The European currency traded at $ 1.19 on Tuesday EURUSD, + 0.53%, about 7% up since the beginning of the year and more than 11% since March 20, round the time lockdowns were implemented across the continent. The European currency is now at its highest level since May 2018, and …
Read More »California Landmark Privacy Act is Facebook’s Next Nightmare
While navigating through a mammoth boycott of ads and potential federal anti-trust charges, the chief financial officer of Facebook Inc. most worry about California’s strict new privacy law. The California Consumer Protection Act, or CCPA, is considered to be the first true law of data privacy and under the strongest …
Read More »Bill Gates, Elon Musk, Jeff Bezos and the rest of the Oligarchic Dozens’ just reached a ‘disturbing milestone’
“The rich get richer” does not even begin to tell the story today. According to the Institute for Policy Studies, the wealth of the top 12 billionaires in the US recently exploded to more than one trillion dollars – yes, 13 figures. The statistic is obviously an eye-popping figure on …
Read More »EV developer Canoo to go public via reverse merger with ‘blank check’ company Hennessy Capital Acquisition
Acquisition of special purpose, as company “blank check”, Hennessy Capital Acquisition Corp. HCAC, -80% has jumped on the bandwagon of electric cars as it announced a reverse merger with EV maker Canoo Holdings Ltd. The deal will provide $ 600 million in gross revenue to Canoo, which will be used …
Read More »Why investors should now sell stocks to be ready for the big rally that is coming
Shares rose Tuesday, raising concerns – tensions in Washington-Beijing, the lack of a US incentive package for coronavirus, and the resurgence of viruses in Europe. The optimists helped push the Nasdaq Composite COMP, + 0.17% to log another record on Monday, while some see a new S&P 500 SPX, -0.13% …
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