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ConocoPhillips (NYSE: COP) stock price lost more than 10 per cent of value since the beginning of this year due to lower oil demand from China. The coronavirus outbreak has significantly slashed oil demand from the second-largest economy; the country accounts for almost 20 per cent of global oil imports. Oil prices declined sharply in…
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The global shift towards a cashless society presents a huge opportunity for mobile wallets, with millions of people using this payment method. Mobile wallets wiped out the need for carrying money while reducing the chances of theft or losing currency. These conveniences are expected to continue driving the impressive market growth, in both consumer and…
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Alibaba (NYSE: BABA) stock price reversed some losses that it had made during the last couple of weeks due to the threat of coronavirus. Alibaba is the largest Chinese online retailer that has extensive foot-prints in global markets. Some investors believe the outbreak of coronavirus could have a drastic impact on BABA’s financial numbers. This…
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Chinese telecoms giant Huawei has been barred from contracts worth billions and seen the public perception of its brand crash across four countries across three continents in a few short months. China’s ambassador to the UK said backbench MPs who continue to protest the firm’s involvement in building Britain’s 5G infrastructure are conducting “a witch-hunt”….
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Apple (NYSE: AAPL) stock price is among the best performers in the tech industry. The substantial share price rally has stretched its market capitalization to $1.4tl. AAPL share price is currently trading around the highest level in history; the shares rose close to 90 per cent in the past twelve months. The market analysts, however,…
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2019 was an active year for European stock markets, with some of them reaching record highs. Although almost every country in Europe has a stock exchange, only five are considered significant with assets of more than one trillion dollars. The market capital of the three largest stock exchanges in Europe amounted to $10.8trn worth at…
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PayPal (NYSE: PYPL) stock remains the best performers over the last twelve months. Its share price is currently hovering close to the highest level of $121. Although the share price rallied more than 29 per cent in the past year, the market analysts are anticipating further upside in the coming days. They believe the muted…
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Tesla (NASDAQ: TSLA) stock price has been experiencing big price swings over the past couple of weeks. The stunning year to date stock price rally of more than 100 per cent before the latest selloff stunned analysts and other market players. Although TSLA share price plunged from the record level of $960 that it had…
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The Tesla electric automaker has quite recently set up a factory within Shanghai, the financial hub of China. Production has now been set to resume on the 10th of February, assisting to help combat the effects of the coronavirus epidemic. The assistance comes from none other than the Shanghai government, as an official from it…
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David Shipley, a film producer who took part in the Pro-Brexit documentary film, has been jailed for more than three. The sentence was in regards to lying about his income in order to secure a whopping £519,000 loan, something he couldn’t even earn with a year’s pay at the time. Guilty of False Statements Shipley…
