Investing News

Daimler AG (DMLRY) is a multinational automotive corporation headquartered in Stuttgart, Baden-Wurttemberg, Germany. The company was formed in 1926 with the merger of Benz & Cie and Daimler Motoren Gesellschaft. Today, the automaker is one of the world’s largest producers of luxury cars and is the biggest manufacturer of commercial vehicles. Daimler has roughly 300,000
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A rainmaker is any person who brings clients, money, business, or even intangible prestige to an organization based solely on his or her associations and contacts. The rainmaker is usually regarded highly within the company by other employees and is a key figure like a principal, partner, or executive. The term is sometimes used in
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In financial terms, passive income describes money that a one-time investment continually generates, without requiring the investor to monitor or adjust their holdings. The passive investing strategies below warrant a closer look. 1. Real Estate Despite fluctuations over the recent years, real estate persists as a preferred choice for investors looking to generate long-term returns.
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A GameStop store is pictured in New York, January 29, 2021. Carlo AllegriI | Reuters GameStop shares climbed after the videogame retailer said it sold five million additional shares, raising $1.13 billion in capital to accelerate growth. The original Reddit favorite meme stock jumped 9% in premarket trading on Tuesday after the company announced the
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Crypto investor Mike Novogratz told CNBC on Tuesday that bitcoin faces near-term uncertainty after falling below $30,000, but he maintained a long-term positive outlook. Bitcoin has struggled in the past two months, after notching an all-time high in April near $65,000. The weakness in recent days comes as reports indicated China took further steps to
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The U.S. Department of Labor’s unemployment insurance (UI) program provides cash benefits to eligible workers who become unemployed through no fault of their own. The program is administered by individual states, but the law itself is a federal one. Benefits, which are funded by payroll taxes, are paid weekly by individual state governments to those
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SpaceX President and COO Gwynne Shotwell Jay Westcott / NASA SpaceX president Gwynne Shotwell returned to her alma mater on Monday and delivered Northwestern University’s commencement address to the class of 2021. Speaking virtually, Shotwell gave Northwestern’s students an overview of her career, especially focusing on the nearly two decades that she’s worked for Elon
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Hunter Horsley, CEO of Bitwise Asset Management and executives celebrate the launch of an ETF at the New York Stock Exchange, June 1, 2021. Source: NYSE Henry Kravis, Stanley Druckenmiller and Bridgewater CEO David McCormick have invested in Bitwise Asset Management’s Series B funding. The cryptocurrency index fund manager raised $70 million from a handful
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CNBC’s Jim Cramer on Tuesday warned about the stock market implications of Federal Reserve Chairman Jerome Powell‘s upcoming post-meeting news conference. The Fed is set to release its policy statement at 2 p.m. ET on Wednesday, at the conclusion of its two-day June gathering. Powell’s Q&A session with reporters is scheduled to follow. Powell’s comments
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Damien Vanderwilt, co-president of Galaxy Digital, Mike Novogratz founder of Galaxy, and Chris Ferraro, co-president of Galaxy Source: Galaxy Digital Goldman Sachs‘s efforts to help hedge funds and other big institutional clients wager on bitcoin have taken a step forward. The bank has begun trading bitcoin futures with Galaxy Digital, the crypto investment firm founded
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Starship prototype SN8 flies above Boca Chica, Texas. SpaceX The leader of the Federal Aviation Administration’s space office defended Elon Musk’s SpaceX in front of Congress, despite the company launching a Starship prototype in December without authorization. The House Transportation and Infrastructure Committee held a hearing Wednesday on the FAA’s role in spaceflight, with the
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In the oil and gas sector, proven reserves have a reasonable certainty of being recovered, while unproven reserves have a decreased level of certainty in being recovered. Recoverable oil reserves are the amount of oil that can reasonably be recovered given current technical and economic conditions. Reserves have specific classifications related to the degree of
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Calculating the equity risk premium for a security using Microsoft Excel is rather straightforward. Before entering anything into the spreadsheet, find the expected rate of return for the security and a relevant risk-free rate in the market. Once those numbers are known, enter a formula that subtracts the risk-free value from the expected value. By
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Economic capital (EC) refers to the amount of risk capital that a bank estimates it will need in order to remain solvent at a given confidence level and time horizon. Regulatory capital (RC), on the other hand, reflects the amount of capital that a bank needs, given regulatory guidance and rules. This article, in addition
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