China is planning to turn a tropical island province roughly the size of Belgium into the world’s largest duty-free shopping zone, as it tries to persuade shoppers to buy their luxury goods at home and stimulate a lagging domestic economy. Policymakers aim to establish a single duty-free zone with a separate customs system in Hainan,…
Walter Bibikow By Carsten Brzeski & Francesco Pesole Everything looked so easy for the ECB. Last week’s meeting had not only opened the door widely to a June rate cut, but upcoming data releases with some softening of wage growth and inflation would allow the ECB to walk through that door. The ECB’s own inflation…
Michael M. Santiago Investment Thesis DoorDash (NASDAQ:DASH) has made some key strategic improvements in its delivery product business, which has given a boost to the company’s outlook. The highlight of DoorDash’s performance last year was the continued momentum in its grocery business. The delivery technology company continues to penetrate the grocery delivery market, stealing share…
TexBr/iStock via Getty Images For the first time in 20 years, China is no longer the main seller of goods to the US. That title is now held by Mexico. Derek Burleton, Deputy-Chief Economist at TD, discusses the changing globalization landscape and Canada’s ability to compete. Transcript Kim Parlee: While it may have been unthinkable…
(NASHVILLE, TN – January 30th, 2024) Bitcoin Magazine, in collaboration with Kraken Digital Asset Exchange, is excited to unveil the 2024 Bitcoin Halving Livestream. This celebration, akin to a New Year’s Eve variety show and featuring bitcoin’s biggest names, is dedicated to marking the fourth epoch in Bitcoin’s history. Broadcasting live from Nashville, Tennessee, the…
Coinbase could win big if the SEC approves spot Bitcoin ETF as the exchange is responsible for custody on most of the pending proposals. The rush for spot Bitcoin exchange-traded funds (ETFs) could benefit Coinbase Global Inc (NASDAQ: COIN), the largest cryptocurrency exchange in the US. In what can only be described as a big…
mikkelwilliam/E+ via Getty Images The last few weeks have been great for “most” of my REIT holding, thanks in large part to the first leg of the so-called REIT Rally, as I explained a few weeks ago, Recent share price weakness in this sector has driven valuations on many of my favorite REITs down to…
Win McNamee Meta Platforms (NASDAQ:META) has bounced strongly from the lows as the company simultaneously dealt with the TikTok competitive threat while overcoming the tough macro environment. Based on the still-discounted stock valuations, Wall Street appears fearful that the “year of efficiency” was a one-time deal. Wall Street sometimes gets a bad rap for being…
Ruslan Lytvyn/iStock via Getty Images At this time of year, I like to focus on stocks that could be due for big gains into the New Year, especially as tax-loss selling fades. In particular, it can pay off big to find beaten-down tech stocks. In past years, I wrote an article about Advanced Micro Devices…
By removing barriers that have discouraged participation, Saylor predicts that Bitcoin spot ETFs will lead to a surge in demand as previously untapped capital flows into the limited cryptocurrency market. According to MicroStrategy Chairman Michael Saylor, the upcoming Wall Street launch of Bitcoin (BTC) spot exchange-traded funds (ETFs) is a significant event. Saylor recently stated…
Leon Neal/Getty Images News Take-Two Interactive’s (NASDAQ:TTWO) trailer for Grand Theft Auto VI this week broke records for the most viewed YouTube video in the first 24 hours, with 122 million views so far, already surpassing the 2011 GTA V trailer. I’ve owned TTWO for about 10 years and wrote bullishly about it in 2017,…
TMSC saw their quarterly profits plunge the highest since 2019. However, the company says that the the PC and smartphone market concerns are abating and chip demand is rising again. On Thursday, October 19, the Taiwan Semiconductor Manufacturing Company (TSMC) reported its Q3 2023 numbers with profit standing at 211 billion New Taiwan dollars ($6.69…
MicroStockHub Business Development Companies, or BDCs (BIZD), are a great source of passive income for investors because they invest primarily in broadly diversified portfolios of senior secured debt. Moreover, these loans are almost entirely floating interest rate loans, making them nice portfolio diversifiers alongside other high yield investments that often suffer from rising interest rates…
Fresh off its $1 million migration to the Bitcoin blockchain, the OnChainMonkey Ordinals project has completed one of its biggest sales to date, Announced Wednesday, the artwork, part of the OCM Dimensions collection unveiled in June, sought to demonstrate the unique attributes of Bitcoin Ordinals when compared to less secure crypto NFTs. As an example, the…
Tuesday’s stock drop has not affected the performance of Oracle shares in an overall sense. Software maker Oracle Corp (NYSE: ORCL) stock fell 12% on Tuesday, marking its biggest such dip since March 2002 when it recorded a percentage drop of 15%. The Tuesday drop, however, may be attributed to the company issuing relatively weak…
The ‘BetterWorld’ gamified experience will be accessible to the public once the Sandbox’s Alpha Season 4 is launched before the end of 2023. Development Bank of Singapore (DBS), one of the leading lenders in Asia and the biggest bank in Singapore has announced the launch of ‘DBS BetterWorld’ – its own metaverse concept that addresses issues…
As the global economic downturn continues, especially with headwinds in China, the Nikkei 225 recorded a big weekly loss as stocks fell. The Japanese Nikkei 225 index has seen its largest weekly loss in eight months. On Friday, the Nikkei average posted the loss following problems stemming from the outlook on the Chinese economy. For the week…
deimagine I already acknowledged my worst REIT investments so far in 2023 the other day. Truth be told, I don’t think any of my serious subscribers were surprised. Take Safehold (SAFE) for starters, which invests in ground leases. A quick glance at it this year shows that its share price dropped off a cliff. Yahoo…
simonkr Investment Summary Founded in 1887 Albemarle Corporation (NYSE:ALB) has grown into a giant in the materials sector. With a market cap of $26 billion, the company is heavily benefiting from the EV revolution as the lithium they mine is a major part of this EV transition. For investors seeking exposure in other ways than…