on evictions was set to expire at […]

After The Hottest Year On Record, 3 Stock Ideas That Are Green For The Planet

(Benzinga) – Last year was the hottest on record, with data released by NASA last week showing that 2020 was even a little hotter than 2016, the previous record-setting year.  Why It Matters: The renewable power sector soared in 2020 as investors and the general world population have become more environmentally aware. The following are three popular […]

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DraftKings Could Beat Revenue Estimates By 25% Over Next 4 Years: Morgan Stanley

(Benzinga) – Pure play sports betting company DraftKings Inc DKNG 2.42% gets an upgrade on Wednesady based on the total addressable market size rising with additional states launching and legalizing sports betting and iGaming. The DraftKings Analyst: Morgan Stanley’s Thomas Allen upgraded DraftKings from Equal-Weight to Overweight and raises the price target from $39 to $60. The DraftKings Takeaways: The […]

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Trump revokes ethics ban on aides as he exits Washington

WASHINGTON (Reuters) – Outgoing U.S. President Donald Trump, who won the White House in part by promising to “drain the swamp” of Washington political maneuvering, on Wednesday revoked his executive order barring aides and other administration officials from lobbying. The restrictions, imposed soon after he took office in 2017, had targeted the kind of insider […]

TransEnterix Receives CE Mark for Machine Vision System in Robotic Surgery

(Business Wire) – TransEnterix, Inc. (NYSE American:TRXC), a medical device company that is digitizing the interface between the surgeon and the patient to improve minimally invasive surgery, today announced the Company received CE Mark approval for the Intelligent Surgical UnitTM (ISUTM) that enables machine vision capabilities on the SenhanceⓇ Surgical System. This approval will provide Senhance digital […]

There a Dividend Tax? Your Guide to Taxes on Dividends

(thestreet.com) What are dividends? Dividends are payments, usually earnings, from a company to certain shareholders. Generally. companies must declare dividends before paying them. This is typically authorized by the company’s board of directors. You may receive dividends if you own stocks, mutual funds, or exchange-traded funds (ETFs) that have stocks as a holding in the fund. What are […]

Alibaba shares jump on Jack Ma’s first appearance in 3 months

(techcruch.com) – Alibaba’s billionaire founder resurfaced as he spoke to 100 rural teachers through a video call, three months after his last public appearance in October, sending the e-commerce firm’s shares up more than 8% in Hong Kong. A recording of the call was first posted on a news portal backed by the government of Zhejiang, the […]

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Irresistible? Pension funds plot move on China’s $16 trillion bond market

By Dhara Ranasinghe and Saikat Chatterjee LONDON (Reuters) – China’s $16 trillion bond market is the proverbial elephant in the investment room. But it’s becoming too big to ignore, even for the most risk-averse Western investors. A large, A+ rated market that pays 3% yields, with minimal volatility? It’s looking increasingly alluring for European pension […]

Hive Blockchain Buys 6,400 Mining Machines From Canaan to Reach 1,200 PH/s

(Coindesk) – Publicly traded cryptocurrency mining company Hive Blockchain (HIVE) announced its purchase of 6,400 bitcoin mining machines from Canaan (CAN), a move that will push the company’s total hash power past its year-end goal of 1,000 PH/s. Once delivered and deployed, Hive will have an estimated operating hashrate of 1,229 petahash per second (PH/s), putting the company on track to […]

Global investments into clean-energy technology reach record high

(axios.com) – Investments into clean-energy technologies totaled more than $500 billion for the first time ever, according to a BloombergNEF report released Tuesday. Why it matters: Technologies making energy and other material cleaner needs to expand rapidly if the world is to adequately address climate change in the coming decades. Where it stands: If this […]

Why This Enphase Energy Analyst Is Bullish Following Tesla-Driven Sell-Off

(Benzinga) – On Jan. 15, Tesla Inc TSLA 1.48% launched its Tesla Solar Inverter, and the news sent shares of Enphase Energy Inc ENPH 4.16% and Solaredge Technologies Inc SEDG 4.82% tumbling on concerns of new competition. Yet BofA Securities analyst Aric Li said Tuesday that investors should be comfortable buying the dip in Enphase stock. Competitive Risks: One of the biggest risks to the long-term […]

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