Tag Archives: Market News

Saudi Aramco, the world’s largest and state-owned oil producer of Saudi Arabia, has announced its plans of Initial Public Offering (IPO) on Sunday, November 3. This is likely to be the largest ever initial stock offering with stocks listed on Saudi’s domestic stock exchange, Tadawul.An unspecified percentage of shares will be available for trading next month as the oil giant plans to raise anywhere between $20-$40 billion. Note that this will be just 1-2% of the stake sale for the company....

Over the last few months, the rising tensions due to the escalating U.S.-China trade war has left global investors in worry. Several analysts have also raised fears of possible recession by the next year.However, some of the indicators still suggest that the U.S. stock market is all poised for a massive rally before the end of 2019. In its latest article, CCN mentions some of the strong indicators that can support the market rally ahead. Some of the powerful indicators include “positive...

Bitcoin, also known as “digital gold,” has outperformed gold every year since 2011. Given the large discrepancy in the market capitalization between bitcoin and gold, bitcoin has more potential to grow over the short to medium term than gold. So far into 2019, contrary to popular belief, bitcoin has failed to demonstrate the characteristics of a safe-haven asset. According to OnChain Capital founder Ran NeuNer, bitcoin, sometimes described as “digital gold,” has outperformed the...

After years of so much speculation, the Diablo 4 video game has been announced by Blizzard Entertainment. And yes, it happened after so much speculation on whether it would ever be created. As it was expected, this was made open at the Blizzcon 2019 where the Diablo 4 was unveiled as a sequel to the Diablo 3. It comes packed with all the fun and adventure that gamers are meant to experience.In a cinematic trailer, we see the return of Lilith the daughter of Mephisto who is the Lord of Hatred....

About a week ago, rumors regarding Google’s parent Alphabet’s decision to acquire American wearable maker Fitbit, surfaced online. Now, Google has officially confirmed that it will buy the Fitbit company in a new deal worth $2.1 billion. This move from Google can be said to be one in the direction of the tech giant’s desire to hold a larger stake in the wearables business, an area mostly dominated by a rival company Apple.An official statement from Google’s Senior Vice President for Devices...

Long-awaited Apple’s TV streaming service Apple TV Plus is finally live and you can start watching it on any platform that offers the Apple TV app, including iPhone, iPad, Apple TV and support non-Apple devices, as well as on the web at tv.apple.com.Apple is launching with a library of nine titles, and a few more announcements are to come during the next few weeks. Also, the venture counts Oprah Winfrey and Steven Spielberg among its first wave of talent. Apple TV Plus launched on Friday with...

A reliable source published a Reddit post on October 30 stating that Diablo 4 will channel the same elements that developed Diablo 2 into a cult classic. The source has a known and undisputed track record. Thus, it is credited with a level of legitimacy that is mostly absent in other wild rumors.Previously, they correctly predicted Pokémon Sword and Pokémon Shield and Ghost Recon Breakpoint details way before official announcements. Daniel Ahmad, a respected industry analyst, posted on...

American multinational conglomerate General Electric has brought new hope for its investors after its announced strong Q3 results. GE has been struggling over the past three years witnessing a major slowdown in its output. In the last three years, the GE stock price has been on a constant downfall and corrected over 66%.However, under the recent leadership of Larry Culp, the multinational giant looks poised for a solid resurgence. After the company announced its Q3 earnings on Wednesday, GE’s...

Nearly one-third of Americans falsely believe that the US dollar is backed by gold, and 70% don’t know what is backing it. That’s just the tip of the iceberg when it comes to US financial illiteracy, however. A new study reveals just how little Americans know about how their money works. An eye-opening new study into financial literacy reveals just how little Americans know about the US dollar – or how the monetary system works at all. The study, sponsored by cryptocurrency firm...

Photo: PixabayPolitical wars forced Twitter to distance itself from misinformation that usually pops up during elections. Head of Twitter Jack Dorsey seems to continue his quest to make the Internet a better place. After a prominent Bitcoin advocate had recently invested in a cryptocurrency-related venture called CoinList, he is now on the way to cut all political ads off on Twitter.The vast majority of so-called conspiracy theories made public via those ads probably came from wise...