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Solid earnings, low interest rates pushed global stocks to record in 2021
Image Source: https://unsplash.com/photos/dAmHWsRYP9c A confluence of positive factors continued to favor global stocks last year, pushing most major indices to new all-time highs. It’s the second consecutive year of strong gains, as hard assets outperform cash by...
Are Commission-free Trading Apps Actually Feeless?
Photo by cottonbro from Pexels Currently, commission-free trading apps are increasing at a higher rate. Commission-free apps may look attractive as they lower your overall trading costs as an investor or trader. Undoubtedly, most people sign up to these...
Bitcoin Wallet Strategies for Beginners
If you've been following the news lately, you've probably heard how people have been making millions from trading or investing in crypto coins. Finally, you too can join the bandwagon. At least everyone is now sure that crypto coins aren't or rather weren't a Ponzi...
Investment Outlook For 2021
In 2020, the global trend of investing in certain companies has switched to investment in economic sectors in general. This means that people got worried about the risk of bankruptcy and started splitting their funds between several destinations relying more on...
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Xpeng shares sink as weak delivery forecast overshadows $6.3 billion robot unit valuation
Xpeng shares fell more than 9% in Hong Kong after the company issued weaker-than-expected third-quarter delivery guidance, though its robotics unit secured a $6.3 billion valuation.
Bitcoin has just wiped out three months of losses in 1 week
Bitcoin surged past $80,000 for the first time in 15 weeks, gaining 28% over eight days and erasing three months of prior losses amid Treasury bond buyback announcements and White House support for crypto regulation.
Nvidia faces growth test as Rubin debut meets AI financing scrutiny
Nvidia’s earnings report tests whether its new Rubin chips can sustain explosive growth amid investor concerns about AI spending sustainability and circular financing arrangements.
AI chipmaker Enflame sets subscription date for near $900 million Shanghai IPO
Chinese AI chipmaker Enflame Technology plans to raise approximately $892 million through an IPO on Shanghai’s STAR Market, with share subscriptions opening September 2.
Walmart Just Reported Earnings. Here’s Whether the Dividend Stock Is Still a Buy.
Walmart reported fiscal second-quarter results showing 5.1% revenue growth and 2.6% U.S. same-store sales growth, but analysts question whether its rich valuation and below-average dividend yield justify buying.
Avantus secures $300m in tax equity for Aratina 2 solar storage project
Avantus obtained $300m in tax equity financing from Truist Bank for its Aratina 2 solar and battery storage project in California, following earlier construction funding secured last month.
RUM Group signs six-year $13.7bn GPU services contract
RUM Group, which hosts Truth Social, has signed a six-year agreement valued at approximately $13.7bn to supply GPU services and AI chip infrastructure from its Georgia data centre.
Japanese automakers vulnerable to one-two punch of Iran war, yen rally
Japanese automakers face headwinds from potential yen strengthening and Middle East conflict, which could disrupt supply chains and inflate raw material costs despite recent strong quarterly results.
Credit card issuer Synchrony announces partnership with OpenAI
Synchrony Financial announced a collaboration with OpenAI to integrate artificial intelligence models into its consumer portals and customer experiences for its credit card brands including Amazon, Walmart, and Lowe’s.
Why Tempus AI Skyrocketed This Week
Tempus AI stock surged 39.5% this week following positive Phase 3 trial results for a cancer vaccine developed by Merck and Moderna using technology from Personalis, which Tempus is acquiring.
Bitcoin Finally Wakes Up While U.S. Debt Hits $40 Trillion
Bitcoin rebounded to nearly $80,000 following Treasury Secretary Scott Bessent’s announcement of increased debt buybacks, while U.S. federal debt reached $40 trillion this week.
Warner Bros. Discovery reports 10% jump in streaming revenue ahead of proposed Paramount combination
Warner Bros. Discovery reported a 10% increase in streaming revenue to over $3 billion in the second quarter, driven by HBO Max growth ahead of its proposed Paramount merger.