Chip firm Advanced Micro Devices Inc. agreed to acquire about $2.1 billion of silicon wafers from GlobalFoundries Inc. from 2022 through 2025. Previously, AMD agreed to buy $1.6 billion worth of chips between 2022 and 2024. AMD spun off its chip factory operations in 2009, leading to GlobalFoundries, and has supplied AMD since then, Reuters reports. However, GlobalFoundries in…
Global Equity Funds See Big Inflows as Risk Appetite Rebounds
Global equity funds saw massive inflows as risk sentiment returned with investors believing that the Omicron variant won’t bring a big setback to the world economy next year. According to Refinitiv data, investors purchased $33 billion worth of global equity funds in the week ending Dec. 22, compared with an outflow of $13.1 billion in…
What Are Citi’s Top Telecom, Networking Picks for 2022?
Citi analyst Jim Suva named Keysight Technologies Inc., followed by Motorola Solutions Inc., and Ciena Corp., as his top telecom and networking picks for 2022. Keysight should benefit from semi-cap equipment, new buildouts, edge computing, and new automotive electronic complexity growth, Suva notes. Keysight is a leader in testing and measurement, helping electronics OEMs and suppliers alike bring products…
Is Carnival’s Stock Overvalued or Undervalued?
Carnival Corp. shares have lagged the S&P 500 in 2021, generating a year-to-date total return loss of 5.1 percent. Carnival stock has had a wild ride since the 2020 shutdowns, but investors may be wondering whether there’s any value in Carnival shares after its 2021 pullback. Earnings A price-to-earnings ratio (PE) is one of the…
Business Chart of the Day: Range Forming in the SPY
Some traders love trading ranges. And the SPDR S&P 500 ETF Trust may be forming one. A stock is in a trading range when there is clear resistance at the top of the range and clears support at the bottom. Traders profit by selling close to the top and buying close to the bottom. Resistance…
Triller Merging With SeaChange International: What Investors Should Know
A rumored merger between Triller and publicly traded SeaChange International was confirmed Wednesday morning. Here are the details for investors. What Happened Triller Hold Co. announced a reverse merger with SeaChange, which values the combined company at $5 billion. The merger is expected to close in the first quarter of 2022. SeaChange will become an operating unit inside…
US Fights Bail for Russian Businessman Accused of Insider Trading Through Hacking
December 23, 2021
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Business & EconomyEuropeInternationalInvestmentMarketsNational SecurityRussiaRussian businessmanUSUS NewsVladislav KlyushinWorld
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BOSTON—A U.S. prosecutor on Wednesday argued a Russian businessman accused of insider trading using hacked corporate information could use his wealth and Kremlin connections to flee the United States if he was granted bail. Vladislav Klyushin, an owner of an information technology company with ties to the Russian government, had sought to be released from…
Portugal Tops List of Global Retirement Destinations
Florida, North Carolina, and Arizona move over. For the eighth year in a row, Portugal has ranked number one for global retirement destinations for residents of the United States and abroad. Live and Invest Overseas, an international publishing firm based in Panama City has just revealed its “World’s Top 15 Retirement Destinations for 2022,” and…
Housing Unaffordability: Feds Try to Increase Supply Without Cooling Demand
December 22, 2021
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Business & EconomyCanadaeconomic policiesGlobal Real Estatehousing affordabilityhousing supplyInvestmentmortgage stress testreal estateWorld
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Housing affordability in Canada is as bad as it’s been in over 30 years despite being a longstanding priority for Ottawa.
Wood’s Flagship ARK Fund Deep in the Red, yet Investors Stay Loyal
NEW YORK—One year after her Ark Innovation ETF than doubled and made her a household name, star stock picker Cathie Wood is poised to join a small club that no one aspires to be a part of: portfolio managers who have seen their funds go from first to worst in the span of 12 months….
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