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In this article AAPL Halfway through third-quarter earnings season, and there are two key catalysts:  Demand is strong. Cost inflation and supply-chain issues are the main headwind, but companies are learning to navigate through them.  In some cases, supply chain disruption has taken a serious toll. Apple CEO Tim Cook said supply chain issues had cost
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A plunge may be looming for cryptocurrencies, housing and disruptive technology stocks tied to innovation. According to Rich Bernstein, an Institutional Investor Hall of Famer, the nation’s expiring easy money policies and historic supply chain backlogs are posing serious risks for some of the market’s most popular investments. “There’s a whole series of bubbles going
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Puerto Rico’s leaders welcomed Pres. Joe Biden’s Build Back Better Act budget proposal for its inclusion of funding for three programs that would benefit the island. As it stood on Friday, Biden’s $1.85 trillion spending and taxing proposal would introduce the Supplemental Security Income program to provide $1 billion to island residents, would increase the
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Ethereum defi protocol Cream Finance suffered an exploit yesterday that allowed attackers to steal $130 million from its holdings. The news was first revealed by Peckshield, a blockchain analytics company that discovered a flash loan had exploited the platform. This is the third hack the protocol has suffered in its history, being exploited for $36
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This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations.   This week, Wanxiang Blockchain hosted its annual Shanghai Blockchain Week, an event that usually brings together the government, enterprise, academic and degen side
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Starship prototype SN15 returns for a landing on May 5, 2021 after a high-altitude flight test. SpaceX Between Elon Musk’s two largest companies, investors and experts have a long-term favorite. Most “institutional investors and industry experts” surveyed by Morgan Stanley expect SpaceX to become more valuable than Tesla, and see it as a more attractive
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The Build Back Better framework released this morning by President Joe Biden does not include any of the municipal market’s top priorities. Included in an original reconciliation bill but dropped from the newly-released framework are: the restoration of tax-exempt advance refundings; a direct-pay bond program; an expansion of the eligible uses of private activity bonds;
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Municipals were stronger on the backs of a U.S. Treasury rally but underperformed the movements there, pushing ratios on the 10-year near 80% and the 30-year close to 90%. Triple-A benchmark scales were bumped two to three basis points on bonds outside nine-years while the 10-year UST fell seven basis points and the 30-year fell
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Royal Dutch Shell is under pressure to break itself up after the activist hedge fund Third Point built a large stake and accused the oil supermajor of being bogged down by an incoherent strategy. Third Point, which is led by Daniel Loeb, urged Shell to split itself into “multiple standalone companies”, including a “legacy” arm
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