Year: 2020

(Bloomberg) — India’s retail investors are leaving their mark on a risky corner of the nation’s $1.9 trillion share market: penny stocks.A custom index of 800 stocks that quote below 5 rupees (7 U.S. cents) has trounced the S&P BSE Sensex index by 33 percentage points this year. The surge was especially strong in June, when the gauge climbed about 10 times faster than the Sensex as India eased its national lockdown.The outperformance reflects the growing heft of rookie stock-pickers in a country where new trading accounts are opening at an unprecedented pace, mirroring the record sign ups at U.S. …read more […]

Jul.23 — Apple Inc. co-founder Steve Wozniak discusses his view on whether Apple Inc. and other U.S. tech companies should be broken up. He speaks with Bloomberg’s Emily Chang. …read more […]

I’ve been in the market for nearly 30 years…
And I just came across an insider purchase the likes of which I’ve never seen.
I love CEOs who eat their own cooking, and last month, Prem Watsa – CEO of Canadian reinsurer Fairfax Financial (OTC: FRFHF) – didn’t just eat his own cooking, he gorged himself on it.
With his own money, Watsa purchased $150 million worth of Fairfax stock.
Let me explain why this is so stunning…
The great investor Peter Lynch famously said, “Insiders might sell their shares for any number of reasons, but they buy them for only one: They think the …read more […]

Stock futures rose Thursday evening following a tech-led selloff on Wall Street during the regular session. …read more […]

(Bloomberg) — Intel Corp.’s revelation that a new chip production process suffered another delay sent its stock tumbling, erasing billions of dollars in market valuation and inflating the shares of rivals.Intel fell 10% in postmarket trading, erasing about $25 billion in market cap. The news sent shares of rival Advanced Micro Devices Inc. up 8%, creating more than $5 billion in market value. Taiwan Semiconductor Manufacturing Co.’s American depositary receipts also gained 4%, adding almost $14 billion in market value.Intel had been neck-and-neck in recent weeks with Nvidia Corp. for the title of biggest market capitalization for a U.S. chipmaker. …read more […]

The past couple of months have been downright lonely for many of us.
When was the last time you saw your grandchildren?
(No, FaceTime doesn’t count!)
How long has it been since you held them in your arms?
Sure, some restrictions are starting to lift… but the resurgence of COVID-19 cases is unignorable.
One thing is certain: The era of mandatory face masks and social distancing is far from over.
And it is taking a toll on us mentally.
A few months ago, many of our routines were disrupted. Our social connections were abruptly cut off.
But we quickly adapted to our new practices – most of which …read more […]

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Stocks fell Thursday with a selloff accelerating as investors focused on the U.S.’s unchecked coronavirus crisis and a new rise in unemployment claims. Tech shares led declines, with each of Facebook, Amazon, Apple, Netflix, Alphabet and Microsoft falling during intraday trading.
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Shares rose nearly 8% to $33.50 as of 4:30 p.m. ET. …read more […]

An administrative court run by the U.S. Patent and Trademark Office rejected arguments by Moderna that an Arbutus patent known as the ‘069 patent should be revoked because it described obvious concepts. LNP technology is crucial to Moderna’s vaccine development efforts, and the patent ruling could increase pressure on the Cambridge, Massachusetts-based firm to pay for a license to Arbutus’ patent portfolio, said Zachary Silbersher, a patent lawyer in New York not involved the case. …read more […]

(Bloomberg) — Intel Corp. shares slumped after the world’s largest chipmaker said a new 7-nanometer production process was delayed again.“The company’s 7nm-based CPU product timing is shifting approximately six months relative to prior expectations,” the company said as it reported quarterly results on Thursday. “The primary driver is the yield of Intel’s 7nm process, which based on recent data, is now trending approximately twelve months behind the company’s internal target.”Intel shares fell almost 9% in extended trading. Advanced Micro Devices Inc., a rival, jumped 6%.Competitive pressure has been building on Intel in recent years. The company designs and manufacturers its …read more […]

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MENLO PARK, Calif. …read more […]

Building wealth in your 30s should be a continuation of building wealth in your 20s. There are a number of steps to building wealth that you have hopefully already taken. There are other steps that you should take now.
The average net worth of a 30-year old American is about $7,000. That may not sound like a lot, but when many Americans have a zero or negative net worth, it’s not so bad.
Improving your net worth means continuing to increase assets and decrease debt. In order to do so, you will need to keep earning more income, cutting down expenses, paying …read more […]