According to a letter sent to Congress, Chinese state-sponsored hackers accessed sensitive Treasury data through a compromised cloud-based service provided by BeyondTrust Inc. While the department has contained the immediate threat, the incident reveals significant risks in outsourcing critical infrastructure to external vendors. This breach comes amid escalating concerns over…
Blackstone stock price had another solid performance as it outperformed the S&P 500 and Nasdaq 100 indices. BX jumped by 31% in 2024, pushing its market cap to over $212 billion and making it the biggest player in the alternatives industry. Blackstone’s business is thriving Blackstone, the biggest alternative asset…
The rapid rise of Bitcoin ETFs, led by BlackRock’s IBIT, has not just broken records but fundamentally shifted the dynamics of institutional investment. Moving beyond the numbers, this development reflects a profound change in how major financial players approach cryptocurrencies. From initial scepticism to wide acceptance, Bitcoin ETFs have become…
Emerging markets (EM) delivered notable returns in 2024 with most regions closing the year with gains. According to a Reuters report, the MSCI Emerging Markets Index is set to end the year 5% higher. Singapore led the charge with a 17% annual gain, its best performance since 2017, while Kuala…
Figs stock has lost momentum and remained in a consolidation phase in almost two years. It remained inside the support and resistance levels at $4.42 and $6.97 in this period, missing the strong stock surge in the United States. It was trading at $6.25, valuing the brand at over $1.12…
After a remarkable year for US stocks, investors are now looking ahead to a potentially pivotal January. Market momentum from 2024 is expected to carry into mid-January, but several key events, including a new presidential administration and significant economic data releases, could dramatically influence the market’s trajectory in the new…
The year 2024 has seen increased volatility in the commodities market, especially for the likes of cocoa and coffee. Cocoa and coffee prices are on course to end the year as the top gainers in the commodity complex, while steel-making coal is likely to finish 2024 as the worst performer. …
European markets moved slightly higher on Tuesday in a shortened trading session ahead of the New Year holiday. The pan-European Stoxx 600 index, was in the red on the last trading session of 2024. The FTSE 100 in London and France’s CAC 40 both opened lower but recovered to trade…
Wizz Air, the Hungarian low-cost airline, is facing significant operational headwinds as it continues to grapple with engine-related issues. On Tuesday, the airline announced that it has signed a new support agreement with defense and aerospace firm RTX’s Pratt & Whitney. This agreement comes as Wizz Air expects to keep…
The FTSE 100 had a solid year overall aided by the Labour party’s landslide victory in the general election, and the Bank of England starting to cut interest rates in what collectively helped boost UK stocks. The UK’s blue-chip index is up 5.35% this year, after reaching an all-time high…