Business Investments

Oil Steadies After Two-Day Gain With Demand Outlook in Focus

(Bloomberg) — Oil was steady after a two-day gain amid optimism that fuel demand will keep rising, despite a Covid-19 resurgence in many regions. Futures in New York traded near $75 a barrel after advancing more than 2% on Friday. The rollout of vaccines and rebound in economic activity across major economies, particularly the U.S., …

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Indians Offload Gold Heirlooms as Virus Deepens Financial Pain

(Bloomberg) — Paul Fernandes, a 50-year-old waiter in India, last year took out a loan using his gold as collateral to pay for his children’s education after losing his job on a cruise liner. This year, he is selling his gold jewelry to meet expenses, after failed attempts at starting a home business and finding …

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The Meme Stock Rally Hurt Melvin and Maplelane. It Hasn’t Gotten Easier Since.

Hedge funds walloped by the meteoric rise of stocks such as GameStop Corp. and AMC Entertainment Holdings Inc. in January are still struggling to get out from under those losses. Melvin Capital Management, which lost more than $6 billion in January, is now down 46% for the year through June, the fund recently told investors. …

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El Salvador Move Could Strain Bitcoin Blockchain, JPMorgan Says

(Bloomberg) — El Salvador’s declaration of Bitcoin as legal tender could create challenges for both the country and the cryptocurrency, according to a team from JPMorgan Chase & Co. Bitcoin trading volumes commonly exceed $40 billion to $50 billion per day, but most of that is internalized by major exchanges, said a group from JPMorgan …

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Biden Competition Order Targets Hospital Mergers, Surprise Medical Bills

The White House call for revised enforcement guidelines to promote hospital competition will likely amplify federal scrutiny of hospital mergers, which health economists say have raised prices. The Biden administration order, released Friday, encouraged the Justice Department and Federal Trade Commission to review and possibly revise their merger guidelines. It highlighted hospital consolidation, which the …

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Take Advantage of Market Corrections by Stalking Your Favorite Stocks

Dump the ‘single buy and single sell’ mindset and focus on timing and position size. By JAMES “REV SHARK” DEPORRE Jul 10, 2021 | 10: 00 AM EDT The one great certainty of the stock market is cycles. There will be ups and downs and bull markets followed by bear markets. The thinking of many …

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Biden’s $2.5 Trillion Plan Could Send These 3 EV Stocks Soaring

Just days from now, Biden is set to gamble a proposed $2.5 trillion on a new plan, in hopes of bringing America’s foundation into the next generation. It’s coming in the form of the biggest infrastructure project since the highway system was built in the 1970s. But with today’s massive infrastructure bill, most people might …

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China Just Cut Reserve Requirements for Its Banks. Why One Economist Is Worried.

Text size Why does China need a reserve requirement rate cut? Qilai Shen/Bloomberg This commentary was issued recently by money managers, research firms, and market newsletter writers and has been edited by Barron’s. Trouble at China’s Banks? ING SnapsINGwww.think.ing.com July 9: The Chinese government has unexpectedly announced a broad-based RRR [reserve requirement rate] cut to …

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China to Rein in U.S. IPOs by Entertainment Companies

The Chinese government on Saturday announced tough new rules that will limit mainland tech firms listing on U.S. stock markets. Surprisingly, this looks like being an area where the two superpowers are likely to agree. The move will prevent a repeat of the embarrassing incident that took place this month where ride hailing giant Didi …

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