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Tag Archives: Stocks

Premier African Tower Operator Helios Raises $364 Million in Low-key IPO

Helios Towers which is one of the key operators of towers for several mobile networks across Africa has successfully raised about 288 million pounds (or $364 million) in an initial public offering. It’s worth mentioning that IPO was delayed last year due to concerns on political tensions in key markets where the tower operator has core operations.The offering which though was supposed to be valued at $500 million was well-received in a season of low-key offerings and others which have been...

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Porsche Presents Cheaper Version of the All-Electric Taycan to Compete Tesla

In recent news, Porsche has presented another version of their new all-electric Taycan. The new model is called Taycan 4S and comes with the same chassis, suspension, and permanent magnet synchronous motors. Just a few weeks ago in September, the company introduced the electric Taycan in general, Taycan Turbo S and Taycan Turbo in particular. This “cheap” version is a little bit slower, lighter, and much cheaper. By saying cheap, we mean around $100,000. While the fast and powerful versions...

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Chinese Media Expresses Caution before Phase 2 Talks in the US-China Trade Deal

The eyes of the world are currently on the United States and China, as the trade deal negotiations between the two economic powerhouses are taking new turns. Over the last two years, both countries have shown restraint in coming to a mutual consensus. However, there was a renewed optimism in the market after last Friday’s positive results in the trade talks.After the U.S. suspended its next tariff increase on Chinese imports, the U.S. stock market saw a major rally on Friday. The Dow Jones...

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Is Microsoft (MSFT) Stock a Better Investment Choice Than FAANG?

For a long time now, FAANG stocks have been the unofficial standard by which the S&P 500 is measured. FAANG which is an acronym for five of the biggest tech and internet companies – including Facebook, Apple, Amazon, Netflix and Google parent Alphabet Inc., – were regarded by investors, traders and even analysts alike, as the stocks that account for a large percentage of the general returns gotten from the index.For the better part of 2018, FAANG pulled in amazing returns for investors...

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Apple (AAPL) Stock Sets New All-Time High with a Market Cap of $1.04 Trillion

Apple Inc. (AAPL) has had a great year in the stock market and all sentiments point to the possibility of even further improvement in the coming weeks. Already, AAPL has been crowned the best performing stock on the Dow Jones Industrial Average (DIJA) so far, as it has recorded YTD growth of over 43%. On Oct. 10, prices slightly crossed $230, setting a new dividend-adjusted all-time high and cemented a new market cap of $1.04 trillion.One of the biggest drivers for AAPL’s impressive drive is...

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China Poised to Relegate the US Dollar, Says Ripple CEO

Ripple CEO, Garlinghouse, has sounded an alarm geared at calling the United States government to action, reiterating that China’s goal with the CBDC is to destabilize the US dollar. The CEO urged the government of the United States during an interview with Fox Business to be at the forefront of the crypto revolution, instead of China.Garlinghouse talked about the tech boom back in the early 2000s and how the US took control of the industry and benefited immensely from that...

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Apple (AAPL) Stock On The Verge Of A Crash As iPhone 11 Defect Appears

As far as the stock market is concerned, Apple (AAPL) has had a pretty great 2019 so far. Already Apple’s stock has surged more than 43% this year alone, easily crowning it as the best performing stock in the Dow Jones Industrial average. Consequently, even though the Microsoft Corporation (MSFT) has a larger market cap, Apple has so far performed better and also beat out other FAANG stocks including Amazon, Netflix, Facebook, and Google’s parent Alphabet.One of the major reasons ascribed to...

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Here’s How Much You’d Make If You Invested $1,000 in Google 10 Years Ago

Even though there might be more than a few worthy contenders, Google (GOOGL) is one of the world’s most popular companies and has been that way for many years. However, If we decide to narrow down the “qualifiers” to just tech or internet companies, then the number of contenders drastically drops, leaving Google somewhere in the first few. The tech giant with its hands in several cookie jars is also one of the world’s most successful companies.Google is currently into software and hardware...

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Saudi Aramco to Publish IPO Prospectus Before October Ends

Before the end of October, Saudi Aramco, the world’s largest oil producer, will be filing a prospectus for its intended initial public offering (IPO). According to the Wall Street Journal, the publication is expected on Oct. 25 in Arabic, with an English version to be published on Oct. 27. Owned by Saudi Arabia, this is in line with the government’s plan to publicly list the company, as it prepares to make a final decision on whether or not to continue with the offering.After the prospectus...

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Robinhood Announces Revamped Cash Management Feature With 2.05% APY

Robinhood, the financial services and stock-trading company based in California, has just announced its launch of a new feature called Cash Management. According to the announcement, the new feature which will come with a Mastercard debit card will allow its users to earn an annual percentage yield (APY) of 2.05% on all unused funds left in brokerage accounts. Users can now visit Robinhood and join a growing waitlist, to take advantage of Cash Management and reserve a debit card.In December...

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