Assets under management held in sovereign wealth and public pension funds reached a record $31.9 trillion due to strong returns from American stock markets and rising oil prices as global economies recover from pandemic-era lockdowns. Sovereign wealth funds (SWF) grew 6 percent from $9.9 trillion in 2020 to $10.5 trillion last year, passing the $10…
Sovereign Wealth Funds Create New Trillion-Dollar Record From Robust Returns
West Virginia Grants Key Permit for 304-Mile Natural Gas Pipeline
January 1, 2022
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West Virginia approved a key permit for a 304-mile natural gas pipeline project on Friday. “State 401 [Water Quality] Certification … is granted subject to the conditions contained in Attachment A. Certification shall be effective 15 days from the date of this letter,” Katheryn Emery, the acting director of the state’s Department of Environmental Protection…
Stifel’s List of Top Tech Supply Chain Picks for 2022
Stifel analyst Matthew Sheerin said demand signals in the technology supply chain “remain quite strong for 2022.” However, Sheerin expects ongoing supply shortages to persist through the first half. Meanwhile, he sees this setting the stage for a solid second half in the space. In terms of his top picks for 2022 in the space, Sheerin…
Tech Trends in 2022 That Will Change Our World: Deloitte Report
The year 2021 marked a period when global economies began picking up the pieces following the COVID-19 pandemic that left them crippled and ravaged. Notwithstanding the setbacks, the tech sector extended its gains from 2020 and remains poised to go from strength to strength. Here’s a look at the dominant tech themes that could play…
Why Is the Stock Market Open on New Year’s Eve?
New Year’s Eve isn’t a federal holiday, so why are some people surprised they have to work Friday? It’s because New Year’s Day—which is a federal holiday—falls on Saturday this year. When a holiday falls on the weekend, it’s almost always observed depending on which day it lands. If the holiday is on Saturday, it’s observed on the…
Is ContextLogic’s Stock Overvalued or Undervalued?
ContextLogic Inc. shares have lagged the S&P 500 in 2021, generating a year-to-date total return loss of 80.3 percent. ContextLogic’s stock has had a wild ride in 2021, but investors may be wondering whether there’s any value to be found in ContextLogic shares after the sell-off. Earnings A price-to-earnings ratio (PE) is one of the…
Why Are LiveOne Shares Trading Higher Premarket?
LiveOne Inc. entered into a binding Letter of Intent with Trader2B, an existing trading platform, to exclusively license to use and integrate Trader2b’s technology and platform in all music categories. The financial terms of the transaction remain undisclosed. LiveOne looks to gamify its platform and user experience and exclusive option to purchase Trader2b’s business or its…
Read Why Monness Crespi Is Bullish on Amazon
Monness Crespi analyst Brian White notes Amazon.com Inc. shares have trailed this year’s “healthy market rally” after a strong stock performance in 2020, but after having attended AWS re: Invent earlier December 2021, he views that Amazon is “uniquely positioned to exit this crisis as one of the biggest beneficiaries of accelerated digital transformation.” White notes that…
News Corp to Acquire the Base Chemicals Business for $295 Million Cash
News Corp agreed to acquire the Base Chemicals business for $295 million cash from S&P Global Inc. and IHS Markit Ltd. Base Chemicals will become part of Dow Jones’s Professional Information Business, alongside OPIS, the energy and renewables data and information business. The OPIS acquisition (and related assets), also from S&P Global and IHS Markit, was announced in…
Read Why Ascendiant Is Bearish on GameStop
Ascendiant analyst Edward Woo lowered the price target on GameStop Corp. to $23 from $24, implying an 84.9 percent downside, and reiterated a Sell. “Reddit trading” may rally the shares in the near term, but this will likely fade in 2022 as digital threats increase, given the company’s “weak” earnings outlook, Woo tells. Recent reports by video…
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