Despite a mountain of economic data and earnings news over the past month, the biggest news for two popular FAANG stocks over the past five weeks was the announcement that they’d be enacting stock splits. First up was Alphabet (GOOGL -1.93% ) ( GOOG -1.66% ), the parent company of internet search engine Google and […]
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Chip Makers Stockpiled Key Materials Ahead of Russian Invasion of UkraineProduction of vital raw materials for chip making is concentrated in Russia and Ukraine. The countries are a major source of both neon gas, needed to feed lasers that print minute circuitry onto silicon, and the metal palladium used in later manufacturing stages. About a quarter to a half of the world’s semiconductor-grade neon comes […]
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SHIB Trade Volume Increases as Outlook ImprovesFor starters, the dog-themed digital token was launched in August 2020 by an anonymous developer named Ryoshi. Its case is akin to that of Bitcoin and Satoshi Nakamoto. One of its core goals was to rival dogecoin. In fact, it is dubbed “doge killer”. But unlike dogecoin, it is developed on the Ethereum network. This […]
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Hedge Funds’ Commodity Bets Soar After Russia’s Invasion of UkraineSoroban Capital Partners LP, a $10 billion stock-picking hedge fund in New York, is one of the biggest winners, making at least several hundred million dollars on the trade since February, a person familiar with the matter said. Other winners include New York macro fund Castle Hook Partners and value investor Pilgrim Global. The bet […]
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Why crypto is unlikely to be useful for sanctions-dodgersTO THEIR champions, cryptocurrencies are supposed to be a libertarian utopia. Because tokens are created and moved by loose, decentralized networks of individual computers based in dozens of countries, they are in theory free from control by intermediaries, such as banks, which can be regulated by governments. Critics of crypto-finance have long looked askance at […]
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South African airline Comair’s fleet grounded indefinitelyRegulator clamps down on Comair Hundreds of passengers stranded Company says unclear when they can fly again CAPE TOWN, March 13 (Reuters) – South Africa’s civil aviation regulator grounded Comair’s planes indefinitely on Sunday over unresolved safety issues, in a move that also affects low-cost airline Kulula and British Airways, leaving hundreds of passengers stranded. […]
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Fed decision, Congress stock trade reform hearing, GameStop earnings top week aheadFOX Business host provides advice for investors on ‘Making Money.’ Investors are gearing up for another busy week as market volatility continues due to rising inflation and the ongoing Russia-Ukraine conflict. The Dow Jones Industrial Average fell 230 points or 0.7% on Friday, while the S&P 500 lost 1.3% and the Nasdaq Composite 2.9%. All […]
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A 4th dose of Covid-19 vaccine will be needed, Pfizer’s CEO says, but the company is working on a shot to handle all variants“Many variants are coming, and Omicron was the first one that was able to evade — in a skillful way — the immune protection that we’re giving,” Bourla told CBS’ “Face the Nation.” “The protection we are getting from the third (dose) it is good enough — actually quite good for hospitalizations and deaths,” Bourla […]
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3 reasons why XRP price could drop 25%-30% in MarchRipple’s XRP price risks dropping by more than 25% in the coming weeks due to a multi-month bearish setup and fears surrounding excessive XRP supply. XRP descending triangle XRP has been consolidating inside a descending triangle pattern since topping out at its second-highest level to date — near $1.98 — in April 2021. In doing […]
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What to watch this weekA pivotal few days are underway for investors expectantly watching the Federal Reserve this week as it tees up for a long-anticipated liftoff on interest rates likely to come Wednesday, following the central bank’s two-day policy-setting meeting. Possible revisions to its forecast on rate hiking plans will be on the radar as war in Eastern […]
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