Author: Anthony M. Orbison
Facebook parent Meta will produce its next-generation virtual and augmented reality headsets in Vietnam, creating more than 1,000 jobs, the company said Tuesday. The announcement comes as Vietnam looks to boost its attractiveness as a destination for investment by the world’s biggest companies and a key part of the global supply chain. Speaking at a tech conference in Hanoi, Meta’s global affairs president Nick Clegg said the firm would focus on the production of the Quest 3S headset in the Southeast Asian country. “We will, with our local partners, be manufacturing them here in Vietnam, and we estimate that this…
It’s another week in the automotive industry, and analysts are scrutinizing General Motors (GM) stock. Citibank has some color on some Chinese EV brands, Morgan Stanley is not optimistic about Rivian (RIVN) and Ford (F) , and Tesla (TSLA) bulls are ready to let loose. Close-up of the Chevrolet logo on top of the Renaissance Center. Roberto Machado Noa/Getty Images Motors Generally [Not so] GoodLast week, Bank of America analyst John Murphy wrote in a note that General Motors is looking to show that it is headed in the right direction within the evolving automotive industry.He wrote that he expects GM…
VeChain (VET) has performed substantially well over the last few days. The asset is up by 0.9% in the weekly charts, 18.3% in the 14-day charts, and 15.8% over the previous month. The asset is also up by 43.5% since October 2023. Despite the rally, VET has faced a 1.9% correction in the daily charts.Source: CoinGeckoWhile VET is a popular cryptocurrency that has displayed robust growth over the last few days, let’s find out if the asset can breach the 10-cent mark this year.Also Read: Bitcoin Falls to $63K After Fed’s Rate Cut Hints: Investor Alert!Can VeChain Hit 10 Cents…
When is the best time to buy high-yield dividend stocks? The best answer for income investors is probably as quickly as possible. The sooner you invest, the sooner the dividends begin flowing in.Some stocks are better than others at different times, though. As we enter the final quarter of 2024, I think a few stocks especially stand out. Here are three high-yield dividend stocks to buy hand over fist in October.1. Enterprise Products Partners LPEnterprise Products Partners LP (NYSE: EPD) is one of the top providers of midstream energy services in North America. The limited partnership (LP) operates over 50,000…
FRANKFURT (Reuters) – Siemens Energy has agreed to pay $104 million to settle an investigation with U.S. authorities, it said, after it used stolen trade secrets to inflate bids for contracts five years ago. The proposed settlement with a U.S. court in Virginia revolves around allegations of theft of trade secrets that Siemens Energy had used to bid to provide gas turbine equipment and servicing to Dominion Energy (NYSE:) Inc in 2019. The settlement is subject to approval by the court, which is scheduled for Dec. 5. An initial case, brought by Siemens Energy rival General Electric (NYSE:), was settled…
A veteran trader known for timely crypto calls says he’s bullish on one Solana (SOL) rival now that it’s showing significant strength. Pseudonymous trader The Flow Horse tells his Telegram channel that he’s “default bullish” on the native asset of the layer-one blockchain Sei (SEI) following its clearance of a multi-month resistance around the $0.40 level. “It’s the weekend so just like trading volumes my posting volumes will be lower, but take a look at SEI – I simply must be default bullish biased on things like this. Summer range broken, retesting, I will just add until proven otherwise. The…
Israel has begun a ground offensive into Lebanon, intensifying its campaign against Hizbollah after launching waves of devastating air strikes against the Lebanese militant group. In a brief statement, the Israeli military said in the early hours of Tuesday that it had begun “limited, localised, and targeted ground raids” against Hizbollah in southern Lebanon. People in the vicinity of the border said that they had heard heavy artillery fire overnight. But, while the Israel Defense Forces had previously said that “heavy fighting” was taking place, an Israeli security official said on Tuesday morning that Israeli forces had not yet engaged…
When 2024 began, there was deep concern that the major indexes were showing big gains from a very narrow range of stocks. Narrow range as in: tech, tech and more tech. Monday brought a close to both September and the third quarter. So, it’s time to see how stocks have moved around. Related: $4 billion fund manager puts 3 top stocks in focusFor the year to date, tech is still the leading market sector in the Standard & Poor’s 500 Index, up 29.6%. But most of those gains were achieved in the first quarter. That’s when stocks like Nvidia (NVDA) were soaring as…
Crypto hacks in September resulted in over $120 million in losses, with the top incidents targeting platforms like BingX, Penpie, and Indodax. The crypto space has surpassed more than $120 million in losses in September due to more than 20 hacks, down 61.76% from August, according to data from blockchain forensic firm PeckShield. In an X post on Oct. 1, PeckShield reported that BingX, a Singapore-based cryptocurrency exchange, was hit the hardest with over $40 million in losses, followed by Penpie at $27 million, and Indodax, which lost over $21 million. Other incidents included DeltaPrime, which saw $5.98 million stolen,…
A luxury round-the-world cruise ship beset with technical delays and docked in rainy Belfast since May finally departed from the Northern Irish capital late Monday, prompting celebration among its passengers. “We are going to have one heck of a time tonight, we are going to party like there’s no tomorrow,” beaming passenger Joe Martino told AFP before boarding. The Odyssey residential cruise ship pulled out from Belfast harbour at 2240 GMT as passengers cheered on board. But even Monday’s departure was hit with yet another technical hiccup. Dozens of passengers were left waiting in Belfast’s cruise terminal beyond the scheduled…