Tag Archives: Market News

Ever since the geopolitical tensions in the Middle East where top Iranian military commander Qassem Soleimani died, the incident is the main explainer for why gold reached six-year highs. Now when in the recent days the Swiss Franc is surging, Goldman Sachs Co-Head of Global Foreign Exchange Zach Pandl believes it could be because it may be being used as a proxy for gold. He says that CHF follows gold in terms of price swings. Pandl said that on Monday morning it was trading around...

Last week on Friday, January 17, Google‘s parent company Alphabet hit the trillion-dollar milestone. Alphabet became the fourth public listed tech company to achieve this feat.Despite staying in controversy with the regulators over the issues of privacy concerns, Alphabet had a good show in 2019 in the stock market. The Alphabet stock surged nearly 50% in a single year thereby pushing the company’s growth.Apple Inc. was the first company to achieve the trillion-dollar milestone in 2018,...

Researchers claim Tesla car company will be gaining in the market weight as well as in the electric car sphere. The FANG or FAANG list may change the name to FAAMGT because Microsoft and Tesla are the two big corporations in a hurry to achieve perfection. The corporations in that list are considered by many as the saviors of the American economy.Analysts from Ark Investment Say Tesla to Go BullishCatherine Wood is a professional with a vision who claims that Tesla stock can easily reach the...

As the demands for longer-dated, risk-free securities among institutional investors have always been high, the Treasury will start issuing 20-year bonds. Securities that offer some nominal yield, amid $11 trillion of global debt with negative rates. While Japanese officials are thinking about a much longer 50-year security, the U.S. officials turned this idea down in their announcement.“The 20-year bond fits more easily into the existing market structure. This is a way of taking advantage of...

Facebook is facing a lawsuit from a group of four plaintiffs who are accusing the social media giant of anti-competitive moves. The complainants are demanding a court order that will force the company to shed some of its weight and sell its assets.The Facebook LawsuitOn Thursday, four tech startups initiated the lawsuit. In the filing, the plaintiffs suggest Facebook’s unlawful moves have built what they describe as a “social data barrier to entry.” This continues to prevent them from being...

Google‘s parent company Alphabet has hit a new milestone with its market hitting one trillion dollars. Google’s is the fourth global company to attain this feat just after Sundar Pichai became the CEO of Alphabet in December 2019.On Thursday, January 16 closing, the Alphabet stock was trading at $1450 with its market cap striking $1 trillion. In the last year, Alphabet’s stock has surged nearly 50% giving handsome returns to the investors. Thus, Alphabet stock was a shining start in 2019’s...

A potential ban of Nike super shoes is frustrating athletes. However, the ban of super shoes as they are called is already causing stock prices of Japanese rivals to rise. Shares of Japanese footwear maker Asics Corp. rose by about 8% on Thursday. Prices then settled to an average of about 4.7 %. This occurred after sources said that World of Athletics was considering banning Nikes Vaporfly shoes. The shares of Mizuno Corp. which is another competitor rose as high as 1.6%.Nike’s Vaporfly Next...

Advancement in technology has resulted in advanced strategies that criminals and terrorists use to pounce on innocent victims. Due to companies’ privacy policies, some manufacturers of the gadgets used by the crime perpetrators end up withholding crucial information to help perpetrators. One such company is Apple Inc.After the December 6, 2019, terrorist attack on a Florida Navy base, it emerged that the criminal used iPhones for part of his plans and communications. Since then, Apple is...

S&P 500 may rise by at least 15% this year. This is what top investment analyst Simon Fentham-Fletcher thinks. He is the Chief Investment Officer of Freedom Asset Management. Simon said this when he indicated that now it’s time to take profits. He also urged caution when doing so. In an interview, he said:“I’m actually starting to think about trimming back some of the exceptional gains we had last year and coming through into this.”“So from my perspective, yes, I think it is time to start...

South Korean automobile giant Hyundai has recently unveiled its new premium segment SUV called the Genesis GV80. This is the first sports utility vehicle from Hyundai from its Genesis collection. According to reports, Genesis will directly compete with the like of Lexus, Porsche, and BMW operating in this segment.Moreover, the design looks quite bold and distinct and comes with the collaborative efforts from Genesis’ Korea, Europe, and the U.S. office. The GV80 also hosts some premium...