Tag: Investing

Obama’s Out: Barack & Michelle Ditch Spotify For Podcast Freedom

FILE – In this Oct. 31, 2017, file photo, former President Barack Obama, right, and former first … [+] lady Michelle Obama appear at the Obama Foundation Summit in Chicago. The publisher of Barack and Michelle Obama has pledged to donate 300,000 children’s books to a leading educational organization, adding to the 1 million copies […]

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More Than One In Six Mainland Chinese On 2022 Forbes Billionaires List Are Now Below The Cut

Declines in China stock prices have reduced the number of billionaires in mainland China. (Photo by … [+] Yifan Ding/Getty Images) Getty Images When it comes to being home to a large number of the world’s richest people, it was already a tough year for mainland China on the 2022 Forbes Billionaires List unveiled in […]

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Hey Masayoshi Son, I Have A Bridge To Sell You

Anne Hathaway and Jared Leto attend the Global Premiere of Apple TV+’s “WeCrashed” at Academy Museum of Motion Pictures on March 17, 2022 in Los Angeles, California. Axelle/Bauer-Griffin/FilmMagic If Apple TV+ wants to give its “WeCrashed” series a second season, it could tell the story of WeWork enabler Masayoshi Son and call it “ICrashed.” Personally, […]

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“Gigantic” Impact From China Lockdowns To Hit Auto Industry Globally: Automobility’s Bill Russo

Tesla CEO Elon Musk gestures during the Tesla China-made Model 3 Delivery Ceremony in 2020, … [+] underscoring the country’s importance to the U.S. automaker. (Photo by STR / AFP) / China OUT (Photo by STR/AFP via Getty Images) AFP via Getty Images China this week reported a 47% plunge in auto sales in April […]

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Chicken Soup To Acquire DVD Kiosk Merchant Redbox In $375 million Deal For Sagging SPAC

Among buggy whip businesses, Redbox Entertainment (RDBX), the Oakbrook Terrace, Illinois operator of 38,000 DVD rental kiosks found in supermarkets and convenience stores from Safeway and ShopRite, to Walmart and Walgreens, has shown surprising staying power. While Blockbuster has become a distant memory and Netflix dominates digital movie streaming, Redbox, which derives more than nearly […]

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KuCoin Raises $150 Million At $10 Billion Valuation To Grow Presence In Web3

Johnny Lyu, cofounder and CEO of KuCoin KuCoin Crypto exchange KuCoin announced on Tuesday that it had raised $150 million in a funding round led by Jump Crypto, the investment arm of U.S. proprietary trading firm Jump Trading. Other investors who participated in the round include Circle Ventures, the venture capital vehicle of stablecoin issuer […]

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China’s Geely Auto To Buy 34% Of Renault Korea Motors In Bid For South Korean, Export Markets

Chinese billionaire Li Shufu controls Geely Auto, as well as Volvo Cars, Polestar and several other … [+] global brands. Photographer: Qilai Shen/Bloomberg © 2018 Bloomberg Finance LP Geely Automobile Holdings, a China automaker controlled by billionaire Li Shufu, has agreed to buy 34% of Renault Korea Motors for 1.37 billion yuan, or about $210 […]

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China SUV Leader Great Wall Motor Reports 41% Plunge In April Sales Amid Lockdowns

Wei Jianjun, chairman of Great Wall Motor Co., attends a news conference in 2019. Great Wall, … [+] Photographer: Paul Yeung/Bloomberg © 2019 Bloomberg Finance LP April sales at Great Wall Motor, China’s top homegrown SUV maker, plunged by 41% from a year earlier in April as Covid-related lockdowns in key mainland cities shook up […]

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Hypocritical ‘Guns of Omaha’ Take Aim at Robinhood

Back in February of last year, Robinhood ran their Super Bowl commercial arguing that investors aren’t made, but born.  That trading stock is as natural as sticking your thumb in your mouth and reaching for the mobile dangling over the crib. My reaction was not subtle.  I wrote that: “In an era where millions are […]

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Stocks Fall For Fifth Straight Week As Experts Warn Of More Selloffs Ahead

Topline Stocks finished lower on Friday, adding to recent losses despite stronger-than-expected jobs data, as investors continue to remain nervous about a slowdown in economic growth and experts warn of more market downturns ahead. Stocks extended losses from Thursday’s brutal selloff. Richard Drew/ASSOCIATED PRESS Key Facts All three major indexes were down for at least […]

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The Fed’s Best Weapon To Fight Inflation Is Gold: Why Won’t The Fed Use It?

To no one’s surprise, the Federal Reserve announced Wednesday that it was raising its benchmark interest rate by half-a-percentage point and next month would begin reducing its bloated bond holdings to remove some of the excessive money it had been creating that had helped fuel the current inflation. This segment of What’s Ahead explores why […]

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Widjaja Family’s Golden Energy And Resources Completes $1.2 Billion Acquisition Of BHP’s Australian Coal Mines

Coal from a mine is stacked at Hay Point, Queensland, Australia. Fairfax Media via Getty Images via Getty Images Golden Energy and Resources—controlled by the Widjaja family—has completed its acquisition of an 80% stake in coal miner BHP Mitsui Coal for $1.2 billion, according to a filing to the Singapore Stock Exchange on Tuesday. The […]

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It’s Time to Scale Up Regenerative Farming

A half-decade ago, Nick DiDomenico’s parents bought a small property north of Boulder, Colorado. They handed a dilapidated house and 14 acres over to him to help fulfill his dream of becoming an organic farmer. Nick gave the farm an appealing name, Elk Run. But in fact the prairie land was horribly degraded. Its topsoil […]

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Facebook Billionaire Eduardo Saverin’s B Capital Abandons SPAC Plans Amid Market Volatility

B Capital—an investment firm led by Facebook cofounder Eduardo Saverin and former Bain Capital executive Raj Ganguly—won’t pursue an earlier plan to launch a special purpose acquisition company (SPAC), joining a growing number of companies pulling the plug on such deals amid surging market volatility. “We’ve looked at the option to do our own SPAC,” […]

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China EV Maker XPeng Says Covid Affecting Supply Chain; Deliveries Drop In April From March

The XPeng Inc. P7 Wing Limited Edition electric vehicle at an XPeng dealership in Shanghai last … [+] year.Photographer: Qilai Shen/Bloomberg © 2021 Bloomberg Finance LP XPeng, one of China’s largest electric vehicle makers, said on Sunday it delivered fewer cars in April than March and warned that the Covid pandemic was affecting the industry […]

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Nasdaq Posts Worst Month Since 2008 And Dow Plunges 900 Points: Market Sell-Off Continues

Topline Stocks plunged on Friday and hit new lows for 2022, wrapping up a brutal sell-off this month as investors continued to dump tech shares amid ongoing uncertainty around an economic slowdown caused by surging inflation and the prospect of aggressive interest rate hikes. Stocks hit new lows for 2022 amid the ongoing tech sell-off […]

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Malaysia Awards Digital Bank Licenses To Groups Led By Grab, Sea, RHB

Anthony Tan, chief executive officer of Grab Holdings, addresses the audience during a bell-ringing … [+] ceremony as Grab begins trading on the Nasdaq on December 2, 2021. Ore Huiying/Bloomberg The Malaysian central bank has awarded digital banking licenses to groups led by ride hailing and food delivery giant Grab Holdings, Shopee owner Sea Group […]

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Is It Time To Buy Netflix And Alphabet Again? Experts Say Beaten Down Tech Stocks Are Value Plays

Topline The vicious tech sell-off this year has hit the once high-flying FAANG stocks (Meta, Apple, Amazon, Netflix and Alphabet) particularly hard, but also created a buying opportunity for investors looking to snap up shares of these Big Tech companies at more attractive valuations, several experts argue. Some analysts say big tech stocks are today’s […]

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Is It Time To Buy Netflix And Alphabet Again? Experts Say Beaten Down Tech Stocks Are Value Plays

Topline The vicious tech sell-off this year has hit the once high-flying FAANG stocks (Meta, Apple, Amazon, Netflix and Alphabet) particularly hard, but also created a buying opportunity for investors looking to snap up shares of these Big Tech companies at more attractive valuations, several experts argue. Some analysts say big tech stocks are today’s […]

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Singapore’s Keppel, SembCorp Marine Merging To Create World’s Biggest Oil-Rig Builder

A worker stands in front of the Floatel Triumph, a semi-submersible accommodation rig operated by … [+] Floatel International Ltd. and developed by Keppel Offshore & Marine Ltd.’s deep water technology group, during a media tour in Singapore, on Friday, March 11, 2016. Keppel Corp., parent company of Keppel Offshore & Marine, is the world’s […]

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Alphabet Shares Fall After Quarterly Earnings Reveal Slowing Revenue Growth

Topline Shares of Google-parent company Alphabet plunged more than 5%—adding to severe losses so far this month—after the company reported lackluster first-quarter earnings on Tuesday which showed a slowdown in revenue growth while also announcing a $70 billion stock buyback. The earnings miss dragged Alphabet shares lower, with the stock down nearly 20% this month […]

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Stock Market Sell-Off Continues: Dow Plunges 800 Points Ahead Of Big Tech Earnings

Topline The stock market tanked on Tuesday, adding to already significant losses so far this month amid ongoing concerns about an economic slowdown, while investors dumped shares of Big Tech stocks ahead of several big earnings reports. Stocks were for sale once again despite a brief respite a day earlier. Johannes Eisele/AFP via Getty Images […]

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Singapore’s GIC Buying Stake In London’s Paddington Central Office Complex For $885 Million

Tower bridge and financial district of London with a cloudless sky at sunset. getty Singaporean sovereign wealth fund GIC has agreed to buy a 75% stake in British Land’s Paddington Central office complex in London for 694 million pounds ($885 million), adding to signs of growing Asian investor appetite for real estate assets in the […]

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Billionaire Mukesh Ambani’s Reliance Withdraws $3.2 Billion Take Over Bid For India’s Future Retail

JioMart branding on crates at a store that is a Jio Prime Merchant in Mumbai, India, on Monday, Nov. … [+] 9, 2020. Dhiraj Singh/Bloomberg Reliance Industries—controlled by billionaire Mukesh Ambani—has withdrawn its proposed acquisition of Future Retail, ending its lengthy battle with U.S. e-commerce giant Amazon for control of the Indian grocery chain. Reliance […]

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B Capital-Backed Crypto Exchange Zipmex Partners With Australian Football And Rugby Teams

Marcus Lim, cofounder and CEO of Zipmex. COURTESY OF ZIPMEX Zipmex, a Southeast Asian crypto trading platform, has joined forces with teams from Australia’s A-League Men soccer league and National Rugby League to strengthen its foothold in the country, following $52 million in total funding over the years from investors including Singapore billionaire Eduardo Saverin’s […]

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Sorry, China. Most Americans Support Higher Prices On Your Imports.

China is the source of most goods sold in shopping malls across America. It is the country’s biggest … [+] trade deficit, mostly thanks to the decisions of American corporations and Congress, and not Beijing. (Allen J. Schaben / Los Angeles Times via Getty Images) Los Angeles Times via Getty Images An overwhelming number of […]

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4 Ways to Fortify Your Retirement Against Market Volatility

“It is important to not confuse risk with volatility, because volatility is something we have to live with,” Ms. Benz said. “Checking your liquid and near-liquid reserves, that’s a way of understanding how much of a buffer you have and how long a downturn you can sustain.” For those looking to improve their flexibility, or […]

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Dow Drops 350 Points, Yields Surge After Powell Signals Bigger Rate Hikes Starting In May

Topline The stock market reversed gains and moved lower on Thursday following comments from Federal Reserve Chair Jerome Powell, who signaled aggressive interest rate hikes ahead while all but confirming market expectations of a half-percentage point increase at the central bank’s next policy meeting in May. It is “appropriate” to be “moving a little more […]

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