Author: super@dmin
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: HSBC sells Canada unit to RBC in megabank deal
Royal Bank of Canada agrees to acquire 130-branch HSBC Canada for C$13.5 billion ($10.1 billion) in the latest big bank deal
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: China stocks including Alibaba, Nio rally as Chinese officials say they’ll boost vaccines for the elderly
U.S.-listed shares of Chinese internet names were gaining in premarket action amid indications that China’s government was getting a better hold on the pandemic.
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Banking: Banks explore reimbursing customers who send money to scam Zelle accounts
Banks already reimburse customers for unauthorized transactions but have been slow to respond to those who send money to scammers.
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Outside the Box: More risk doesn’t always mean greater reward. Just look at these imploded tech stocks.
Innovative technologies often take decades to succeed, and most investors don’t have that much patience.
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: Crypto lender BlockFi is suing Sam Bankman-Fried over his shares in Robinhood: report
Just hours after filing for Chapter 11 bankruptcy in New Jersey on Monday, crypto lender BlockFi filed a lawsuit against a holding company by FTX founder Sam Bankman-Fried over his shares in trading platform Robinhood, the Financial Times reports.
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Need to Know: Stock investors should ‘focus on the marathon, not the sprint’. Think S&P 500 at 6,000 by 2032, says BofA
Our call of the day comes from Bank of America, which tosses its own forecasts into a crowded ring, as they mix worries with encouragement about keeping an eye on the long-term prize.
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Mark Hulbert: The idea that you can use oil prices to time the stock market has nothing in the tank
There’s no simple or mechanical way of using oil’s price to time the market.
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Metals Stocks: Gold gains ground as dollar pulls back
Gold futures trade higher Tuesday, finding support as the dollar softens
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FA Center: It’s wishful thinking that stocks will soar before the Fed pivots to lower rates
The U.S. stock market typically doesn’t bottom until after the Federal Reserve has reduced interest rates.
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: Some markets cheer as China vows to vaccinate more elderly. Analysts see positive movement by officials.
European stocks rallied on Tuesday morning responding to a conference by Chinese health officials, which revealed vaccinations in the elderly would be ramped up