Content
OPEC+ Meeting Brings Deeper Saudi Cuts
Article By:
ING Economics
Read
Monday, June 5, 2023 9:24 AM EDT
It hasn't been an easy OPEC+ meeting for members. The group failed to come to an agreement on deeper cuts, but production targets have been set for 2024 and voluntary cuts were extended. The Saudis have also decided to make further voluntary cuts.
JPMorgan To Work With Indian Banks On Blockchain-Based USD Settlement Platform
Article By:
The Tokenist
Read
Monday, June 5, 2023 9:10 AM EDT
JPMorgan has formed a partnership with six banks in India to develop a blockchain-based settlement system to facilitate interbank dollar transactions.
In this article: JPM
Bitcoin Miners Generated $916.6M In May
Article By:
Invezz
Read
Sunday, June 4, 2023 7:12 AM EDT
While the cryptocurrency market saw the usual ups and downs in May, Bitcoin mining computers enjoyed a substantial earnings uptick over the past month. A 13.7% earnings surge saw these miners generating $916.6 million in revenue.
In this article: BITCOMP
Jobs: The Household Survey Tells A Different Story
Article By:
SchiffGold
Read
Sunday, June 4, 2023 6:29 AM EDT
The BLS reported that a whopping 339k jobs were added in May. This crushed median estimates of 190k jobs added. The Household Survey tells a very different story though, reporting a loss of 310k.
Marathon Digital Reports It Has Mined A Record 1,245 BTC In May
Article By:
The Tokenist
Read
Sunday, June 4, 2023 5:53 AM EDT
After producing a record 1,245 Bitcoin May, Marathon’s unrestricted BTC holdings now stand at 12,259.
In this article: BITCOMP
This Junior Solar Developer Just Landed A Mega Sale
Article By:
Keith Schaefer
Read
Saturday, June 3, 2023 2:40 PM EDT
I see solar as the big energy play of 2023. Junior solar developers are often rather cheap, but not because of cash flow multiples. Multiples are much higher than what is seen with oil & gas. But the take-out value of solar projects is huge.
Week In Review: Betta Pharma Enters $392 Million Deal For C4 Therapeutics’ NSCLC Drug
Article By:
ChinaBio® Today
Read
Saturday, June 3, 2023 1:00 PM EDT
Hangzhou Betta Pharma acquired greater China rights for a novel non-small cell lung cancer drug from Boston’s C4 Therapeutics in a deal worth up to $392 million. Additionally, Lynk Pharma of Hangzhou raised $28 million in a Series C1 financing.
Airline Stock Roundup: American Airlines' Bullish Q2 Forecast, Allegiant's Labor Deal & More
Article By:
Zacks Investment Research
Read
Friday, June 2, 2023 1:45 PM EDT
In the past week, American Airlines’ management lifted its earnings per share forecast for second-quarter 2023. Allegiant Travel Company was also in the news, courtesy of the ratification of the deal with the International Brotherhood of Teamsters.
Pricing Dilemma: Surcharge Vs. Price Increase - Which Approach Wins Over Customers?
Article By:
Bill Conerly
Read
Thursday, June 1, 2023 8:15 AM EDT
Surcharge or price increase? When a company needs to cover higher costs, which method is better for customer relations? Transparency must be first priority.
The Masses Remain Very Wrong
Article By:
Paul Schatz
Read
Thursday, June 1, 2023 4:08 AM EDT
Two days ago, I argued that selling the rally post-debt ceiling agreement was the right strategy. After all, stocks had rallied sharply into the announcement and the underpinnings have not been super solid.
Higher Corporate Profit Margins Aren't Causing Inflation
Article By:
Mises Institute
Read
Wednesday, May 31, 2023 8:40 AM EDT
It is hard to ignore the headlines about US corporate profits stabilizing at their highest level in decades. This has provided plenty of ammunition for populist commentators and politicians who blame corporate greed for the sharp increase in prices.
A Rising Tide Of Chapter 11 Bankruptcy Filings
Article By:
Ironman
Read
Wednesday, May 31, 2023 7:29 AM EDT
Bankruptcies are on the rise in the U.S. but the big, unanswered questions are when will the current rising tide of commercial Chapter 11 bankruptcies peak before beginning to recede, and how high will the number of filings get before it does?
This Consolidating Industry Creates Huge Incomes For Investors
Article By:
Tim Plaehn
Read
Monday, May 29, 2023 9:03 AM EDT
There is a business sector in which the number of publicly traded companies has shrunk by two-thirds over the past decade. This sector provides absolutely essential services to keep the economy running.
Cardano Has A Meme Coin Now, And It’s Up 425% Over Two Weeks
Article By:
The Tokenist
Read
Monday, May 29, 2023 8:26 AM EDT
Earlier this month, the first-ever meme coin launched on the Cardano chain, called Snek. Immediately after the launch, Snek saw significant interest from the Cardano community and surged over 425% in just two weeks.
Chevron’s Financial Discipline
Article By:
Robert Rapier
Read
Monday, May 29, 2023 7:02 AM EDT
On May 22, 2023, Chevron announced that it had entered into a definitive agreement with PDC Energy, Inc. Chevron will acquire all of the outstanding shares of PDC in an all-stock transaction valued at $6.3 billion, or $72 per share.
Are Cryptocurrencies Securities?
Article By:
Chris Skinner
Read
Monday, May 29, 2023 5:55 AM EDT
There is a huge debate around whether cryptocurrencies are securities or not. Should they be regulated by the Securities and Exchange Commission or not? This has come to a head recently, as the SEC decided to tackle Ripple and Coinbase as deviants.