There is absolute clarity on the point that global economic growth is gaining traction. And that means good things for the future of shipping stocks. The international Monetary Fund expects global economic growth at 6% for 2021 and 4.4% for 2022. For the current year, emerging economies are likely to grow at 6.7%. Performance of
Month: July 2021
Yuriko Nakao | Getty Images The U.S. Marshals Service, one of the primary law enforcement agencies of the Department of Justice, has hired custodian Anchorage Digital for cryptocurrency seized or forfeited in various criminal cases. The Marshals Service has spent more than a year seeking a custodian and financial services provider for its stockpile of
The 20th anniversary of the 9/11 tragedy is less than two months away. There will be many commemorations, many reflections on how downtown New York and the country has changed since then. But for the people who lived and worked downtown during that time and are still with us, this is also time to take
Federal Reserve Jerome Powell testifies during a Senate Banking Committee hearing on “The Quarterly CARES Act Report to Congress” on Capitol Hill in Washington, U.S., December 1, 2020. Susan Walsh | Reuters The Federal Reserve has edged closer to winding down its bond buying program, but some market pros say the central bank could now
AT&T (NYSE:T) shocked the world this summer. AT&T has long been a centerpiece of many retirees and income investors’ portfolios. T stock generally yielded in the 6% range annually, and at times paid an even higher rate than that. Source: Jonathan Weiss/Shutterstock This was a massive number in a zero interest rate world. With banks paying
Zomedica (NYSEAMERICAN:ZOM) might be in some sort of trouble with the launch of its new TruForma diagnostic machine. That is why ZOM stock has been falling and will likely keep dropping in the days ahead. Source: Postmodern Studio / Shutterstock.com Here is the likely reason. On May 14, 2021, Dr. Stephanie Morley resigned as its
Key Takeaways Ford’s auto volume fell during Q2 FY 2021 due to a semiconductor shortage. Despite the slump in volume, Ford beat expectations on both adjusted EPS and revenue. U.S. customer-sold retail order bank for Ford vehicles was seven times that of Q2 FY 2020. Ford Earnings Results Metric Beat/Miss/Match Reported Value Analysts’ Predictions Adjusted
Tesla (NASDAQ:TSLA) has been stuck in a relatively tight trading range in recent months, mostly hovering around the high $500’s or mid $600’s range. Let’s review why TSLA stock may be one of the worse investments in the world at this time – and not regain its recent highs for quite some time. Source: Sheila
Uber Technologies Inc. shares fell more than 4.5% in extended trading Wednesday after a report that SoftBank Group Corp. is selling about a third of its stake in the company. Citing people familiar with the matter, CNBC reported that SoftBank 9984, -4.84% is selling 45 million shares in Uber UBER, +0.70% to cover about $4
From time to time, I find myself perplexed about an opinion I formed on a particular stock. And so I wonder what I was thinking in early June when I lumped The Trade Desk (NASDAQ:TTD) stock in with other bubble stocks? Source: Tada Images / Shutterstock.com In fairness, TTD stock is up 166% since January 2020 making it a pandemic
In this article UPS Tournament employees work to squeegee the court after rain delays a match between Kim Clijsters and Sloane Stephens during the Truist Atlanta Open at Atlantic Station on July 26, 2021 in Atlanta, Georgia. Casey Sykes | Getty Images Shares of logistics company UPS fell sharply on Tuesday after the company’s second-quarter
Traders on the floor of the New York Stock Exchange. Source: NYSE The latest volatility in China – with regulators in Beijing attempting to reign in several sectors of the Chinese economy – is only the latest blow for international investors. “The invest in China mantra has always been based on the idea that China
Federal Reserve Chair Jerome Powell testifies during a U.S. House Oversight and Reform Select Subcommittee hearing on coronavirus crisis, on Capitol Hill in Washington, June 22, 2021. Graeme Jennings | Pool | Reuters When the Fed emerges from its July meeting, it may sound a bit more prone to keeping its ultra-easy policy in place
It’s been a wild month for investors in the company formerly known as Torchlight Energy. Torchlight traded as TRCH stock and sought to develop its Hazel property into a major oil play. Source: FreezeFrames / Shutterstock.com However, Hazel didn’t end up striking it rich, and Torchlight looked to exit the oil and gas business. Instead,
Key Takeaways Apple’s services revenue surpassed analyst estimates. Profit margins on the company’s services revenue are much larger than on revenue generated through product sales. iPhone sales rose 49.8% compared to the year-ago quarter. Apple Earnings Results Metric Beat/Miss/Match Reported Value Analysts’ Prediction EPS Beat $1.30 $1.01 Revenue Beat $81.4B $73.5B Services Revenue Beat $17.5B
It’s an old joke: Call me a taxi. OK, you’re a taxi. (rimshot) But what’s not a taxi? Uber Technologies (NYSE:UBER). Today’s Uber is a different beast from the ride-hailing firm that first offered stock on the New York Stock Exchange at $42 a share in May 2019. Source: TY Lim / Shutterstock.com More than
In a surprise to pretty much no one, megacap tech giants Alphabet, Apple and Microsoft each comfortably beat earnings estimates for the June-ending quarter. Carl Kawaja, a fund manager at asset management giant Capital Group and the chairman of Capital Research and Management, doesn’t have issues with any of these tech giants. But he wonders
On today’s show, our mastermind group talks about four different stock ideas that might outperform the market. IN THIS EPISODE, YOU’LL LEARN: – What is the intrinsic value of Biogen, GrafTech, Allstate, and i3 Verticals – If Mohnish Pabrai’s newest stock pick GrafTech is a good investment – Why you would want to buy a
As we continue to navigate another wild year, one sector that continues to thrive are electric vehicles (EVs). That said, this space shows no signs of slowing down — and that provides a solid outlook for battery stocks. Deloitte estimates suggest that the EV industry will grow at a CAGR of 29% through 2030. That
Changpeng Zhao, CEO of Binance, speaks during a TV interview in Tokyo, Japan, on Thursday, Jan. 11, 2018. Akio Kon | Bloomberg | Getty Images The boss of cryptocurrency exchange Binance says he’s willing to step down from his role as the company seeks to become a regulated financial institution. Speaking at a virtual press
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