New CEO To Cut 8,000 Jobs As Heineken Feels Pandemic Effect Via Reuters: Heineken NV plans to cut about 8,000 jobs, the Dutch beer group said on Wednesday, seeking to restore operating margins to pre-pandemic levels after a sharp decline in profit because of coronavirus restrictions. The world’s second-largest brewer, which makes Europe’s top selling lager Heineken as well as Tiger and Sol, said it would save 2 billion euros […]
Bitcoin Powers To New High As Tesla Takes It Mainstream Via Reuters: Bitcoin extended gains on Tuesday to a record high as the afterglow of Tesla Inc’s investment in the cryptocurrency had investors reckoning it would become a mainstream asset class for both corporates and money managers. Bitcoin has more than doubled over two months as institutional investors search for alternative wealth stores and retail traders ride the wave. Monday’s […]
Apple Positioned To Offer Cryptocurrencies: RBC Report Via Reuters: Apple Inc has a “clear opportunity” to offer a buying and selling mechanism for cryptocurrencies, a move that would allow the company to immediately gain market share, according to a research report on Monday from RBC Capital Markets. With its access to world-class software and a secure ecosystem, Apple could tackle the problem individuals face acquiring crypto assets due to know-your-customer […]
Hyundai, Kia Say Apple Car Deal Now Off, See $8.5 Billion Wiped Off Market Value Via Reuters: South Korea’s Hyundai Motor Co said on Monday it is not now in talks with Apple Inc on autonomous electric cars, just a month after it confirmed early-stage talks with the tech giant, sending the automaker’s shares skidding. Wiping $3 billion off its market value, Hyundai’s stock slid 6.2%. Shares in its affiliate […]
GameStop, Clover Health Rise In Early U.S. Pre-Market Trading Via Reuters: Shares of videogame retailer GameStop Corp and insurance company Clover Health rose 3.5% and 4.1%, respectively, in early U.S. pre-market trading on Friday. Clover Health had slumped 12% on Thursday after short-selling specialist Hindenburg Research published a critical report of the Chamath Palihapitiya-backed company. GameStop’s stock has now slumped to about $53 after scaling as high as $483 last […]
World Stock Markets Were Pushing For A Fourth Day Of Gains Via Reuters: World stock markets were pushing for a fourth day of gains on Thursday as a near one-year high in oil prices, a revitalised dollar and rising bond yields refocused attention on inflation and normalising economies. With the WallStreetBets/Reddit retail trading tumult having eased this week, markets were back in their comfort zone of corporate earnings, economic data […]
Nokia Fourth-Quarter Profit, Revenue Beat As CEO Lundmark Revamps Strategy Via Reuters: Finnish telecom network equipment maker Nokia reported better-than-expected fourth-quarter revenue and underlying profits on Thursday, buoyed by strategy revamp by new Chief Executive Officer Pekka Lundmark. Nokia said its October-December revenue fell 5% to 6.57 billion euros ($7.89 billion), beating a consensus figure of 6.42 billion euros, Refinitiv Eikon data showed. Nokia said its October-December underlying earnings fell […]
Regulators To Meet As Brokers Call Time On Reddit-Trader Rollercoaster Via Reuters: Hedge funds, small investors and stockbrokers are bracing for tougher U.S. markets regulation, with officials expected to meet this week to assess the fallout from a social media-driven trading frenzy that has roiled stocks and silver prices. Mass buying by amateur traders over the past two weeks has driven wild price gyrations in companies that big U.S. fund […]
Global Stocks Rise As U.S. Retail Trading Frenzy Comes Under Scrutiny Via Reuters: World shares rose on Wednesday as volatility caused by a retail trading frenzy on Wall Street subsided on expectations of tougher regulation, while optimism about U.S. fiscal stimulus also supported sentiment. The MSCI world equity index was up 0.3% by 0852 GMT, inching closer to its record peak following gains in Asia overnight and a positive open […]
Mike Church offers no-holds barred commentary on the moral & political decay of the modern world but unlike all other hosts, Mike offers solutions to these ills, solutions rooted in the wisdom of the Fathers, founding and Church!
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