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CEO of Tesla Motors Elon Musk reacts following the company’s initial public offering at the NASDAQ market in New York June 29, 2010 Brendan McDermid | Reuters Check out the companies making headlines after the bell: Tesla — The electric automaker jumped 7% in after hours trading after announcing a five-for-one stock split. Trading will begin on
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Adobe CEO Shantanu Narayen told CNBC on Tuesday that he believes there are inherent benefits to being in an office that widespread remote work, which became a necessity during the coronavirus pandemic, cannot necessarily provide.  “Projects which are well underway, we’ve seen tremendous momentum continue, but when you’re trying to create a new project, you
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The Federal Reserve Board on Tuesday reduced the interest rates it charges for its Municipal Liquidity Facility. The program — authorized in March’s Coronavirus Aid, Relief, and Economic Security Act — was created to ensure municipalites had market access amid the turmoil created by the coronavirus pandemic. The Federal Reserve announced a 50 basis point
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When Chinese diplomats began spreading conspiracy theories in March suggesting that the US army had brought coronavirus to China, the claims looked set to derail an already acrimonious relationship between Beijing and Washington. But in recent weeks, despite rounds of US sanctions targeting China’s leading technology companies and officials in Hong Kong and Xinjiang, Beijing
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In the investing world, the terms “bull” and “bear” are frequently used to describe market conditions. These terms are used to describe how stock markets are doing in general—that is, whether they are appreciating or depreciating in value. And as an investor, the direction of the market is a major force that has a huge impact
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Democrat Joe Biden has named Kamala Harris as his vice-presidential running mate, making the senator from California the first African-American woman on a major US party’s presidential ticket. Mr Biden, who served as vice-president in the Obama administration, announced his pick on Tuesday. “I have the great honor to announce that I’ve picked Kamala Harris
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Below is the brief recommendation I released last Friday, Aug. 7, to my CEFs: Income + Opportunity subscribers advising them to finally go long the Delaware Investments Dividend & Income fund (DDF), $8.66 real time market price, +1.1%, after a two-year wait. This followed up on my article, Equity CEFs: 40% Swap Idea – One
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What Is Interest-on-Interest? Interest-on-interest—also referred to as compound interest—is the interest earned when interest payments are reinvested. Compound interest is used in the context of bonds. Coupon payments from bonds are assumed to be reinvested at some interest rate and held until the bond is sold or matures. Compound interest is the interest owed or received
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A stack of Starlink internet satellites just before a launch. SpaceX SpaceX is manufacturing its Starlink satellites at an unprecedented rate for the space industry, analysts say, as the company dives headlong into building a space-based global internet service. Elon Musk’s company told the Federal Communications Commission in a presentation last month that its  Starlink unit
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A Lyft logo is installed on a Lyft driver’s car next to an Uber sticker in Pittsburgh. Gene J. Puskar | AP Check out the companies making headlines after the bell:  Lyft, Uber — Shares of the ride-hailing duo dipped after a San Francisco Superior Court judge ruled that they convert California drivers from independent contractors to employees
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The Chinese government’s efforts to tamp down speculation in property markets will mean that funds will flow to equities instead, allowing for more upside in onshore equities, an economist said on Tuesday. “We think the liquidity will likely go to the equity market,” said Zhiwei Zhang, president and chief economist at Pinpoint Asset Management. Although
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Dow component Cisco Systems, Inc. (CSCO) reports fiscal fourth quarter 2020 earnings after Wednesday’s closing bell, with analysts expecting a profit of $0.74 per share on $12.1 billion in revenue. The stock rose more than 4% after Cisco beat third estimates and raised fourth quarter guidance in May, adding another 10% into the June high
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Spencer Platt | Getty Images As earnings season wraps up, analysts are reviewing their short-term and long-term take on the stocks they cover. While some companies delivered blowout quarters (see below), other stocks are suffering as global restrictions continue. And while government-backed stimulus programs can provide some relief, the truth remains that the pandemic- and
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Downtown Greenville, South Carolina getty I’ll state right away that I still see promise in certain big-city real estate investment trusts (REITs). So this is not a hit against that entire focus. You may have seen the recent news that Facebook (Nasdaq: FB) signed a massive lease with Vornado Realty Trust (VNO). And that’s in
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Despite the global pandemic, Dubai has seen “impressive levels” of real estate transactions over the past few months, the chief commercial officer of a United Arab Emirates-based property developer said last week. Aqil Kazim of Nakheel’s comments come even as real estate transactions in the second quarter of 2020 plummeted 38.8% compared to the same
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One of the recent megadeals is the $21bn sale of Marathon Petroleum’s Speedway petrol stations business to Seven & i Holdings © Luke Sharrett/Bloomberg A series of blockbuster deals has led a resurgence in M&A activity since the start of July, with companies rushing to prepare themselves for the recession and dusting off deals that
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Introduction In October of 2020, in an article about the Ensemble Fund (ENSBX) (sometimes referred to herein as the “Fund”), I wrote: I am always on the lookout for up-and-coming mutual fund managers in the hope of finding the next Peter Lynch (i.e., a fund manager set to outperform the S&P 500 over a long
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