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MacNicol & Associates Asset Management
18 01, 2024

The Weekly Beacon – January 19, 2024

2024-01-18T13:31:50+00:00

This weeks issue: FED members, FED policy, Interest rates, G7 countries, G7 real estate, Canadian real estate bubble, Government spending, Housing starts in Canada, Spirit airlines, JetBlue Spirit deal collapse, Government breaks merger, SAVE stock, Taiwan election, China vs. the U.S., Chinese tech stocks versus U.S. tech stocks, technology stocks, China economy, China growth, Burger King stock, Restaurant Brands International stock, Carrols Restaurant Group stock, Uranium stocks, Sprott Uranium Trust, Kazatomprom production, Cameco stock, France and nuclear energy.

The Weekly Beacon – January 19, 20242024-01-18T13:31:50+00:00
11 01, 2024

The Weekly Beacon – January 12, 2024

2024-01-11T16:22:42+00:00

This weeks issue: Oil seasonality, Oil prices, Seasonality for markets, Netflix stock, Netflix strategy, Netflix spending, Debt to finance operations, America and football, NFL dominance, TV viewership, Streaming and sports, Oil elusiveness, EIA 2025 oil demand forecast, Oil market expansion, Global EV market, Tesla versus BYD, Tesla stock, Chinese auto market, ESG and Asset Managers, S&P 500 companies ESG strategy.

The Weekly Beacon – January 12, 20242024-01-11T16:22:42+00:00
9 01, 2024

The Daily – January 9, 2024

2024-01-09T19:07:22+00:00

Bitcoin traded just below the $47,000 mark on Tuesday, as investors await a decision from regulators on whether to approve the US’s first exchange-traded fund tied directly to the token. The world’s largest cryptocurrency briefly swung above $47,000 late on Monday boosted by excitement over several filings revealing what potential ETF issuers planned to charge in fees for the products, should they gain the green light. Bitcoin hovered around $46,643 at 7:00 a.m. in New York, a decline of roughly 1% in the last 24 hours. The US Securities and Exchange Commission is expected to make a decision on some Bitcoin ETF applications by Wednesday, with spectators anticipating a slew of rulings to avoid awarding a first-mover advantage. Bitwise emerged from the pack on Monday as offering the cheapest fee for its planned ETF at 0.24% after an introductory no-fee period, while Grayscale’s planned Bitcoin Trust was the most expensive at 1.5%.

The Daily – January 9, 20242024-01-09T19:07:22+00:00
9 01, 2024

The Daily – January 8, 2024

2024-01-09T18:57:41+00:00

Sony Group Corp. is planning to call off the merger pact of its India unit with Zee Entertainment Enterprises Ltd., said people familiar with the matter, capping two years of drama and delay in creating a $10 billion media giant. The Japanese conglomerate is looking to cancel the deal due to a standoff over whether Zee’s Chief Executive Officer Punit Goenka, also its founder’s son, would lead the merged entity, the people said, asking not to be named as the information is not public. While the agreement signed in 2021 was that Goenka would lead the new company, Sony no longer wants him as CEO amid a regulatory probe, the people said. Sony plans to file the termination notice before a Jan. 20 extended deadline for closing the deal, saying some of the conditions necessary for the merger had not been met, one of the people said. Goenka has stood his ground in wanting to helm the merged entity, as agreed initially, over prolonged meetings in the past few weeks, according to another person. 

The Daily – January 8, 20242024-01-09T18:57:41+00:00
9 01, 2024

The Daily – January 5, 2024

2024-01-09T18:55:38+00:00

State and local governments across the US are grappling with a growing problem: Expensive drugs to treat diabetes and obesity are threatening to drain their health-care budgets. State health plans and Medicaid offices are seeing eye-popping bills for Novo Nordisk A/S’s Ozempic, its sister drug Wegovy and similar medications known as GLP-1s. They’re a breakthrough for treating two of the most complex chronic health conditions. But with list prices stretching above $1,000 a month, the costs threaten to empty government coffers. Demand for the drugs is poised to explode. Public attention has focused on the well-off looking for a quick way to lose a few extra pounds, but the reality is that type of customer represents a tiny fraction of the potential market for GLP-1s. More than one in 10 Americans have type 2 diabetes, and upward of 100 million suffer from obesity. Those rates are higher among the 19% of Americans who rely on Medicaid, the public health-insurance program that on average accounts for more than a quarter of state spending.

The Daily – January 5, 20242024-01-09T18:55:38+00:00
4 01, 2024

The Daily – January 4, 2024

2024-01-04T16:23:32+00:00

As speculation about the upcoming approval or denial of spot-Bitcoin ETFs reaches a fever pitch, a group of former Citigroup Inc. executives is starting to offer securities backed by the oldest cryptocurrency that they say don’t need the blessing of US regulators. The new offering, called Bitcoin depositary receipts, will be similar to American depositary receipts that represent foreign stocks. The startup, called Receipts Depositary Corporation, or RDC, said it plans to issue the first Bitcoin depositary receipts to qualified global institutional investors in transactions exempt from registration under the Securities Act of 1933. Known as BTC DRs, the offering will give institutions access to Bitcoin securities through US regulated market infrastructure and cleared through the Depository Trust Co., according to a release from the company.

The Daily – January 4, 20242024-01-04T16:23:32+00:00
4 01, 2024

The Daily – January 3, 2024

2024-01-04T16:20:26+00:00

Manhattan home prices rose for the first time in more than a year, as surging high-end sales propelled the market and lower mortgage rates set the stage for a broader recovery in 2024.

The Daily – January 3, 20242024-01-04T16:20:26+00:00
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