Payoneer goes public on Nasdaq with $1 billion market cap
Payoneer goes public on Nasdaq with $1 billion market cap The payment provider, Payoneer, went public on the Nasdaq stock exchange on Monday after a merger with a special purpose acquisition company (SPAC). Payoneer first announced its planned merger with an already publicly traded SPAC company, FTAC Olympus Acquisition Corp., back on February 3, 2021, in a deal worth $3.3 billion. On Monday, both companies announced that the merger was finalized and Payoneer went […]
Is there an upside to the crypto crash?
Is there an upside to the crypto crash? ‘Volatility is what makes trading crypto so exciting’, says CMTrading’s Daniel Kibel ‘It’s a market that has huge highs and tremendous lows,’ says. CMTrading’s Daniel Kibel as he shares his thoughts on the cryptocurrency market. The cryptocurrency market reached record highs and suffered a disastrous retraction in April 2021 when Bitcoin reached a record of $63,000 only […]
Cashing in on COVID-19: The world gained 5.2m millionaires
Cashing in on COVID-19: The world gained 5.2m millionaires – Find out which country produced the most six-figure earners! The world’s wealthiest saw a substantial increase in their finances, with more than 5.2million joining the elite “millionaire” club. Find out which countries produced the most millionaires! The impact of the pandemic saw personal wealth, particularly for the world’s poorest, decline during the […]
South Africa in lockdown: ‘Level 4’ a speed bump on the road to economic recovery
South Africa in lockdown: ‘Level 4’ a speed bump on the road to economic recovery Poor market sentiment decreased production… we look at how South Africa’s move to a higher level of lockdown will affect its economy. Despite global vaccine rollouts, the world remains in the grip of COVID-19 with many countries experiencing a […]
Oil benchmarks rally to record highs despite OPEC+ talks of production hikes
Oil benchmarks rally to record highs despite OPEC+ talks of production hikes Oil prices may have tumbled in 2020 due to the demand crash, however, both oil benchmarks are now trading at two-year highs thanks to the global rollout of the COVID-19 vaccines and renewed recovery hopes amid global travel resurgence. With oil demand soaring in 2021, inflation fears and mounting calls for governments and oil producers to curb emissions there is […]
Stock of the week: Apple up 2%, survives tough week in the market
Stock of the week: Apple up 2%, survives tough week in the market Apple stock has finally caught a break to push higher, breaching key resistance levels in the process. Despite Appl’s record performance its stock has not seen similar spikes in recent months. In the week of June 14 – 18 however, the tech titan finally caught a break to […]
NFTs are booming in 2021: Global broadcaster CNN and ELF Cosmetics join the blockchain trend
NFTs are booming in 2021: Global broadcaster CNN and ELF Cosmetics join the blockchain trend While the crypto market might be struggling, NFTs are booming with global media giant CNN joining the fray. While the crypto market has hit a major stumbling block in recent months, blockchain technology in the form of Non-fungible tokens (NFTs) is booming. From media giant CNN to cosmetic group E.L.F, major […]
Gold price analysis: can XAU/USD revisit $2,000 following June’s crucial FOMC meeting?
Gold price analysis: can XAU/USD revisit $2,000 following June’s crucial FOMC meeting? Gold (XAU/USD) prices have managed to recover since March when the yellow metal tumbled well below the $1,700 mark. However, despite higher inflation figures, the US dollar continues to dominate the markets and pressuring gold, which failed to breach resistance at $1,900. With the Federal Reserve meeting and interest rate decision taking place […]
Stock of the Week: Amazon up 5%, shopping giant gearing up for huge Prime Day sales
Stock of the Week: Amazon up 5%, shopping giant gearing up for huge Prime Day sales Amazon stock is up by 5% as the online shopping giant continues to dominate the market. Amazon stock is up by 5% as the online shopping giant continues to dominate the market. The company was the clear winner […]
Huge boost for Crypto: El Salvador becomes first country to accept Bitcoin as legal tender
Huge boost for Crypto: El Salvador becomes first country to accept Bitcoin as legal tender Cryptocurrency took a huge step towards legitimacy as El Salvador becomes the first country to adopt Bitcoin as legal tender. The Cryptocurrency market took a huge step towards legitimacy as El Salvador becomes the first country to adopt Bitcoin as […]