Venita Fair
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Reported by the AFR, the AUD to USD conversion has fallen by 5.4% since the beginning of this year.
The drop in the AUD could be due to dampening hopes of Fed Reserve rate cuts and tensions in other countries. However, when this AFR article was published Carol Wong, an economist at Commonwealth Bank of Australia, suggested that if today's Chinese GDP data comes in positive, AUD/USD may experience some temporary relief.
Since then, China's GDP data ha...
The drop in the AUD could be due to dampening hopes of Fed Reserve rate cuts and tensions in other countries. However, when this AFR article was published Carol Wong, an economist at Commonwealth Bank of Australia, suggested that if today's Chinese GDP data comes in positive, AUD/USD may experience some temporary relief.
Since then, China's GDP data ha...
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Venita Fair
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$PG&E Corp(PCG.US$ Green names are very overvalued like most things. Electricity prices are very high too, in most places. Green energy is inflationary. China and a few others broke some coal production records too. Balance is necessary.
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Venita Fair
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$Salesforce(CRM.US$ Cannot stand the CEO- paid 27 billion for slack- which contributed 270 million in revenue- ? This last quarter?
I think most customers of CRM would rather do business elsewhere.
I think most customers of CRM would rather do business elsewhere.
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Venita Fair
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$Microsoft(MSFT.US$ There’s a Long term capital gains tax of 7% for income over $1M starting Jan1, 2022 so he is clearing his plate ahead of time to avoid paying this tax. Expect more executives in WA state to do this in 2021.
https://dor.wa.gov/taxes-rates/other-taxes/capital-gains-tax
https://dor.wa.gov/taxes-rates/other-taxes/capital-gains-tax
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Venita Fair
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$Bitcoin(BTC.CC$ Fidelity Investments is launching a Spot Bitcoin ETF in Canada, as the U.S. based firm is not waiting around for the Securities Exchange Commission to approve a decision in the United States.
Fidelity's ETF is called the $FIDELITY ADVANTAGE BITCOIN ETF UNIT SER L CAD(FBTC.CA$, and it will directly obtain physical Bitcoin. Meaning the fund will buy actual Bitcoin rather than acquire it through a derivative instrument.
Fidelity's move just adds more fuel to the fire as one of America's largest asset managers with over $4T AUM is forced to create a product in Canada to meet their client's demands. At the same time, regulators in its own country still weigh their options on whether or not to approve a Spot Bitcoin ETF.
The new fund will also be actively managed.
Bitcoin price action: -1.4% on Tuesday and +98.1% year-to-date.
Canada is not the only country that has approved a Spot Bitcoin exchange traded fund. Recently Singapore joined the list as it now offers investors exposure to a Spot Bitcoin ETF.
Fidelity's ETF is called the $FIDELITY ADVANTAGE BITCOIN ETF UNIT SER L CAD(FBTC.CA$, and it will directly obtain physical Bitcoin. Meaning the fund will buy actual Bitcoin rather than acquire it through a derivative instrument.
Fidelity's move just adds more fuel to the fire as one of America's largest asset managers with over $4T AUM is forced to create a product in Canada to meet their client's demands. At the same time, regulators in its own country still weigh their options on whether or not to approve a Spot Bitcoin ETF.
The new fund will also be actively managed.
Bitcoin price action: -1.4% on Tuesday and +98.1% year-to-date.
Canada is not the only country that has approved a Spot Bitcoin exchange traded fund. Recently Singapore joined the list as it now offers investors exposure to a Spot Bitcoin ETF.
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Venita Fair
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$DiDi Global (Delisted)(DIDI.US$ Chinese regulators have asked top executives at DiDi Global to devise a plan to delist from U.S. stock exchanges.
The Cyberspace Administration of China, the agency responsible for data security in the country, has directed DiDi to work out precise details of taking the company off the New York Stock Exchange because of concerns about leakage of sensitive data, according to the report.
Proposals under consideration include a straight privatization or a share float in Hong Kong followed by a delisting from the U.S., Bloomberg says.
Didi moved ahead with its NYSE offering this summer despite requests from Chinese regulators that it ensure the security of its data, sparking threats of severe penalties.
The Cyberspace Administration of China, the agency responsible for data security in the country, has directed DiDi to work out precise details of taking the company off the New York Stock Exchange because of concerns about leakage of sensitive data, according to the report.
Proposals under consideration include a straight privatization or a share float in Hong Kong followed by a delisting from the U.S., Bloomberg says.
Didi moved ahead with its NYSE offering this summer despite requests from Chinese regulators that it ensure the security of its data, sparking threats of severe penalties.
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Venita Fair
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$Sono Group(SEV.US$ The IPO is a complete scam. Covering the entire surface of a car with solar panels would produce a few hundred w/hr, which means it would take weeks to charge the car. It is orders of magnitude less energy than required for mobility.
If it gets a dad cat bounce, short it
If it gets a dad cat bounce, short it
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$Boeing(BA.US$ slowly. It goes down too