Monthly Archives: May 2021

Dogecoin Now Valued Higher than Twitter and Ford

TipRanks Ride the Crypto Boom with These 3 Stocks Some 15% of the American public owns some form of cryptocurrency – and a large part of that group jumped on the bandwagon in the last two years. The digital currencies – Bitcoin is the most famous, but there are scores of others – offer users a distinct set of advantages, based on their blockchain technology. First, the crypto coins are secure – as a digital technology, blockchain is notoriously difficult to break. Second, the coins… Source link

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This Chinese Battery Company Has Produced More Billionaires Than Google Or Facebook

Robin Zeng, founder and chairman of Contemporary Amperex Technology. (Photo by Paul Zinken/picture alliance via Getty Images) picture alliance via Getty Images A little known but fast growing Chinese maker of batteries for electric vehicles now has more billionaires on Forbes’ list than just about any other public company. A whopping nine billionaires have fortunes of $1 billion or more based on their stakes in Contemporary Amperex Technology (known as CATL). Shares of the firm,… Source link

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Buffett calls SPACs ‘a killer,’ says they hurt Berkshire’s ability to do deals

Berkshire Hathaway (BRK-A, BRK-B) CEO Warren Buffett has strong feelings on his competition from SPACs when it comes to Berkshire Hathaway’s dealmaking ability. “It’s a killer,” he said at the 2021 Berkshire Hathaway annual shareholders meeting. A SPAC, or special purpose acquisition company (also called a blank check company), goes public without a business plan. The SPAC manager will conduct due diligence on any number of privately-held enterprises to find a candidate. But if one cannot be… Source link

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Verizon sells AOL and Yahoo for about half of what it paid

Verizon has sold its AOL and Yahoo properties to Apollo Global Management in a deal said to be worth $5 billion, about half of the nearly $9 billion Verizon originally paid for the pair. Verizon will maintain a 10 percent stake in the company, now known as Yahoo and led by CEO Guru Gowrappan. The deal, which includes Verizon’s ad tech business, was heavily rumored over the last week and is still subject to closing conditions. Once complete, it’ll bring an end to Verizon’s troubled… Source link

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Stocks Dip, Futures Rise as Traders Mull Inflation: Markets Wrap

(Bloomberg) — U.S. equity futures climbed and stocks in Asia dropped Monday as investors assessed inflation risks amid improving economic activity. The dollar held onto gains. Hong Kong led losses amid low volumes with Japan and China, as well as the U.K., among markets closed for holidays. U.S. and European futures edged higher after the S&P 500 dropped from a record Friday, amid data pointing to price pressures and talk of a possible pullback in central bank support. Still, the U.S. gauge… Source link

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Boxer Felix Verdejo charged in grisly death of pregnant girlfriend

Felix Verdejo is chaged in the grisly death of his pregnant lover. (Mikey Williams/Top Rank via Getty Images) Lightweight boxer Felix Verdejo has been charged in the kidnapping death of his pregnant lover, authorities announced Sunday night.  Verdejo turned himself into federal agents in San Juan after the body of 27-year-old Keishla Rodriguez was found in a Puerto Rico lagoon. Rodriguez had been reported missing two days prior to her body being discovered in the U.S. territory. The U.S…. Source link

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Ethereum breaks past $3,000 to quadruple in value in 2021

SINGAPORE (Reuters) -Cryptocurrency ether broke past $3,000 on Monday to set a new record high in a dazzling rally that has outshone the bigger bitcoin, as investors bet that ether will be of ever greater use in a decentralised future financial system. Ether, the token transacted on the ethereum blockchain, rose 3% on the Bitstamp exchange to $3,051.99 by lunchtime in Asia. It is up more than 300% for the year so far, easily outpacing a 95% rise in the more popular bitcoin. In part, the big… Source link

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Australia’s Seven West Media signs Google, Facebook deals after media law feud

The headquarters of media broadcaster/publisher Seven West Media in Sydney, Australia February 14, 2017. Picture taken February 14, 2017. REUTERS/Jason Reed Australian television and newspaper firm Seven West Media Ltd (SWM.AX) signed multi-year content deals with Facebook Inc (FB.O) and Google as tough new media laws enabled the industry to secure new revenue sources and adapt to the internet age. The top-rating free-to-air broadcaster and publisher of Perth city’s main metro daily said on… Source link

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