Top Ways to Trade a Potential $30 Trillion Metaverse
The metaverse could be a multi-trillion-dollar opportunity. In fact, according to Matthew Ball, CEO of Venture Capital firm Epyllion, the metaverse could be a $10 trillion to $30 trillion market. Forced into the spotlight by Mark Zuckerberg, the metaverse “is a sci-fi...
Three Solid Ways to Trade the Steel Boom
The war has created a big opportunity for commodity stocks. Look at Cleveland-Cliffs (CLF), for example. JPMorgan analyst Michael Glick noted that, “’Russia’s invasion a month ago nearly instantly set off a butterfly effect across the steel markets,’ with the impact...
Cannabis Stocks Could See Higher Highs Next Week
Cannabis stocks went up in smoke in 2021. But many could see higher highs by next week. That’s because Congress just scheduled a vote to federally legalize the drug, as noted by Marijuana Moment. In fact, “The U.S. House of Representatives will vote next week on the...
With Billions on the Line, the Fight for EV Supremacy Heats Up
The EV boom is accelerating. By 2030, it’s expected we’ll see up to 125 million electric vehicles on the road. Fueling the market even more, major automakers are starting to abandon internal combustion engines for EVs. In addition, according to ChargePoint Holdings,...
Atos’ M&A prospects hang in the balance of French government
(Corrects 13th paragraph of Feb 3 article to say Elie Girard departed, not that he was ousted) By Mathieu Rosemain and Julien Ponthus PARIS (Reuters) - The French government holds the final keys to any move to buy the BDS cybersecurity division of France's Atos,...
All in a day: Zuckerberg loses $29 billion, Bezos set to pocket $20 billion
By Eva Mathews and Nivedita Balu (Reuters) -Mark Zuckerberg lost $29 billion in net worth on Thursday as Meta Platforms Inc's stock marked a record one-day plunge, while fellow billionaire Jeff Bezos was set to add $20 billion to his personal valuation after Amazon's...
Wall St ends winning run as Facebook forecast halts tech-led recovery
By David French (Reuters) - Wall Street snapped a four-session winning streak on Thursday, with all three benchmarks ending lower after Facebook-owner Meta Platforms' dour forecast sent its stock plummeting and halted a nascent recovery built on upbeat earnings from...
‘Fed up’ GM workers in Mexico pick new union in historic vote
By Daina Beth Solomon MEXICO CITY (Reuters) - An upstart union supported by international activists on Thursday won an election to represent General Motors workers in central Mexico, opening the door to the prospect of bigger pay rises, inspired by U.S.-backed labor...
Meta’s share price wipe-out shakes world tech stocks
By Danilo Masoni, Akash Sriram and Noel Randewich (Reuters) - Shares of Facebook owner Meta plummeted 26% on Thursday, the biggest single-day slide in market value for a U.S. company, after the social media giant issued a dismal forecast, blaming Apple Inc's privacy...
Citadel, Saba gain in January as market drop left many hedge funds with losses
By Svea Herbst-Bayliss BOSTON (Reuters) -Hedge funds Citadel and Saba Capital Management sidestepped January's stock market selloff to post gains as many other firms started the year off in the red, investors in the funds said on Thursday. Ken Griffin's Citadel told...
World stocks fall on central banks’ inflation outlooks, glum Facebook update
By Katanga Johnson WASHINGTON (Reuters) - Global equity markets slumped lower on Thursday while gold prices steadied and the dollar weakened as frightened investors digested disappointing updates from major central banks about the outlook for inflation and interest...
U.S. job market faces reshuffling as workers quit at near record rates
By Jonnelle Marte and Aleksandra Michalska (Reuters) - Gina Marino quit two jobs last year. In the summer, she left a position at a small social media marketing agency for a bigger firm offering more money and greater responsibility. Three months later, despite liking...
U.S. lawmakers blast agencies over 5G C-Band aviation spectrum ‘ridiculousness’
By David Shepardson WASHINGTON (Reuters) - U.S. lawmakers on Thursday blasted two federal agencies for failing to avoid an embarrassing last-minute standoff between the aviation and wireless industries over 5G C-Band deployment and airplane interference, with the head...
Boston Fed, MIT release technical research on central bank digital currencies
By Jonnelle Marte (Reuters) - The Federal Reserve Bank of Boston and the Massachusetts Institute of Technology (MIT) unveiled on Thursday long-awaited technical research and open-source code that could be used as the groundwork for a potential central bank digital...
U.S. oil busts through $90/bbl for first time since 2014
By David Gaffen NEW YORK (Reuters) -Oil prices surged in late-day trading Thursday, sending the U.S. crude benchmark through $90 a barrel for the first time since 2014 due to ongoing supply worries and as frigid weather cascades across the United States. Global...