Tag Archives: invest

Google executives announced this week that they’ll invest $25 million in their company’s Montgomery County data center this year. Specific details on how the funding will be distributed were not available, but the announcement was part of a corporate-wide, $9.5 billion investment confirmed for 2022. Google has a $600 million data center in Corporate Business Park North off Guthrie Highway. “All I do know is that the $25 million relates to the current data center, but Google had no other… Source link

A sign is pictured outside a Google office near the company’s headquarters in Mountain View, California, U.S., May 8, 2019. REUTERS/Paresh Dave/File Photo/File Photo Register now for FREE unlimited access to Reuters.com Register April 13 (Reuters) – Alphabet Inc’s (GOOGL.O) Google said on Wednesday it plans to invest about $9.5 billion across its U.S. offices and data centers this year, up from $7 billion last year. Google said the investment will create at least 12,000 full-time jobs in 2022… Source link

(Bloomberg) — Milwaukee Bucks superstar Giannis Antetokounmpo had more banks than letters in his name before Avenue Capital Group founder Marc Lasry stepped in. Most Read from Bloomberg The National Basketball Association’s two-time most-valuable player had accounts open at 50 different banks, with each of them holding up to the Federal Deposit Insurance Corp. coverage limit. That shocked Lasry, who co-owns the Milwaukee team. “I spend a lot of time with them explaining where they should… Source link

Robinhood (HOOD) is launching a Cash Card and banking on consumer spending trends to unlock its next growth opportunity. For each transaction, Robinhood Cash Card customers can decide whether to round up their change to the nearest dollar when they make purchases and they can then choose an investment asset to direct their spare change to. “The next generation has a high interest in investing, but it is out of reach for many because they’re caught up in the cycle of spending” Robinhood… Source link

The Russian market is off limits until at least 2023 due to the country’s invasion of Ukraine, says emerging markets investing legend Mark Mobius. “It will be impossible for a long time,” the founding partner of Mobius Capital Partners said on Yahoo Finance Live. Mobius earned his stripes building out the emerging markets investing team at giant money manager Franklin Templeton. Added Mobius, “I don’t see anybody who wants to be investing in Russian equities or debt for another year. I would… Source link

Fund managers are at least thinking a “recession scare” could emerge in the market this year, reflecting one to two months of heightened geopolitical risks, elevated inflation and rising interest rates. “Upcoming recession scare best played via long bonds-short commodities,” said the latest Bank of America fund manager survey. The report reflects responses from 171 participants managing $391 billion in client money. On the positive side, fund managers don’t expect a technical recession this… Source link

If you are bullish on stocks, best hope the NFC’s L.A. Rams pummel Joe Burrow’s Cincinnati Bengals. That is, of course you are a big believer in the Super Bowl Indicator. The often bantered about Super Bowl Indicator suggests that stocks rise for the full year when the Super Bowl winner has come from the NFC, but when an AFC team wins it falls. Of course this is insane in principle as stocks move up and down based on expectations for the future earnings of their underlying companies (see Meta… Source link

Bitcoin’s (BTC-USD) arrival into the mainstream has seen companies like Microstrategy (MSTR), Block (SQ) and Tesla (TSLA) add the digital coin to their balance sheets — and spawned a new class of investors drawing all or part of their salaries in cryptocurrency. But with Bitcoin slumping by nearly half since hitting a November high under $69,000 in the midst of crypto’s grim winter, the strategy is not without risk — especially for companies bound by strict corporate accounting rules that… Source link

The buy-the-dip crowd is circling the markets like a hungry shark does a wounded whale after a brutal January. “The equity market sell-off is overdone in our view, and we reiterate our call to buy the dip, particularly in cyclicals and small caps,” said JPMorgan strategist Marko Kolanovic in a new research note.  That is easier said than done for most investors following a tough start to the year for markets. The S&P 500 index sold off to the tune of 5.3% in January, marking its worst monthly… Source link

Google partners with Bharti Airtel to provide affordable access to smartphones to a billion Indians and speed up use of cloud-based computing. Google will invest up to $1bn in India’s second-largest mobile operator, the two companies say, as the Android-maker looks to bolster its presence in the vast nation’s booming telecoms market. The global tech giant will buy a $700m stake in billionaire Sunil Mittal’s Bharti Airtel, giving it 1.28 percent ownership, the firms said in a joint… Source link