Share
Mark Mobius, a long-time investor in emerging markets, doesn’t necessarily believe in the potential of Bitcoin trading. That’s right. The expert claims that it should be backed by gold, in fact, if it were to have any sort of value. During an interview on CNBC’s Squawk Box, the asset manager at Mobius Capital Partners not…
Share
The We Company, the parent of WeWork, stated on Wednesday that a woman would be added to the board of directors. The firm also unwound a $5.9 million payment to its chief executive for the use of the word “We,” a trademarked one, prior to the scheduled IPO (Initial Public Offering.) The woman in question…
Share
The National Transportation Safety Board (NTSB) on Tuesday made some scathing revelations of the driver assistance systems of EV maker Tesla on Tuesday. It confirmed that the company’s Autopilot was engaged during a 2018 car crash in Culver City, California. What happened during the crash? According to the NTSB, when the crash happened, the driver…
Share
Caterpillar (NYSE: CAT) stock price lost substantial value since the beginning of fiscal 2018. Concerns over trade war escalation along with pressure on the construction industry are adding to bearish sentiments. The majority of rating agencies have lowered their price targets and financial outlook for CAT. China recently announced $75 billion of tariffs on U.S….
Share
Hong Kong stocks have spiked after news emerged that under-fire leader Carrie Lam is set to formally withdraw the Exrradiction Bill to China. The Bill had led to months of unrest with the weekend witnessing the most brutal encounters between riot police and protesters. From the markets, property developers spearheaded the stock surge. Early Wednesday…
Share
Alibaba (NYSE: BABA) stock price has been struggling to sustain upside momentum over the last twelve months. Investors concerns over U.S. China trade war restricted its share price in the range of $129.77 – $195.72. The shares are currently trading around $172. Market pundits expect its share to hit $200 mark again this year. Alibaba…
Share
Investors are looking forward to a tough September after a dreadful August, which was characterized by low stock prices. However, the market showed resilience despite the current economic situation like the escalating trade war. This uncertainty will be influencing investor decisions in September. The current stock market resembles a similar period in 2018 but without…
Share
After a rare rough patch in 2017, Danish toy manufacturer Lego keeps growing its business and sales and reported very healthy numbers when it comes to sales in the first half of the year, according to a news piece from global agency Reuters. And, as it turns out, it is another global phenomenon in the…
Share
Authorities in China have a new target on their crackdown list- the P2P industry, which is worth a whopping $93 billion. In a dramatic turn of events, a prominent Chinese art collector and a billionaire from China surrendered himself to Shanghai police recently. What happened in Shanghai? Dai Zhikang is a well-known Chinese billionaire who…
Share
The Manufacturing PMI of the Eurozone registered 47.0 in August as production and new orders continue to fall. At the same time, confidence hit the lowest point since November 2012, suggesting the industrial sector could keep falling during the coming months. The information was released by IHS Markit on September 2nd. Manufacturing PMI Remains Negative…
