Day: June 18, 2021

And while some of the investors continue to wait for the Federal Reserve’s policy meeting to conclude, most were driven by the new print which caused the market to take another dip. The US Federal Reserve started a 2-day policy meeting to discuss the June monetary policy which is being anticipated by most investors as this will give them an idea when the banks will roll-back the current interest rates. They are also expecting that the Feds discuss the tapering of the current asset purchase program which is at $120 billion a month. Still, the market’s performance for the past few sessions showed that they’ve manage to shake off the fear for an increase in the interest rates. Fresh record highs were recorded a day prior which reflects resurgence on the tech stocks as well as the positive movement on the market. Today, however, was affected...

The US stocks went all out on the last part of the session with majority setting new records with the support of the data about corporate profits and improving economic activity, along with the monetary and fiscal policy market backing up the movement. The Federal Reserve finally shown indicators that changes are needed, implying that adjustments are to be done on the current asset purchase program which is at $120 billion per month. They wanted to create an opportunity to affect further progress in their goal which is price stability and maximum employment before pulling back to standard levels, which makes traders and investors wonder on what kind of changes would actually fit this requirement. The labor market report shows that there are 7 million vacant positions to be filled up to match pre-pandemic levels even though the US economy...

Their headquarters is located in San Francisco, California and caters to almost anywhere in U.S. It is currently considered as one of the most performing companies, showing gains of 262% for investors since 2019. The RUN stocks reached its record high last January 8th of this year, amounting to $96.50 a piece, which shows tremendous growth compared to January 2020’s which was only about $14. Currently, stocks are showing a huge dip at $44.96, which reflects a drop of more than 50% in price, which started gradually after the stock hit the record levels. One thing that is causing the traders to react this way is due to the structure of the company itself, in which the company heavily relies on the interest rates of the current market since what they offer is a long-term contract. Studies show that a minor increase, as low as 1%, can change...

Investors continue to dilly dally as they digest mixed data on economic recovery of the U.S. plus the meme stocks that suddenly resurged a few days ago. The labour department are still trying to get past the warming up phase as they continue to try and fill out the positions needed to get settings back to pre-pandemic levels. The S&P 500 hovered close to record level intraday only to miss and drop to negative, along with NASDAQ which performed well and mostly gaining intraday then suddenly dropped. The Dow, on the other hand, lost more than 150 points after market wrapped. On the positive side of things, a stock rally fuelled by social media happened within the session, giving another boost to meme stocks as well as the relatively newer stocks such as WEN (Wendy’s food chain), WISH (e-commerce company), AMC (AMC Entertainment shares),...

Employers are currently doing the best they can to find more qualified workers to fill the currently empty positions created by the post-pandemic recovery. The report states that job openings soared to more than 9 million in April, the highest recorded. Even small business showed that they have open positions that needs to be filled, which was reflected on a survey last month showing 48% of small businesses that participated all had positions to fill. Investors are currently laying low due to the signals from different sources about the possible outcome regarding the monetary and fiscal policies, if they will be changed or they will retain the set up for the time being. The possible impact of such changes made any investor think twice before making large movements, thus traders adopted to waiting else be swept by sudden recon. There’s...

Frankfurt, Germany – Zen Invest has recently published a new Whitebox Review of the roboadvisor. The review goes into details on the roboadvisor offering, which is available to residents of Germany who are looking to start investing and growing their wealth. Whitebox are a leading roboadvisor and asset management platform serving customers in Germany and have been established since 2014. The account opening process was regarded as ‘simple and straight forward’ in the Zen Invest review. Whitebox have been rated as ‘Best Customer Onboarding’ in the Whitebox review due to the quick and easy registration process, account setup and ease of use within the account. The review was able to show the complete account opening process with Whitebox, step-by-step, from the homepage all the way through to viewing a live account. This unique approach...

LONDON, June 18, 2021 (GLOBE NEWSWIRE) — Ferroglobe PLC (NASDAQ: GSM) (the “Company”) is pleased to announce that on June 18, 2021 it entered into an Equity Purchase Agreement with Rubric Capital Management LP (“Rubric”), on behalf of certain managed or sub-managed funds and accounts and Grupo Villar Mir, S.A.U. (“GVM”) relating to the sale of 7,803,791 ordinary shares to Rubric and 1,114,827 ordinary shares to GVM (collectively, the “Shares”) at an issue price of $4.485 per Share, which would result in aggregate gross proceeds of $40 million. The issue price per Share represents a 15% discount to the last reported closing price, $5.29, of our ordinary shares on the Nasdaq Capital Market on June 17, 2021. The Shares are expected to be issued on the transaction effective date for the transactions set forth under the lock-up agreement...

UPM-Kymmene Corporation        Managers’ Transactions                18 June 2021 at 11:00 EEST Correction: UPM-Kymmene Corporation: Managers’ Transactions (Wahlroos) Technical correction: The unit price in UPM’s managers’ transaction release on 10 June 2021 was “USD”. The correct unit price is “PCT”. The corrected release is as follows: UPM-Kymmene Corporation has on 10 June 2021 received the following notification: Person subject to the notification requirementName: Tetrao SAPosition: Closely associated person(X) Legal person (1):Person Discharging Managerial Responsibilities In IssuerName: Wahlroos, BjörnPosition: Chair of the Board Issuer: UPM-Kymmene CorporationLEI: 213800EC6PW5VU4J9U64Notification type: AMENDMENTAmendment comment: Technical correction to the unit price. ____________________________________________ Transaction...

Press Release Nokia and KDDI trial Japan’s first liquid cooling innovation to promote sustainabilityNokia’s unique Liquid Cooling baseband solution cuts cooling energy consumption by more than 70 percent compared to traditional air conditioning systems KDDI will also trial the Nokia AVA solution which applies artificial intelligence to minimize energy consumption across the network Liquid-cooled AirScale Baseband and AVA for energy efficiency solutions are another milestone in Nokia’s commitment to sustainability and combatting climate change18 June 2021 Espoo, Finland – Nokia today announced that it is conducting a trial using its unique Liquid Cooling AirScale Baseband solution with Japanese mobile operator, KDDI. The trial will demonstrate how KDDI can reduce its baseband cooling system energy consumption by more than 70...

Juris Bundulis has been elected as a Chairperson of the Supervisory Council of JSC Olainfarm and Sandis Petrovičs has been elected as a Deputy Chairperson. Supplementing previously published information about members of JSC Olainfarm Supervisory Council it is disclosed that Irina Maligina indirectly owns 1 097 051 shares of JSC Olainfarm. The Supervisory Council of JSC Olainfarm approved Janis Leimanis as a Member of the Management Board. Board members Elena Bushberg, Signe Baldere-Sildedze and Raimonds Terentjevs continue to fulfil their duties at the Management Board of JSC Olainfarm. Since 2020 Jānis Leimanis is a Member of the Supervisory Board of Latvijas Valsts Radio un Televīzijas Centrs and Rīgas Namu Pārvaldnieks Ltd. Since 2004 Member of the Management Board of JL Index Ltd, Private Ltd, responsible for business development...