In a week marked by political tension in Washington and wavering economic activity in China, investors found solace in signs of progress surrounding US debt-ceiling talks, prompting modest gains in global stock markets. Europe led the charge, with significant gains in mining and financial services stocks pushing most sectors in the regional benchmark into positive…
Billionaire Sam Zell, renowned for his exceptional ability to profit from distressed assets and for his significant contributions to the world of real estate, has died at the age of 81. The cause of death was complications from a recent illness, as per a statement released on Thursday by his private investment firm, Equity Group…
The dollar gained strength on Wednesday as investors sought its safe-haven status amidst concerns over a potential U.S. debt default. Additionally, traders adjusted their expectations of an imminent interest rate cut by the Federal Reserve following encouraging U.S. consumer spending data. Negotiations between U.S. President Joe Biden and Republican congressman Kevin McCarthy inched closer to…
Michael Burry, a prominent investor known for his role in “The Big Short,” has made substantial strides in the banking sector during the first three months of this year. Scion Asset Management, his investment venture, has recently revealed its updated positions in a multitude of regional banks, as per the documents furnished to the Securities…
Futures for the Dow Jones, S&P 500, and Nasdaq hinted at a positive opening on Wednesday, showing a slight increase early in the day. Investors eagerly awaited earnings reports from retail giant Target and software intelligence company Dynatrace. Meanwhile, electric vehicle manufacturer Tesla saw an uptick in its share price following its annual shareholder meeting,…
Masayoshi Son, the founder and CEO of SoftBank Group Corp., finds himself personally responsible for approximately $5.2 billion in side deals he established at the company, following substantial losses reported by SoftBank’s Vision Fund venture capital arm. The Vision Fund unit recorded a loss of ¥297.5 billion ($2 billion) in the three months ending in…
Keeping a vigilant eye on insider trading can often pave the way to profitable investment strategies. Esteemed investor, Peter Lynch, was famously quoted saying, “While insiders could sell their shares due to various reasons, they buy them for one sole purpose: they anticipate a rise in the stock price.” Company insiders, such as officers and…