By the middle of next year, Intel Corp. aims to sell shares of its Mobileye car Company, allowing the chipmaker to profit from its investment in a developing sector. After the acquisition, which includes an initial public offering of freshly issued Mobileye shares, Intel will remain the majority owner, the firm said in a statement … Read More
The Metaverse Will Have A Significant Impact On Human Existence. Here Are Seven Firms That Might Benefit Significantly. According to Jefferies analyst Simon Powell, the MetaverseMetaverse will be disruptive to society once it reaches its full potential during the next decade. However, numerous businesses may gain a lot from the new digital economy. “A single … Read More
Nasdaq will overtake the NYSE in an IPO year with a record number of offerings. This year, Nasdaq Inc is expected to outperform rival New York Stock Exchange (NYSE) in terms of initial public offers (IPOs), with firms raising record amounts of cash through new stock floatation in the United States. Except for a few … Read More
Last week, cryptocurrencies had net inflows but outflows on Friday. According to figures released on Monday by digital asset management, Coin Shares, cryptocurrency products, and ETFs attracted $184 million in net inflows last week. However, according to Coin Shares, Friday’s price decline resulted in $40 million in withdrawals. Total inflows for the year totaled $9.1 … Read More
Saudi Arabia’s national wealth fund plans to sell shares in Saudi Wealth Fund to Sell STCs up to $3.1 billion to bankroll a massive investment program to diversify the oil-dependent economy. According to a statement to the stock exchange, the National Investment Fund will sell a 5% stake in STC, the Gulf East region’s most … Read More
In the week, shareholders will be waiting for information on the Omicron version and hyperinflation. Last week, market volatility was fueled by concerns about each of these causes. The two are inextricably linked. Many people are concerned that a new wave of the coronavirus would cause a halt in consumer mobility and spending, affecting economic … Read More
Shareholders traded on macroeconomic factors rather than the Governmental Treasury’s preconceptions for stimulus spending after poor November payrolls data was released, reversing a months-long trend in which investors sold on economic fundamentals rather than the Federal Reserve’s expectations for economic stimulus. The 60-day correlation between S&P 500 e-mini futures and the Citi Economic Shock Index, … Read More
The choice of ride-hailing firm Didi Global Inc to disband from the New York Stock Exchange contributed to fears about heightened regulatory scrutiny at home and worsening Sino-US ties, sending shares of Alibaba, Baidu, JD.com, and other Chinese businesses listed in the U.S. down on Friday. Didi’s stock dropped 22.2 percent to $6.07, as the … Read More
A dramatic selloff in large technology companies drove down equities on Friday, capping a week of vertiginous financial market volatility. Investors have had a lot on their minds recently, from Federal Reserve Chair Jerome Powell’s hawkish posture to the possible impact of the omicron coronavirus epidemic on the global market. A mixed jobs data in … Read More
As firms increased hiring, a measure of U.S. services industry activity surprisingly surged in November, setting a new record high. Still, there was no evidence that supply bottlenecks were easing, and prices remained high. On Friday, the Association for Supply Chain administration said that its non-manufacturing activities index rose to 69.1 in November, up from … Read More