Bitcoin’s growing popularity is taking the world by storm and having a ripple effect on various sectors. Its price rallying to record highs of $42,000 in recent weeks has been the center of attention. The rate at which Bitcoin’s user base is growing is also taking the world by storm, threatening to have a ripple
Staff Writer
Khing Hnin Wai has had to defend herself after a video of her dancing as Myanmar’s democratically elected leaders were detained and whisked away by military forces caused a storm on social media. The first moment of the coup captured the fitness enthusiast’s step-step-stepping enthusiastically to upbeat music, oblivious to the dire situation in the
The U.S real estate sector has been resilient amidst the slowdown triggered by the COVID-19 pandemic. A surge in activities in the past year all but affirms solid fundamentals in the sector. Similarly, companies have continued to raise capital all in the effort of safeguarding their edge as well as long term prospects. Community-focused real
Growing cryptocurrency popularity is forcing the crypto exchange to be innovative in product offerings, in a bid to target a broader target market. The latest is Bitmex, which has strengthened its Cryptocurrency offering with the introduction of futures contracts for meme crypto Dogecoin. Dogecoin Futures Starting February 5, traders and high-volume crypto speculators will be
Record low interest is the catalyst fuelling bond issuance among corporations. Companies are increasingly taking advantage of the reduced cost of borrowing to raise capital in the bond market, to finance various projects as well as pay underlying debt. Apple Inc. (NASDAQ:AAPL) is the latest to tap the bond market. Apple $14 Billion Bond The
Exchange-Traded Funds were on a roll in 2020, attracting more than $500 billion in capital inflows. The stimulus-fuelled rally sparked demand for ETFs as investors sought to diversify their investments in the equity markets. Environmental, Social, and Governance focused ETFs emerged as one of the biggest winners in the ETFs landscape as investors focused on
Microsoft Corporation (NASDAQ:MSFT) bid to strengthen its gaming unit with the acquisition of ZeniMax hangs in the balance. The European Union antitrust regulators are poised to meet to discuss the long term impact of the proposed $7.5 billion acquisition and its impact on competition. EU Antitrust Blockade Microsoft requested EU regulators to approve the $7.5
GameStop Corp. (NYSE:GME) stock imploded at the start of the week after shaking Wall Street, the past week, at the back of a 300 % plus rally. The stock fell by as much as 30% amid reports that nearly half of short positions on the stock had been eliminated. The implosion came amid a high
The European Medicines Agency has approved AstraZeneca Plc (NASDAQ:AZN) and the University of Oxford’s COVID-19 vaccine. The move comes following a row that AstraZeneca might be breaking its commitment to deliver the vaccine to the EU. AstraZeneca Vaccine approved in the EU On Friday, the EMA said that after assessing the vaccines’ effectiveness and safety,
On Friday, Bitcoin price jumped over 20% to $38,566 after Elon Musk added #Bitcoin to his personal Twitter profile, thus fuelling speculation that he had acquired more BTC. Musk tweets driving stock sentiments A day before, the richest man in the world prompted CD Projekt shares to surge by 12% after stating that the latest
Dozens of people are facing multiple charges over their role in the insurrection that gripped Capitol Hill early in the year. While others are in custody pending hearing and determination of their cases, others have been rendered jobless on being fired for their role that led to four people’s death on the fateful day. The
Bitcoin is trying to bounce back after a 30% plus correction from all-time highs. The flagship cryptocurrency has been in consolidation mode after plunging from record highs of $42,000 to two weeks of lows of around $30,000. The bounce back is being fuelled by capital inflows from traders who missed out on the initial rally
Activities in the real estate sector have remained intact even on the COVID-19 pandemic taking a toll on a number of sectors. Demand for new homes has continued to edge higher with developers struggling to meet demand conversely fuelling a spike in prices in some markets. A Palm Beach condominium going for $19.5million might as
Cryptocurrency investments from mainstream institutions have been on the rise in recent months. Square investing $50 million in bitcoin and MicroStrategy confirming over $200 million in crypto investments affirms growing investments in the nascent field. The latest to show strong interest in pursuing investments in the nascent field is Union Square Ventures. USV Crypto Plans
Exchange-Traded Funds have for the better part for the past year been a bright spot in the vast equity markets. As investors sought to shrug off the effects of elevated volatility in the equity markets, most of them turned to ETFs. Fast forward, the once resilient segment of the equity market is starting to show
Investors are increasingly turning to high-grade bonds in a bid to secure long-term income streams as equity markets come under pressure. Investors have continued to shrug off the record low-interest rates, depicted by capital inflows into a number of high-grade bond offerings. Airplane Leasing Bonds Investors’ eyeing opportunities in the embattled airline industry, hard hit
It’s no longer a question of how high the market can move but how low it could drop amid growing talk of an imminent correction. Bets of the stock market pulling lower from current highs have been gaining momentum as analysts and investors remain wary of elevated valuation levels. Market Correction A 30% correction could
Anheuser-Busch is the latest high profile brand to deal this year’s Super Bowl a big blow. For the first time in more than 25 years, the beverage giant will not air any ads as has always been the norm during the major sporting event. Instead, the company says it will donate all the money to
The pandemic has taken a significant toll on the once robust and burgeoning New York economy. The state is already reeling from the effects of business shutdowns and mass exit that has taken a significant toll on revenue streams. Governor Andrew Cuomo and the state legislature are already wrestling with a widening budget gap at
Intel and Qualcomm are the biggest beneficiaries as woes continue to boggle embattled Chinese hardware giant Huawei. The two chip giants have inked strategic partnerships to become major chip suppliers to Chinese budget phone maker Honor. Qualcomm- Intel Chip Supply deals The supply deal comes at a time when Honor is increasingly trying to reduce
A massive crackdown is in full swing, targeting perpetrators behind the violent insurrection that gripped Capitol Hill. Viral clips taken at the crime scene are helping law enforcement agencies nab some of the most violent rioters that caused damage and inflicted injuries to police officers. The latest to be arrested is Patrick Edward McCaughey III,
Bitcoin implosion from record highs of $41,000 continues to gather steam amid a surge in selling pressure. The flagship cryptocurrency is down by more than 12% from its all-time high, having struggled to bounce back after a steep pullback. Bitcoin Sell-Off For the first time in over a week, the cryptocurrency slipped below the $33,000
Cryptocurrencies are becoming increasingly popular, attributed to increased mainstream adoption. Governments exploring ways to participate in the burgeoning sector has also helped shed more light on the need for digital currencies. The European Central Bank is the latest to show strong interest in exploring the digital currency space. Digital Euro The central bank is currently
Real estate is a theme that has held firm amid the shocks triggered by COVID-19. A spike in home prices in some markets has come at the back of strong demand. Likewise, markets such as New York are once again bottoming out, as demand for office space improves. The sector also continues to see an
Exchange-Traded Funds have been a central theme and a preferred investment vehicle for investors looking to diversify investment portfolios in the equity markets. Likewise, the ETF marketplace has registered significant capital inflows as investor’s eye broad exposure. Mutual Funds Conversion Concerned by the strong demand for ETFs, a number of mutual funds are contemplating changing
The Chinese bond market might as well be providing early warning signs. Bond defaults edging higher with cash-starved developers breaching central bank red lines for borrowings is already triggering concerns in the $15 trillion bond market. Chinese Bond Market Woes The fact that only 6.3% of Chinese developers can comply with set red line limits
Wall Street has been on edge in recent weeks amid waning investors’ sentiments. A pandemic that refuses to fade away coupled with slowing economic recovery and political tensions in Washington continues to weigh in on stocks that have pulled lower from record highs. A few weeks into the New Year and things are not looking
Samsung has confirmed that going forward, it may no longer include charging plugs and earphones in the box, as has been the case in the past. While the move might have caught some customers by surprise, it is likely to affect all the upcoming Galaxy S21 devices. In Box Changes According to the company’s executive
Cryptocurrency mainstream adoption is about to receive a boost, if recent developments at Goldman Sach’s is anything to go by. Immediate reports indicate that the investment giant is looking to invest in digital assets, a development likely to bolster sentiments in the burgeoning sector. Goldman Sachs Crypto Plans According to reports, the New York-based financial
A consolidation wave is slowly sweeping various industries as companies look to strengthen their competitive edge through mergers, acquisitions, and partnerships. Desktop Metal Inc. (NYSE:DM) is the latest to affirm its plans to strengthen its 3D printing capabilities. The firm is in talks to acquire Germany-based EnvisionTEC. Desktop Metal-EnvisionTEC Merger The deal comes barely a
- « Previous Page
- 1
- 2
- 3
- 4
- 5
- 6
- …
- 13
- Next Page »