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‘Amazon Junior’ Throws Weight Around on Canada’s Stock Market

(Bloomberg) — Shopify Inc. is a growing rival to Amazon.com Inc. in e-commerce. The Canadian tech company is still much smaller than the U.S. giant, of course — except in one respect.Ottawa-based Shopify, which went public only five years ago, has come to have an outsized impact on equity returns in its home country. It now accounts for fully 6.5% of the S&P/TSX Composite Index, more than Amazon’s 4.9% weight in the S&P 500.As Shopify goes — and most of the time it goes up, not down — so goes Canada’s main equity benchmark. The stock’s blistering run has added …read more […]

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‘We need a national plan to bring us down to an agreed about level’: doctor

As cases of coronavirus continue to rise, health and government officials remain skeptical about the best ways to reopen. Dr. Peter Hotez, Baylor College of Medicine, joins The Final Round to discuss why he believes that the best way to proceed is for a federalized opening plan which could allow the U.S. to see schools, sports, and everyday life resume to normal by October. …read more […]

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Why this firm sees a path to $2 trillion for Amazon

On Friday, Deutsche Bank analysts led by Lloyd Walmsley raised their price target on shares of Amazon from $3,333 to $4,000, just one day after the e-commerce giant reported a blowout second quarter, which would the value it at $2 trillion. The firm said “it’s tough to see anything this quarter that was not positive”, although it did cite key risks to its call including higher competition and regulation. The Final Round panel discusses the bullish call.
…read more […]

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Trump to Demand TikTok’s Chinese Owner Divest App, With Microsoft Reportedly in Acquisition Hunt

Donald Trump is gearing up to issue an order requiring ByteDance to sell its ownership interest in TikTok, according to multiple reports — otherwise, he’s threatened to ban the short-form video app in the U.S. over security concerns related to its ties to China. At the same time, Microsoft is currently in talks to buy […] …read more […]

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Microsoft Is Said to Be in Talks to Buy TikTok in U.S.

(Bloomberg) — Microsoft Corp. is exploring an acquisition of TikTok’s operations in the U.S., according to a person familiar with the matter.TikTok, a video-sharing app, is owned by China-based ByteDance Ltd., which has been evaluating changes to its business structure because of the U.S. government’s national security concerns.President Donald Trump plans to announce a decision ordering Bytedance to divest its U.S. ownership of TikTok, according to people familiar with the matter. The U.S. has been investigating potential national security risks due to the Chinese company’s control of the app. Trump’sdecision could be announced as soon as Friday, said the people.Microsoft …read more […]

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4 Gold ETFs for 2020

When the U.S. dollar loses value, it creates a ripple effect across markets around the world. The prices of some things go up. Some go down. And it almost always creates increased demand for safe-haven investments like gold ETFs.

Now, some courageous investors see a weakened dollar as a time to jump into the markets because it’s shown to lead to a median 2.6% bump in the S&P 500. But when a weak dollar is paired with market volatility, it will almost certainly create a boon for gold bugs.
But again, it’s not just good for those investing in physical gold (which …read more […]