published 25 January 2023 2022 was a stock picker’s market, and 2023 is continuing this trend. What does that mean for investors? Put simply, it means that well-implemented active strategies can have better odds of outperforming compared to passive strategies. It also means that now is a good time to take a look at the… Continue reading The 5 Best Actively Managed Fidelity Funds to Buy Now
Asia’s richest person doubles down on defence against fraud allegations ahead of a massive share sale
The Adani Group on Thursday issued an 18-page presentation titled “Myths of Short Seller.” It aimed to address some of Hindenburg’s allegations of market manipulation and accounting fraud. Shares of listed Adani Group companies are extending steep declines on Friday, following the report. Loading Something is loading. Thanks for signing up! Access your favorite topics… Continue reading Asia’s richest person doubles down on defence against fraud allegations ahead of a massive share sale
US stocks jump as investors cheer upbeat GDP data and strong Tesla earnings
Jennifer Sor Reuters / Brendan McDermid US stocks jumped Thursday as investors cheered strong GDP data and Tesla earnings. GDP grew 2.9% over the fourth quarter, above estimates of 2.8%. Tesla rallied almost 11% after posting record results after the bell on Wednesday. Loading Something is loading. Thanks for signing up! Access your favorite topics… Continue reading US stocks jump as investors cheer upbeat GDP data and strong Tesla earnings
Bed Bath & Beyond sinks 35% after the retailer says it lacks funds to pay debts and receives a default notice from JPMorgan
Bed Bath & Beyond shares plunged Thursday after a fresh warning about its struggling financial condition. The struggling housewares retailer said it lacked funds to pay down debt, and JPMorgan said it was in loan default. Bed Bath & Beyond has already said it may have to file for bankruptcy. Loading Something is loading. Thanks for… Continue reading Bed Bath & Beyond sinks 35% after the retailer says it lacks funds to pay debts and receives a default notice from JPMorgan
Elon Musk reiterates his belief that Tesla will ‘be the most valuable company on earth’ amid record quarter for the EV maker
Elon Musk reiterated his belief that Tesla will be “the most valuable company on earth.”The comments came during the electric vehicle maker’s fourth-quarter earnings call.Tesla stock is down 59% from its 52-week high, but has rallied nearly 30% year-to-date. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed… Continue reading Elon Musk reiterates his belief that Tesla will ‘be the most valuable company on earth’ amid record quarter for the EV maker
Buzzfeed stock surges 200% on plans to use OpenAI to write stories
BuzzFeed shares soared 203%, trading at an intraday high of $2.88 on Thursday. The media firm will churn out content with the help of the ChatGPT creator, and has inked a partnership with Meta. BuzzFeed laid off 12% of its staff in December, axing around 180 roles. Loading Something is loading. Thanks for signing up!… Continue reading Buzzfeed stock surges 200% on plans to use OpenAI to write stories
Big Tech’s job cuts spur rallies even as economic slowdown looms
Big tech companies experienced a 5.6% bump in their stock price this month following an announcement of job cuts Author of the article: Bloomberg News Subrat Patnaik and Ryan Vlastelica Published Jan 25, 2023 • 3 minute read Join the conversation view of the main lobby of building BV200, during a tour of Google’s new… Continue reading Big Tech’s job cuts spur rallies even as economic slowdown looms
‘Today’s hike will be the last’: Economists say Bank of Canada to put interest rates on pause
Here’s what economists have to say about the latest Bank of Canada interest rate hike Published Jan 25, 2023 • 6 minute read 6 Comments Tiff Macklem is the governor of the Bank of Canada. Photo by BLAIR GABLE/Reuters The Bank of Canada raised its benchmark interest rate by 25 basis points to 4.5 per… Continue reading ‘Today’s hike will be the last’: Economists say Bank of Canada to put interest rates on pause
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