Netflix stock loses $54 billion: Can the streaming giant recover?
Netflix stock loses $54 billion: Can the streaming giant recover? Whenever a member of the Facebook Amazon Alphabet Netflix Google (FAANG) stock club takes a hit, it’s bound to cause market upheaval. Streaming giant Netflix saw a disastrous 35% drop in its stock value, equating to about $54 billion in market capitalization. The reason? […]
Gold rises as traders weigh war and Inflation
Gold rises as traders weigh war and Inflation The gold price soared as traders assessed the ongoing war in Europe, escalating inflation, and a potential US recession. The precious metal climbed alongside increases in oil and natural gas. The possibility of a European Union (EU) embargo on Russian gas and crude oil has sparked volatility […]
How is Russia-Ukraine affecting the global economy?
How is Russia-Ukraine affecting the global economy? When two countries go to war it can be devastating for all involved. When those same countries happen to be two of the biggest wheat and oil producers in the world, the result can be globally catastrophic. With no sign of an early end to the war between […]
Stalling to takeoff: Global airline’s slow return to the skies
Stalling to takeoff: Global airline’s slow return to the skies The COVID-19 pandemic devastated the travel industry with many airlines grounded for years. In 2020, airline industry revenues total $328 billion, about 40% of 2019’s earnings. With dwindling COVID-19 numbers, effective vaccines, and lockdown’s lifted, there’s hope that many will take to the […]
‘Big oil’ profits on skyrocketing fuel prices
‘Big oil’ profits on skyrocketing fuel prices Where there’s war, there are war profiteers and in 2022 ‘Big oil’ companies are raking in billions. The ongoing conflict between Russia and Ukraine has played havoc with global oil supplies resulting in skyrocketing fuel prices. Despite both nations engaged in tentative peace talks, the world […]
Twitter shares soar as Elon Musk buys 9.2% stake
Twitter shares soar as Elon Musk buys 9.2% stake What does the world’s richest man do when he’s upset with a social media platform? He becomes its biggest shareholder of course… Tesla CEO Elon Musk set Twitter shares soaring as he purchased a 9.2% stake in the popular social media platform. Musk is […]
Market winners: Apple, oil, VeChain and more!
Market winners: Apple, oil, VeChain and more! From tech megacorporation Apple seeing its biggest winning streak to gold outperforming in 2022 so far, it has been an interesting week for traders. Bitcoin has regained ground after a disastrous start to 2022. The king of cryptocurrency is still way off its record highs experienced in 2021 […]
Crypto market hit by $615 million hacker heist
Crypto market hit by $615 million hacker heist The cryptocurrency market has been rocked as hackers stole cryptos worth approximately $615 million. The hackers hit Ronin, a blockchain project linked to the popular online game Axie Infinity. Ronin said the theft occurred on March 23 but was not detected until a week later. The blockchain […]
Support the champ and win Dricus Du Plessis’ signed battle gloves!
Support the champ and win Dricus Du Plessis’ signed battle gloves! Online trading is a lot like being a professional fighter; you must constantly train, study your opponent, and most importantly, you must roll with the punches. For these reasons and more, CMTrading, SA’s largest online broker, has partnered with South African UFC middleweight […]
All my expectations were met – CMTrading empowers new traders in Port Harcourt
‘All my expectations were met’ – CMTrading empowers new traders in Port Harcourt The financial markets are a gateway to billions in profits for savvy traders. Yet for many, the dream of financial security remains elusive. From free online courses to easy mobile apps, it’s never been easier to get involved in the financial markets. […]