Uber has made a small deal with a big message for investors. The company is buying a 4.5% stake in German food-delivery group Delivery Hero for about €270 million, or roughly $318 million, by acquiring 13.6 million shares from Prosus at €20 each. The timing matters as Prosus is selling the stake to satisfy European… Continue reading Is Uber stock a buy after its bold $318M European expansion bet?
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Top FTSE 250 and FTSE 100 shares to watch: LSEG, Sainsbury’s, ASOS
The FTSE 100 Index rally stalled this week, even as its US counterparts soared to a record high amid falling fears of the ongoing Iran war. It was trading at £10,600, up sharply from the year-to-date low of £9,690. Similarly, the FTSE 250 Index jumped to £22,920, its highest point since February. This article explores… Continue reading Top FTSE 250 and FTSE 100 shares to watch: LSEG, Sainsbury’s, ASOS
Crypto rally today: Top reasons Bitcoin and altcoins are going up
The crypto market is going up, with Bitcoin and top altcoins remaining in the green in the past few weeks. Bitcoin jumped to $75,000 while top tokens like RaveDAO, Memecore, Siren, and Celestia have jumped by double digits. This article looks at some of the reasons behind the crypto rally. Crypto rally happening as traders… Continue reading Crypto rally today: Top reasons Bitcoin and altcoins are going up
Wipro stock plunges 3%: is Indian IT stuck in a slow-growth trap?
Wipro stock fell after the Indian IT services company issued a weak revenue outlook for the upcoming quarter, reviving investor concerns about demand, execution and the pace of any recovery in the sector. The softer guidance suggests clients remain cautious, particularly among banking and financial services customers in key overseas markets, while the conversion of… Continue reading Wipro stock plunges 3%: is Indian IT stuck in a slow-growth trap?
Solana price at risk as key network metrics drops, ETF inflows slow
Solana price has moved sideways in the past few months as activity in the network slowed and the crypto winter continued. SOL token has remained inside the narrow range between $75 and $93 since the first week of February this year. It is stuck in a deep bear market after falling from last year’s high… Continue reading Solana price at risk as key network metrics drops, ETF inflows slow
Why are foreign investors rushing back into South Korea right now?
Foreign investors are returning to South Korea’s markets after a brutal March sell-off, drawn back by a sharp rebound in equities and growing demand for the country’s bonds ahead of its inclusion in a major global debt index. The shift marks an important test for Seoul’s markets: whether a recovery driven by technology optimism and… Continue reading Why are foreign investors rushing back into South Korea right now?
Hang Seng dips as Asian markets balance truce hopes, oil risk
Asian markets traded mixed on Friday as investors balanced optimism over a tentative ceasefire between Israel and Lebanon and the prospect of renewed US-Iran talks against lingering concern about energy supply and the durability of the recent equity rally. The key change from earlier in the week is that markets are no longer bracing for… Continue reading Hang Seng dips as Asian markets balance truce hopes, oil risk
Nikkei 225 Index slips after hitting key price: here’s why and what next
The Nikkei 225 Index pulled back by over 0.80% on Friday, April 17, as the recent rally took a breather. It also retreated after the IMF pushed the Bank of Japan (BoJ) to hike interest rates, and as the war risk remained. It dropped to ¥58,930, a few points below the all-time high of ¥59,600. … Continue reading Nikkei 225 Index slips after hitting key price: here’s why and what next
Dow Jones gains 115 pts as S&P 500, Nasdaq hit records on Iran hopes
Wall Street extended its rally on Thursday, with the Dow Jones Industrial Average rising alongside fresh record highs in the S&P 500 and Nasdaq Composite, as investors grew increasingly optimistic about a potential easing of geopolitical tensions tied to the Iran conflict. The S&P 500 rose 0.26% to close at 7,041.28, while the Nasdaq Composite… Continue reading Dow Jones gains 115 pts as S&P 500, Nasdaq hit records on Iran hopes