The $5 billion American Dream super mall in New Jersey’s Meadowlands had to tap into a reserve fund to make a bond payment as it copes with a cash flow crisis exacerbated by the coronavirus. The 3.3 million-square-foot behemoth, which features an indoor ski slope, amusement park and water park, used the reserves to make
Month: August 2021
WhatsApp has condemned Apple’s new child safety tools as a “very concerning . . . surveillance system”, even as governments around the world have cheered the decision to proactively search for illegal photos of child sexual abuse. The stand-off sets up a battle between other tech platforms and officials calling for them to adopt similar tools. An Indian government
In today’s episode of let’s talk stocks we are going to talk about 3 different ways to scale into and out of stocks, in order to reduce and manage your risk. We’ll cover topics such as, what is scaling, why should you scale, the advantages and disadvantages of scaling, as well as three different ways
Why is the Stifel Nicolaus price target for Micron 50% above the rest of the Street? Micron: https://www.zacks.com/stock/quote/TJX?cid=CS-YOUTUBE-FT-VID NVIDIA: https://www.zacks.com/stock/quote/NVDA?cid=CS-YOUTUBE-FT-VID Lam Research: https://www.zacks.com/stock/quote/LRCX?cid=CS-YOUTUBE-FT-VID Applied Materials: https://www.zacks.com/stock/quote/AMAT?cid=CS-YOUTUBE-FT-VID SMART Global Holdings: https://www.zacks.com/stock/quote/SGH?cid=CS-YOUTUBE-FT-VID Follow us on StockTwits: stocktwits.com/ZacksResearch Follow us on Twitter: twitter.com/ZacksResearch Like us on Facebook: www.facebook.com/ZacksInvestmentResearch
SpaceX stacks Starship prototype 20 on top of Super Heavy rocket Booster 4 on August 6, 2011. @elonmusk on Twitter Elon Musk’s SpaceX stacked a Starship prototype rocket on top of a Super Heavy rocket booster for the first time on Friday morning, giving a look at the scale of the combined nearly 400-foot-tall vehicle.
Traders work on the floor of the New York Stock Exchange (NYSE), July 21, 2021. Brendan McDermid | Reuters With fresh evidence the labor market is on the mend, investors’ focus shifts to inflation in the coming week and whether it will continue to heat up or show signs of abating. There is a series
Born in 1880, Anderson Hunt Brown used his natural business genius to become one of the nation’s first Black property moguls—and he used his wealth to effect serious advances for civil rights. For Anderson Hunt (A.H.) Brown, frustration was a powerful factor that inspired much of his success. The frustration and pain of losing three
In this article GOOGL Google is asking the city for feedback on its early plans to transform a Silicon Valley office site with “sustainability” features. City of San Jose filings Google is planning yet another Silicon Valley campus, which will sit adjacent to a new center partly devoted to hardware, according to preliminary plans obtained
The Central Bank of Venezuela announced the new redenomination plan for its fiat currency called “Digital Bolivar.” This new proposal seeks to simplify transactions by slashing six zeroes from the current value of the currency. While it is called digital, it has nothing to do with the proposal of a new central bank digital currency
The overall feel across the cryptocurrency landscape over the past week has been one of bubbling anticipation, with the Ethereum network finally undergoing its London hard fork, which includes reforms to the transaction fee market, thanks to EIP-1559. London is the latest in a series of upgrades that are part of Ethereum’s measured transition from
Municipal benchmark yields rose by as much as five basis points Friday, following a stronger-than-expected jobs report, but the asset class outperformed the moves in Treasury bonds. An increase in supply next week may test current low levels. Continued strength in the economy was seen as nonfarm payrolls rose 943,000 and the jobless rate fell
Bitcoin (BTC) and Ether (ETH) are due a “huge” move but short-term signals suggest a correction, an analyst warned Aug. 6. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Buy into resistance? “Not interested” Data from Cointelegraph Markets Pro and TradingView showed both BTC/USD and ETH/USD acting near critical range resistance as the week drew to a
Ohio inched closer to a triple-A rating as Fitch Ratings Thursday lifted the outlook on its AA-plus rating to positive. The rating agency cited “Ohio’s sustained trend of balanced finances and growth in reserves that strengthens the state’s financial resilience as it confronts cyclical economic and revenue trends.” Fitch’s action comes ahead of a $56.5
Retail investors are scooping up funds that track Chinese stocks after sharp falls in recent weeks, marking a contrast to institutions that have remained more cautious as Beijing cracks down on key sectors. A US listed exchange traded fund, which holds big names such as Alibaba, Tencent, JD.com and Meituan, has attracted more than $2bn
Virgin Galactic’s passenger rocket plane VSS Unity, carrying Richard Branson and crew, begins its ascent to the edge of space above Spaceport America near Truth or Consequences, New Mexico, U.S. July 11, 2021 in a still image from video. Virgin Galactic | via Reuters Virgin Galactic delivered second-quarter results after the market closed on Thursday
In this article DBX SPCE BYND TRIP Virgin Galactic’s passenger rocket plane VSS Unity, carrying billionaire entrepreneur Richard Branson and his crew, lands after reaching the edge of space above Spaceport America near Truth or Consequences, New Mexico, U.S., July 11, 2021. Joe Skipper | Reuters Check out the companies making headlines in after-hours trading.
A lot of fantastic ideas have come to people over cocktail napkins and dinner meetings. And the sale of the Blue Heron designed custom home in the Henderson hillside MacDonald Highland community for $25 million is no different. Vegas Modern 001 was completed in April, listed for $28 million in early June and sold on
Lucy Nicholson | Reuters The Centers for Disease Control and Prevention on Tuesday released a new federal eviction moratorium, just days after the previous ban expired on July 31. The new rules bought more time for some, but not all, of the millions of renters facing eviction. It’s also increased confusion for many in danger
In this episode of let’s talk stocks, we are going to go back into the basics of technical analysis, and we’ll talk about the ascending triangle pattern, which is a continuation pattern. We’re going to take a look at what the pattern looks like, its previous trend, volume, projection, entry points and finally, I’ll give
These ETFs have a lot of exposure to big tech.
The crypto community is pushing back against amendments to the crypto provisions of the White House’s infrastructure plan — which seeks to raise $28 billion for infrastructure funding through expanded taxation on crypto transactions and impose new reporting requirements for crypto “brokers.” On August 6, Senators Mark Warner and Rob Portman proposed a “last-minute amendment”
Municipals were mostly steady, ignoring other markets Thursday as the week’s last sizable new issues closed books while U.S. Treasuries rose and equities were up on better economic data. Secondary trading petered off into the afternoon, holding triple-A benchmarks steady, as most participants await Friday’s nonfarm payrolls. For the 22nd consecutive week, Refinitiv Lipper reported
What if sperm were uploaded — or perhaps, erm, unloaded — onto the Bitcoin network, and those seeking to become pregnant could turn the emotional, complex task into something more approachable, where they choose the right swimmers on the blockchain according to attributes like education level, hobbies and physical attributes? Wei Escala is the founder
Bankruptcy Judge Laura Taylor Swain rejected a proposed committee to represent retail holders in Puerto Rico’s debt restructuring while she allowed parties representing Debt Recovery Authority bondholders to continue their efforts to protect their collateral from Oversight Board actions. Swain made both rulings at Wednesday’s omnibus hearing for the Puerto Rico bankruptcy. Puerto Rico Bankruptcy
Joe Biden will catapult his climate change agenda on Thursday by signing an executive order calling for half of all new vehicles sold in the US to be electric by 2030 as part of plans to slash transport emissions. The US president will announce the target as he lays out plans to reinstate and toughen
In this article VRA VERA A woman walks past JPMorgan Chase & Co’s international headquarters on Park Avenue in New York. Andrew Burton | Reuters JPMorgan Chase‘s new healthcare unit has made its first investment, CNBC has learned exclusively. The bank has agreed to invest $50 million in Vera Whole Health, a Seattle-based start-up that
In this article ROKU UBER WYNN MGM EA ETSY Josh Silverman, CEO of Etsy. Adam Jeffery | CNBC Check out the companies making headlines after the bell: Etsy — Etsy shares fell 14% in extended trading despite reporting second-quarter adjusted income and revenues ahead of what analysts had forecast. The company also provided third-quarter financial
To determine which places have experienced the biggest growth in employment, we used the Bureau of Labor Statistics’ Current Employment Statistics (CES) to analyze nonfarm payrolls from 389 of the largest metro areas in the U.S., in terms of their one-year growth (May 2020 to 2021 and June 2020 to 2021) in absolute numbers and
In this article MGP VICI MGM Resorts International President and CEO Bill Hornbuckle is interviewed during the launch of the 100-megawatt MGM Resorts Mega Solar Array, the hospitality industry’s largest directly sourced renewable electricity project in the world on June 28, 2021 in Dry Lake Valley, Nevada. Gabe Ginsberg | Getty Images Real estate investment
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