Month: August 2020

Chainlink’s link token has surged past bitcoin, becoming the most traded cryptocurrency of the past 24 hours on Coinbase Pro. …read more […]

WINNIPEG, Manitoba/BEIJING (Reuters) – Canadian canola prices have soared to the highest in nearly two years, despite a diplomatic dispute between Ottawa and Beijing, as exporters find roundabout ways to reach top oilseed buyer China. Chinese authorities have since March 2019 blocked canola shipments by two Canadian exporters, an action they took after Canadian police detained a Huawei Technologies executive in late 2018 on a United States warrant. The dispute however, has not spoiled China’s appetite for canola, which is mainly processed into vegetable oil. …read more […]

(Bloomberg) — Warren Buffett is betting on brighter prospects for his Berkshire Hathaway Inc.Berkshire spent a record $5.1 billion buying back its own stock in the second quarter, and may have kept that higher pace going in July. The billionaire investor sought to seize on a bigger discount to the S&P 500 during a quarter when the conglomerate’s operating businesses held up better than expected.Buffett said in early May that he was keeping cash high to be prepared for any direction the pandemic might turn and wasn’t overly attracted to buybacks. But as he searched for undervalued assets to spend …read more […]

Guyana has become a hotspot in the oil industry in the past decade, but the COVID crisis and a new political regime could dim the spotlight for the rising star …read more […]

Rates on 15-year loans are as low as 1.875%. Here are four tips for getting a good one. …read more […]

Could a Twitter-TikTok tie-up transpire? The social network and TikTok, owned by China’s ByteDance, have engaged in “preliminary” discussions about merging TikTok’s U.S. operations with Twitter, the Wall Street Journal reported, citing anonymous individuals. Twitter declined to comment. A TikTok rep said via email Sunday, “As a matter of corporate policy we do not comment […] …read more […]

(Bloomberg) — The U.S. passed 5 million Covid-19 infections on Sunday after adding 1 million new cases in just over two weeks. White House economic adviser Larry Kudlow argued the U.S. is making inroads against the spread of Covid-19. Florida’s cases and deaths slowed.The European Commission is hopeful a vaccine will be available by early next year, allowing a gradual return to normality, Handelsblatt reported.Italy’s government reaffirmed its plan to reopen schools next month. That message was echoed by the cabinet in the U.K. even as it again reported more than 1,000 new cases a day. Paris will mandate outdoor …read more […]

Anywhere you turn, COVID-19’s impact can be seen. The deadly virus’ romp around the world and the lockdowns that ensued have had a devastating effect on the economy, with this made abundantly clear by the decline in GDP as well as the high unemployment rate. What else came out of the global pandemic? The crisis has thrust biotechs into the spotlight, with the companies racing to find solutions being cheered by investors. To this end, share prices are flying sky-high and valuations have gone through the roof. This, however, begs the question, are these stocks running on empty? According …read more […]

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Rocket Companies Inc. (NYSE:RKT), a mortgage company run by billionaire Dan Gilbert and best known for its subsidiary Quicken Loans, has released terms for its upcoming IPO. The company will sell 150 million shares with the possibility of selling an additional 22.5 million more at a maximum price of $22, and will thus raise up to nearly […] …read more […]

With a price-to-earnings (or “P/E”) ratio of 31x United Parcel Service, Inc. (NYSE:UPS) may be sending very bearish… …read more […]

Out on Wall Street, where has focus landed? Squarely on growth. Specifically, investors want to know just how high stocks can climb. Plummeting to a low point in March, the market has bounced back incredibly, with the S&P 500 up 50% since then. Given this remarkable rebound, is there more fuel left in the tank? Or has the market surged enough for now? Analysts tell investors there’s still plenty of room for growth, with a few names positioning themselves for a serious boost to the upside. We aren’t messing around here. These are stocks that have already posted substantial …read more […]

Polestar, the one-time performance brand of Volvo that’s now branched out on its own as a fully-fledged automaker, took a big step forward in its mission to be a real player in the EV space. …read more […]

The space “from a small community of space enthusiasts to leadership by seasoned execs”, says Chad Anderson, managing partner at Space Capital. …read more […]

(Bloomberg) — Saudi Arabia’s state-controlled oil giant pressed ahead with a plan to pay $75 billion in dividends this year despite crashing profit and a surge in debt, as the kingdom battles a widening budget deficit.Saudi Aramco said net income for the three months ending in June fell to 24.6 billion riyals ($6.6 billion), down 73% from a year earlier, after crude prices collapsed. Aramco will pay a dividend of $18.75 billion for the quarter, most of it to the government, which owns around 98% of the company’s stock.Aramco’s performance and demand for energy will probably improve over the rest …read more […]