Tag Archives: Market News

The Twitter-eToro stock-trading initiative is a milestone under Musk’s watch as the Tesla CEO strives to transform Twitter into a super-app.  Twitter is partnering with Israeli financial services facilitator eToro to bring stock trading to users of the social media giant. According to reports, starting today, Twitter users can buy and sell stocks and securities via eToro. The Twitter-eToro partnership is a rare deal for the microblogging platform’s owner Elon Musk since he assumed control...

A Bitcoin futures index in Argentina is a huge relief as the country is currently struggling with high inflation. CNV, The securities regulator in Argentina, has approved a Bitcoin futures index on a local exchange. Following the approval, the Bitcoin futures index will launch in Argentina in May on Matba Rofex. The exchange got the green light to roll out the Bitcoin futures next month, boasting as the first Latin American exchange to onboard such a product. Authorizing the Bitcoin-based...

Leading digital asset Bitcoin hit $30K for the first time in almost a year amid prevalent gains in crypto stocks. Crypto stocks are rising, with players Marathon Digital Holdings (NASDAQ: MARA) and Riot Platforms (NASDAQ: RIOT) leading gains. The duo is trading up at 11% and 15%, respectively, with prominent coin Bitcoin (BTC) also changing hands at $30K. As it stands, BTC price is up by more than 80% so far this year. Besides MARA and RIOT, other smaller crypto stocks also experienced...

As the biggest provider of internet search services as well as app hosting-related services, Google is often in the crosshairs of anti-competitive investigations from regulators around the world. Google, the subsidiary of American multinational tech giant, Alphabet Inc (NASDAQ: GOOGL) has been fined by the South Korean Fair Trade Commission (KFTC) for anti-competitive practices targeted toward rival app hosting platforms. As reported by TechCrunch, the fine was pegged at around 42.1...

The IMF has released its weakest global growth forecast in over 30 years as inflation, banking crises, and geopolitical problems bite hard.  The International Monetary Fund (IMF) recently published its most underwhelming medium-term global growth forecast in over 30 years. On Tuesday, the major United Nations (UN) financial agency expected global growth of 2.8% in 2023 and 3% in 2024. This forecast comes in slightly below what the IMF estimated in January as continued inflation and a...

The number 1 cryptocurrency in the world has amassed over 82% gains since the beginning of the year. MicroStrategy (NASDAQ: MSTR) is a major beneficiary in the latest Bitcoin rally that pushed the crypto asset’s price to a new level. While the crypto market was in the red, many crypto-related stocks. MicroStrategy, which Bitcoin holding is worth 140,000, had a tough time before the recent rally. The company bought its first Bitcoin in August 2020, adopting the top cryptocurrency as a...

On Friday, the Labor Department reported a March job growth that is way off February’s upwardly revised figure of 326,000. US job growth amounted to 236,000 for March amid slowing signs in the labor market. The figure puts the Labor Department’s Friday payroll growth report close to the Dow Jones estimate of 238,000 for March. However, the total job growth of 236,000 sits substantially below February’s upwardly revised figure of 326,000. The March job growth report revealed that the...

Samsung attributed its low performance to the sliding demands from consumers that have a largely limited supply of its advanced chip technology. South Korean multinational technology giant Samsung Electronics Co Ltd (KRX: 005930) has revealed its plans to cut its chip production after reporting one of the worst quarters in more than a decade. According to the release on Friday, the company posted a total of 63 trillion won in revenue and 600 billion won in operating profit for the first...

Al Ansari Financial Services experienced an upswing in the value of its shares after instituting 2023’s first Dubai IPO.  The shares of UAE remittances and money exchange firm Al Ansari Financial Services surged 17% in its initial public offering (IPOIPO) outing at its Dubai Financial Market trading debut. The family-owned company raised $210 million after selling 750 million shares in the offering, or 10% of its value. The Al Ansari Financial Services development marks the first IPO for...

Analysts say that expected figures from Samsung will likely reveal a heavy crash in operating profit as the company struggles to sell chips. Samsung Electronics Co Ltd is expected to see an unprecedented crash in first-quarter profit. According to a Reuters publication, Samsung will likely suffer its worst profit crash in 14 years as it struggles with excess memory chip production. Samsung is currently unable to sell its memory chips as demand continuously wanes. The general market awaits...