AI-driven tech volatility reaches dot-com era extremes: UBS

United Wholesale Mortgage at the NYSE, January 22, 2021 Source: The New York Stock Exchange Shares in UWM Holdings, parent of United Wholesale Mortgage, plunged 40% on Thursday after the biggest U.S. mortgage lender suspended its dividend and raised fresh capital. UWM announced a $2.05 billion equity investment from Oaktree Capital Management and SFS Group…

Sales taxA sales tax is levied on retail sales of goods and services and, ideally, should apply to all final consumption with few exemptions. Many governments exempt goods like groceries; base broadening, such as including groceries, could keep rates lower. A sales tax should exempt business-to-business transactions which, when taxed, cause tax pyramiding.  holidays, designated periods…

Similarly to Monday’s trade, the Dow industrial average is closing softly higher. The S&P index is near unchanged quality NASDAQ index is lower. Looking at the closing levels of the indices: Dow industrial average rose by 537.05 points 1.03% at 52752.28 S&P rose 15.60 or +0.21% that 7428.77 NASDAQ index fell -55.17 points or -0.22%…

We did the math over a 30-year period, and it’s not even close.

Net income is one of the best ways to value a company. It’s the metric people use to determine a company’s price-to-earnings ratio (P/E) and whether its operations are sustainable. However, Alphabet (GOOG +0.21%) (GOOGL +0.58%) has become an exception. The stock currently trades at a 16 P/E after investors were concerned about rising capital…

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