Tag Archives: Market News

After a first, well. we could gently say – shock, Tesla’s Cybertruck doesn’t stop being controversial in any sense. This week is obviously reserved for Musk & Co. boasting around Twitter of how great and wonderful their new vehicle is (except the window glass but that will be repaired – Elon promised). And it’s worth mentioning that Tesla stock reacts positively (but slightly) to all this noise around the company.The distinctive Tesla’s CEO Elon Musk said how the company’s forthcoming...

The ex-president of the People’s Bank of China Xiaochuan Zhou said that one of China’s main goals to be done through its central bank digital currency is to make retail payments easier and more available to people.Speaking at the Caixin Hengqin Forum in Zhuhai, Zhou commented that the country will work on making the retail use of digital payment for the digital yuan as simple as possible.He said:“There are two goals for international digital currencies. The first one, which is also what China...

Commodity markets dictate the global trade of primary manufactured products, from cocoa to gold and from sugar to oil. As these tangible good cross the vast oceans, borne along by capacious container ships, trading platforms flicker with the constantly moving prices of these assets, whose real-time market value is dictated by the usual forces: supply, demand, sanctions, geopolitical relations, currency rates and the array of other variables that can dictate the final price paid for containers...

On Monday, the stock market reached new highs: the Dow Jones Industrial Average gained 190.85 points (or 0.68%) and achieved 28,066.47 by the end of the day, the Nasdaq Composite increased by 1.32% up to 8,632.49, while S&P 500 gained 0.8%. The biggest gains have been made by technology and health care companies. Such companies as Amazon, Apple, Netflix, Intel, Alibaba, Tesla, Disney, and more have enjoyed growth in stocks. For example, Intel rose 2%, Amazon gained 1.61%, Gilead Sciences...

Although the stock market has been hitting new highs, analysts have warned investors to stay cautious during these times. Otavio Costa, an analyst at Crescat Capital said that it is the ideal time for investors to buy and accumulate gold.In an in-depth analysis, Costa explained that the Treasury Yield Curve spreads have moved past the critical 70% threshold. Citing historical patterns, Costa advises investors to liquidate their stocks and instead buy gold for the next two years.History...

Amazon CEO Jeff Bezos, one of the world’s richest man, has been criticized once again for not doing enough with tax payments. The CEO announced a $98.5 million donation to 32 different organizations in an effort to tackle homelessness and also improve the quality of education in low-income communities, as part of his Bezos Day One Fund. Even though Bezos has also been criticized for also not doing enough with philanthropy, this recent donation didn’t do much to calm one of his most outspoken...

Shares of Chinese e-commerce giant Alibaba saw a great launch in Hong Kong on Tuesday, after pricing its shares at 176 Hong Kong dollars (approx. $22.5) apiece. This is the biggest listing this year so far, larger than the approximately $8 billion raised by Uber in May. This also came as an excellent boost for the Hong Kong market which had problems since the pro-democracy protests escalated in recent weeks. Alibaba trades under the stock code 9988 in Hong Kong. Nine and eight are considered...

Fintech startup Ualá which is a finance app that helps people with all things financial has just finished its Series C funding to the tune of $150 million. This round was led by Tencent and Softbank’s Innovation Fund which has as its specific aim the Mercursour region. The app functions very much like Monzo, Nubank and Revolut but this time the focus of this app is on the Argentine market without the trappings and requirements of financial institutions and regulations. With its CEO Pierpaolo...

It appears that Apple Inc., the maker of the popular iPhone series has indicated a forecast of more than 100 million sales of its next iPhone (iPhone 12 line). Sources indicate that the Cupertino California giant has been informing its partners within its distribution network and supply chain to expect this amount to come next year. Already though, iPhone 11 and iPhone 11 Pro sales are expected to be in the region of 80 million units though an increase in this amount will definitely indicate...

Uber Technologies Inc. has had its fair share of woes since its initial public offering (IPO) some months ago in May as it has not been profitable ever since. Now, the ride-sharing company is about to fall deeper into its problems as it has lost the license to operate in London, after several issues.Now Uber is a long way down from its $45 IPO price in May. At the moment, UBER is trading just under $30, representing a 33% loss in about six months. The level is the end result of a 6.3% loss in...