Author: Daniel snow
The Senate’s tax-and-spending bill gives a boost to nuclear power stocks, but knocks down shares of solar companies. Source link
Google on Monday announced a partnership with Commonwealth Fusion Systems, or CFS, a private company spun off from the Massachusetts Institute of Technology, which marks the tech giant’s first commercial commitment to fusion.The company unveiled plans to buy 200 megawatts of clean fusion power from what CFS describes as the world’s first grid-scale fusion power plant, known as ARC, based in Chesterfield County, Virginia.ARC is expected to come online and generate 400 megawatts of clean, zero-carbon power in the early 2030s, which is enough energy to power large industrial sites or roughly 150,000 homes, according to CFS. The agreement also…
Bond yields and U.S. dollar to continue moving lower: JPM Source link
JPMorgan’s Kenneth Worthington says the stablecoin issuer’s stock valuation has been “pushed outside our comfort zone,” so he recommends that investors sell. Source link
Janine Kraft, store manager of the Tante Enso store in Wörlitz, Germany, sorts goods onto the shelves.Picture Alliance | Picture Alliance | Getty ImagesGermany’s annual inflation rate unexpectedly eased to 2% in June, bringing Europe’s largest economy in line with the European Central Bank’s target, preliminary data from statistics office Destatis showed Monday.Analysts polled by Reuters had expected a reading of 2.2% in the twelve months to June.The German print is harmonized across the euro zone, allowing for a direct comparison with other single currency states. The consumer price index had eased to 2.1% in the year to May.Elsewhere in…
Tom LeeAdam Jeffery | CNBC Fundstrat’s Tom Lee is joining a little known bitcoin miner aiming to become the biggest publicly traded holder of ether.Lee, a high-profile market strategist known for his prescient bitcoin price forecasts and stock predictions, has been appointed chairman of the board of directors of BitMine Immersion Technologies, effective Monday. The company also announced a $250 million private placement to implement a buying strategy around ether, which it aims to make its primary treasury reserve asset while continuing with its core bitcoin mining business.Lee’s appointment comes amid a groundswell of interest around stablecoins following the successful…
Financial advisers and other investment professionals must become more savvy about cybercrime. Source link
U.S. companies could see their regulatory burden get lighter — but the stock market hasn’t yet priced this in. Source link
The gold-platinum ratio has plunged. If this market-timing indicator is correct, stock prices will follow. Source link
With a simple menu and company-owned restaurants, Raising Cane’s has quietly surpassed KFC in annual U.S. sales, becoming the third-largest chicken chain in the country.The accomplishment follows a recent winning streak for the 28-year-old company, which has spent the last decade expanding outside its home bases in Louisiana and Texas. Its restaurant footprint has grown to more than 900 locations, up from just over 500 in 2020. Last year, it opened 118 restaurants. About 100 are expected to open this year, with another 200 or so in the development pipeline.Cane’s told CNBC that its system sales rose to $5.1 billion…