Finance
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GameStop Shares Rally Following Online Post by “Roaring Kitty”
GameStop shares experienced a significant rally of over 80% after “Roaring Kitty,” previously known as DeepF——Value on Reddit, made a triumphant return to the online sphere. Keith Gill, the man behind the Roaring Kitty persona, garnered attention for inspiring the epic short squeeze of 2021 that captivated the world of investing. The post that marked…
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Capturing Inflation with Horizon Kinetics’ Inflation Beneficiaries ETF
Horizon Kinetics’ James Davolos, portfolio manager of the Inflation Beneficiaries ETF (INFL), remains unwavering in his belief that the ETF is strategically positioned to thrive in the current market. Despite potential rate cuts by the Federal Reserve, Davolos is confident that the ETF is well-equipped to navigate the ever-changing economic landscape. The Impending Phase of…
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Challenges Faced by European Companies in China
The survey conducted by the EU Chamber of Commerce in China revealed that European companies in China are facing increasing challenges in maintaining profit margins as the country’s growth slows down and overcapacity pressures rise. According to the chapter head in Shanghai, delays in getting paid and difficulties in enforcing contracts have impacted businesses, especially…
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The BBVA Hostile Takeover Bid for Banco Sabadell: A Risky Move
The recent announcement by Spanish bank BBVA of a hostile takeover bid for domestic rival Banco Sabadell has taken the markets by surprise. This move comes after an initial takeover offer of 12 billion euros was rejected by Sabadell’s board, citing undervaluation of the bank’s growth prospects. BBVA’s decision to take its all-share offer directly…
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Monzo Raises $190 Million in Latest Fundraising Round
The British neobank Monzo recently secured an additional $190 million in funding, bringing its total fundraising for the year to an impressive $610 million. This raised capital came from new investors such as Hedosophia, known for supporting prominent European fintech companies like N26 and Qonto. In addition, Alphabet’s independent growth fund, CapitalG, also participated in…
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The Success of Berkshire Hathaway Under Warren Buffett’s Leadership
Berkshire Hathaway, under the leadership of Warren Buffett, reported a surge in operating earnings in the first quarter of the year. The company’s Class A shares saw an increase of 0.3% in morning trading, while Class B shares rose by about 0.4%. This increase in operating profit, which amounted to $11.22 billion, marked a 39%…
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The Potential Market for ETFs Beyond Traditional Investors
The world of exchange-traded funds (ETFs) may have a significant untapped potential market beyond traditional investors. According to Matt Kaufman from Calamos Investments, there are trillions of dollars currently sitting idle in CD and money market accounts. This represents a vast opportunity for ETFs to attract these funds into the market. Kaufman believes that this…
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Criticizing Societe Generale’s Handling of Trader’s Dismissal
It is not uncommon for companies to look for scapegoats when things go wrong, and the case of Kavish Kataria at Societe Generale is a perfect example. While Kataria was fired for unauthorized risky bets, he has criticized the French bank for shifting the blame on him rather than taking its share of responsibility for…
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Bitcoin Price Plunges Amid Broader Market Concerns
Bitcoin experienced a significant drop on Wednesday, reaching its lowest level in over two months as a result of broader risk-off sentiment in the markets. The world’s leading digital currency plummeted to $56,757.93, dipping below the $57,000 mark for the first time since February 28, according to CoinGecko data. As of Wednesday, Bitcoin was down…
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Analysis of After-hours Trading Activity Among Major Companies
In the after-hours trading session, Amazon saw a 2% increase in its stock price following a successful earnings report. The company reported earnings of 98 cents per share on $143.31 billion in revenue, exceeding analyst expectations. Although the advertising and Amazon Web Services segments performed well, the second-quarter revenue forecast fell short of estimates. This…