Howard Marks, a widely respected value investor and co-founder of Oaktree Capital Management, recently issued a memo highlighting several cautionary signs of a potential bubble in the stock market. Marks, who famously foresaw the dot-com bubble, pointed out that today’s high market valuations could lead to poor returns over theRead More →
The S&P 500 index witnessed big gains right from the start of 2024. In the first quarter of the year, it jumped up 10.20%. That’s around more than 10 times its average gain since 2000. However, the momentum couldn’t be sustained as the S&P added 3.9% and 5.5% in theRead More →
The Dow Industrial Average dropped 1,123 points to 42,326.87, marking its 10th consecutive day of decline and the longest since 1974. The Dow is lining up for potentially its worst weekly performance since March 2023. The S&P 500 fell 2.95% to 5,872.16, while the Nasdaq Composite decreased 3.56% 19,392.69 asRead More →
On Tuesday 17th December 2024, the Dow Jones Industrial Average lost 0.61%, completing a nine-day losing streak. The Dow Jones Industrial Average has recently experienced its longest losing streak since the 1970’s – 1978 to be precise. The index has suffered nine consecutive days of declines. This downward trend began on 4th December,Read More →
Nvidia recently entered correction territory, with its stock falling over 10% from its peak. This decline comes after a robust rally fueled by investor excitement around AI technology. Despite Nvidia’s slip, the Nasdaq Composite continues to soar to new highs, driven by strong performances from other tech giants like Apple,Read More →
Apple has finally rolled out updates for iPhone on Wednesday 11th December 2024, iPad, and Mac software, featuring the highly anticipated ChatGPT integration with Siri. The integration is activated when Siri is posed with complex questions. If a question is deemed more suitable for ChatGPT by Apple’s software, Siri willRead More →
Tesla shares soared to an all-time high on Wednesday exceeding their previous record set in 2021, driven by a post-election rally and heightened enthusiasm Wall Street for Elon Musk’s electric vehicle company. The stock increased to an intraday high of $415, exceeding its previous peak by 50 cents and closedRead More →
On Friday 29th November 2024, the Dow Jones reached a new record high, closing at 44,910 points after breaching 45,000 temporarily This formed part of a wider market surge that led the S&P 500 and Nasdaq Composite to also hit record peaks. It concluded a remarkable month for the stockRead More →
In a significant turn of events, the 2024 U.S. elections have ushered in what many are calling the most pro-crypto Congress in history. The significant shift in political dynamics is largely due to the substantial financial support from the cryptocurrency industry, which has strategically funded political campaigns to foster aRead More →
Is Nvidia competing with itself now? Nvidia third-quarter earnings beat expectations, but shares dropped 2.5% in extended trading. The company’s revenue surged 94% year on year to $35.08 billion in the quarter ended 27th October 2024. Net income climbed 109% from a year ago to $19.3 billion. Sales of Nvidia’s next-generationRead More →
The U.S. stock market has been a topic of much debate among investors and analysts, especially regarding its valuation levels. As of the end of 2024, several indicators suggest that U.S. stocks might be overvalued. Buffet indicator One of the most watched metrics is the Buffett Indicator, named after theRead More →
Tesla shares enjoyed a Trump pump on Monday 18th November 2024 after reports that President-elect Donald Trump’s team intend to prioritise a federal framework for regulating autonomous vehicles within the U.S. Department of Transportation. Elon Musk was a prominent advocate in the business sector for Trump’s re-election campaign leading upRead More →
Gold prices have fallen to near a two-month low as the dollar strengthens in the wake of Donald Trump’s election victory last week. This downturn has halted the bullion’s rally, which had achieved a series of record highs over the past year. Gold has seen a decline in six ofRead More →
Samsung’s struggle in the AI race Samsung, previously a powerhouse in the semiconductor industry, has encountered significant hurdles in the AI competition, leading to a notable decline in market value. The company’s faltering stance can be attributed to a variety of factors, such as strategic errors, fierce competition, and swiftRead More →
Elon Musk’s Vision for Tesla’s Trillion Dollar Future Elon Musk, the visionary CEO of Tesla, has consistently set ambitious goals for the company. Among his most audacious claims is that Tesla could potentially become a multi trillion-dollar company and even reach a valuation of $25 trillion, largely driven by theRead More →
Bitcoin has achieved a new all-time high, surpassing $82,000, and has continued to climb. This suggests that investors are confident the world’s leading cryptocurrency will gain even more, following U.S. elections that resulted in a significant number of pro-crypto candidates being elected. During his campaign, President-elect Donald Trump vowed toRead More →
The U.S. stock market sunbathed in another day of records on Friday 8th November 2024. The Dow and S&P 500 recorded their best week in a year after Trump’s election win. The Dow Jones Industrial Average rose 259.65 points to close at 43,988.99 and broke the 44,000 barrier in intraday trading. TheRead More →
More new records set in extended U.S. post-election rally The S&P 500 and Nasdaq climbed on Thursday 7th November 2024, extending the rally following the victory of President-elect Donald Trump, while traders considered the implications of the Federal Reserve’s recent rate reduction. The S&P 500 rose to close at anRead More →
Bitcoin’s origin is one of the most captivating mysteries of the digital age. The cryptocurrency was created in 2008 by an unknown individual or group under the pseudonym Satoshi Nakamoto. Despite numerous investigations, the true identity of Nakamoto remains shrouded in secrecy. Story The story of Bitcoin begins with theRead More →
The Dow, S&P 500 and Nasdaq all hit new highs! Stocks rallied sharply on Wednesday 6th November 2024, with major indices hitting record highs, as Donald Trump won the 2024 presidential election. It looks like the Trump rally has already begun. The Dow Jones Industrial Average surged 1,508.05 points to a recordRead More →
After losing the re-election to President Joe Biden in 2020, Donald Trump, the 45th president, has now been elected as the 47th. Trump’s victory sets several historic records. At the age of 78, he becomes the oldest individual to win a U.S. presidential election. He is the first president toRead More →
Nvidia is set to replace its rival chipmaker Intel in the Dow Jones Industrial Average, signifying a significant change in the blue-chip index that highlights the surge in artificial intelligence and a substantial shift within the semiconductor industry. Intel’s shares fell by 1% in extended trading on Friday 1st NovemberRead More →
Apple Apple’s fourth-quarter results surpassed Wall Street forecasts for revenue and earnings per share. However, net income declined due to a one-time charge related to a tax settlement in Europe. iPhone sales and overall sales both rose by 6%. Amazon Amazon’s shares soared in after-hours trading following the announcement ofRead More →
Super Micro Computer’s shares dropped 33% in premarket trading 30th October 2024, following the announcement in a regulatory filing that Ernst & Young had stepped down as its accounting firm. The filing revealed that EY had expressed doubts about the AI server company’s “commitment to integrity and ethical values” duringRead More →
Volkswagen’s operating profit fell to 2.86 billion euros ($3.1 billion), with third-quarter sales revenue experiencing a 0.5% year-on-year decrease to roughly 78.5 billion euros. These figures come after Volkswagen lowered its annual outlook for 2024 last month, which was the second adjustment within a few months. The company has recentlyRead More →
Microsoft’s significant investment in OpenAI is impacting its earnings – 30th October 2024 The company reportedly indicated, following the quarterly earnings report, that Microsoft anticipates a $1.5 billion reduction in income for the current period, primarily due to projected losses from OpenAI. Microsoft’s nearly $14 billion investment in OpenAI, theRead More →