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Market News

Location American Market News for 24 February 2021

Lumber Prices Are Soaring. Why Are Tree Growers Miserable?

Wall Street Journal - 24 Feb 2021 16:37
Saw mill operators are harvesting gains while Southern landowners are struggling with a surplus of trees. 'I'm not making anything,' said one Georgia timber veteran.
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Will The Real Inflation Stand Up? Why Paying Attention To Asset Price Inflation Is Important For Investors Including asset price inflation in traditional inflation metrics makes the metric more noisy, but is this a good reason to continue ignoring asset price inflation when both the Fed and the economy respond to asset price ...
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Puerto Rico Bonds Jump on Restructuring Settlement

Wall Street Journal - 24 Feb 2021 17:12
A settlement between creditors in Puerto Rico's bankruptcy case is lifting prices of the commonwealth's municipal bonds and shares of insurance companies that guaranteed payments on the bonds.
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Nvidia stock has had a lot of momentum in recent months, with the stock rising over 106% in the past year.
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The Case Against Inflation

Forbes - 24 Feb 2021 23:00
The Case Against Inflation For inflation to be a near-term threat, five things would have to happen this year:
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A More Equitable Way To Access Venture Capital Opportunities? The rolling fund concept is seen as a way to "democratize" access to venture funding opportunities, where large gains have been realized with many early-stage companies. It provides lower minimums and the ability to add ...
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Hong Kong's Richest 2021: Big Gains For Some, But More Than Half See Wealth Drop While the combined wealth of Hong Kong's richest managed to rise, more than half saw a pandemic-induced drop in their net worth.
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Power Player: Billionaire's Bold Bets During The Pandemic Paid Off Big Horst and Stephan Pudwill are growing Techtronic Industries to take on the global giants of the power tools industry with a relentless focus on cordless innovation.
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Billionaire Builders Hit Hardest By Hong Kong's Headwinds Many--but not all--of Hong Kong's property tycoons took big hits to their wealth.
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Hong Kong's Biggest Wealth Gain Goes To This Smartphone Supplier Husband and wife Yeung Kin-man and Lam Wai-ying of Biel Crystal had another red-hot year.
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Online Games Power Tencent President Up The Wealth Rankings Martin Lau, who made his list debut in 2018, was among the biggest gainers this year.
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Casino Mogul Outplays Rivals With Bets Beyond Gaming During a year that crimped gaming, Galaxy Entertainment remained relatively stable due to its nongaming offerings.
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Earnings Preview: Plug Power Reports On Thursday. Here's A Closer Look. Plug Power is scheduled to report earnings after Thursday's close.
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3 Reasons Bitcoin Could Go (much) Higher

Forbes - 24 Feb 2021 20:19
3 Reasons Bitcoin Could Go (much) Higher Consumer enthusiasm for cryptocurrencies is surging well beyond the highs of 2017/2018... but will this time really be different?
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Saudi Arabia Borrows at Negative Rates for First Time

Wall Street Journal - 24 Feb 2021 20:03
As oil recovers, the kingdom sold euro-denominated three- and nine-year bonds, raising $1.8 billion.
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Walmart Becomes Oversold

Forbes - 24 Feb 2021 19:54
Walmart Becomes Oversold In trading on Wednesday, shares of Walmart entered into oversold territory, hitting an RSI reading of 29.96
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Cash Dividend On The Way From DuPont

Forbes - 24 Feb 2021 19:36
Cash Dividend On The Way From DuPont On 2/26/21, DuPont will trade ex-dividend, for its quarterly dividend of $0.30, payable on 3/15/21.
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Home Depot and Lowe's Shouldn't Fear Pandemic's End

Wall Street Journal - 24 Feb 2021 19:09
Investors seem overly jittery about Lowe's and Home Depot's ability to outperform 2020.
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Top Stocks To Short Today As Bond Yields Beat Up Tech Stocks Again As bond yields continue to rise, Q.ai's Artificial Intelligence has dug up the details to find you today's best short plays.
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Top Stocks To Buy Today As Tech Slide Continues As tech shares keep falling thanks to rising bond yields, Q.ai's Artificial Intelligence has crunched the numbers to bring you today's top buys.
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Here's What Biden's Supply Chain Executive Order Means For U.S. Businesses The White House wants to promote American manufacturing and reduce reliance on critical goods manufactured overseas.
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Square Bets on Bitcoin to Shape Its Future

Wall Street Journal - 24 Feb 2021 18:06
If the payments company is to grow into its huge valuation, it will need to convert users' dalliance with the digital currency into long-term relationships.
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