Sponsored Content There’s this misguided notion often parroted in the sound money community that the government hates gold. If you’re a gold investor, you’ve probably heard it. But have you ever stopped to question it? If you did, you would soon realize that the thesis is a bit too simplistic to the point of being…
Inflation Speeds Up Again in January, Vaulting to Fresh 40-year High
Inflation in the United States picked up its pace once again, accelerating to an annual 7.5 percent in January, the highest rate in 40 years and above analysts’ expectations, according to data released by the Bureau of Labor Statistics (BLS). January’s acceleration in the Consumer Price Index (CPI), which reflects inflation from the perspective of end…
Siemens Clocks 17 Percent Revenue Growth in Q1; Discloses Asset Divestment Plans
Siemens AG reported first-quarter FY22 revenue growth of 17 percent year-on-year to €16.5 billion. Orders rose 52 percent Y/Y to €24.2 billion. Orders increased 42 percent, and revenue rose 9 percent on a comparable basis. Profit Industrial Business increased 12 percent Y/Y, to €2.5 billion, and the corresponding profit margin came in at 15.7 percent (Q1 2021: 16.5…
Here’s Why Morgan Stanley Sees Sharp Upside in This IT Company
Morgan Stanley analyst James Faucette reiterated his Overweight rating and $140 price target on Affirm Holdings Inc. The price target implies an upside of 87.5 percent. Faucette sees significant upside potential for its upcoming quarterly results. The analyst says the company benefits from meaningful partnerships and new features. The “encouraging” app downloads data and “broadly healthy e-commerce trends” support…
Read How Analysts Reacted to Paycom Software’s Q4 Results
Analyst opinions remain divided over Paycom Software Inc. post Q4 results. Piper Sandler analyst Arvind Ramnani raised the price target on Paycom to $505 from $498 (40 percent upside) and reiterated an Overweight. Paycom’s Q4 results “were robust all-around” as revenue came in well above expectations driven by a healthy demand environment, Ramnani says. Stifel analyst Brad Reback lowered the…
Canada’s Alberta Province Files Trade Challenge Over Scrapped Keystone XL Pipeline
CALGARY, Alberta—The Canadian province of Alberta on Wednesday formally initiated a trade challenge to recover its investment in the Keystone XL oil pipeline, which was scrapped in 2021 after the United States cancelled a key permit. Alberta, Canada’s largest oil-producing province, had invested C$1.3 billion in the project and is seeking compensation from the United…
$11 Million Investment to Improve Recycling in Regional Northern Territory
The Australian and Northern Territory (NT) Governments will invest $11 million (US$7.9 million) in new recycling infrastructure to ensure better access to recycling in regional and remote areas of the Northern Territory. The project, which will be conducted under the Morrison government’s Recycling Modernisation Fund (RMF), will focus on addressing the imbalance of recycling opportunities across…
Pelosi Says Congress Needs to ‘Tighten the Fines’ on Violators of Congressional Stock Trading Act
House Speaker Nancy Pelosi (D-Calif.) on Feb. 9 said she supports increasing restrictions on members of Congress trading stocks. “We have to tighten the fines on those who violate the STOCK Act. It’s not sufficient to deter behavior,” Pelosi told reporters in Washington during a press conference. Fifty-five members of Congress have violated the Stop…
Chart Wars: Between Nvidia, Taiwan Semiconductor, Which Stock Looks Set to Fly Higher?
NVIDIA Corporation and Taiwan Semiconductor Manufacturing Company Ltd. were each trading 1 percent higher on Monday despite the broad sector ETF SPDR S&P 500 consolidating with an inside bar pattern. Both stocks have reached new all-time highs recently with Nvidia soaring to the $346.47 mark on Nov. 22 and Taiwan Semiconductor hitting a Jan. 13 high of…
Does a Potential Peloton Acquisition Make Strategic Sense for Apple?
Rumors of a potential sale of Peloton Interactive Inc. have been flying thick and fast following reports of fundamental issues at the at-home fitness brand. While Amazon Inc. and Nike Inc. are being talked of as potential suitors, an analyst at Wedbush said Apple Inc. could also join the race for Peloton. The Apple Analyst…
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