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While the second largest challenger bank CYBG PLC (LON:CYBG) has lost significant value since hitting an all-time high of £320 in mid-2018, the investors are yet wondering whether the stock has reached its real valuations. CYBG stock is down almost 47% from the all-time high that it had hit last year; the stock is currently…
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After a strong first-half performance amid the tech rally US stocks have weakened in August and the Nasdaq Composite has lost 8% while the S&P 500 is down 5.2%. Both the indices have fallen for three consecutive weeks as fears rise. Incidentally, the fall in US stocks is coming at a time when the Bank…
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AI is the newest battlefield for tech companies and after launching its Tongyi Qianwen chatbot, Alibaba has now launched Tongyi Wanxiang a generative AI tool to generate images from text. There are already such offerings from other companies including DALL-E from OpenAI. OpenAI’s ChatGPT is among the most well-known AI tool and it became the…
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US stocks fell slightly yesterday and ended their three-day rally after the Fed June meeting minutes showed that the US central bank is looking to hike rates even further. At the June meeting, the Fed paused its rate hikes after ten consecutive hikes. The Fed embarked on its rate tightening cycle in March 2022 and…
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US stocks have looked strong in the first half of the year and with gains of over 36%, the Nasdaq 100 is headed for its best first half ever. Here’s what analysts predict for the markets in the back half of the year. US stocks entered 2023 on a negative note after the Nasdaq lost…
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Speaking at a monetary conference in Washington, Fed chair Jerome Powell said that interest rates might not need to rise as much as expected to curb inflation due to the stress in the banking sector. Powell said that the Fed hasn’t yet decided on the policy action for its June meeting and reiterated that it…
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Earlier this week Chinese e-commerce giant Alibaba (NYSE: BABA) said that it would split into six businesses. The stock soared after the announcement and Morgan Stanley sees more upside amid the value unlocking. Alibaba would become a holding company and would split the business into six units. These are The Taobao Tmall Commerce Group, Cainiao…
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After Disney (NYSE: DIS) released its earnings for the fiscal first quarter of 2023, activist investor Nelson Peltz whose firm owns Disney shares ended the proxy fight. Peltz runs the Trian Fund Management which took an $800 million stake in DIS in Q4 2022. The fund nominated Peltz for a board seat and started a…
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Activist investor Nelson Peltz whose firm owns Disney shares is pushing for a board seat which the company has opposed. Disney might face a proxy fight even as the company’s CEO Bob Iger tries to turn around the business. Peltz runs the Trian Fund Management which took an $800 million stake in the company in…
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Those fancying a Santa Claus Rally this year are in for a rude shock as US markets have plummeted this week. Apple stock (NYSE: AAPL) which was holding steady so far is also drifting towards its 52-week lows amid the crash. Meanwhile, despite the recent weakness Apple stock is outperforming not only its FAANG peers…
