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Business, Stocks

“Toyota to sell entire stake in Japan’s Harmonic Drive Systems – filing”

“Harmonic Drive Systems, a Japanese maker of speed reducers, said on Wednesday that Toyota Motor will sell its entire stake in the company in the open market overseas. The move could fan hopes among investors that Toyota will accelerate sales… Continue Reading…

Energy

“The world’s energy system is ‘no longer fit for purpose,’ says energy council chief”

“The world’s energy system is no longer “fit for purpose,” according to World Energy Council CEO Angela Wilkinson, who alluded to lackluster momentum toward a planned green energy transition… The council’s most recent report forecasts that around half of the… Continue Reading…

Banking, Economy

“The Euro System And It’s Currency Is Descending Into Crisis”

“EDITOR’S NOTE: A symphony of monetary derailment: Let’s start with an analogy. Most people wouldn’t know this, but conducting a large orchestra at Wagneresque proportions can be a harrowing task. The orchestra is so large and spread apart that the various sections… Continue Reading…

Cryptocurrencies

“Dogecoin rally is a ‘middle finger’ to the financial system, says crypto bull Mike Novogratz”

“Dogecoin’s massive rally this year can be seen as a kind of “middle finger” to the traditional financial system, longtime crypto bull Mike Novogratz told CNBC on Wednesday. Novogratz spoke after the price of dogecoin surged again early Wednesday. The cryptocurrency… Continue Reading…

Banking, Economy, Predictions, Opinions, & Comments

“Banking System Urgency: Deposits Now Override Loans”

“There was a remarkable disclosure in the latest JPMorgan earnings report: the largest US bank – an entity that historically has best been known for making loans to the broader population – reported that in Q1 its total deposits rose by a whopping 24%… Continue Reading…

Stocks

“5 Stocks Expected to Crush the S&P 500”

“ServiceNow (NOW) ServiceNow is an enterprise software company, focusing on digital workflows. The company has a market cap of just over $100 billion market cap and generated $4.2 billion in revenue over the last twelve months. The company has over… Continue Reading…

Stocks

“What Pullback? JPMorgan Says These 2 Stocks Could Surge Over 60%”

“Alliance Data Systems (ADS)… Overall, ADS has a Strong Buy rating from the analyst consensus, based on 5 Buys and 1 Hold. The stock is selling for $53 and its $71.43 average price target implies an upside of ~35% over… Continue Reading…

Stocks

“Penny Stocks to Watch for November 2020”

“Lantronix, Inc. (LTRX)  Lantronix, Inc. (LTRX) has popped up in this Investopedia column and in my newsletter several times, and just about every time, it has witnessed considerable gains in value. These have been short-lived, however, so you may want to… Continue Reading…

Banking, Economy

“New York Fed Adds $82.7 Billion To Financial System in Latest Repo Transaction”

“The Federal Reserve Bank of New York added $82.7 billion to the financial system Friday, using the market for repurchase agreements, or repo, to relieve funding pressure in money markets. Banks asked for $21.15 billion in 6-day loans, all of… Continue Reading…

Banking, Economy

“Fed Adds $63.5 Billion to Financial System in Repo Transaction”

“The Federal Reserve Bank of New York added $63.5 billion to the financial system Monday, using the market for repurchase agreements, or repo, to relieve funding pressure in money markets…” https://www.wsj.com/articles/fed-adds-63-5-billion-to-financial-system-in-repo-transaction-11569846438