Tag Archives: Finance

President-elect Joe Biden has chosen former Federal Reserve Chair Janet Yellen to be Treasury Secretary, the Wall Street Journal reported on Monday, after Biden previously said his nominee would “be accepted by all elements of the Democratic Party.” If confirmed, Yellen — the first woman to chair the Fed — will smash another glass ceiling by becoming the first woman to lead the Treasury Department. In making such a choice, President-elect Biden is distinguishing himself from former… Source link

TipRanks 3 Monster Growth Stocks That Still Have Room to Run Investors are in the market to make a profit, and that means finding the stocks with proven growth potential. Yes, it’s a cliché to remind everyone that past performance does not guarantee future results, but when a stock consistently shows strong share appreciation, over an extended period, it’s a positive sign for investors.With more than ten months behind us, the stocks that are now showing a combination of strong gains and a… Source link

Bloomberg China to Take Oil-Refining Crown Held by U.S. Since 19th Century (Bloomberg) — Earlier this month, Royal Dutch Shell Plc pulled the plug on its Convent refinery in Louisiana. Unlike many oil refineries shut in recent years, Convent was far from obsolete: it’s fairly big by U.S. standards and sophisticated enough to turn a wide range of crude oils into high-value fuels. Yet Shell, the world’s third-biggest oil major, wanted to radically reduce refining capacity and couldn’t… Source link

InvestorPlace Wait For a Pullback Before Jumping Into Xpeng Stock Electric vehicle (EV) stocks remain hot. But, so far this month, none have held a candle to China-based Xpeng (NYSE:XPEV) stock. Shares have more than doubled since Nov 1. As a result, shares now trade at a sky-high valuation. Source: Johnnie Rik / Shutterstock.com Based on trailing twelve month revenues, shares currently sell for a price/sales (P/S) ratio of 18.8! Sure, considering rival Nio (NYSE:NIO) sports a P/S ratio of … Source link

Reuters Temple kissing scenes stir trouble for Netflix India An Indian state on Sunday asked police to investigate after a member of the country’s ruling party objected to scenes in the Netflix series A Suitable Boy, in which a Hindu girl kisses a Muslim boy against the backdrop of a Hindu temple. The series is based on an English novel by one of India’s leading writers Vikram Seth and follows a young girl’s quest for a husband. “It has extremely objectionable scenes that have hurt the… Source link

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GlobeNewswire Apollo Senior Floating Rate Fund Inc. and Apollo Tactical Income Fund Inc. NEW YORK, Nov. 19, 2020 (GLOBE NEWSWIRE) — (NYSE: AFT) – Apollo Senior Floating Rate Fund Inc. and (NYSE: AIF) – Apollo Tactical Income Fund Inc. (the “Funds”) announced today that the Board of each Fund has elected that each Fund be subject to the Maryland Control Share Acquisition Act (the “MCSAA”), effective immediately. Each Board believes that electing to be subject to the MCSAA protects the… Source link

Thomas Barkin, president of the Federal Reserve Bank of Richmond, spoke with Yahoo Finance to discuss the economic implications of spiking COVID-19 cases and what lies ahead for Fed policy. Below is a transcript of his appearance on November 18. – BRIAN CHEUNG: Joining me now is the President of the Federal Reserve Bank of Richmond, that’s Tom Barkin from Hughesville, Maryland. Hi there President Barkin, how are you? TOM BARKIN: Good, thanks for having me on today. BRIAN CHEUNG: So I want to… Source link

Google is launching a major redesign of its Google Pay app on both Android and iOS today. Like similar phone-based contactless payment services, Google Pay — or Android Pay as it was known then — started out as a basic replacement for your credit card. Over time, the company added a few more features on top of that but the overall focus never really changed. After about five years in the market, Google Pay now has about 150 million users in 30 countries. With today’s update and… Source link

TipRanks Analysts Say These 3 Stocks Are Their Top Picks for 2021 The year is winding down, and it’s time for Wall Street’s analysts to start flagging their top picks for the coming year. It’s a time-honored tradition, in most walks of life, to take a sometimes tongue-in-cheek look at what lies ahead, and to start giving advice on the say-so of a metaphorical crystal ball.Analysts have been analyzing each stock carefully, looking at its past and current performance, its trends on a… Source link