$5trn wealth shock: Trillions lost since the start of 2022
$5trn wealth shock: Trillions lost since the start of 2022 Surging interest rates and poor market sentiment have devastated the stock market in the past month. Another casualty however of these uncertain times is the USA’s collective wealth. A report by JP Morgan reveals that the world’s richest nation is getting poorer. The onset […]
Stocks crash, inflation soars: What you should do when markets are down
Stocks crash, inflation soars: What you should do when markets are down Global markets continue to be affected by high inflation which has resulted in extreme volatility in many markets, especially equities. US stocks suffered a major crash that erased $1.5 trillion of market value from US equities on May 16, reports Bloomberg. The […]
Oil companies made nearly $100bn so far in 2022
Oil companies made nearly $100bn so far in 2022 The ongoing conflict in Eastern Europe has proven extremely lucrative for the world’s biggest oil companies. Financial records reveal that 28 of the largest producers made close to $100bn in combined profits in the first quarter of 2022, reports The Guardian. Russia’s invasion of Ukraine […]
Crypto bloodbath: Can Bitcoin bounce back?
Crypto bloodbath: Can Bitcoin bounce back? The Cryptocurrency market started in 2022 poorly and that trend continues in May. Cryptocurrencies extended a mass sell-off on May 11, with Bitcoin dropping to its lowest levels in 16 months. Don’t miss out – Get daily Trading Signals The sell-off of so-called stablecoins sent shockwaves throughout the crypto […]
Stocks fall, dollar climbs amid fragile market sentiment
Stocks fall, dollar climbs amid fragile market sentiment At the start of 2022, many economists were hoping for a year of regrowth and recouping losses from the global pandemic. Unfortunately, this year has been marred by a huge sell-off in the stock and cryptocurrency market. Trade the best stocks in the world In May, […]
Pandemic profits: Moderna, Pfizer earn billions in Q1
Pandemic profits: Moderna, Pfizer earn billions in Q1 At the height of the pandemic, hopes fell to major pharmaceutical companies to develop vaccines and treatments. The COVID19 vaccines were part of a herculean effort by companies and governments to get an effective treatment out as fast as possible. Moderna and Pfizer are two major companies […]
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Achieve Financial Freedom with Our New Website! The financial markets are a gateway to profits for savvy traders. It’s constantly evolving, and traders can achieve high profitability, provided they’re able to adapt to an ever-changing environment. Even if you’re not a trader you can benefit from global markets by simply starting an Introducing Business (IB) […]
Oil – BP’s profits soar in billions
Oil – BP’s profits soar in billions The global economy is still reeling from the ongoing conflict in Eastern Europe. As Russia’s invasion of Ukraine enters its third month, many countries are reporting escalating fuel prices curbing economic growth. One sector, however, is thriving – oil companies are reporting record profits in Q1 2022. […]
Central African Republic adopts Bitcoin as legal currency
Central African Republic adopts Bitcoin as legal currency Bitcoin traders received a boost as a major African country adopted the king of cryptocurrencies as legal tender. The Central African Republic has become the first African country, and only the second in the world, to adopt Bitcoin as a form of legal currency. Become a better […]
Elon Musk buys Twitter for $44 billion – What’s next for the social platform?
Elon Musk buys Twitter for $44 billion – What’s next for the social platform? And sold to the Electric car billionaire at the back of the room! After weeks of back and forth, Tesla CEO Elon Musk has purchased Twitter for a cool $44 billion. It is pocket change for the world’s richest […]