In a significant turn of events, the iShares Semiconductor ETF (SOXX) has experienced a notable surge, climbing from $470 to $550 within the span of just one month. This unexpected upswing has resulted in substantial losses for renowned investor Michael Burry, who had previously taken a bearish stance on semiconductor stocks. Recent data reveals that … Read more
In a recent event that sent shockwaves across the tech and business spheres, Elon Musk, the outspoken entrepreneur behind Tesla and SpaceX, unleashed a profanity-laced tirade against advertisers abandoning the platform formerly known as Twitter, X. Musk’s impassioned outburst, laden with expletives, served as a stark warning, indicating potential peril for the social media giant … Read more
In a shocking turn of events, Adidas CEO Bjorn Gulden announced on Wednesday that the sportswear giant is considering writing off its remaining inventory of Yeezy merchandise, valued at a staggering $320 million (AU$500 million). This comes as Adidas officially separates from the iconic brand designed by controversial rapper Kanye West, who lost his partnership … Read more
Disney’s recent earnings report is a rollercoaster of surprises and setbacks, and we’ve got all the juicy details you need to know! Strap in as we dive into the magical world of Disney’s financial ups and downs. Surpassing Expectations! Disney’s earnings soared high above expectations, thanks to the unstoppable forces of ESPN+ and the thriving … Read more
Shein, the Singapore-based fast fashion giant, is gearing up for a potential U.S. initial public offering (IPO) that could send shockwaves through the fashion industry. As reported by Bloomberg, the company is setting its sights on an eye-popping valuation of up to $90 billion, a significant jump from its $64 billion valuation from a recent … Read more
The stock market’s recent performance has been nothing short of remarkable, with the Dow Jones Industrial Average (DJI), S&P 500 (GSPC), and Nasdaq Composite (IXIC) all posting gains of over 5% in the best week of 2023. Investors around the world are closely monitoring the next moves of the Federal Reserve and upcoming earnings reports … Read more
In a stunning turn of events, office-sharing giant WeWork has filed for Chapter 11 bankruptcy protection in New Jersey federal court, marking a precipitous fall from grace for the once high-flying company. WeWork’s struggles have been making headlines for years, and this latest move reveals the extent of its financial turmoil. In this article, we … Read more
In a groundbreaking move, Protean eGov Technologies’ initial public offering (IPO) has taken the market by storm, offering investors a golden opportunity to be part of India’s digital revolution. With a price band of Rs 752 to Rs 792 per share, the IPO has already witnessed remarkable subscription numbers, making it the talk of the … Read more
For more than a century, Wall Street has been the go-to place for investors seeking substantial returns on their investments, leaving commodities, housing, and bonds trailing in its wake when it comes to annualized returns However, it’s crucial to recognize that the stock market, when viewed over shorter timeframes, becomes notoriously unpredictable. In a world … Read more
As the world grapples with a series of concerning economic indicators and worrisome news, there’s growing speculation about the impending collapse of the market. Fear not; we’re here to discuss the current state of the financial world, the sources of these alarming predictions, and whether there’s any substance to these claims. The Bearish Omen: In … Read more