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Adelson Casino Hires Lawyer to Probe Transfers; Shares Fall

(Bloomberg) — Las Vegas Sands Corp.’s Singapore casino has hired a law firm to conduct a new investigation into employee transfers of more than $1 billion in gamblers’ money to third parties, according to people familiar with the matter.Davinder Singh Chambers LLC, which specializes in dispute resolution and international arbitration, was appointed after Singapore police began a probe of third-party transfers at Marina Bay Sands Ltd., said the people, who asked not to be identified discussing private matters.The review by one of Singapore’s best-known law firms adds to scrutiny of the casino by the U.S. Department of Justice and Singapore …read more […]

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Stock Market Definition for New Investors

Are you looking for a stock market definition before you begin investing? If so, you have come to the right place. The stock market presents a variety of opportunities to build passive income. However, more than half of all Americans don’t invest in stocks at all.
According to a 2019 survey by GOBankingRates, 55% of Americans have decided against investing in the stock market. There are a number of reasons why this is happening. And, having a basic understanding of the stock market could go a long way in helping turn those numbers around.

In-Depth Stock Market Definition
The thought of investing in …read more […]

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Snowflake IPO Creates Flood of Wealth for Silicon Valley Royalty

(Bloomberg) — Snowflake Inc.’s initial public offering isn’t just creating new fortunes, it’s adding to the wallets of some of Silicon Valley’s biggest names.Iconiq Capital, a multifamily office whose clients include Facebook Inc.’s Mark Zuckerberg, LinkedIn Corp.’s Reid Hoffman and Twitter Inc.’s Jack Dorsey, took part in multiple Snowflake funding rounds beginning in 2017. Its 12% stake in the company, purchased for $245 million, is now worth more than $4 billion.At its initial offering price of $120 a share, the cloud-computing company is worth $33.3 billion, more than Twitter and almost tripling the $12.4 billion it was valued at in …read more […]

Newsmakers

Logiq (OTC: WEYL) Partners with Yabx to Offer Merchant Advances and ‘Buy Now, Pay Later’ Services in Indonesia

Services to be Delivered Through PayLogiq™ eWallet and GoLogiq™ Hyper-Local Food Delivery Mobile Platforms NEW YORK, Sept. 16, 2020 — Logiq, Inc. (formerly Weyland Tech, Inc., OTCQX: WEYL), a global provider of eCommerce and fintech business […]

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China state media outlet calls Nvidia's Arm purchase 'disturbing', urges regulatory caution

An op-ed in China’s state-backed Global Times on Wednesday said U.S. chipmaker Nvidia Corp’s planned acquisition of Arm Ltd from Japan’s SoftBank Group Corp was “disturbing”, urging global regulators to exercise caution as they evaluate it for approval. “Given the U.S.-China tensions and U.S. suppression on a range of Chinese technology enterprises, if Arm falls into U.S. hands, Chinese technology companies would certainly be placed at a big disadvantage in the market,” said the op-ed, the author of which was not named. …read more […]

Newsmakers

ECHL’s Allen Americans Select ImagineAR (OTC: IPNFF) For Fan Engagement & Sponsorship Programs

VANCOUVER, BC and ERIE, PA, Sept. 16, 2020 /CNW/ – ImagineAR Inc. (CSE: IP) (OTC: IPNFF), the company providing augmented reality (AR) fan engagement experiences for sports teams, announced they have been selected by the Allen Americans of the ECHL (Premier […]

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3 “Perfect 10” Dividend Stocks Yielding at Least 5%

Assessing where the markets will go can sometimes seem like more art than science, and an arcane art at that. But the data is out there to make sense of the stock movements.The TipRanks Smart Score is a perfect example. Scanning through the whole of the database, and assembling the information for every stock according to 8 categories known to predict future share performance, the Smart Score combines those categories into a single score that allows investors to see at a glance how the stock is likely to move in the coming year.That score is given on a scale from …read more […]