After having their worst start to the year ever, tech and small-cap stocks are starting to show signs of life. A shift in the market began to take hold in late June, leading to an increase of 9.11% in the S&P 500 in July. That same month, the Nasdaq (^IXIC), comprised of primarily technology stocks and small-cap companies, outpaced the S&P 500 (^GSPC), posting a gain of 12.3%. Because of that, advisors are returning to previously battered areas of the market, like technology. “It’s a good point… Source link
Read More »Fed inches toward crypto, but ‘don’t hold your breath’
By releasing a vague blueprint of pros and cons on Thursday, the Federal Reserve has taken the first step towards potentially pursuing a digital dollar. The hard part will involve the Fed sorting through how to design a central bank digital coin (CBDC) in a way that meets approval of Congress and the White House, while smoothly transitioning into the payment and banking systems without disruption. The Fed insists it won’t move forward without the “clear support” of both the executive and… Source link
Read More »Google proposal is breath of fresh air for San Jose
Google’s release of details for its momentous downtown San Jose transit-oriented housing and commercial development is the best news the city has received since the pandemic hit just over a year ago. The details, unveiled Tuesday, appear to have the blessing of business, labor and community groups — a rare feat in today’s political environment. The fears that COVID-19 would potentially kill part, or all, of the project can be set aside, at least for now. The proposal still needs to… Source link
Read More »Google fitness app to catch breath and heart rate – Yahoo Finance Australia
GlobeNewswire OTC: ILUS, ILUS International Completes Acquisition of The Vehicle Converters LLC (TVC), Increasing ILUS Group Manufacturing Capability in Preparation for the ILUS EV & FireBug Technology Roll Out Dubai, UAE, Feb. 04, 2021 (GLOBE NEWSWIRE) — via NewMediaWire — ILUS International (OTC: ILUS): The Vehicle Converters LLC, known as TVC, is a Dubai-based $3mil dollar annual revenue business (Pre Covid) operating as a specialist manufacturer and converter of service vehicles,… Source link
Read More »Wall Street catches breath after Dow hits 30K, jobless claims jump
Wall Street consolidated its gains on Wednesday, with stocks opening flat to slightly lower a day after major benchmarks scaled to new highs. Ahead of the U.S. Thanksgiving holiday, optimism over the imminent deployment of a COVID-19 vaccine propelled the Dow Jones Industrial Average above 30,000 for the first time ever on Tuesday, extending a breathtaking rally that’s carried stocks deep into a bull market. However, caution set in early Wednesday, as investors digested weekly jobless claims… Source link
Read More »