‘We need to catch up with the rest of the world’

‘We need to catch up with the rest of the world’

Shark Tank star and O’Shares Investment Advisers Chairman Kevin O’Leary predicts that one day blockchain and cryptocurrency will represent the 12th sector of the S&P 500 and is “very confident” sensible government crypto regulation will happen before mass adoption. “The pace and acceleration of policy proposals coming out of bipartisan Senate committees and the Hill has never been greater” Kevin O’Leary said on Yahoo Finance Live “We’ve got the Lummis bill. We have the Haggerty… Source link

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Seeking at Least 8% Dividend Yield? Wells Fargo Suggests 2 Dividend Stocks to Buy

Seeking at Least 8% Dividend Yield? Wells Fargo Suggests 2 Dividend Stocks to Buy

There’s plenty of talk around about the dreaded ‘R’ word, recession, as the markets are obviously cooling off following the prolonged bull runs of late 2020 and 2021. With inflation running at 40-year highs, and GDP growth slipping in Q1, it’s no wonder that people are talking about a return to the late ‘70s, and Carter-era economic malaise. But have we taken the pessimism too far? Covering the market situation for Wells Fargo, senior equity analyst Chris Harvey believes so. He sums… Source link

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Global Investors Flee China Fearing That Risks Eclipse Rewards

Global Investors Flee China Fearing That Risks Eclipse Rewards

(Bloomberg) — A growing list of risks is turning China into a potential quagmire for global investors. Most Read from Bloomberg The central question is what could happen in a country willing to go to great lengths to achieve its leader’s goals. President Xi Jinping’s friendship with Russian leader Vladimir Putin has made investors more distrustful of China, while a strongman narrative is gaining momentum as the Communist Party doggedly pursues a Covid-Zero strategy and unpredictable… Source link

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Castor Maritime Inc. Announces New Charter Agreements

Castor Maritime Inc. Announces New Charter Agreements

Castor Maritime Inc. LIMASSOL, Cyprus, April 18, 2022 (GLOBE NEWSWIRE) — Castor Maritime Inc. (NASDAQ: CTRM), (“Castor”, or the “Company”), a diversified global shipping company, announces that: The M/V Magic Moon, a 2005 built Panamax dry bulk carrier, has been fixed on a time charter contract at a gross daily charter rate of $25,500. The charter commenced on April 7, 2022, and has a duration of about 25 days. The M/V Magic Rainbow, a 2007 built Panamax dry bulk carrier, has been… Source link

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Oil Little Changed as China Lockdowns Counter Libya Field Outage

Oil Little Changed as China Lockdowns Counter Libya Field Outage

(Bloomberg) — Oil was stable amid signs that continued coronavirus lockdowns in China are weighing on the economy, countering bullish news that protests are shutting in supplies from Libya. Most Read from Bloomberg West Texas Intermediate traded just below $107 a barrel after rallying last week by the most since early March. China reported its biggest decline in consumer spending and worst unemployment rate since the first months of the pandemic, while Shanghai reported its first deaths from… Source link

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Electric vehicle coming in 2028 could be 4-seat sports car

Electric vehicle coming in 2028 could be 4-seat sports car

Lamborghini (VOW.DE) took the opportunity to give its fans a real treat at this year’s New York Auto Show – a new V-10 powered supercar. And its CEO also gave a hint of what the company’s electric future vehicle could look like. Up first though, is the new Huracán Technica. “It combines performance, lifestyle, and fun to drive,” Lamborghini global CEO Stephan Winkelmann said in an interview with Yahoo Finance from the floor of the show. “It’s a car which is very close to our heart because… Source link

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Textron Completes Acquisition of Pipistrel

Textron Completes Acquisition of Pipistrel

PROVIDENCE, R.I., April 18, 2022–(BUSINESS WIRE)–Textron Inc. (NYSE: TXT) today announced that it has closed its acquisition of PIPISTREL d.o.o., PIPISTREL VERTICAL SOLUTIONS d.o.o. and PIPISTREL ITALIA S.R.L., known collectively as Pipistrel, an award-winning pioneer and global leader in electrically powered aircraft. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220415005136/en/ Pipistrel, which developed the world’s first and… Source link

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There is a 35% chance of a recession in 2 years: Goldman Sachs

There is a 35% chance of a recession in 2 years: Goldman Sachs

With recession calls on Wall Street picking up as the Federal Reserve embarks on what could be up to eight interest rate hikes this year, Goldman Sachs no longer wants to be left out of the growing crowd. “Our analysis of historical G10 episodes suggests that although strong economic momentum limits the risk in the near-term, the policy tightening we expect raises the odds of recession. As a result, we now see the odds of a recession as roughly 15% in the next 12 months and 35% within the… Source link

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