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Cryptocurrencies, Investing

“Bitcoin prices surge to highest since 2018 — here’s why”

“PayPal said that users on its platform will be able to purchase bitcoin  BTCUSD, 0.73%, as well as other sister cryptos like ethereum ETHUSD, 4.79%,  bitcoin Cash BCHUSD, 5.59%  and Litecoin LTCUSD, 4.24%.   That news has helped to drive the value of bitcoin to just under $13,000, marking its highest level since around January… Continue Reading…

Business

“Procter & Gamble beats estimates as sales jump 9%, raises forecast amid strong demand”

“Procter & Gamble reported on Tuesday that fiscal first-quarter revenue rose 9%, fueled by demand for its cleaning and laundry products during the coronavirus pandemic. On the heels of the strong quarter, P&G raised its sales outlook and expectations for core earnings growth… Continue Reading…

Business, Stocks

“Ford Motor Q3 China Sales Rise 25%, Biggest Jump Since 2016; Target Price $10 in Best Case”

“Ford Motor Co, an American multinational automaker, said its vehicle sales climbed 25% in the third quarter of this year, the biggest year-over-year increase since 2016, as demand gradually recovered… Ford and its joint ventures, Changan Ford, JMC and Ford… Continue Reading…

Stocks

“Nio’s stock jumps toward a record after J.P. Morgan nearly triples its price target”

“Shares of Nio Inc. shot up 9.8% toward a record high in premarket trading Wednesday, after a bullish call on the China-based electric vehicle maker from J.P. Morgan. The stock was on track to open above the Oct. 12 record… Continue Reading…

Stocks

“Dillard’s jumps more than 20% after one of Buffett’s investing lieutenants discloses personal stake”

“Shares of Dillard’s gained 27% on Monday — at one point during the session jumping more than 40% — after one of Warren Buffett’s investing lieutenants disclosed a personal stake in the embattled retailer. According to filings with the Securities and Exchange… Continue Reading…

Stocks

“Link Shares Jump 27% on Pacific Equity, Carlyle Group Takeover Proposal”

“Link Administration Holdings Ltd, an Australia-based provider of services in superannuation administration industry, said it has received a conditional A$2.76 billion proposal from a consortium comprising Pacific Equity Partners, Carlyle Group to acquire 100% of the stake, sending its shares up 27%… Continue Reading…

Economy

“Companies added better than expected 749,000 jobs amid jump in construction, hospitality, ADP says”

“The firm’s monthly private-sector jobs count showed growth of 749,000, ahead of the 600,000 expected from a Dow Jones economist survey… The ADP results are “incrementally positive” for the jobs outlook, said Goldman Sachs, which estimates nonfarm payroll growth of… Continue Reading…

Stocks

“Penny Stock’s 1,500% Jump Fueled by Reddit Left CEO Dumbfounded”

“BrainChip Holdings Ltd., an artificial intelligence-focused startup whose flagship product is yet to be made widely available for commercial use, saw its 2020 gains propel to 1,500% earlier this month. While concerns about overheating have seen the stock getting hammered… Continue Reading…

Real Estate

“Existing home sales jump to 14-year high, as prices set another record”

“Sales of existing homes rose 2.4% to a seasonally adjusted annualized rate of 6 million units, according to the National Association of Realtors. Sales were 10.5% higher compared with August 2019. This is the highest sales pace since December 2006,… Continue Reading…

Stocks

“These 2 Penny Stocks Could Rally All the Way to $11, Says Cantor”

“Rockwell Medical (RMTI) With the goal of transforming iron deficiency and anemia management in a wide variety of therapeutic areas, Rockwell Medical works to improve the lives of patients all over the world. Given the strength of its technology and… Continue Reading…