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The 10-year anniversary of Elon Musk’s company going public has yielded positive results for Tesla stock. As the electric vehicle maker moves into double figures as a publicly-traded company on Monday, investors are celebrating its success from the initial public offering price of $17 a share to $1,079 on the technology-laced Nasdaq stock exchange. Since…
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US-China relations are worsening deteriorating as each week goes by with both governments escalating trade threats and exchanging regulatory punches that threaten a wide range of industries including technology, energy and air travel. Both countries have blacklisted each other’s companies, barred flights and expelled journalists. The unfolding events have caused waves of unrest among global…
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Virtual meetings as a way to streamline business schedules and reduce costs have become increasingly popular in recent years. However, with lockdown rules in place and millions of employees working from home, the COVID-19 pandemic has led to a surge in the use of the web conferencing platforms. Global spending on cloud-based web conferencing solutions…
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Revolut has launched a silver trading operation as part of the digital bank’s plans to broaden its fee-paying services to its large customer base. The London-based lender said on Tuesday it will sell silver to account holders in the commodities tab in the wealth section of its app. The feature has an auto-exchange option, which…
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BlackRock, the world’s largest fund manager, has cut the fees on its largest ETF by one basis point, 0.01%, to match the charges of its rival Vanguard. BlackRock would now charge 0.03% for its iShares Core S&P 500 ETF which has assets under management (AUM) of $195bn making it the second-largest ETF tracking the S&P…
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The coronavirus crisis may have wreaked havoc through markets, entire industries and economies but some brands that have emerged stronger than before after the lockdown. One such company is Netflix, which has seen a growing interest from investors and stock brokers in Netflix stock. Netflix stock has outperformed the Zacks Broadcast Radio and Television industry…
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Behavioral finance expert Dan Egan (pictured) says retail investors are practicing “entertainment investing”, as trading platforms and online brokerage firms see a surge in investor deposits during the pandemic. The managing director of behavioral finance and investing for Betterment said that this trend is primarily driven by people staying at home with little else to…
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The pound sterling shed nearly 41 basis points during today’s forex trading activity, despite stronger than expected economic data pointing to a recovery in the country’s services and manufacturing sector. The EUR/GBP currency pair, which tracks the relationship between the EU monetary unit and UK’s domestic currency, saw a sharp rebound during early morning trading,…
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The former boss of German payments firm Wirecard has been arrested on Tuesday amid an accounting scandal that centres on a missing €1.9bn. Markus Braun (pictured) had resigned as chief executive on Friday and was replaced by James Freis, who joined from Deutsche Börse the day before. Wirecard is battling an accounting crisis that has…
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Although Bitcoin is now in its 11th year since gracing the world with its presence, only a very small percentage of the wider population have taken the plunge by making a personal investment of their own. The good news is that it is still not too late to catch this innovative asset class. In fact,…
