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Tesla exceeds $1 trillion valuation after Hertz order

Tesla Exceeds $1 Trillion Valuation After Hertz Order

On Monday, Tesla reached a massive milestone, exceeding a $1 trillion valuation after securing a big car order from Hertz. It is the fifth firm ever to reach this landmark globally. Previous companies that had also reached the $1tn valuation included Microsoft, Amazon, Apple, and Google-owner Alphabet. Tesla has just secured one of the biggest […]
Will PayPal manage to acquire Pinterest?

Will PayPal manage to acquire Pinterest?

California-based PayPal has recently struck an interest in acquiring the social media platform Pinterest. PayPal is looking to acquire Pinterest, which is currently being valued at $45bn with their shares trading at $70 a piece. Pinterest is a platform that offers a variety of tools, including scrapbooking and visual searches. The platform allows customers to […]
Microsoft to shut down LinkedIn in China

Microsoft to Shut Down LinkedIn in China

Microsoft announced the shutdown of LinkedIn in China through a blog post on Thursday. The country is continuing to expand its internet censorship and, hence, impacting a lot of companies’ operations. Microsoft to shut down LinkedIn in China has aided them to invest in another platform in the country. LinkedIn will launch a job search […]
The Fed Expects to Begin Tapering Bond Buying in November or December

The Fed Expects to Begin Tapering Bond Buying in November or December

Investors across the globe highly anticipated the two-day FOMC (Federal Open Market Committee) meeting, which ended on Wednesday. The consensus seems to be that the Fed expects to begin tapering bond buying in November or December.  Tapering has been a hot topic over the past couple of months as the central bank has been toying […]
PayPal Considering a Foray into the Stock Market

PayPal Considering a Foray into the Stock Market

Reports that PayPal is considering a foray into the stock market have been making headlines today. After a successful rollout of its cryptocurrency trading last year, PayPal is now looking at ways to offer its clients equity trading.  The California-based fintech giant has started up a new division at PayPal called the Invest at PayPal. Richard […]
Cardano Climbs 25%, Becoming 3rd largest Cryptocurrency

Cardano Climbs 25%, Becoming 3rd largest Cryptocurrency

Cardano’s cryptocurrency ADA climbs 25% to find itself as the third-largest cryptocurrency in the world. Eclipsed only by Ether and Bitcoin, the token surpassed the Binance Coin and Tether in 4th and 5th place, respectively. ADA leapt as high as $2.58 on Friday last week, cementing its all-time high. The rally was fueled by an […]
50,000 Ether Tokens Burned Since ‘London Hard Fork’ Upgrade

50,000 Ether Tokens Burned Since ‘London Hard Fork’ Upgrade

Ethereum initiated its ‘London Hard Fork’ upgrade on 5th August, and since then, 50,000 Ether tokens have been burned. When a token is burned, it is removed from the available supply, increasing the scarcity of those that remain. The huge number of burned tokens amounts to roughly $165 million. The amount of Ether held on […]
Is ByteDance Going Public Soon?

Is ByteDance Going Public Soon?

ByteDance, the Chinese owner of the social media platform TikTok, is reportedly contemplating going public soon. The Chinese conglomerate is supposed to debut on the Hong Kong exchange either in the fourth quarter of this year or early 2022.  Based on its most recent round of funding, which took place in December 2020, the company’s valuation stands at a […]
Pfizer and Moderna Raise Their Prices for the EU Market

Pfizer and Moderna Raise Their Prices for the EU Market

COVID-19 vaccine providers Pfizer and Moderna have raised their vaccine prices. Reports that the latest supply contracts signed between the European Union and the COVID-19 vaccine providers indicate higher prices began to make the headlines on Sunday.  Allegedly the price of the Pfizer vaccine went from €15.50 ($18.40) to €19.50 ($23.15), while Moderna’s new vaccine price […]
Robinhood’s Public Trading Debut Worst Ever for IPO of its Size

Robinhood’s Public Trading Debut Worst Ever for IPO of its Size

Robinhood made its public trading debut on Thursday 29th, July. The previous day, the brokerage firm was valued at $32 billion when it priced its IPO at $38 per share. When it began trading, shares initially rose 6% before falling as much as 12%.   According to reports, Robinhood’s stock market entrance was the worst recorded among 51 US firms that raised as much or more capital. Robinhood even dethroned MF Global Holdings Ltd with […]
Second Quarter Earnings of US Major Banks

Second Quarter Earnings of US Major Banks

With the second earnings quarter now on the books, investors, analysts, and traders have all turned their attention to the earning season. With vaccinations in full speed, hints of economic recovery, and market volatility, it’s been hard to guess whether the banks will be able to top their first-quarter earnings this year.   Most banks reported […]
Saudi Aramco Confirms Data Breach

Saudi Aramco Confirms Data Breach

The world’s most valuable oil producer found itself in hot water when hackers claimed to have confidential files that they would leak unless the Middle Eastern oil giant coughed up $50 million worth of cryptocurrency.  Files that allegedly belong to the company began appearing on the dark web on Tuesday, along with a demand for $50 million worth of cryptocurrency in return for the […]
Zoom to Acquire Five9 for $14.7 Billion

Zoom to Acquire Five9 for $14.7 Billion

On Sunday, July 18th, online video conference app Zoom announced its intention to acquire Five9, a cloud contact centre software provider. The all-stock transaction places Five9’s value at $14.7 billion and marks Zoom’s first billion-dollar acquisition.  The deal marks the second-biggest US tech deal of 2021, following Microsoft’s $16 billion acquisition of Nuance Communications. It also signifies that […]
Elon Musk Finds Himself in Hot Water Over SolarCity Deal

Elon Musk Finds Himself in Hot Water Over SolarCity Deal

Once again, billionaire entrepreneur Elon Musk has landed himself in hot water. Tesla’s shareholders are currently suing the CEO. The group alleges that Tesla’s acquisition of the solar panel firm was, in fact, simply a bailout pushed through by Musk.  Shareholders’ Allegations  Shareholders assert that Musk was improperly involved in the situation and pushed the deal through when he should have […]
ECB to Change Policy Guidance in Upcoming Meeting

ECB to Change Policy Guidance in Upcoming Meeting

European Central Bank President Christine Lagarde advised investors that a change to policy guidance is likely to be announced at the upcoming meeting on July 22nd. The most anticipated policy updates pertain to monetary stimulus.  The European Central Bank (ECB) president signalled that new measures could be introduced in 2022 to better assist the euro-area economy after the current emergency bond program ends.  The announcement came […]
Trump Sues Twitter, Facebook, and YouTube

Trump Sues Twitter, Facebook, and YouTube

Former US president Donald Trump has announced that he is suing three of the world’s largest social media platforms, Twitter, Facebook, and YouTube. The 45th president of the United States plans to take on the companies’ respective CEOs, too – Jack Dorsey, Mark Zuckerberg, and Sundar Pichai (CEO of YouTube’s parent company, Alphabet).  The lawsuits have rallied Republican voters, fundraisers, and donors, yet legal experts still say they are all but guaranteed to […]
China Cracks Down on Data Collection

China Cracks Down on Data Collection

In a new round of crackdowns, China is now targeting companies that collect data and potentially use it illegally. On Sunday, Chinese regulators ordered that the local app stores remove Didi from the list of available applications. This comes after the company allegedly participated in the illegal collection and use of personal data.   Besides the ride-hailing app […]
Robinhood to Pay $70 Million to Settle Regulatory Investigation

Robinhood to Pay $70 Million to Settle Regulatory Investigation

American financial services company Robinhood will pay $70 million to settle a regulatory investigation. The Financial Industry Regulatory Authority (FINRA) has fined the California-based company $57 million and ordered it to pay nearly $13 million in restitution to thousands of clients.  FINRA’s Fine  FINRA is a non-government entity authorized by Congress and oversees thousands of brokers across America. The financial penalty ordered by FINRA is the […]
Johnson & Johnson Agrees to A $230 Million Opioid Drugs Settlement

Johnson & Johnson Agrees to A $230 Million Opioid Drugs Settlement

Johnson & Johnson agrees to pay out a $230 million settlement for its role in the opioid crisis in the US. Along with the settlement, J&J has reportedly agreed to stop selling opioids in the US. This settlement may be the first of many that will follow as trials proceed nationwide. However, one of the […]
TikTok Owner ByteDance Sees 2020 Revenue Surge

TikTok Owner ByteDance Sees 2020 Revenue Surge

ByteDance has many apps in its portfolio, one of which you will have heard of for certain – TikTok. TikTok is responsible for making mini dance routines on social media the norm. So, it’s no surprise that parent company ByteDance and its revenue are doing exceptionally well.  ByteDance’s Background  ByteDance was founded in 2012 by Chinese entrepreneur Zhang Yiming. Over the years, it has seen the popularity of its many […]
The FTSE 100 on the Rise Despite Prolonged Lockdown

The FTSE 100 on the Rise Despite Prolonged Lockdown

In Monday’s trading session, the UK’s Financial Times Stock Exchange 100 Index closed at its highest level since the pandemic hit Europe in February 2020. The FTSE 100, Britain’s blue-chip stock index, ended the day almost 0.2% higher, despite prolonged lockdown news. Prime Minister Boris Johnson announced that lockdown would be extended by an additional […]
London Metal Exchange to Reopen Iconic ‘Ring’ Trading Floor

London Metal Exchange to Reopen Iconic ‘Ring’ Trading Floor

The London Metal Exchange announced plans to reopen its iconic open-outcry trading floor on 6th September 2021. Initially, the exchange announced that it would be keeping the pit closed permanently, which led to backlash from major users. Known simply as the ‘Ring’, the pit dates back to the industrial revolution. It is famously recognised as […]
London-Based Traders Refuse to Relocate Post-Brexit

London-Based Traders Refuse to Relocate Post-Brexit

Almost five years have passed since the UK voted to leave the European Union, and the term ‘Brexit’ became commonplace in everyone’s vocabulary. Since then, banks and regulators have been dealing with the practical repercussions of the split. Uncertainties over long-term arrangements in the financial sector continue to rage on. Currently, London’s traders are at […]
Pound Reaches Three-Year High Thanks to Economic Optimism

Pound Reaches Three-Year High Thanks to Economic Optimism

Traders are betting on the success of the UK’s economic recovery thanks to the coronavirus vaccine rollout. In a press release, the government recently announced that its COVID-19 inoculation program is set to hit “more major milestones” as it approves the use of additional jabs. According to the statement, “more than 13,000 lives have been […]
EU Seeks AstraZeneca Court Order Over Undelivered Vaccine

EU Seeks AstraZeneca Court Order Over Undelivered Vaccine

The legal dispute between the European Union and AstraZeneca continues to heat up. At a hearing that began today, the EU seeks a court order that the British-Swedish pharmaceutical company supply the 27-nation bloc with more doses of its vaccine. The European Union made its case before a Brussels court, declaring an emergency situation warranting […]
TikTok Founder Steps Down As CEO

TikTok Founder Steps Down As CEO

Zhang Yiming, CEO and founder of TikTok (ByteDance), recently announced that he is planning on leaving the company and starting fresh. Zhang’s long-time business partner and friend, Liang Rubo, will take his place as CEO.  In an employee memo, Zhang said that the change would enable him “to have greater impact on longer-term initiatives,” and added that Liang is “an invaluable partner” with “strengths in management, organization, and social engagement”.  Zhang mentioned that him leaving the […]
Tesla’s Shares Dip Impacting Elon Musk’s Fortune

Tesla’s Shares Dip Impacting Elon Musk’s Fortune

Elon Musk’s recent Twitter activity sent Bitcoin in a downward spiral. Now, it appears his own company, Tesla, is tumbling with it. Shares in the electric vehicle-maker fell 2.2% amid a global rout in technology stocks and concerns of trouble in its China business. As of yesterday (Monday 17th), Tesla’s Chief Executive Officer lost his […]
Floyd Mayweather Launching Legacy NFTs Ahead of Logan Paul Fight

Floyd Mayweather Launching Legacy NFTs Ahead of Logan Paul Fight

The undefeated Floyd Mayweather announced that he would launch his own NFTs before his fight with Youtuber Logan Paul. The NFTs will celebrate the boxing legend’s legacy in life and sport by tokenizing unique items. The collection will consist of artwork, animations, and rare memorabilia.  “I started from nothing and beat all the odds to achieve what I did in my career […]
Amazon’s Sustainability Bond Raises $1 Billion

Amazon’s Sustainability Bond Raises $1 Billion

Online retailer Amazon Inc. issued its first sustainability bond on Monday 10th. The bond raised $1 billion that will be invested in clean transport, renewable energy, greener buildings, and affordable housing, among other things. Amazon joins a growing list of companies offering sustainability bonds, like luxury fashion house Chanel and pharmaceutical firm Novartis AG. Increased […]
Will Dogecoin Finally Reach the $1 Mark?

Will Dogecoin Finally Reach the $1 Mark?

The meme cryptocurrency, Dogecoin, has seen tremendous success over the last few weeks. This week, it surged to an all-time high of $0.69. The coin was created by software engineers Billy Markus and Jackson Palmer. The pair wanted to create a cryptocurrency that was distanced from other cryptos, which are known for volatility and controversial use.  A Meme’s Tremendous […]
Ether Reaches New Heights as Bitcoin’s Crypto Dominance Falls

Ether Reaches New Heights as Bitcoin’s Crypto Dominance Falls

Ether hit a milestone yesterday after a single coin was valued at over $3,000. Its record value inevitably brought Bitcoin into the spotlight along with it. Ether is up 325% so far this year, which overshadows Bitcoin’s 95% increase. While Bitcoin dominates the crypto sector, Ether’s rise highlights that there is room for more than […]
GameStop CEO Leaves The Company With Almost $200 Million

GameStop CEO Leaves The Company With Almost $200 Million

The game retailer, GameStop, will have a new head by July 31st the latest. The previous CEO of GameStop, George Sherman, will step down from his post and will leave the company with a large severance payment, as it has now become known.  $170 Million For Two Years of Work  In April 2019, Sherman was named GameStop’s Chief Executive Officer, […]
European Central Bank to Make Difficult Decision on Crisis Program

European Central Bank to Make Difficult Decision on Crisis Program

Policymakers at the European Central Bank (ECB) are preparing for a difficult discussion at the upcoming monetary policy meeting in June. The subject is whether they should begin to reduce their emergency bond-buying program. Last week, the Governing Council’s session concluded with no changes to the existing policy. However, according to officials, the next meeting, […]
Britcoin - U.K. is Developing Its Own Bank-Backed Cryptocurrency

Britcoin – U.K. is Developing Its Own Bank-Backed Cryptocurrency

The United Kingdom’s finance minister, Rishi Sunak, has recently announced that the Bank of England is looking at creating its own, central bank-backed digital currency nicknamed ‘Britcoin’. The idea came in an effort to help tackle some of the challenges presented by Bitcoin and altcoins.  “We’re launching a new task force between the Treasury and the Bank […]
Bank of England Exploring the Possibility of a Digital Currency

Bank of England Exploring the Possibility of a Digital Currency

Chancellor of the Exchequer, Rishi Sunak, has put a priority task force in place to explore a Bank of England digital currency (CBDC). The top-level team will consider how a new cryptocurrency will impact the UK economy, along with the potential benefits and risks. The aim is to boost the country’s economy after its recent […]
Coinbase Valued At $86B After Nasdaq Debut

Coinbase Valued At $86B After Nasdaq Debut

America’s largest cryptocurrency exchange, Coinbase, reached a market value of approximately $86 billion in its stock market listing. The crypto broker, where clients can buy, store, and trade Bitcoin, Ethereum, Litecoin, and other cryptocurrencies, went public on the Nasdaq on Wednesday, April 14th, 2021. Shares were introduced at $381 per share and closed below $330. […]
H&M & Adidas - China Targets Foreign Companies

H&M & Adidas – China Targets Foreign Companies

After EU sanctions were imposed on China, several foreign businesses like H&M and Adidas came under fire. Last month, Chinese state media strongly criticized H&M, Adidas, Nike, and New Balance for refusing to source cotton from the Chinese region of Xinjiang; there have been rumors that the Muslim Uyghur minority that lives in the area was forced into labor.  When H&M initially announced that it would […]
Cryptocurrency Market Cap Exceeds $2 Trillion

Cryptocurrency Market Cap Exceeds $2 Trillion

For the first time ever, the market value of cryptocurrencies surpassed $2 trillion, according to data from market trackers, Blockfolio and CoinGecko. The record-breaking figure is the result of a steady increase in gains over recent months. This increase led to heightened demand from both institutional and retail investors, as well as the cryptocurrency market […]
The Rise of Young Investors Taking Big Risks

The Rise of Young Investors Taking Big Risks

By now, most people have heard about the GameStop saga and its ensuing (and unexpected) battle between Reddit users and Wall Street. Though the war is seemingly over, the aftermath’s effects are still rippling through the stock market due to a rise in young, thrill-seeking investors. Young Investors The Wall Street rebellion has given way […]
AstraZeneca: Doubts about published data from new study, EU to take action against supply shortages

AstraZeneca: Doubts about published data from new study, EU to take action against supply shortages

The U.S. health regulator, the NIAID (National Institute of Allergy and Infectious Diseases), has expressed concerns about the validity of data from the new study by the pharmaceutical company AstraZeneca on its vaccine.  The study is based on the results of a Phase III trial involving around 32,500 subjects, which, according to the manufacturer, show that the vaccine is highly effective. In its statement, […]
Biden Calls Putin a 'killer' During an Interview

Biden Calls Putin a ‘killer’ During an Interview

During an interview with ABC News chief anchor George Stephanopoulos, President Biden agreed that President Putin was a ‘killer’ and that he will ‘pay a price’ for meddling in the 2020 US elections.  When Stephanopoulos asked the POTUS whether he thought that Putin was a killer, Biden nodded and replied, “Mmm-hmm, I do.” A report […]
Back to the Basics: The History of the Forex Market

Back to the Basics: The History of the Forex Market

When trading forex, we often forget how major the market that we are part of actually is. The foreign exchange market is a global, decentralized over-the-counter (OTC) market where institutional (large international banks like JP Morgan, Deutsche Bank, Citi, BS, Goldman Sachs) retail traders join to buy, sell and exchange currencies either at preset or […]
Zoom Share Price Continues To Surge, Despite Vaccine Programs

Zoom’s Share Price Continues To Surge, Despite Vaccine Programs

Pandemic: Winners and Losers  The COVID-19 pandemic has changed our lives around tremendously. It has changed how we live, work, travel, and even interact with one another. One of the main victims of the pandemic was the tourism sector; one of the biggest winners was the communications and e-commerce sector.  When companies were forced to […]
Coinbase IPO – The First Crypto Exchange To Go Public

Coinbase IPO – The First Crypto Exchange To Go Public

Against all odds, we live in a time where cryptocurrency exchanges are becoming public. Perhaps for some, this industry breakthrough was well anticipated, but for the traditional financial sector, this is still a shock. The biggest American cryptocurrency exchange, Coinbase Global Inc., announced that it has filed to go public on Nasdaq via a direct […]
Are We Seeing The Beginning Of The End Of Coronavirus

Are We Seeing The Beginning Of The End Of Coronavirus

Despite the British mutation of the coronavirus spreading more and more in the EU, a look at the figures for Great Britain show that new infections will not necessarily increase significantly again anytime soon. The infection rate there is now even lower than in France, Italy or the Netherlands, for example. In the UK, the […]
UK Brexit Deal Falling Short On Financial Services Equivalence

UK Brexit Deal Falling Short On Financial Services Equivalence

Executives in London’s City, the UK’s financial center, are questioning steps the UK government is taking to secure access to the European markets in the post-Brexit landscape. The United Kingdom has been pressing for equivalence as a way forward for UK regulated financial services companies to continue to offer their products to clients in the […]
GameStop And The Power Of The Masses

GameStop And The Power Of The Masses

Have you ever heard of GameStop? Chances are you’d never heard of the struggling chain of bricks-and-mortar high street retailers that sell video games, gaming consoles, and other electronics. That is until last week, of course! GameStop was always going to be a difficult concept to turn a profit from. How many people actually buy […]
Microsoft Shares Hit Record High On Work From Home Boost

Microsoft Shares Hit Record High On Work From Home Boost

Lockdowns and other COVID measures may well have put paid to a whole slew of industries, but for Microsoft, it’s been a windfall. The massive surge in the number of people either working from home or forced to stay at home through work closures saw a boom for many-core Microsoft businesses. PC sales have soared, […]
International Energy Agency Cuts 2021 Oil Demand Forecast

International Energy Agency Cuts 2021 Oil Demand Forecast

Crude oil is feeling the effects of a new resurgence of Covid cases and a new round of pandemic related lockdowns, with the expected uptick in demand taking a further hit. In the latest published report, the International Energy Agency (IEA) cut its already frugal forecast for demand in oil products in 2021 to 5.5 […]
Bitcoin Under Regulator Microscope

Bitcoin Under Regulator Microscope

The regulatory focus is back on Bitcoin and its impact on the financial markets after the Bull run of the last few days. The concern is that Bitcoin is getting too big to continue without any oversight by financial regulators. Price considerations apart, Bitcoin has a reputation for being the payment solution of choice for […]
Europe Looks Set For New Lockdown Measures As Covid-19 Cases Spike

Europe Looks Set For New Lockdown Measures As Covid-19 Cases Spike

While 2020 may have come to an end, Europe still finds itself firmly in the grip of rising coronavirus cases and new lockdown measures. With more highly contagious strains of the virus spreading among many European countries. On Sunday, the heads of the sixteen regional governments in Germany held an online meeting to discuss the […]
Year Ahead Looks Shaky For Oil

Year Ahead Looks Shaky For Oil

While global crude oil prices recovered to around $51 a barrel as the year draws to an end, 2020 has been anything but kind for the black stuff. Demand for crude plummeted as measures to combat the COVID-19 pandemic bit hard into travel and commuting. A price war between Russia and Saudi Arabia did little […]
News Shares On Tradeo Asset Index

News Shares On Tradeo Asset Index

Tilray Tilray Inc. is a major Canadian cannabis producer and the first in its industry to be listed on a major U.S. exchange. On the 15th of this month, Tilray Inc. and Aphria Inc. agreed to combine their operations, forming a new giant in the fast-growing cannabis industry. The all-stock deal, which puts together two […]
FDA approves Pfizer's Covid vaccine for EUA

FDA approves Pfizer’s Covid vaccine for EUA

The United State’s FDA (Food and Drug Administration) has approved the Pfizer’s and BioNTech covid vaccine for EUA (Emergency Use Authorization) in what was seen as a turning point in the fight against the pandemic. The COVID-19 virus has already claimed almost 300,000 lives in the United States and caused turmoil across vast swaths of […]
India Pushes To Diversify Oil Imports

India Pushes To Diversify Oil Imports

India is the world’s third-largest importer of crude oil, with imports covering 85 percent of its oil needs. Iraq and Saudi Arabia are the main origins of Indian oil imports, with imports from OPEC member countries for 2019-2010 amounting to $92.8 billion. That’s a significant number, and the Indian government is desperate to find other […]
Banks Left Holding A $3.5 Billion Huachen Can

Banks Left Holding A $3.5 Billion Huachen Can

State-owned Huachen Automotive Group is the latest company in China to default on payments after failure to pay an Rmb1bn bond in October, increasing fears that the bond markets’ turmoil could filter down to the banking sector. Chinese, foreign banks, and trust companies have an Rmb33.5bn ($5.1bn) Huachen shaped hole in their books, with this […]
ECB President Lagarde - The European Central Bank Cannot Go Bankrupt

ECB President Lagarde – European Central Bank Cannot Go Bankrupt

Ever since the 1930’s when Britain abandoned the Gold Standard, world currencies have drifted toward Fiat money. Fiat money is a government-issued currency that is backed by the trust in the government that issued it, rather than a physical commodity. It used to be that if a central government wanted to add more money into […]
PM Johnson Standing Firm With Brexit Demands

PM Johnson Standing Firm With Brexit Demands

UK PM Boris Johnson is set to make a “significant intervention” ahead of the new round of negotiations in the ongoing Brexit saga with the European Union. Talks between the Prime Minister and President of the European Commission, Ursula von der Leyen, are planned to finalize the long-awaited deal, with both sides confident of a […]
Anxious Moments For Traders Ahead Of Brexit Market Access Decision

Anxious Moments For Traders Ahead Of Brexit Market Access Decision

Brexit is just around the corner, with the final chapter in the UK – EU divorce due to play out in January. While it’s still uncertain what the future holds for the trade relationship between the United Kingdom and the European Union, but one thing is for sure. Traders are worried about disruptions in the […]
Tesla’s Upcoming Debut on the S&P 500 Causes a Stock Soar

Tesla’s Upcoming Debut on the S&P 500 Causes a Stock Soar

According to the S&P 500 announcement on Monday, electric car manufacturer Tesla (TSLA) will be joining the Index on December 21.  Tesla’s current market cap is roughly $387 billion, which is significantly more than long term members of the Index like Toyota or Coca-Cola. It is the 11th largest company by market capitalization in the US at the time but has all the potential to replace JP Morgan Chase & Co. as the 10th largest company.   According […]
Shares Shoot Up 13% after Moderna Announces Developments In Its Vaccine, One Week After Pfizer

Shares Shoot Up 13% after Moderna Announces Developments In Its Vaccine, One Week After Pfizer

Despite the world only being 10 months into the most devastating pandemic of the 21st Century, two pharmaceutical companies have already announced that they are close to releasing a vaccine.  A week ago, Pfizer announced that they are releasing a vaccine with a 90% success rate, and just yesterday, Moderna announced that its vaccine has […]
Vodafone Gains Despite Effects Of Covid Lockdowns

Vodafone Gains Despite Effects Of Covid Lockdowns

While most European countries experienced lockdowns of varying degrees of severity and social contact was by necessity, long-distance due to covid, telecoms giant Vodafone saw a return to profit, despite a marked decline in income from sales of new handsets and roaming charges. With travel at a fraction of what it was for the same […]
Bitcoin Surpasses Netflix in Value in Market Capitalization

Bitcoin Surpasses Netflix in Value in Market Capitalization

Bitcoin is often compared to Tulipmania – the world’s first financial bubble – in the Netherlands in the 17th century. During this time, the contract prices for tulips reached their monumental peak and then drastically collapsed in a week, causing tulip holders to declare bankruptcy. This is generally the model that defines all financial bubbles. Assets, both good and bad, drastically appreciate […]
Black Day for Oil Prices on New Coronavirus Lockdowns

Black Day for Oil Prices on New Coronavirus Lockdowns

New coronavirus lockdown measures announced over the weekend across Europe, including in the UK, France, and Germany, put an end to the recent oil prices rally with Brent crude falling to $35.74 per barrel, the lowest for the year since late May. Brent, the primary oil price benchmark, is down 45% since the start of […]
scientists raise concerns over new covid strain

Scientists Raise Concerns Over New Coronavirus Mutations Spreading Through Europe

A team of scientists tasked with tracking mutations to the coronavirus has raised concerns over one particular variant, called 20A.EU1 has spread through Europe and is now responsible for the majority of new cases in several countries, including the UK, where the new variant accounts for more than 80% of new infections. 20A.EU1 was first […]
U.S. Presidential Debate - Microphones Will Be Muted

U.S. Presidential Debate – Microphones Will Be Muted

September 30th saw the U.S.A., and the rest of the world witnessed what was probably the least “presidential” presidential debate ever conducted. The two opponents, President Trump and Democrat candidate Biden threw the proverbial sink at each other, and not in a good way. Interruptions, barracking, whining, bickering. The presidential debate sank to the level […]
IFS Warns Of Financial Black Hole For UK Economy By Next General Election

IFS Warns Of Financial Black Hole For UK Economy By Next General Election

The IFS (Institute for Fiscal Studies) has issued a stark warning about the state of the economy by the next UK general election. The Covid lockdown effects on the economy and the slow recovery would leave a lasting dent in the exchequer’s coffers, with borrowing estimated to be around £100bn higher by 2024. According to […]
Oil price spikes on OPEC announcement

Oil Spikes After OPEC “Announces Worst Is Over”

Thursday saw a welcome note of optimism for oil markets after OPEC Secretary-General Mohammad Barkindo declared that the “worst is over” for global oil markets. Crude futures rose by over 3% on the news settling at $41.22 at the close. The comments came as OPEC announced its annual World Oil Outlook. Secretary-General Mohammad Barkindo added […]
There's Nothing More Permanent Than Temporary Measures

There’s Nothing More Permanent Than A Temporary Measure

Job losses caused by the COVID-19 pandemic were supposed to be temporary, weren’t they? Things were going to back to normal by September, and economists were adamant that the bulk of employees laid off at the start of the pandemic in March would be back at work once businesses were cleared to open up for […]
Boeing 787 and 777 Production Cut as COVID Impacts Sales

Boeing 787 and 777 Production Cut as COVID Impacts Sales

American aircraft manufacturer Boeing (symbol BA.N) announced on Wednesday that it would be cutting production on its flagship 787 and 777 aircraft lines on the back of higher than anticipated losses due to the coronavirus pandemic that has cut a swathe through the United States. The company also announced a further delay in the planned […]
barclays pre-tax profit hit hard by covid

Barclays Profits Plunge on Further Impairment Charge Provision

Barclays Bank’s pre-tax profits have taken a big hit for the second quarter of the year on the back of an extra £1.6bn provision for bad debts brought on by the COVID crisis. Barclays pretax profits for the first six months of 2020 are down by over fifty percent to £1.27bn, compared to the same […]