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Business, Stocks

“CVS to buy home health giant Signify Health for about $8 billion”

September 7, 2022

“CVS Health has reached a deal to acquire in-home health-care company Signify Health for about $8 billion, the companies said Monday. CVS said it will pay $30.50 a share in cash for Signify, an acquisition that would build on its growing health-care services.… Continue Reading…

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Business

“Nvidia earnings fall short, Q3 forecast misses by $1 billion”

August 25, 2022

“…Here are the most important numbers from the report compared to what analysts were expecting. Revenue: $6.7 billion versus $6.7 billion expected Adj. EPS: $0.51 versus $0.53 expected Data Center: $3.8 billion versus $3.8 billion expected Gaming: $2.0 billion versus $2.0 billion expected Net… Continue Reading…

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Stocks

“Shares of Dollar Tree fall after company cuts guidance, citing investments in competitive pricing”

August 25, 2022

“Shares of Dollar Tree fell Thursday after the company cut its financial outlook for the year, citing its investments in offering more competitive prices at its Family Dollar stores… For the second quarter, Dollar Tree said it earned $1.60 per… Continue Reading…

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Business, Economy

“China’s $89 billion e-commerce giant JD.com posts slowest quarterly growth on record”

August 23, 2022

“JD.com beat top and bottom line expectations in the second quarter, but posted its slowest year-on-year revenue growth on record, becoming the latest victim of a Covid-induced economic slowdown [Lockdowns] in China… Here’s how JD.com did in the second quarter, versus… Continue Reading…

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Precious Metals

“Higher Copper Prices Are Here to Stay, Could Reach $15,000 [Per Ton]”

July 22, 2022

“Due to this supply-demand gap, an increasing number of analysts have turned super bullish on copper in the short, medium, and long term. Bank of America, Citi, and Goldman Sachs are the latest ones to have bullish forecasts for copper… Continue Reading…

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Cryptocurrencies

“Bitcoin tops $22,000 as crypto market hopes contagion and shakeout is over; ether jumps 10%”

July 18, 2022

“Bitcoin bounced above $22,000 on Monday, hitting its highest level in more than a month as the cryptocurrency market held out hope that the contagion and shakeout over the past few weeks is nearing its end. The world’s largest cryptocurrency was… Continue Reading…

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Economy

“Euro And Dollar Parity Signals A Deep Recession”

July 14, 2022

“EDITOR’S NOTE: Today €1 = $1. This means the euro has declined to reach parity with the US dollar.  What’s the significance? It’s going to cost European producers and consumers more to import stuff from the US. By the same token, it’ll… Continue Reading…

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Economy

“Millions in California to Get up to $1,050 in ‘Inflation Relief'”

June 28, 2022

“California Governor Gavin Newsom announced late Sunday night that he had reached an agreement with state legislators on a $17 billion “inflation relief package.” “Millions of Californians will be receiving up to $1,050 as part of a NEW middle class… Continue Reading…

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Economy, Energy

“As Gas Prices Surge, Stations Now Hold Up to $175 of Your Money When You Swipe”

June 27, 2022

“Higher gasoline prices have led stations to raise the holds they put on cards by as much as 40%, a change that means overdraft risks for some… When drivers insert a credit or debit card at the pump, the gas… Continue Reading…

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Cryptocurrencies

“Crypto hedge fund at center of crisis faces risk of default as deadline to repay $670 million nears”

June 27, 2022

“Three Arrows Capital, a crypto-focused hedge fund, has to meet a deadline on Monday to repay more than $670 million in loans or face default, in a case that could have a ripple effect across the digital asset market. 3AC,… Continue Reading…

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