Tag Archives: Soars

TipRanks Billionaire Jim Simons Snaps Up These 2 Biotech Stocks Quant trading guru Jim Simons is calling it a day, sort of. The mathematician and cryptologist is famous in the investing community for bringing his analytical eye to the world of the stock exchange, creating both the quant trading revolution and a personal fortune now estimated at more than $22 billion. His has been a career of multifaceted success, and his innovations on Wall Street have influenced the strategies of two… Source link

The world’s first bitcoin exchange traded fund is off to a hot start. The Purpose Investments bitcoin ETF now has more than $590 million in assets under management after launching just one week ago. The ETF was the first physically settled Bitcoin ETF to win approval and began trading in Canada on Thursday. It now gives investors a more direct way to invest in bitcoin relative to other closed-end funds like the popular Grayscale Bitcoin Trust (GBTC) and a less direct way than outright owning… Source link

[unable to retrieve full-text content] Google owner Alphabet sees record growth as ad spend soars  BBC News Alphabet’s Google posts record sales as retailers shell out for ads  Reuters In Its Race To Beat AWS And Azure, Google Cloud Lost $5.6 Billion In 2020  Forbes Google’s rebounding ad revenue spells big 4Q for Alphabet  ABC News Google’s cloud business is losing money | | kctv5.com  KCTV Kansas City View Full Coverage on Google News Source link

When we last checked in with Google for its quarterly earnings in Q3, it was printing money. And in Q4, it printed some more – because advertisers are coming back. Read the release. Google’s 2020 Q4 revenues hit $56.9 billion led by YouTube and its search business. That figure is up 23% YoY from $46.1 billion. In total, Google’s Q4 advertising business generated $46.2 billion, up 22% YoY from $37.9 billion. Search generated $31.9 billion in Q4 2020, up 17% YoY from $27.2… Source link

TipRanks These 2 Penny Stocks Could Rally All the Way to $11, Say Analysts At its January FOMC meeting, the Federal Reserve held interest rates steady – they are near rock-bottom now, and to no one’s surprise, the Fed is keeping them there. Fed Chairman Jerome Powell may have fed some market pessimism when he spoke after the meeting, and pointed out that unemployment, which has been rising in recent months. For market watchers seeking support, there is solace in the Fed’s monetary… Source link

General Motors (GM) shares are on a roll this week, hitting an all-time high and gaining an astounding 17% over the past five days. Fueling this push was a big week for the automaker at CES, where CEO Mary Barra outlined an ambitious plan to release 30 all-electric cars by 2025, along with a new logo rebrand focusing on an electric future to boot. A big piece of GM’s new EV puzzle is its new Brightdrop commercial delivery business. Brightdrop pairs software and services with products like an… Source link

The tech giant’s parent company, Alphabet, reported revenue of $46.17 billion for the three months ending in September — a 14% increase from the same period last year — highlighting its continued dominance even while facing numerous obstacles. The company also reported net income for the third quarter of $11.2 billion, blowing past analyst estimates. Alphabet (GOOGL) stock rose more than 8% in after-hours trading on Thursday. The earnings came a day after Alphabet’s CEO, Sundar Pichai,… Source link

(Bloomberg) — Apple Inc. will soon invite a mainland Chinese company into the exclusive club of global iPhone assemblers, marking the biggest change to a decade-old production model just as Washington-Beijing tensions escalate. Luxshare Precision Industry Co. struck a deal to acquire Wistron Corp.’s iPhone unit and become the first mainland company to assemble Apple’s marquee device. It’s another win for a company that went from making cables and antennas to AirPods, sending its shares… Source link