The Internal Revenue Service (IRS), the tax collection agency of the U.S. government, has removed ether (ETH) and two popular gaming tokens – Fortnite’s V-bucks and Roblox’s Robux – as examples of convertible virtual currencies.The post IRS removes ether and two popular gaming tokens as examples of convertible virtual currencies appeared first on The Block. …read more […]
It’s only natural that many investors, especially those who are new to the game, prefer to buy shares in ‘sexy’ stocks… …read more […]
Over the last month the Aethlon Medical, Inc. (NASDAQ:AEMD) has been much stronger than before, rebounding by 34%. But… …read more […]
It looks like Marathon Petroleum Corporation (NYSE:MPC) is about to go ex-dividend in the next 4 days. If you purchase… …read more […]
The San Jose, California-based company is a major supplier to high-end smart phone makers such as Apple Inc, with whom it has signed deals to supply as much as $15 billion worth of chips. Vijay Nagarajan, vice president of Broadcom’s mobile connectivity division, said the technology is meant to prevent choppy calls and music listening when walking into crowded areas like subway platforms, where Bluetooth signals from other people’s devices can cause interference and dropouts. “We’re making your wireless link from your phone to the headset more resilient,” Nagarajan told Reuters. …read more […]
(Bloomberg) — Nissan Motor Co. cut its full-year profit outlook for the second time and scrapped its year-end dividend payout, renewing concern about the troubled automaker’s ability return cash to investors, especially top shareholder and partner Renault SA.Dogged by falling sales in its biggest markets and instability in its most senior management ranks following the arrest of former Chairman Carlos Ghosn, Nissan reduced its full-year operating profit forecast to 85 billion yen ($774 million), down from an earlier estimate of 150 billion yen.Nissan had initially projected an operating profit of 230 billion yen for the fiscal year through March, but …read more […]
(Bloomberg) — Deutsche Telekom is pushing for a re-negotiation of terms for the sale of Sprint Corp. to T-Mobile US Inc., the Financial Times cites unidentified people as saying.The German carrier, which owns a majority of T-Mobile, wants a lower price because Sprint’s shares have slid since the deal was proposed in 2018, it said.Bloomberg News reported Wednesday that Sprint and majority owner SoftBank Group Corp. would likely have to accept a lower price than when the merger agreement was first forged in April 2018. Sprint’s monthly churn — a closely watched measure of how many customers leave — has …read more […]
(Bloomberg) — U.S. equity futures dropped along with most stock markets in Asia on Thursday as investors mulled over the implications of a surge in the number of coronavirus cases in China’s Hubei province, after it deployed a revised methodology.While the jump in the tally cut against the optimism seen Wednesday about the rate of infections slowing, some analysts were encouraged by what might be a more realistic picture coming from Chinese authorities. Benchmarks in Japan, Shanghai, Hong Kong and South Korea declined, though shares in Australia edged up. The yen edged up, the yuan ticked down, and Treasuries rose. …read more […]
(Bloomberg) — U.S. stock index futures slid after the Chinese province at the center of the coronavirus epidemic reported a jump in new cases.S&P 500 Index futures contracts expiring in March fell as much as 0.5% as of 1:41 p.m. in Tokyo, after Hubei reported 14,840 new cases as it revised the method for counting infections. Contracts on the Dow Jones Industrial Average and the Nasdaq 100 were down more than 0.3% each.“Just when markets were getting comfortable with the idea that the COVID-19 infection increase was trending lower, the sudden jump in the number of new cases in Hubei …read more […]
(Bloomberg) — PG&E Corp. told a federal judge it opposes his proposals to intervene in the company’s wildfire prevention efforts after it admitted to not fully complying with the terms of its criminal probation.The bankrupt northern California utility’s pushback is a response to U.S. District Judge William Alsup, who last month threatened to order the company to hire more tree trimmers and restrict how management doles out bonuses.The San Francisco judge is overseeing PG&E’s probation after it was convicted in 2016 of gas-pipeline safety crimes. Failure to comply with any law is a violation of probation. Alsup is testing how …read more […]
(Bloomberg) — BP Plc’s pledge to zero out all its carbon emissions by 2050 deepens the divide between major European and American oil producers on climate change, increasing the pressure for Exxon Mobil Corp. and Chevron Corp. to do more.The U.S. supermajors have only committed to reducing greenhouse gases from their own operations, which typically account for just 10% of fossil fuel pollution. BP on Wednesday followed Royal Dutch Shell Plc and Equinor ASA in pledging to offset emissions from the fuels they sell to customers, representing about 90% of the total.“If we do see capital flowing into BP, that …read more […]
Tesla Inc is seeking approval from Chinese regulators to offer a new China-made Model 3 variant, a government document shows. The variant would have a longer driving range, a source familiar with the matter said. Like the current China-made Model 3, which has a standard driving range of more than 400 kilometers, it would be a rear-wheel drive vehicle, the source said, who was not authorized to talk about the matter and declined to be identified. …read more […]
Tesla Inc is recalling 15,000 Model X SUVs because of a potential issue that can lead to a loss of power steering assist that could make steering harder and increase the risk of a crash. The National Highway Traffic Safety Administration (NHTSA) and Transport Canada said aluminum bolts that attach the electric power steering gear assist motor to the gear housing may corrode and break causing a reduction or complete loss of power steering assist. The recall applies to 2016 model year X vehicles. …read more […]
The previous residential record was set late last year, when media executive Lachlan Murdoch paid roughly $150 million for Chartwell, a Bel Air estate used as the Clampett residence in the television show “The Beverly Hillbillies,” the Journal reported. A spokesperson for Amazon did not immediately respond to a request for comment. It is named for Jack Warner, the head of Warner Bros. Studio who built the mansion in 1937. …read more […]
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