Stocks in the Technology sector get a lot of attention and buzz from investors, analysts and talking heads alike no matter the time of year or current status of the economy. A big reason comes from the reality that progress, innovation and evolution in just about every other sector of the economy is driven by […]
Read More(Bloomberg) — Online car dealer Carvana Co.’s shares are careening toward an all-time low as investors grow more concerned about the continuing decline in used-vehicle prices. The price of the company’s stock fell as much as 12% to $7.06, on pace to close at a record low. Carvana, which was once touted as a disruptor […]
Read MoreMarket conditions are Bullish in a Bear Market as of 2022-11-18. This means traders and investors should consider trading with a Neutral or Bullish bias by buying stocks and setting tight stops. The rank of the Bear Market is -18.27 which indicates the current market conditions are Extreme, Risk of a reversal is high. The […]
Read More(Bloomberg) — Equity investors hoping for a better year in 2023 will be disappointed, according to Goldman Sachs Group Inc. strategists, who said the bear market phase is not over yet. “The conditions that are typically consistent with an equity trough have not yet been reached,” strategists including Peter Oppenheimer and Sharon Bell wrote in […]
Read More(Bloomberg) — Warren Buffett’s Berkshire Hathaway Inc. increased its stakes in five of Japan’s major trading companies, according to filings released on Monday. Berkshire Hathaway first bought stakes in Japan’s trading houses — also known as “sogo shosha” — in August 2020, acquiring about 5% of each of the firms. The trading companies, which invest […]
Read More(Bloomberg) — The wild-west days of crypto markets are back again as the large trading houses that once thrived on arbitraging price gaps pull back in the wake of FTX’s collapse. That’s opening up profitable opportunities for anyone that still dares to trade. Prices for essentially identical assets on various platforms are diverging in a […]
Read More(Bloomberg) — Sam Bankman-Fried’s bankrupt FTX crypto exchange owes its 50 top unsecured creditors a total of $3.1 billion. FTX Trading Ltd. and about 100 affiliated companies are starting a strategic review of global assets. Investors continue to pull funds from digital-asset exchanges despite the latter’s efforts to reassure markets about their stability. Crypto lender […]
Read More(Bloomberg) — For investors looking for a dip-buying opportunity in the global chip industry, Berkshire Hathaway Inc. may have a recommendation: Taiwan Semiconductor Manufacturing Co. Warren Buffett’s conglomerate picked up a $5 billion stake in the firm in the recent quarter amid a rout that wiped out over $250 billion from the stock. It hasn’t […]
Read MoreCardinal Health, Inc. operates as an integrated healthcare services and products company in the United States, Canada, Europe, Asia, and internationally. It provides customized solutions for hospitals, healthcare systems, pharmacies, ambulatory surgery centers, clinical laboratories, physician offices, and patients in the home. CAH $77.6800 1.1000 % 1.4400 Cardinal Health Sector : Medical Industry : Medical […]
Read More(Bloomberg) — A new snapshot of the global economy’s weakening growth and persistent inflation will arrive in the coming week, just as surveys reveal headwinds for manufacturers from the US to Europe and Japan. The OECD’s forecasts on Tuesday will show how officials at the Paris-based organization perceive a loss of momentum gripping countries around […]
Read More(Bloomberg) — As the bond market limps toward 2023, it faces the prospect of a final bout of chaos, exacerbated by dwindling trading volume typical during the last weeks of the year. The most punishing time period on record for investors in US government bonds has also been one of the most volatile, with frequent […]
Read More(Bloomberg) — When Sam Bankman-Fried was all of 25 years old, he pitched his nascent crypto investment business to Silicon Valley investors — only for them to laugh at him and his acolytes over their lack of experience and knowledge of crypto. “None of us has run a company before and we’d like $100 million […]
Read More(Bloomberg) — Baillie Gifford recorded its biggest outflows in more than a decade last month as investors withdrew billions from its funds. In October, clients pulled around £2 billion ($2.4 billion) from the firm’s UK-based funds, according to a report by research house Morningstar, with redemptions mounting to around £9 billion in the past year. […]
Read MoreArdmore Shipping Corporation engages in the seaborne transportation of petroleum products and chemicals worldwide. As of February 15, 2022, the company operated a fleet of 25 double-hulled product and chemical tankers. It serves oil majors, oil companies, oil and chemical traders, chemical companies, and pooling service providers. ASC $14.8200 0.8400 % 6.0100 Ardmore Shipping Corp […]
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