White House releases major plan to regulate crypto
White House releases major plan to regulate crypto The global cryptocurrency market peaked at $2.9 trillion in November 2021, but it has cratered to below $1 trillion in 2022. Even the king of cryptocurrencies, Bitcoin, crashed from a high of $65 000 to a new low of below $18 000 by September […]
Recession fears fuel oil price drop
Recession fears fuel oil price drop Oil market bearish Prices reflect fears of a slowdown in China, the USA, and Europe. OPEC remains upbeat on global economic growth The volatile oil market is good for traders The start of 2022 saw the price of oil surge beyond $120 a barrel, delivering oil companies their […]
Stock crash wipes $500bn from market
Stock crash wipes $500bn from market Global stocks were in a sea of red on September 14 as markets were bracing for even more aggressive US Federal Reserve policies aimed at curbing inflation. The major stock indices such as the S&P plunged into negative territory. Yet even as the market crashed, a swift rebound followed […]
Gas prices: Europe’s energy crisis
Gas prices: Europe’s energy crisis Energy prices have surged across Europe as Russia drastically reduced gas supplies. The gas supply issue is in response to sanctions over Russia’s invasion of Ukraine. All this amid rampant inflation and surging gas prices. The crisis has created volatility in the market, which for savvy traders is […]
Ethereum merge: Trade crypto’s biggest transformation
Ethereum merge: Trade crypto’s biggest transformation Ethereum will merge with the Beacon Chain End of proof-of-work to a proof-of-stake system Future scaling upgrades including sharding. Ether’s energy consumption to be reduced by 99.95% If you’ve been searching for an opportunity to trade crypto, this is it; Ethereum (ETH, Ether), the world’s second-largest cryptocurrency, will […]
Apple unveils iPhone 14: Is the tech stock a buy?
Apple unveils iPhone 14: Is the tech stock a buy? Nothing rocks the tech world like a killer app or product and Apple (AAPL.O) is the king of both. Tech giant Apple on September 8 launched its latest iPhone series featuring satellite messaging for emergencies and a new rugged watch for sports enthusiasts. […]
Luxury carmaker Porsche set for $84bn IPO
Luxury carmaker Porsche set for $84bn IPO The Volkswagen Group announced on September 5 that it will float luxury carmaker Porsche on the market. The Porsche IPO could become one of the world’s biggest listings. The IPO comes at a volatile time in the market; record-high inflation has stunted economic growth and a Russia-Europe energy […]
Commodity Focus: Oil price weakens, energy costs surge
Commodity Focus: Oil price weakens, energy costs surge Crude prices, a key catalyst for the Gulf’s financial markets, dropped on worries that aggressive interest rate hikes from global policymakers would slow economies and dent demand, while renewed coronavirus restrictions in China also added pressure. China’s factory activity contracted for the first time in three months […]
Walmart’s African expansion: $377m Massmart buyout
Walmart’s African expansion: $377m Massmart buyout US retail giant, Walmart (WMT.N) has made a $377.6 million (6.4 billion Rand) offer to purchase the remaining 47% of South African retailer Massmart (MSMJ.J). Shares of Massmart surged 46% after the ailing company announced news of the offer on August 29. Today, we take a look at Walmart’s […]
Tesla huge 3-for-1 stock split to rock markets
Tesla huge 3-for-1 stock split to rock markets Tesla will start trading on a split-adjusted basis on August 25. Earlier in August, shareholders approved a 3-for-1 split of the world’s most valuable electric vehicle company. It will be the second time Elon Musk’s company has split its stock in recent years. […]