May 12, · Bitcoin experienced an uptrend after shooting above six thousand dollars ($6,). Some analysists are claiming that the rally is a result of the United States trade war with China. The currency is currently trading on The president of the United States (POTUS), Donald Trump has recently declared a trade war with China. May 12, · A potential worsening of the US-China trade war and subsequent cold war would have many unforeseen consequences. Yet, packed within the effects are both some downside risks for cryptocurrencies and Bitcoin as well as some surprising and strong upside factors. May 15, · There is a theory circulating in the cryptocurrency industry that the escalation of the US-China trade war has caused the Bitcoin price to spike. For instance, the theory was put forward by DigitalX CEO Leigh Travers who believes the spike may be caused by Chinese wealth being pumped into Bitcoin as a ‘safe haven’ due to the current financial insecurity issues between the countries.
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The semiconductor and software manufacturer is benefiting from the use of its microchips in various 5G wireless technologies and platforms. In particular, Qualcomm chips are being inserted into a growing number of 5G Android cell phones.
And analysts see big things ahead for the stock. Morgan Stanley named Qualcomm as one of 10 stocks best positioned to benefit from the global 5G roll out. Given the continued roll out and adoption of 5G networks and technologies around the world, the coming year looks very bright for Qualcomm and its shareholders.
This is the time for companies such as UPS to shine, and the Atlanta, Georgia-based company is doing just that. UPS is ramping up its operations and working double time to meet unprecedented demand and help all of us get through the global pandemic. Heading into , UPS has momentum on its side. The company saw strong gains in its third quarter earnings. While UPS declined to provide forward guidance on its earnings, the company has aggressively expanded its North American operations throughout The company has also hired more than 5, employees amid the pandemic.
As such, the company shows no signs of slowing down heading into the New Year. Joel Baglole has been a business journalist for 20 years. American and Canadian governments provide many of the same types of services for those in retirement, but the subtle differences between the two countries are worth noting.
What's next? Bitcoin and its strong performance has been one of the biggest investing stories of Investors continue to pour more money into cryptocurrency. Here's how well bitcoin performed in Bitcoin Performance: Bitcoin has surged in price and hit all-time highs in December. Related Link: 8 Stocks To Play Bitcoin's ResurgenceStock Performance: Many of the stocks associated with bitcoin have surged in , including miners and cryptocurrency trading platforms.
Benzinga does not provide investment advice. All rights reserved. Nouriel Roubini, aka Dr. Doom, slams Bitcoin and other cryptocurrencies as being driven by manipulation.
The gain is twice the advance of the next best performer on the gauge. Space Exploration Technologies Corp. A listing would give investors a chance to buy into one of the most promising operations within the closely held company. Investors have to this point had limited ways to own a piece of SpaceX, which has become one of the most richly valued venture-backed companies in the U.
In addition to a contract from NASA for a version of its next-generation Starship spacecraft that can land astronauts on the moon in , SpaceX also has an agreement with a Japanese entrepreneur for a private flight around the moon in And it will be ready to launch its first Starship flight to Mars in , Musk said earlier this month. For more articles like this, please visit us at bloomberg.
Beijing is targeting the e-commerce giant and its co-founder. Regulators are likely to go after other companies too. These are the top dividend stocks in the Russell with the highest forward dividend yield for January. A series of events — allegations of fraud committed by founder Trevor Milton, his subsequent resignation, a severely underwhelming deal with General Motors — have sent investors to the exit gates. Now it looks like even the trash wants nothing to do with Nikola.
On Wednesday, the company announced that its plan to design and build BEV garbage refuse trucks for waste collection company Republic Services has collapsed. The company has cited that the cost to build the trucks would be higher than expected and would take too long, after both sides concluded that building the refuse truck using the Nikola Tre as its base would not work. Disclaimer: The opinions expressed in this article are solely those of the featured analyst.
The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment. Since then, its stock has taken a remarkable rise. Why is a bit of a mystery. Tech stocks along with banks, aerospace, retail, and many other sectors have all had "their day in the sun" and now is the time for investors to pay closer attention to a "dream market" of alternative fuel companies, according to Jim Cramer.
EV Play: Self-driving electric vehicles won't be possible without companies that manufacture the technology that powers the cars. EV cars will need access to charging stations. Why The Interest: These "alternative energy-adjacent companies" boast expertise in unique technologies that used to be "too expensive" but have now become a lot cheaper to produce, Cramer said. The group is also benefiting from a potential catalyst from a Joe Biden administration that will be more supportive of alternative energy, Cramer said.
Bitcoin had an impressive year in , assuming there is no year-end meltdown. What Happened: On Wednesday, Inovio published a paper including Phase 1 data on INO, which was found to have been immunogenic in all test subjects. In addition, Phase 1 testing generated no serious adverse safety events and only six Grade I adverse events, which were mostly minor injection site reactions. Yet Moderna's vaccine must be stored and transported at temperatures of negative 20 Celsius, and Pfizer's vaccine must be stored and transported at temperatures of negative 70 Celsius, colder than winter temperatures in Antarctica.
INO, on the other hand, is stable at room temperature for more than one year. It also doesn't need to be frozen during transporter storage, potentially making it faster and more cost-effective to distribute.
Benzinga's Take: Assuming it is as effective and safe as competing vaccines, Inovio's candidate could ultimately end up being the standard-bearer for COVID and future coronavirus vaccine variants. Finally, a chance that the lockdown and social distancing regimes truly are going to end, and in the near-term. There is a real chance that, by the end of a , John Q. Public may be getting back on his feet. A return to grass roots normalcy will be great — but we also have the prospect of an overall rising market.
Risks relating to global trade tensions, political uncertainty, and the pandemic, will be going away.
Sotera Health SHC Sotera Health occupies a unique niche in the healthcare industry, offering, through its subsidiaries, a range of safety-oriented support businesses for healthcare providers.
These services include sterilization procedures, lab testing, and advisory services — and their importance is immediately clear. Sotera boasts over 5, healthcare provider customers in more than 50 countries around the world. While not a new company — two of its branches have been in business since the s and 40s — Sotera is new to the stock markets, having held its IPO just this past November.
That facility is currently undrawn. This clinical research biopharma company focuses on major issues of reproductive system disease in both men and women. Specifically, Myovant is working to develop treatments for uterine fibroids, endometriosis, and prostate cancer. The drug is in Phase 3 trial for the latter, and has had its NDA submitted for the former. Also in the pipeline, and related to reproductive health, is MVT, a new drug designed to enhance egg maturation and aid in vitro fertilization.
In addition, Myovant has announced this month that Relugolix has been FDA approved — under the brand name Orgovyx — as a treatment for advanced prostate cancer.
One of the Oldest German Bank to Start…. The key level for Yuan is 7 and is now trading above it. More people are now looking to invest in assets whose values increase with US dollar example Gold and now Bitcoin. If we compare charts of Bitcoin and Yuan both looks same, when Yuan values drop in US dollar Bitcoin see an instant pump and vice-versa.
User Lightcrypto explained the relationship between Bitcoin and Yuan from last weekend. Another twitter user Crypto Money Mantra posted that Bitcoin is fulfilling its real purpose now.
Bitcoin performing as designed, BTC launched during financial crisis to perform well is instable or stock market crash situation. According to Vecchio this would mean the yuan falling to 7 or lower against the dollar:.
Chinese policy makers control their currency rates so moving it beyond seven would be seen as effectively an escalation of the trade war to a new realm altogether. Currently, one dollar is exchanging for approximately 6. While Bitcoin bulls would definitely welcome a weaker yuan, such a development would have real economic costs for China, according to CNBC. For one it would aid the narrative that China has been engaging in currency manipulation further complicating the U.
And while it would make Chinese exports cheaper and thus more attractive on the global stage, a weaker yuan could also cause investors to flee China leading to large capital outflows.