Category Archives: Markets

Pentagon is working to develop detection system for EMP blast 

The Pentagon’s Defense Threat Reduction Agency is working on sensors to detect and analyze EMP attacks under its Conventional Nuclear Integration/Battlefield Nuclear Warfare program.

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Kamala Harris: Second Stimulus Checks Should Be $2,000 A Month 

Kamala Harris makes a “final pitch” for $2,000 a month second stimulus checks.

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Investors need to decide whether the risk of inflation is real 

Hedges find favour but previous predictions of price rises have been wide of the mark

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MoU signed for India to develop strategic petroleum reserve in US 

Minister Pradhan said that during the meeting, he expressed his keenness to work closely with the US government to realise the “full potential of our Strategic Energy Partnership”.

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Petition demands Trader Joe’s change its ‘racist’ food packaging that uses ‘harmful stereotypes’  

An online petition is calling on Trader Joe’s to end its ‘racist’ branding of food products which uses alternate names such as ‘Trader Ming’s’ and ‘Trader José’s’ for products from other countries.

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Stocks This Week: Buy Blackrock And Qualcomm 

The market is likely to be flat in the coming week. These stocks are likely to rally.

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Can Tesla justify a $300bn valuation? 

Elon Musk’s company is the world’s most valuable carmaker, but it has never made a profitWhen Elon Musk tweeted in May that the share price of Tesla was “too high” at $780 (£622), it caused a brief moment of panicked selling by investors in the electric carmaker. Yet two months later Tesla had overtaken Toyota as the world’s most valuable carmaker in a remar […]

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Democratising finance for all? An investment app for amateurs and a student trader’s death 

20-year-old killed himself after mistakenly believing he had lost $730,000 through the Robinhood appOn 12 June, 20-year-old student Alex Kearns killed himself, believing that he had just lost $730,000 (£580,000) through a smartphone app. To compound the tragedy, his despair was entirely needless. Far from having doomed himself to a lifetime of debt, he had, […]

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India likely to store oil in US; signs MoU for operation, maintenance of strategic petroleum reserves 

As per the MoU signed at the US-India Strategic Energy Partnership meet, the two countries would also work towards exchange of information and best practices.

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Walmart’s sustainability chief: ‘You can’t separate environmental, social and economic success’ 

‘The world has woken up — this is good business. This is about resilience,’ Kathleen McLaughlin tells the FT

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China claims Australia ‘lacks backbone and is dependent on the US’ 

An editorial in the Chinese tabloid Global Times on Thursday said Australia has ‘cozied up’ to Washington and joined America’s ‘anti-China campaign’.

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Has Ross Stores Stock Run Out Of Steam After Its 35% Rally? 

Despite a 35% rise since the March 23 lows of this year, at the current price near $85 per share we believe Ross Stores stock has reached its near term potential. Ross stock has rallied from $63 to $85 off the recent bottom compared to the S&P which moved around 41% over the same time period…

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GST fraud: 1,377 ‘risky exporters’ who claimed Rs 1,875 crore refunds not traceable in principal place of business 

“As many as 1,377 exporters who have fraudulently claimed IGST refund amounting to Rs 1,875 crore have been found untraceable at their principal place of business,” the official said.

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Chinese state seizes control of 9 insurers, trusts and brokers 

Authorities grow increasingly concerned about corporate governance at financial groups

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EU Leaders Meet In Hopes Of Closing Divisions Over COVID-19 Relief Package 

In their first face-to-face meeting since the pandemic began, European Union leaders hope to hammer out a 1.85 trillion euro ($2.1 trillion) EU budget and COVID-19 recovery plan.

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