Cryptocurrency expert and hedge fund manager, Mark Yusko, has made a bold prediction regarding the future of Bitcoin. Yusko believes that Bitcoin will more than double this year, reaching an impressive $150,000. This prediction comes as Bitcoin continues to gain momentum in the financial world, with more and more investors becoming interested in this digital
Finance
Chinese telecommunications giant Huawei reported a significant increase in net profit for 2023, more than doubling its figures from the previous year. This remarkable growth was primarily attributed to the company’s improved product offerings and a substantial revenue increase of 9.6% year-on-year, amounting to 704.2 billion yuan ($99.18 billion). The net profit saw an impressive
The S&P 500 has been experiencing an exceptional run in the past few months, with a remarkable 25% increase in the last five months alone. Such a substantial gain is rarely seen in the history of the stock market, with only seven other instances since 1950 surpassing this level of growth. While many experts are
Robinhood’s latest unveiling of its Robinhood Gold Card, a credit card offering cash back deposited into a brokerage account, caused shares of the brokerage firm to surge by more than 6%. This innovative approach to incentivize users to engage further with the platform could potentially drive more customer engagement and loyalty. However, it remains to
The Central Bank of Nigeria recently made the decision to raise its key interest rate by 200 basis points, signaling a move to address the country’s ongoing challenges with inflation and its currency crisis. This adjustment comes on the heels of a 400 basis point increase earlier this year, highlighting the seriousness with which policymakers
The private equity landscape in Asia Pacific saw a significant shift last year, with the total value of deals falling to its lowest since 2014. This decline can be attributed to various factors, including slowing growth, high interest rates, and volatile public markets. Fundraising also hit a 10-year low, painting a challenging picture for investors
The recent trend among investment analysts is to upgrade U.S.-listed Chinese stocks to buy, signaling a positive outlook for these companies. This comes as many Chinese firms are releasing their earnings for the last quarter of 2023 and the full year. While there is skepticism about China’s ability to meet its growth target for 2024
The world of exchange-traded funds (ETFs) is constantly evolving, with new products being introduced to cater to changing investor preferences. Roundhill Investments, a major ETF provider, is at the forefront of this evolution, exploring new opportunities in the market. One of their upcoming funds will focus on companies behind GLP-1 drugs, a move that reflects
Gray divorce, referring to the separation of couples aged 50 and older, is on the rise. The rate of gray divorce has doubled from 1990 to 2019, with a threefold increase among adults over age 65. This trend contrasts with declining divorce rates among younger adults, highlighting a significant societal shift. A study published in
Nike, the popular sneaker brand, fell 7% in midday trading following a soft outlook for the full year and reports of slowing sales in China. Despite beating expectations on both the top and bottom lines in its latest quarter, the company’s stock took a hit as investors reacted to the news. Athleisure company Lululemon saw
Nike, the iconic sneaker brand, experienced a 6.2% slump in its stock after reporting slowing growth in China in its fiscal 2024 third quarter. Despite posting better-than-expected quarterly earnings and revenue, Nike faced challenges with its Chinese market. The company’s North American sales and price changes helped to boost its overall performance, but the concerns
Micron, the semiconductor manufacturer, saw its shares soar by 16.5% in premarket trading following the release of its fiscal second-quarter earnings report. The company reported earnings of 42 cents per share on $5.82 billion of revenue, surpassing the expectations of analysts. Micron also provided a positive outlook for its third-quarter earnings and revenue, leading to