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US Mormon funds invested in the stock market during the pandemic and made a huge profit of nearly $20 billion
According to the latest regulatory documents, the investment fund Ensign Peak Advisors of the Church of Jesus Christ of Last Day Saints (Mormon) in the US earned another 3 billion US dollars from the stock market in the second quarter of this year, continuing the stock market earnings for 15 consecutive months since the outbreak of the epidemic last year. The Salt Lake City-based investment fund's equity portfolio is currently worth US$49.6 billion, an increase of nearly $20 billion since the outbreak of the pandemic crisis. Investments in these stocks and mutual funds appear to account for a large portion of the assets managed by Ensign Peak, according to a whistleblower in late 2019
Us stocks are expected to continue to hit new highs, and these sectors deserve special attention.
Original title: us stocks are expected to continue to hit new highs, these sectors deserve particular attention UBS believes that the Fed will focus on short-term inflation and the job market, against this backdrop, the bank believes that the stock market will rise further, the core point is as follows. The S & P 500 hit an all-time high on Monday, while the yield on the 10-year Treasury note fell, despite the fastest rise in core CPI since 1992. The three major indexes of US stocks closed mixed on Monday, with the S & P 500 up three times in a row and holding the index to record highs. Investors are holding their breath for the upcoming Federal Reserve discussion.
Buffett reaped a return of $1.2 billion in less than 10 weeks after investing in Chevron Corp.
Buffett's Berkshire Hathaway made $1.2 billion in less than 10 weeks by investing in US energy giant Chevron Corp. In its fourth-quarter position report last month, Berkshire disclosed that it had built a position in Chevron Corp since the third quarter of last year and held a 2.5 per cent stake in the company at the end of last year, worth $4.1 billion. As the price of crude oil rebounded, Chevron Corp's share price has risen 29% since then, and the value of Berkshire's stake has increased by $1.2 billion to $5.3 billion. Buffett said in a recent letter to shareholders that Chevron Corp was one of his top ten heavy stocks by the end of last year.
Zhihu Inc. submitted an application for IPO in the United States to be listed on the New York Stock Exchange.
Sina Science and Technology News in the early morning of March 6, Beijing time, Chinese online question and answer community Zhihu Inc. submitted an application for IPO to the Securities and Exchange Commission (SEC), seeking to be listed on the New York Stock Exchange under the stock symbol "ZH", with Credit Suisse, Goldman Sachs Group and JPMorgan Chase & Co as underwriters. According to the prospectus, total revenue was 1.352 billion yuan in 2020 and 671 million yuan in 2019, an increase of 101.7 percent over the same period last year. The gross profit was 758 million yuan in 2020 and 312 million yuan in 2019, an increase of 142.7% over the same period last year. Gross profit margin of 56% in 2020 and 2019
The rally brought about by the weak rebound in GameStop and the introduction of new executives is short-lived.
GameStop Corp. Shares continued to show signs of weakness in the upside, giving up their gains after announcing the appointment of three senior executives, including the chief technology officer. Shares of GameStop gave up an earlier 26% gain to close flat at $90.93 in New York. The stock tumbled 60% on Tuesday, wiping out more than $16 billion in market value over the past two days. The video game retailer announced that the post of chief executive would be taken up by Matt Francis, a former veteran of Amazon.Com Inc's web service department. At the same time, employ Kelli Durkin as customer service.
965,000 people applied for unemployment benefits for the first time in the US last week
The number of people applying for unemployment benefits for the first time in the US last week was 965,000. The estimated number was 789,000, compared to the previous value of 787,000.
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