After Amazon published a job post for a “digital currency and blockchain product lead” last week, speculation broke out that the ecommerce giant is looking at getting involved in the crypto space sooner rather than later. So here’s what “getting involved” might look … Continue reading AmazonPrimeCoin?
Robinhood is one of Silicon Valley’s most valuable and fastest-growing startups. And the fintech firm that pioneered commission-free stock trading is soon selling shares of its own in an initial public offering (IPO) that could value the company as high as $40 billion. But the big question is: will it make a good investment? Why should you invest? Impressive growth Founded less than a decade ago, Robinhood today boasts almost 18 million active monthly users – double its user count just a year ago. Explosive trading volumes amid the “meme stock frenzy” at the start of 2021 pushed its first-quarter revenue 300% higher than in 2020, and … Continue reading Should You Invest In Robinhood’s IPO?
U.S. equities retreated at the tail end of a big earnings week as investors worried about slowing growth at the megacap technology companies that have helped drive the market to record highs during the pandemic. Amazon.com Inc. dropped 7.6% in its biggest decline since May 2020, contributing the most to declines in the Nasdaq 100 and S&P 500 indexes, after the company’s sales outlook missed expectations. Tech stocks including Microsoft Corp. also weighed down the Dow Jones Industrial Average. European equities dropped from a record and Asian stocks slid amid China’s regulatory clampdown. Amazon announced weaker-than-expected quarterly earnings late on Thursday, and the … Continue reading Stocks Retreat as Amazon Stokes Big-Tech Concern
The world of stock markets registered a whopping 30 per cent loss by March 2020. Notably, within four minutes, the S&P 500 plummeted by 7 per cent on March 9, 2020, after it opened. It triggered a circuit breaker post … Continue reading Covid impacts on the stock market and recommendations of stocks to buy and sell
Korean tech giant Samsung Electronics said on Wednesday that it expects its second-quarter profit to be its sunniest in three years, buoyed by the global semiconductor shortage. Samsung’s the world’s biggest producer of memory chips, so it stands to reason … Continue reading Global Semiconductor shortage: Sunniest days for tech giants are coming?
Payment Giant Wise hit the stock market via a hotly anticipated direct listing at an initial $11 billion valuation at an initial $11 billion valuation. Eschewing the investment banks (and the hefty fees) involved in an initial public offering (IPO), Wise’s early … Continue reading Payment Giant Wise hit the stock market via a hotly anticipated direct listing at an initial $11 billion valuation
The oil price hit a six-year high on Tuesday, after discussions between the world’s biggest oil-producing nations and their allies – known as OPEC. OPEC+ first rolled out a host of production cuts during the pandemic in an effort to boost the oil price, and it met again last week to discuss finally dialing them back. But the talks were scuppered by a disagreement between Saudi Arabia – the group’s de facto leader – and the United Arab Emirates. Short of a change of heart, that means current production limits will stay in place for at least another month. That’s not ideal: this tiff … Continue reading Oil Production limits are more of a gentleman’s agreement than anything
The European carbon market doesn’t pay any attention to spiking inflation or climbing interest rates, and its price – which has doubled in the last year – might only keep going up… What exactly is a carbon market? The best way to set a price that’s both high enough to incentivize polluters to cut their emissions and low enough to avoid sending whole industries into bankruptcy is the “cap and trade” system. Under the “cap and trade” system, the European Union (EU) allows firms in polluting industries to emit greenhouse gases, but only up to a set amount. The companies that … Continue reading The European Carbon Market
When it comes to stocks, UK investment firm Blue Whale Capital favors Adobe over Apple. The firm’s flagship Blue Whale Growth Fund is heavily focused on tech stocks. Shares in the sector account for more than 60% of the value of its portfolio, which consists of stakes in just … Continue reading How to pitch a winning tech stock?
The Chinese government ordered the country’s app stores to remove the ride-hailing giant, Didi, over the weekend. It says it’s a matter of national security: Didi has access to hundreds of millions of Chinese customers’ personal information, while counting major international companies (like Uber) among its shareholders. It’s not the only one: other US-listed Chinese companies – including online recruitment company Kanzhun and truck-hailing firm Full Truck Alliance – were caught up in the crackdown too. For markets: Cue the ripple effects.This was the next episode in a long-running series of crackdowns on Chinese tech firms, so the news sent all their stocks tumbling on … Continue reading Didi is back in the Chinese government’s crosshairs, just days after pulling off one of the biggest US IPOs of the past decade
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