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The telecommunication services sector is also witnessing consolidation amid the M&A spree. Verizon Communications VZ agreed to acquire prepaid wireless service provider TracFone from America Movil AMX for as much as $6.9 billion. The move comes as the largest U.S. wireless c

Sports betting has been gaining immense popularity globally following the legalization of gambling in the United States by the Supreme Court in 2018. About 22 states have legalized sports betting in the United States and more working toward it.The U.S. sports betting market is e

The merger & acquisition activity has heated up this week with a flurry of deals. In the biotech space, Gilead Sciences GILD has agreed to buy cancer treatments’ specialist Immunomedics IMMU for $21 billion. The deal, if approved, would be Gilead’s largest acquisition ev

Prices of U.S. soybean futures have been on a tear lately and increased to their highest levels since 2018 after the U.S. Department of Agriculture said that China bought 664,000 tons, the largest daily total since Jul 22, as quoted on CNBC. China’s move ensures the success of

Investors take a sigh of relief as AstraZeneca (AZN) has resumed its late-stage studies on its coronavirus vaccine candidate, AZD1222, which is being developed in partnership with Oxford University. AstraZeneca had recently put a hold on global trials, including the late-stage t

ByteDance, TikTok’s Chinese owner, has selected Oracle ORCL to be its technology partner in the United States. Notably, Oracle is expected to assume management of TikTok’s U.S. user data, per a Reuters article. Moreover, the software giant is negotiating to acquire a stake i

U.S. stocks were super steady in August as investors rotated into the beaten-down segments of the year — cyclicals. However, last week’s selloff cast doubts over the rally in stocks. Nine drug companies pledged that they will not submit vaccine candidates for FDA review unti

Last week was extremely volatile for Wall Street with the S&P 500, the Dow Jones and the Nasdaq losing about 2.5%, 1.7% and 4.1%, respectively.  There were two primary reasons that triggered the mayhem. One was overvaluation in high-flying tech stocks (which resulted in pro

The semiconductor space is witnessing consolidation. Notably, Nvidia NVDA agreed to acquire UK-based chip designer Arm Ltd from Japan's SoftBank Group Corp for as much as $40 billion after weeks of speculation. It will represent the biggest acquisition in the history of the semi

Both bull and bear ETFs are showing immense potential as abrupt changes in sentiments have raised the appeal for these products. A bull ETF makes money in an upward market while a bear ETF gains when the market goes down. These products create a long/short position with a levera

Wall Street saw a wild swing last week with the U.S. stocks posting the second consecutive weekly loss. The Nasdaq Composite Index underperformed, shedding 4.1% last week while the S&P 500 and Dow Jones industrial Average lost 2.5% and 1.7%, respectively (read: Bypass the Ma

Last week was extremely volatile for Wall Street with the S&P 500, the Dow Jones and the Nasdaq losing about 2.5%, 1.7% and 4.1%, respectively.  The mayhem was mainly triggered by overvaluation in high-flying tech stocks (which resulted in profit booking) and the likelihood

In the last trading session, U.S. stocks were mixed. Among the top ETFs, SPY gain 0.1%, DIA was up 0.5%, and QQQ moved 0.7% lower on the day.

In late August, as the Nasdaq-100 and QQQ continue to make all-time highs, one large trader seems to be preparing for a retracement of 2020’s big move.

The industrial sector, which took a hit from the disruption of global supply chains and the shutdown of factories, is expected to rebound as the economy reopens and the economic outlook improves. Moreover, the third quarter has witnessed U.S. manufacturing activity rising to a n

After a day’s respite on Sep 9, the Wall Street is again witnessing mayhem due to tech selloffs. Dow Jones Industrial Average saw a 1.5% decline on Sep 10. Moreover, the S&P 500 lost 1.8% and the Nasdaq Composite was down 2% on the same day. This downturn, induced by the s

After flexing its muscle for most part of this year on the back of safe-haven demand, gold has been on a downhill ride in recent weeks. Overvaluation concerns and a recent spike in the U.S. dollar caused the correction in gold prices past month. Gold bullion ETF SPDR Gold Shares

The European Central Bank left its monetary policy unchanged on Sep 10. The ECB kept its main refinancing rate unchanged at zero percent and pledged to buy up to €1.35 trillion worth of debt through June 2021 under its Pandemic Emergency Purchase Programme. The interest rates

After an astounding rally in the past five months, the stock market volatility returned with a sharp selloff in tech stocks due to overvaluation concerns. The lack of progress in an additional fiscal stimulus bill in Washington, delay in the late-stage trial of the leading COVID