Text size *** ONE-TIME USE *** Courtesy ADS-TEC Another EV-charging company is publicly traded, officially. Fast-charging equipment maker ADS-TEC Energy announced the completion of its SPAC merger with European Sustainable Growth Acquisition. Now the stock symbol changes to “ADSE” from “EUSG.” Investors interested in ADS-TEC could, of course, have invested in the SPAC but now … Read more
It has been a record-breaking year for IPOs, but it has also been a mixed bag — and billionaire Stephen Schwarzman’s Blackstone Group is among those investors who are picking through their duds. The private-equity giant has held a significant ownership stake in 10 companies that went public on the New York Stock Exchange or … Read more
Insurrection, infections, and inflation are what 2021 will be remembered for. But none of them seemed to matter for U.S. common stocks, or at least as much as some might have thought. Once again, the best thing for investors to have done would have been to turn off their computers, phones, and (especially) TVs, and … Read more
(Bloomberg) — Record-high power and gas prices have crippled energy suppliers worldwide, leaving some running at a loss and causing many to collapse altogether. Most Read from Bloomberg Energy providers are closing down in the U.K., the Netherlands, Germany, the Czech Republic, Belgium, Finland and Singapore. That’s reducing choice for consumers, triggering government intervention and … Read more
There has seldom been as much divergence in the technology space as there has been this year. On the one hand, broad-based tech ETFs, which are heavily weighted toward behemoths like Apple and Microsoft, have performed phenomenally—beating the S&P 500, which itself is up 25.5% year-to-date. For instance, the iShares U.S. Technology ETF (IYW), which … Read more
The use of cryptocurrency in Germany is increasing rapidly with Bitcoin and Ethereum being widely used in e-commerce to purchase goods. Cryptocurrencies in Germany are regularly transferred and traded and companies have invested their capital in the new digital currency. It is estimated that more than 2.1 million people – 2.62% of Germany’s total population … Read more
(Bloomberg) — Europe is getting a taste of how bad this winter’s energy crisis could get as Kosovo starts cutting electricity supplies to most of its 2 million people. Most Read from Bloomberg The Balkan country, one of Europe’s poorest nations, will introduce rolling two-hour blackouts for most consumers from Thursday, electricity distributor KEDS said … Read more
Analysts see big upside for these undervalued health care stocks. Health care stocks have underperformed the S&P 500 in 2021, but analysts are optimistic that a handful of top health care names are positioned for a big year in 2022. Stocks exposed to the ongoing pandemic will experience more tail winds in the next couple … Read more
Low interest rates mean investors must find other routes to good returns. Interest rates are still far below pre-pandemic levels, leaving investors searching beyond bonds for other sources of steady income. With the Federal Reserve reiterating its federal funds rate target of 0% to 0.25% at its most-recent December meeting, interest rates will likely stay … Read more
It is never too late to start saving money you will use in retirement. However, the older you get, the more constraints like, wanting to retire, or required minimum distributions (RMDs), will limit your options. The good news is, many people have much more time than they think. Even starting at age 35 means you … Read more