The Dow Jones Industrial Average recently hit a historic milestone, crossing the 40,000 mark. This achievement comes at a time when investors are optimistic about the potential of artificial intelligence to drive corporate profits and speculate on the Federal Reserve’s possible rate cuts. It’s a significant moment that was unimaginable just a year ago. Let’s
Finance
Nio, a Chinese electric car company, recently announced the launch of its new, lower-priced brand, Onvo, which aims to offer competitive pricing compared to Tesla. The first car under this brand, the L60 SUV, comes in at a price point that is approximately $4,000 cheaper than Tesla’s Model Y, making it an attractive option for
AMC Entertainment recently made headlines by raising approximately $250 million through a new equity capital sale. This move came during a period characterized by the resurgence of meme stocks, fueled in part by the return of “Roaring Kitty.” The company initiated an at-the-market equity offering on March 28, ultimately selling 72.5 million shares at an
In the fast-paced world of financial technology, companies like Klarna are continuously looking for innovative ways to stay ahead of the competition. Klarna, a Swedish fintech company known for its buy now, pay later services, has made significant strides in integrating artificial intelligence tools into its daily operations. With nearly 9 out of 10 employees
The GameStop shares were on a rollercoaster ride, rallying more than 80% in a single day after the online presence of “Roaring Kitty,” formerly known as Keith Gill, sparked enthusiasm among individual investors. This surge came in the wake of a short squeeze that captivated the financial world in early 2021. Roaring Kitty, a former marketer
The Inflation Beneficiaries ETF, created by Horizon Kinetics in January 2021, aims to capitalize on higher inflation rates in the market. Despite potential Federal Reserve rate cuts, Portfolio Manager James Davolos believes that the ETF is well-positioned for success. According to Davolos, the world is entering a phase of mature inflation, with rates expected to
The current environment for European companies operating in China is becoming increasingly challenging, as indicated by a recent survey conducted by the EU Chamber of Commerce in China. The survey revealed that a significant number of companies are facing difficulties in maintaining profitability in the country, with only 30% of respondents reporting higher profit margins
Spanish bank BBVA made headlines recently with its surprising announcement of a hostile takeover bid for Banco Sabadell, its domestic rival. This unexpected move came after Sabadell’s board rejected BBVA’s initial 12 billion euro takeover offer, citing undervaluation of the bank’s growth prospects. Despite this rejection, BBVA proceeded to take its all-share offer directly to
British neobank Monzo announced that it has secured an additional $190 million in funding, bringing its total raise for the year to $610 million. This significant investment was made by new investors, including Hedosophia and CapitalG, among others. As a result, the latest funding round values Monzo at around $5.2 billion, up from $5 billion
The recent surge in operating earnings reported by Berkshire Hathaway has caused a positive stir in the market. With a 39% increase in first-quarter operating profit, reaching $11.22 billion, the conglomerate has shown significant growth compared to the previous year. This growth has mainly been attributed to an increase in insurance underwriting earnings, particularly in