Ford Motor began the new decade with optimism as it emerged from a fundamental corporate redesign to compete in the era of smart vehicles and clean energy. The Ford Mustang Mach-E, an all-electric crossover, recently made its commercial debut in the U.S., with European deliveries imminent. Ford is beginning production of the Mach-E in China as well.
- Investor's Business Daily
Nvidia chips power a future of self-driving cars and cloud gaming, while the global semiconductor market is in a supply crunch. Is Nvidia stock a good buy now?
- Investor's Business Daily
Mining stocks have bulldozed ahead as prices for copper, iron ore and aluminum surged. Long-term bullish outlooks for copper prices are tied to green energy and EVs.
- The Associated Press
The NBA playoffs should be entertaining, as they always are. ''It's been much more devastating to culture and to establishing momentum for sure, for all of us,'' Spurs coach Gregg Popovich said. LeBron James was a spectator the night the Lakers raised the banner for the championship they won last year, as he was for most of the second half of the season because of an ankle injury.
- NBC Sports
It's the first time the NBA has had a play-in tournament outside the bubble.
Inflation fears are high, and standard portfolio strategies might not work as a hedge. These ETFs take different approaches to protecting your portfolio from inflation.
- Yahoo Finance Video
Kraft Heinz earned some praise from the Warren Buffett crew at Berkshire Hathaway’s 2021 shareholder meeting. Yahoo Finance's Brian Sozzi shares the details.
Microsoft said it had received a concern in the latter half of 2019 that Gates "had sought to initiate an intimate relationship with a company employee in the year 2000," a Microsoft spokesman said in a statement. The Wall Street Journal reported on Sunday that Microsoft's board had decided that Gates' involvement with the female employee was inappropriate and he needed to step down in 2020, citing people familiar with the matter.
But some insurers are already raising premiums, so time may be running out.
Technology stocks pulled Wall Street's main indexes lower on Monday, with the Nasdaq Composite index falling about 1% as signs of growing inflationary pressures raised concern about monetary policy tightening. Six of the 11 major S&P sectors declined, with technology shedding about 1.3%. Apple Inc and Microsoft Corp each fell more than 1%, weighing the most on the benchmark S&P 500 and the Nasdaq.
LONDON (Reuters) -British businesses ramped up their search for new staff as pubs, restaurants and other hospitality and travel firms got ready for Monday's lifting of coronavirus restrictions in England, a survey showed. But an exodus of foreign workers is aggravating a shortage of candidates, with more than 10 jobs on offer for every job-seeker in some cities, according to the survey by job search website Adzuna. Job adverts on Adzuna jumped to 987,800 in the first week of May, up by 18% from the end of March, which was before the reopening of non-essential retailers and hospitality firms for outdoor service on April 12.
- Insider Monkey
In this article, we will take a look at the 10 small-cap stocks with huge growth potential. You can skip our comprehensive analysis of these stocks and the merits of small-cap stock investing, and go directly to the 5 Small-Cap Stocks With Huge Growth Potential. Investors remain optimistic about the steady recovery of the economy, […]
- Yahoo Finance
CDC Director Rochelle Walensky is facing criticism for moving too quickly on updating mask guidance for vaccinated Americans.
(Bloomberg) -- Bank of America Corp. joined the network created by Paxos Trust Co. to settle stock trades in minutes rather than days by using blockchain, the latest sign of Wall Street’s growing adoption of the technology.The second-biggest U.S. bank joins Credit Suisse Group AG and Nomura Holdings Inc.’s Instinet on the Paxos Settlement Service. In 2019, the Securities and Exchange Commission allowed Paxos to begin a pilot program for settling equity trades.Bank of America has been conducting internal transactions for the past few months and, if approved as a clearing agency, will offer the service to clients next, said Kevin McCarthy, head of financing and clearing at the Charlotte, North Carolina-based firm.The Paxos system is one of several areas where banks are using blockchain to reshape how they interact with markets. JPMorgan Chase & Co. has been using a version of Ethereum to execute overnight repurchase agreements since late last year, with daily transactions exceeding $1 billion. Goldman Sachs Group Inc. is preparing to join that market as well.McCarthy said the flexibility and cost savings offered by Paxos appealed to the bank.“We can determine the settlement cycle down to T+0,” he said, referring to a settlement that happens at the same time or on the same day as the trade. “We then can free up the collateral we’d have to post on an overnight basis,” which could lead to big savings. “The return-on-assets in this business would improve, which has been a challenge,” he said.The move to more flexible and speedier stock settlement could pose a threat to the Depository Trust & Clearing Corp.’s half-century dominance in equity markets. Only trades logged by DTCC by 11:30 a.m. are eligible to be settled that day. That misses about 75% of all stocks traded on a given day, according to Paxos Chief Executive Officer Chad Cascarilla.The current settlement time is about two days, during which money to sellers from buyers is stuck in the market’s plumbing.That’s a relative eternity when trades can happen in milliseconds. The Paxos system connects investors directly using a version of the Ethereum blockchain. The DTCC is working to shorten its settlement times and offers same-day settlement for some trades.The equity market is big enough for multiple settlement systems, said Bina Kalola, BofA’s head of global banking and markets financial technology innovation and investments.“That flexibility and change in workflows to bilateral settlement is very interesting,” she said, noting it’s important that Paxos has a link to the DTCC and that there has been broad cooperation. “Everyone is partnering and that’s critical.”Paxos raised $300 million from investors last month, giving it a valuation of $2.4 billion.‘Mainstream Adoption’Pushing blockchain acceptance in banking and other industries is key for the technology to succeed, Cascarilla said.“The way we get mainstream adoption is by having firms like Bank of America come on and feel comfortable,” he said.Kalola said the lender is serious about exploring new ways to adopt innovation to the current market structure.“We will go through this journey together, and the collaboration and partnerships really matter,” she said. “We will see a new way of doing things that will benefit everyone.”(Updates with valuation in 12th paragraph. An earlier version of this story corrected the time of day and a reference to same-day settlement.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
There is a fine line between dominating the cultural conversation and outright manipulation.
- Yahoo Movies UK
The upcoming film, which arrives in July, sees Johansson reprising the role of Black Widow for the first time since Avengers: Endgame.
Nokia (NOK) is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front
- The Independent
The Biden administration has approved the sale of $735m of precision-guided weapons to Israel, raising the ire of some Democrats who question support for the government of Benjamin Netanyahu. The Washington Post reports that Congress was officially notified of the proposed sale on 5 May, citing three people familiar with the notification — a week before the current conflict with Hamas began. Rockets fired from Gaza into Israel have led to the deaths of 10 Israelis.
- The Independent
Bill forces death row inmates to choose between firing squad and electric chair
- The Independent
‘I am so proud of you. Keep dreaming with ambition and there is nothing you cannot achieve,’ the vice president writes
- The Independent
Pandemic has ‘shone a bright light on our own society’s failings’, says leading epidemiologist