Editor's Picks

Why Coca-Cola Has Been In Warren Buffet’s Portfolio For 33 Years?

Why Coca-Cola Has Been In Warren Buffet's Portfolio For 33 Years?
by Zack Smith
April 6, 2021
0

Why Coca-Cola Has Been In Warren Buffet's Portfolio For 33 Years? Beverage giant Coca-Cola (NYSE: KO), with Berkshire's annual yield of 52 percent on an initial investment basis, has been in Buffet's investment portfolio for 33 years. Coca-Cola is making history as Buffet's longest affiliated holding. 400 million shares owned by Berkshire cost $ 1.299 billion, which makes $ 3.2475 per share. Coca-Cola has increased its dividend amount to $ 1.68 in the report announced in February, and the annual dividend amount it has increased for 59 consecutive years is a feature that cannot be underestimated. Buffett and his team predict...

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Bank Of China Continues To Support The Digital Yuan

Bank Of China Continues To Support The Digital Yuan
by Zack Smith
March 26, 2021
0

Bank Of China Continues To Support The Digital Yuan The People's Bank of China (PBoC) Digital Currency Research Division announced that the digital yuan is required to support Alipay and WeChat Pay. Speaking at the Bank for International Payments (BIS) seminar on Thursday, Mu Changchun said that Alipay and WeChat Pay combined make up 98 percent of China's mobile payments market, and that one of the main reasons why China's Central Bank is developing its own digital yuan is to support these payments. Mu suggested that a financial or technical disruption to Alipay and WeChat Pay could have a negative impact...

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Eth 2.0 Promises 8 Percent Annual Yield!

Eth 2.0 Promises 8 Percent Annual Yield!
by Zack Smith
March 26, 2021
0

Eth 2.0 Promises 8 Percent Annual Yield!   Ethereum 2.0 is a new generation version of the Ethereum blockchain. It is aimed to overcome the scaling problems in Ethereum's first version 1.0. In the current state of Ethereum, an average of 15 transactions can be made per second and this capacity is insufficient. Ethereum, the world's second largest cryptocurrency by market cap, is scheduled to be upgraded to ETH 2.0 next year. One of the advantages for investors is that they will be able to receive "staking rewards" similar to interest payments. It corresponds to approximately 8 percent per year.. This...

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Bitcoin Traders Continue To Buy From The Dips!

Bitcoin Traders Continue To Buy From The Dips!
by Zack Smith
March 26, 2021
0

Bitcoin Traders Continue To Buy From The Dips! According to digital market analysts, Bitcoin traders are preparing to make purchases in the recent price drop and hold their BTC for the long term. The surge in withdrawals from exchange platforms caused BTC to move closer to $ 50,000, rising from $ 56,783.86 in the last 24 hours on Thursday. Bitcoin analyst Willy Woo tweeted on Thursday, said "Today we hit an all-time high at the BTC output level on exchanges in 2021, and we now have a new bottom-buy award." According to Glassnode, the monthly net supply change held by higher...

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3 Bargain Stocks – CVS Health

3 Bargain Stocks  – CVS Health
by Zack Smith
March 25, 2021
0

3 Bargain Stocks – CVS Health 3- CVS Health CVS's stock is trading with a forward Price/Earnings ratio of less than 10, it could be an underestimated opportunity buy. In 2020, CVS reported a 7.7 percent higher earnings per share (EPS) rate than the previous year. (5.47 USD) Earnings per share is predicted to increase by 13.7 percent to 6.22 USD for 2021. The company relies on its strength in the healthcare, retail and long-term care segments, with sales of $ 268.7 million last year, up 4.6 percent from the same period last year. Revenues from the pharmacy business fell 1.9...

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The Indian economy recovered slightly after a slump in two quarters

According to economists, the recovery should continue in the next period.

Tom Roberts by Tom Roberts
February 26, 2021
in News
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The Indian economy recovered slightly after a slump in two quarters

According to economists, the recovery should continue in the next period.

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The Indian economy recovered slightly after a slump in two quarters

The Indian economy returned to growth in the third quarter of the current fiscal year after slumps for two consecutive quarters.

According to economists, the recovery should continue in the next period, but problems may be caused by a renewed increase in the number of those infected with the new coronavirus.

As reported by the Indian Bureau of Statistics on Friday, India‘s economy grew by 0.4% year on year in the third quarter of the fiscal year 2020/2021, which means the period from October to the end of December. In the period from July to the end of September, it fell by 7.3% after the revision and by a record 24.4% in the most critical first quarter. Initially, the decline was reported at 7.5% and 23.9%, respectively.

For the whole of 2020/2021, the statistical office estimates a decline in the Indian economy by 8%. This means a worsening of the forecast, as it originally expected a full-year decline of 7.7%. The deterioration in the estimate is mainly due to the first quarter of the fiscal year, ie April to June, when the economy contracted more sharply than originally expected.

From mid-May, the Indian government gradually opened the economy. Later, the situation was improved by the fact that the number of new cases of COVID-19 has been declining since October. In February, however, India, which has a population of about 1.3 billion, again saw a more pronounced rise in the number of people infected. This raises concerns that a second wave, similar to that in Europe, could slow down the recovery.

Tags: coronavirus pandemiceconomyEuropefiscal yearIndia
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