Goldman Sachs senior strategist John Marshall is urging investors to revisit meme stocks – equities that attract outsized attention and trading volume from retail investors – amid a resurgence in Main Street participation.Marshall believes retail enthusiasm is now spilling over from niche sectors like crypto and artificial intelligence (AI) into…
Bullish remained the front and centre of all financial debates on Wednesday as the crypto-focused exchange backed by Block.one made a splashy entrance on Wall Street.Bullish priced its initial public offering (IPO) at an upwardly revised $37. However, sharp interest from both retail traders and crypto enthusiasts pushed it well…
A powerful three-day rally across Asian equities came to a sudden halt on Thursday, as bombshell comments from US Treasury Secretary Scott Bessent sent a jolt through currency markets, strengthening the yen and sending Japanese stocks into a sharp retreat. The move unleashed a dramatic divergence across the region, with…
A stark divergence is splitting European markets on Thursday, as bourses in Germany and France push higher while London’s FTSE 100 falters, unable to capitalize on better-than-expected domestic growth data. The hesitant mood comes as investors digest a flurry of economic reports ahead of another crucial inflation reading from the…
Otis Worldwide Corp.’s share price has been on a slow decline for much of the year, but signs are emerging that the worst may be over. While the stock has slipped more than 3% year to date, it gained over 2% in the past week, supported by improved analyst sentiment…
In a strategic move to reduce reliance on China, state-owned Indian miner IREL is reportedly seeking partnerships with Japanese and South Korean companies for the commercial production of rare earth magnets, according to Reuters.The company is reportedly exploring rare earth processing technology in Japan and South Korea, possibly via government-to-government…
Aviva shares climbed to their highest level since before the 2008 financial crisis on Thursday, after the FTSE 100 insurer reported a 22% jump in first-half operating profit and lifted its interim dividend by 10%.The London-listed group’s stock rose 5% in early trading to 691p, a more than 17-year high,…
A powerful three-day rally across Asian equities came to a sudden halt on Thursday, as bombshell comments from US Treasury Secretary Scott Bessent sent a jolt through currency markets, strengthening the yen and sending Japanese stocks into a sharp retreat. The move unleashed a dramatic divergence across the region, with…
All eyes will be on CK Hutchison this Thursday as the Hong Kong conglomerate prepares to release its results, with investors keenly awaiting any updates on the proposed $22.8 billion sale of its ports business to a BlackRock-led consortium.At 0900 GMT, the ports-to-telecoms group is scheduled to present its interim…
A stark divergence is splitting European markets on Thursday, as bourses in Germany and France push higher while London’s FTSE 100 falters, unable to capitalize on better-than-expected domestic growth data. The hesitant mood comes as investors digest a flurry of economic reports ahead of another crucial inflation reading from the…