Monthly Archives: July 2022

Senate moves forward on bill to boost semiconductor industry in effort to thwart China’s rise

Chuck Schumer. AP Photo/J. Scott Applewhite A bipartisan group of senators voted to advance a bill boosting the US semiconductor industry. By a 64-32 vote, senators advanced what is known as CHIPS plus. The legislation would provide $52 billion to boost US semiconductor production. A bipartisan group of senators on Tuesday advanced legislation to provide…

What is liquidity? It’s how easily you can sell an asset for cash — here’s when and why it matters to your finances

As a measure of cash or the ability to raise it promptly, liquidity is a sign of financial health. Photo by Supoj Buranaprapapong/Getty Images Liquidity refers to how much cash is readily available, or how quickly something can be converted to cash.Market liquidity applies to how easy it is to sell an investment — how…

Coinbase is being probed by the SEC for allowing customers to trade unregistered securities, new report says

Coinbase CEO Brian Armstrong. Patrick T. Fallon / Getty Images Coinbase is under investigation by the Securities and Exchange Commission, Bloomberg reported.  The SEC is looking into whether the largest crypto trading platform in the US offered unregistered securities to users. Coinbase’s legal chief says the platform is confident in its “rigorous diligence process”. Coinbase,…

Ron DeSantis can count on the vote of one powerful Florida Man: Donald Trump

Florida Gov. Ron DeSantis speaks about President Donald Trump during a campaign rally Tuesday, November 26, 2019, in Sunrise, Florida. Brynn Anderson/AP Images Former President Donald Trump told the Wall Street Journal he’d vote for Gov. Ron DeSantis in November. Trump’s permanent residence and voting status is in Palm Beach, Florida.  There are lots of…

Cathie Wood’s favorite type of stocks still face significant challenges in staging a recovery, Goldman Sachs says

Marco Bello/Getty; Savanna Durr/Insider Unprofitable growth stocks still face significant headwinds as they need to raise cash at depressed valuations, according to  Goldman Sachs.The bank said even after 70%-plus declines in certain growth stocks, there could still be further pain ahead.Cathie Wood’s Ark Invest made a name for itself by investing in innovative companies, most…

Meta is shutting down its couples messaging app you didn’t know existed

We hope you weren’t using Meta’s experimental Tuned app to keep your relationship fires burning. Gizmodoreports Meta is shutting down Tuned on September 19th, and that sign-up attempts for the couple-oriented app now produce errors. The company wasn’t shy about its reasons for the move. In a statement to Engadget, a spokesperson said Meta’s New…