The U.S. Securities and Exchange Commission is under scrutiny for the upcoming decision regarding ether exchange-traded funds. Ric Edelman, from the Digital Assets Council of Financial Professionals, believes that the lack of an over-arching regulatory framework for all cryptocurrencies will result in another delay for the approval of these ETFs. Edelman emphasizes the importance of
Global Finance
China recently released economic data that highlighted a mixed bag of results. Retail sales saw a modest increase of 2.3% in April, falling short of the 3.8% forecasted by a Reuters poll. This sluggish growth was a concerning sign for the consumer side of the economy. On the other hand, industrial production surged by 6.7%
Former Walmart U.S. CEO Bill Simon has sounded the alarms, warning that the retailer's reliance on higher-income consumers might not be sustainable in the long run. While these affluent shoppers have contributed to Walmart's recent success, Simon argues that their loyalty will be fleeting as economic conditions change. Simon critiques the foundation on which Walmart
Under Armour is facing a significant setback as its Class A shares plummeted by 11% and its Class C stock declined by 9% after the company issued full-year earnings guidance that fell below expectations. The sportswear maker now anticipates earnings in the range of 18 to 21 cents, which is a far cry from the
The Chinese electric car company Nio recently unveiled its new, lower-priced brand, Onvo, with the first car being an SUV called the L60. This new model is set to be about $4,000 cheaper than Tesla's comparable Model Y, making it an attractive option for those looking to enter the electric vehicle market without breaking the
GameStop and AMC, two popular meme stocks, experienced significant drops in their share prices on Wednesday. GameStop, a brick-and-mortar video game retailer, saw a decline of 29%, while AMC, a movie theater chain, dropped by 22%. This came after both stocks had seen impressive gains earlier in the week, with GameStop up 179% and AMC
AMC Entertainment recently announced the successful completion of a new equity capital raise, generating approximately $250 million in funds. This move took place amidst a resurgence of the meme stock craze, ignited by the return of “Roaring Kitty.” The company sold 72.5 million shares in an at-the-market equity offering that commenced on March 28. Despite
In a bold move towards technological advancement, Swedish financial technology company Klarna has reported that a significant majority of its workforce is now utilizing generative artificial intelligence tools as part of their daily tasks. With over 87% of its employees engaging with AI tools such as OpenAI's ChatGPT and the company's own internal AI assistant,
The recent departure of Adam Dodds, the CEO of U.K. stock trading service Freetrade, has sparked a wave of changes within the company. As Dodds steps down and hands over the reins to Viktor Nebehaj, it signifies a new chapter for Freetrade. This transition comes at a crucial point in the company's growth trajectory, as
GameStop shares have experienced a rollercoaster ride in the stock market, with a recent rally of over 40% in premarket trading. This surge came after “Roaring Kitty” (Keith Gill), the man behind the epic short squeeze of 2021, made a comeback online for the first time in three years. Gill, a former marketer for Massachusetts
The Inflation Beneficiaries ETF, created by Horizon Kinetics in January 2021, has been designed to thrive in an environment of rising inflation. Despite the possibility of the Federal Reserve cutting rates this year, James Davolos, the firm's portfolio manager, remains confident in the ETF's positioning. He believes that the fund is well-prepared for the “mature
European companies operating in China are encountering increasing difficulties in maintaining profitability due to a combination of slowing economic growth and overcapacity pressures. According to a recent survey conducted by the EU Chamber of Commerce in China, businesses in the country are facing challenges such as delays in payment, particularly from state-owned enterprises. These delays
- 1
- 2
- 3
- …
- 5
- Next Page »