Tech stocks – slow-down or slump? July 27, 2021 With the COVID-19 pandemic accelerating the shift towards a digital-first world; technology stocks rose to all-time highs in 2020, as people spent more time online.1 However, as economies have begun to reopen following the rollout of highly effective coronavirus vaccines; tech stocks sold-off as investors rotated towards sectors set to benefit from reopening. In this [...]
Fair regulation would prove to be a bullish thing for cryptocurrency July 20, 2021 Whether inside or outside the Metaverse, when you steal from the rich and give to the poor, the economy collapses, argues Dr Chris Kacher.
Polar Capital profits surge 49 per cent July 1, 2021 Asset manager Polar Capital posted a robust set of results this morning, driven by strong inflows into its funds. Pre-tax profit climbed 49 per cent to £75.9m in 2021, up from £50.8m in the previous year. The firm recorded net inflows into its funds of £517m in the quarter to 25 June 2021. Assets under [...]
US stocks muted ahead of Fed Chair Powell’s testimony while FTSE climbs June 22, 2021 Wall Street was subdued at the open today as investors awaited Federal Reserve Chair Jerome Powell’s remarks for hints on how the central bank is balancing inflation risk with its promise to ensure a jobs market recovery. The Dow Jones Industrial average fell 0.3 per cent, while the S&P 500 lost 0.05 per cent. Meanwhile, [...]
MELD: The Banking Stack for the Cardano Ecosystem June 16, 2021 The Crypto AM spotlight shines on MELD - a decentralised borrowing protocol on the Cardano blockchain.
Road to recovery: FTSE 100 closes at highest point since the start of the pandemic June 15, 2021 The FTSE 100 has returned to its highest point since the start of the Covid-19 crash that wiped hundreds of billions of pounds off the index last year. The market ticked back up to 7,172.48 after gaining another 25.8 points on Tuesday, a 0.4 per cent rise. It means that the index is currently at [...]
Wall Street creeps higher as investors await cues on tapering and inflation June 9, 2021 Wall Street’s main indexes edged higher today but a lack of clear catalysts kept trading slow while investors awaited inflation data and an upcoming Fed meeting. The Dow Jones Industrial Average was up 0.1 per cent, while the S&P 500 gained 0.2 per cent at the open. Meanwhile, the tech-heavy Nasdaq rose 0.4 per cent, [...]
US investigates leaked records alleging billionaires including Musk and Bezos pay little tax June 9, 2021 The Treasury Department has asked authorities to investigate tax records cited in a media report that showed some of America’s richest people paid little to no income taxes. US media outlet ProPublica said it obtained a “vast trove of Internal Revenue Service data” on the tax returns of thousands of the nation’s wealthiest people, covering [...]
Wall Street inches higher on tech stocks boost while FTSE 100 flies June 8, 2021 Wall Street’s main indexes rose tepidly this afternoon as investors held their breath ahead of key US inflation data this week. The Dow Jones Industrial Average was flat, while the S&P 500 per cent gained 0.2 per cent at the open. Meanwhile, the tech-heavy Nasdaq rose 0.4 per cent as Tesla’s shares rose 2.9 per [...]
Millennial savings app Plum moves into pensions June 8, 2021 The popular savings app which has turned to TikTok to lure young investors is now turning its attention to retirement savings. Plum, which launched in 2017, is rivaling the cheap trading apps like Robinhood by moving into the investment space. It anticipated a growing interest among millennials around savings and investments with which has only [...]