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SPAC (special purpose acquisition company) gained a lot of popularity in 2020. However, there has been a sell-off in them over the last week. Has the bubble burst? In 2020, the total number of money that was raised through blank cheque companies was $83 billion according to SPACInsider. The total money that was raised through…
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Fintech company Square, whose stock has rallied sharply over the last year, was trading lower in US premarket trading today after the company released its fourth quarter earnings that showed a mixed performance. Square released its fourth quarter earnings yesterday after the markets closed. The company’s revenues rose 141% in the quarter to $3.16 billion….
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The price of Bitcoin is plunging for a second day, after US Treasury Secretary, Janet Yellen, deemed the crypto asset as an “extremely inefficient” instrument to conduct transactions. Yesterday, the price went down as much as 18% during the session at $47,400 but then recovered to $54,173, closing the day with a milder 6% loss….
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Square stock is up sharply over the last year. The company is set to release its fourth quarter earnings this week. Can the stock continue to rise further after the earnings release? Fintech stocks have been red hot over the last year. Fintech giant Ant Financial was set to become the biggest IPO of all…
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Do you want to know if IQ option is a safe and reliable forex broker? IQ Option is one of the most prominent binary options brokers today. It was established in 2013 and is managed and operated by IQ Option Europe Limited. It is headquartered in Cyprus and regulated by the Cyprus Securities Exchange Commission…
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Chinese tech giant Baidu was trading sharply higher in US premarket trading today after the company’s fourth quarter earnings beat estimates. What’s the outlook for the stock and can it continue to rise further? The company’s revenues increased 5% in the quarter to $4.6 billion. The revenues were slightly ahead of what analyst were expecting….
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The price of Bitcoin is surging past the $50,000 mark for a second day this morning in early cryptocurrency trading as the Tesla-led bull run appears to have created a sustained positive momentum for the crypto asset. After steadily moving higher during the next few days that have followed Tesla’s announcement of a $1.5 billion…
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Over the weekend, General Motors (GM), the largest US automakers, unveiled two electric vehicle models. 2021 is turning out to be a pivotal year for the company as it transitions from a predominantly ICE (internal combustion) engine carmaker to an automaker producing zero-emission vehicles. On Sunday, General Motors unveiled the redesigned Chevy Bolt Electric model…
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American payment processing company Mastercard announced yesterday that it plans to incorporate cryptocurrencies into its payment network, making this the latest step in the world’s seemingly accelerated adoption of digital assets as a regular form of payment. The company highlighted that this decision comes amid a spike in the demand for digital assets, with users…
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The fourth quarter earnings season in full swing. General Motors, the largest automaker in the US, would release its earnings on Wednesday. Here’s what analysts are projecting for the company’s Q4 earnings. Analysts expect General Motors’ fourth quarter revenues to rise 17.9% year over year to $36.3 billion. Its revenues are expected to rise on…
