Share
The general consensus on gold prices seems to be that an upward trend is expected for the foreseeable future, but just how far up will the yellow metal go in the near to medium term? It depends entirely on whom you ask. The next major milestone: $2,000 an ounce Gold prices have been in the…
Share
Microsoft has said that ByteDance, the owner of popular social video app TikTok, has rejected its proposal to acquire TikTok’s US operations. While markets presumed that ByteDance has chosen Oracle, Chinese media has reported that ByteDance wouldn’t be selling the operations to Oracle also. Oracle shares were however up sharply in pre markets today. Last…
Share
Tesla has announced plans to raise $5bn through stock offering from time to time. This is the second capital raise in 2020 for the popular electric vehicle maker whose shares are already up 486% for the year. “They’re going to sell $5 billion of their stock into the open market from time to time for…
Share
The head of the Food and Drugs Administration (FDA) of the US said yesterday that he was willing to considering granting approval to a coronavirus vaccine before it completes a phase three trial. During an interview with the Financial Times, FDA Commissioner Stephen Hahn (pictured to the right) highlighted that the institution is prepared to…
Share
Oil prices are climbing to their highest levels since they turned negative in late April as Texas’ wells remain shut down to brace for hurricane Laura’s landfall in the state. According to reports, 80% of crude output in the Gulf of Mexico and around 3 million in refining capacity were shut down in anticipation to…
Share
Data analytics firm Palantir released its investment prospectus yesterday as the firm is ready to go public in a matter of days in what could be one of the hottest debuts of 2020. The firm will be trading in the New York Stock Exchange under the ticker PLTR and will be listing its shares via…
Share
On Tuesday, Chinese electric vehicle maker NIO soared to a new all-time high of $17.87 after UBS raised its target price by a whopping 1,530%. Meanwhile, it’s worth noting that while UBS upgraded NIO stock from a sell to neutral, the firm still does not have a buy rating on the stock. While it raised…
Share
US strategists predict a victory for Democratic Presidential candidate Joe Biden – but are split on what this means for the money markets. According to a CNBC survey of 20 strategists, 14 expect the Delaware Senator to be the next US president, with only six forecasting Donald Trump will retain the presidency. Ten strategists expect…
Share
Norway’s sovereign wealth fund posted a loss of $21.27bn (188 billion Norwegian crowns) in the first six months of the year, as it saw “big swings” across global stock markets due to the coronavirus pandemic. “The year began optimistically, thanks partly to expectations of healthy growth in the real economy,” said the world’s largest wealth…
Share
US stock markets have been the best performing major stock market this year, but some traders are advising clients to invest in overseas markets as they expect them to outperform in the second half of 2020. Despite being the worst affected country from the coronavirus pandemic, US stock markets are outperforming global markets. While most…
