There has been a lot of talk about responsible investing versus what’s considered investment in questionable assets. For example, many funds do not invest in the so-called sin sector or vice funds, with many considering tobacco, alcohol, weapons, adult entertainment, nuclear power and gambling to be questionable investment targets. On the other hand, some investors… Continue reading Responsible investing vs. investing in questionable assets
Company Spotlight
UBS renames Sergio Ermotti as CEO to lead Credit Suisse merger
UBS Group AG (NYSE: UBS) is in focus this morning after renaming Sergio Ermotti as its Chief Executive to oversee the pending acquisition of Credit Suisse (NYSE: CS). Here’s what we know so far Ermotti has previously led UBS between November 2011 and October 2020 – a nine-year tenure in which he played a central… Continue reading UBS renames Sergio Ermotti as CEO to lead Credit Suisse merger
Bear Traps’ McDonald sees a ‘sharp drawdown’ ahead in Nasdaq
Nasdaq Composite is currently up more than 12% year-to-date but Founder of the “Bear Traps Report” says a significant downside may unravel in the coming weeks. Banking crisis is not over Larry McDonald is bearish on the equities market primarily because he’s not convinced that worst of the banking crisis is over just yet. Speaking… Continue reading Bear Traps’ McDonald sees a ‘sharp drawdown’ ahead in Nasdaq
First Citizens shares jump 45% on ‘very good news’
Frist Citizens BancShares Inc (NASDAQ: FCNCA) is trading about 45% up this morning after agreeing to buy Silicon Valley Bank assets at a deep discount. Pro reacts to the stock market news On Monday, the Federal Deposit Insurance Corporation said the Nasdaq-listed firm will assume roughly $72 billion worth of SVB loans and deposits at… Continue reading First Citizens shares jump 45% on ‘very good news’
Tether’s Paolo Ardoino says BTC could retest its all-time high amid the banking crisis
Tether’s chief technology officer (CTO) Paolo Ardoino in an interview with CNBC said that Bitcoin could retest its all-time high amid the current banking crisis. Bitcoin reached an all-time high above $69,000 on November 10, 2021, before embarking on a bearish trend that saw it test $15,000 towards the end of 2022. Bitcoin is currently… Continue reading Tether’s Paolo Ardoino says BTC could retest its all-time high amid the banking crisis
Flare price surging as Deutsche Bank failure push markets down: here’s why
Flare price has surged by more than 12% today as the global market cap dropped by about 2.20% after Germany’s largest multinational lender Deutsche Bank shares tumbled on Friday as financial industry fears continue to spread following the string of global bank failures, especially in the US, this month. Today’s crypto market plunge is highly… Continue reading Flare price surging as Deutsche Bank failure push markets down: here’s why
Top 3 oversold 2021 IPOs that could bounce back in 2022
2021 was a strong year for Initial Public Offerings (IPOs) in the United States. In total, there were more than 1,000 IPOs in the US, which raised more than $315 billion. Most of these IPOs were Special Purpose Acquisition Companies (SPACs). In this article, we will look at three of the top 2021 IPOs that… Continue reading Top 3 oversold 2021 IPOs that could bounce back in 2022
MineHub co-founder on IPO: ‘industry is ripe for technological advancements’
MineHub Technologies Inc is set to debut on Canada’s TSX Venture Exchange on Tuesday under the ticker “MHUB”, the company announced in its press release this morning. “We are pleased to have completed our over-subscribed $10 million financing and listing on the TSX-V, especially at a time when industries are starting to understand the transformational… Continue reading MineHub co-founder on IPO: ‘industry is ripe for technological advancements’
In the context of surging cryptocurrency prices, should you buy or sell Coinbase stock?
With Bitcoin (BTC/USD) approaching $50,000 and Ethereum (ETH/USD) mirroring the trend, Coinbase Global has moved to the fore of the cryptocurrency industry. Should you buy or sell their stock after the much-hyped IPO? An analysis by Investor’s Business Daily sheds light on the answer. Stock up by more than 70% on first day On April… Continue reading In the context of surging cryptocurrency prices, should you buy or sell Coinbase stock?