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Sysorex Inc. News
Sysorex, Inc. To Carry Out 1-for-1000 Reverse Stock Split On August 7th, 2023
August 5th - $Sysorex, Inc.(SYSX.US)$ is about to implement a 1-for-1000 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from August 7th, 2023.$Sysorex, Inc.(SYS
Sysorex Provides Business Update
Sysorex reports Q3 results
The biggest tax evasion scandal in history! The Renaissance Fund may repay nearly $7 billion in taxes
Jim Simons (Jim Simons), one of the world's most successful investors and founder of hedge fund Renaissance Technology, has just experienced a rare defeat. Under a settlement agreement between Renaissance Technology and the IRS, Simmons and several of his colleagues will pay back billions of dollars in taxes, interest, and fines to settle one of the biggest tax disputes in US history. Renaissance CEO Peter Brown (Peter Brown) disclosed the settlement agreement in a letter to investors on Thursday, although the letter did not reveal the specific settlement amount
The Fed's weight reduction takes the whole body into action. When it ends is more important than when it starts
These days, all discussions in the financial markets focus on when the Federal Reserve will begin to cut the scale of debt purchases, but for all markets, such as stock and bond exchanges, what is more important is when debt purchases can end. Investors have made few major moves; they are all eagerly awaiting the Jackson Hole seminar, which will kick off on Thursday. On Friday, Federal Reserve Chairman Jerome Powell may provide clues about when and how the Fed will reduce debt purchases. This will help determine the timeline for the Fed's interest rate hike. Withdrawing from the stimulus measures can be described as a full-throttle move. Right now, large amounts of liquidity in the financial system have pushed the US stock market to record highs, and earnings on US treasury bonds
Delta increases health insurance premiums for unvaccinated employees to cover higher COVID-19 costs
Ed Bastian, CEO of Delta Air Lines (Delta Air Lines) of the United States of America, informed employees on Wednesday that starting November 1, health insurance premiums for employees who have not been vaccinated against COVID-19 will increase by $200 per month on the grounds that they pay high fees for employees hospitalized due to COVID-19 infection. Delta said employees who have not been vaccinated against COVID-19 will also face other restrictions, including indoor mask regulations that will take effect immediately and weekly COVID-19 testing starting September 12. Bastian said in an employee memo: “The average cost of hospitalization for Delta employees infected with COVID-19 is 5
ECB Chief Economist: Once the impact of the Fed's reduction in size becomes apparent, the central bank will have countermeasures
The ECB's chief economist Philip Lane said that the ECB is ready to deal with any market interference that may be caused by the Federal Reserve starting to reduce QE. “The ECB is not a passive bystander,” Lane said in an interview. “If spillover effects affect the financing situation in the Eurozone, we are willing and able to take appropriate action, as we have proven”. Lane emphasized that policymakers are determined to maintain a favorable financing environment in the Eurozone, which suggests that once the anti-epidemic emergency debt purchase program expires, it will take some time to decide how to buy bonds. “We don't need to be too early
EXCLUSIVE: CEO Of Bespoke Growth Partners Mark Peiken Says Co's Merger partner TTM Digital Has Been Profitable Since It Was Founded
NIO Auto fell nearly 5% before the market, and Jeffrey lowered its target price to $38.8
NIO Auto fell 4.93% ahead of the market to $36.23. Jefferies lowered the target price for NIO cars from $60 to $38.8.
Apple partner Hon Hai will collaborate with Fisk to build electric cars
Hon Hai Technology Group will jointly develop electric vehicles with Fisker Inc. (Fisker Inc.) to enhance their capabilities in this field as technology companies, including its main customer Apple, seek to enter the automotive sector. According to a joint statement issued by the two companies on Wednesday, this electric vehicle will be produced by Hon Hai, under the Fisker brand, and sold to various markets including North America, Europe, mainland China and India. It is expected to be officially mass-produced in the fourth quarter of 2023. Hon Hai launched its first electric vehicle chassis and software platform in October last year to help automakers bring electric vehicles to market faster
The collapse of “female Buffett” heavy holdings across the board gave birth to the new term “wood-style sell-off”
As the “female Buffett” Cathy Wood's heavy holdings fell across the board in early trading on Tuesday, a new term — “Cathie Wood sell-off” (Cathie Wood sell-off) — appeared on the market. At the opening of trading on Tuesday, the heavy-held stock of Wood's Ark Investments was the stock with the biggest decline in the market. Shares of Palantir, Tesla, Roku, Square, Paypal, Teladoc, Baidu, Zillow, Shopify, and Spotify all fell sharply. These are all of Wood's flagship fund Ark Innovation ETF (AARK) and sides
Female Buffett is not afraid of a sharp drop to join Tesla: the bull market is built on a wall of worry
US technology stocks fell sharply in early trading on Tuesday. The heavy-duty stock of “female Buffett” Cathy Wood's Ark Investment Management Company led the decline in the market, but for investors who really believe in technology stocks, this is a rare opportunity to buy at a discount. Wood is one of them. Wood told the media after the market on Tuesday that after Tesla plummeted 13% in early trading and erased all of this year's gains, her fund bought this stock in large quantities. Although she said she bought “a lot”, she didn't provide specific figures. Growth strategies like Wood's were tested on Tuesday. The Nasdaq 100 index fell more than 3% on Tuesday due to US Treasury bond collection
Copper prices rise above $9,000, historic shortage warning sparks record rally
The price of copper rose above 9,000 US dollars per ton for the first time in more than nine years. Bets on a rebound from the epidemic have triggered a warning that there may be a historic shortage. This economic trend vane is expected to record the longest continuous increase in history. Copper prices rose more than 2% on Monday, and February is expected to achieve an unprecedented 11-month increase. Driven by expectations that post-pandemic consumption will exceed short-term supply, basic metals have risen sharply, while raw materials such as copper and nickel have been boosted by their importance to the clean energy transition. Given the sharp upward pace, market observers have begun discussions on whether a new commodity supercycle is imminent. LME
South Korea's exports increased 16.7% year on year in the first 20 days of February, and exports to China increased 32.7%
According to data released by the Korea Customs Service (Customs) on Monday, exports increased 16.7% year on year to US$30.4 billion in the first 20 days of February. Taking into account the fact that the number of construction days was 1.5 days less than the same period last year, the average daily export value increased by 29.2% over the same period last year. Excluding the number of days of construction, semiconductor exports increased by 27.5%, automobile exports increased by 45.9%, while exports of petrochemical products fell 5.7%, and computer peripherals declined by 4.8%. By export destination, exports to China increased by 32.7% year on year, exports to the US increased by 14%, exports to Europe increased by 53.6%, and Vietnam increased by 10.9% on a daily basis
British companies' recruitment intentions hit a one-year high 56% of companies plan to hire more
According to a report released by the British Chartered Personnel Development Association (CIPD) on Monday, the current recruitment intentions of British companies are the strongest in a year. The number of companies planning to lay off employees has decreased due to improved economic prospects in the past three months. According to the association's survey, 56% of companies plan to increase the number of employees in the next few months, up from 53% at the end of 2020, but still lower than 66% before the outbreak of the epidemic a year ago. The share of companies planning to lay off employees fell sharply to 20% from 30% in the previous quarter. The healthcare, finance, education, and IT industries have the strongest hiring intentions, while the hospitality industry has the weakest hiring intentions
Bill Gates: The social media ban may cause more divisions in the US
Sina Tech News reported on the morning of February 22. According to reports, Microsoft (Microsoft) co-founder Bill Gates (Bill Gates) said that social media bans, such as Twitter Inc. (Twitter Inc.) banning former US President Donald Trump (Donald Trump) from entering the US for life, may cause more divisions in the US. In an interview with Fox News Sunday (Fox News Sunday), Gates said that Trump said many things questioning the legality of the 2020 election, but he thought, “Use a lifelong seal
South Korea's Kia and Hyundai Motors: No discussions on electric vehicle cooperation with Apple
According to the announcement, South Korea's Kia and Hyundai Motor said they are not discussing the development of autonomous electric vehicles with Apple. After the news was announced, Hyundai's decline widened to 7%; Kia fell sharply by 12.5%. According to foreign media reports previously quoting people familiar with the matter, Apple had discussed the production of electric vehicles with Hyundai and Kia Motors, but related discussions have recently been suspended. A person familiar with the matter, who asked not to be named when discussing private matters, said that Apple is also discussing similar plans with other car manufacturers. This clandestine project has accelerated in recent months. Just as Apple is reinventing the consumer electronics market, Apple's electric cars
BABA's US stock rose nearly 5% before trading. Credit Suisse maintains its "better than the market" rating.
On Wednesday, u.s. stocks rose 4.6% to $266.2 before trading. Credit Suisse said BABA's performance was in line with expectations and set its US stock price target of $334. Credit Suisse said in a research report that BABA's third-quarter income rose 37% year-on-year, and non-general accounting standards EBITDA rose 21% year-on-year, all in line with expectations. The bank believes that BABA is valuable to long-term investors, but believes that in the short term, the group's reinvestment business profits are under pressure and the financial impact of antitrust policies will take time to reflect, which will drag down the stock price performance, and the bank still maintains its "better than the market" rating. Us stocks have a target price of $334.
Pinduoduo rose more than 3% before the market, and Citi raised its target price to $210
Before the US stock market on Tuesday, Pinduoduo rose 3.08% to $179.32. Citi raised Pinduoduo's target price from $158 to $210 and raised its rating from neutral to buy, saying its strong GMV growth would outweigh the increase in operating costs.
UK and US sign post-Brexit customs agreement
The UK Treasury issued an announcement on the government website on Wednesday saying that Britain and the US have signed a bilateral customs agreement to ensure that companies continue to trade after Brexit. Jesse Norman, Financial Services Secretary of the UK Treasury: “This agreement will enable us to continue to cooperate to combat customs crime by sharing information and good practices, and provide a legal basis for mechanisms to facilitate trade flows between importers and exporters”. US Ambassador Woody Johnson said the agreement will ensure continued daily cooperation between the two countries to “stop criminals from smuggling illegal goods across the Atlantic — from guns to drugs
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