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The growth in p2p lending platforms has opened up alternative investment opportunities for investors that were previously only available to big investors and asset managers. The yields in the range of high single digit to double digit from these investments look attractive when compared to an interest rate of close 2% on savings accounts and…
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EV (electric vehicle) company Lucid Motors was rumored to go public through a reverse merger with Churchill Capital Corp. IV (CCIV). However, it does not look like a firm deal. SPACs (special purpose acquisition company) has been the preferred listing mode for loss-making startup companies over the last year. Several companies in the electric vehicle…
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Nvidia stock fell 5.9% on Wednesday after the UK competition watchdog Competition and Markets Authority (CMA) said that it would probe the company’s acquisition of Arm Holdings. Last year, Nvidia had announced the deal to acquire Arm Holdings from SoftBank for $40 billion. The deal was structured in a mix of cash and stock that…
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Nikola stock surged over 19% on Monday after a bullish note from JP Morgan. The stock is, however, down sharply from its 2020 highs. Can Nikola deliver good returns in 2021? 2020 was an incredible year for electric vehicle companies and we saw a rerating of all the companies in the electric vehicle ecosystem. Tesla’s…
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Yesterday, XL Fleet listed by completing its reverse merger with SPAC (special purpose acquisition company) Pivotal Investment. SPACs have been the preferred listing mode for loss-making companies this year. Many electric vehicle companies including Nikola, Fisker, Lordstown, and battery maker QuantumScape have listed through the SPAC route this year. Earlier this year, famous fund manager…
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Facebook shares closed 1.9% lower yesterday in line with the fall in the Nasdaq Index. The Federal Trade Commission (FTC) and a group of 48 state attorneys general have filed two lawsuits accusing it of monopoly and calling for a break-up of the social media giant. To be sure, lawmakers have been uncomfortable with Big…
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DocuSign stock was trading sharply higher in US markets trading today after its fiscal third quarter 2021 earnings smashed estimates. It is among the basket of so-called stay-at-home stocks that have rallied this year. DocuSign reported the earnings for its fiscal third quarter that ended October 31 yesterday. Its revenues increased 53% year over year…
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Startup electric vehicle company Fisker surged almost 37% yesterday becoming the latest stock to join the rally in electric vehicle stocks. Fisker listed on October 30 this year and began trading at just under $9. Based on yesterday’s closing price of $21.86, Fisker stock has more than doubled since its listing. Electric vehicle stocks Fisker…
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Nikola stock, which gained over 17% in regular session yesterday was trading sharply lower in pre markets today as the company failed to reassure investors that its partnership with General Motors (GM) that was announced earlier this year would go ahead as planned. Nikola stock There are two concerns weighing on Nikola stock. The first…
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Legal Entity Identifiers (LEIs) have revolutionized the business landscape in very many ways. Given the growing number of business entities over the past two decades, there was a need to formulate a standardized system that will promote transparency, especially for cross-border transactions. The banking sector, in particular, relies on the 20-alphanumeric character codes for customer onboarding, trading, and…
