Sung Kook “Bill” Hwang, once a prominent figure in the financial world, received an 18-year prison sentence on Wednesday for his role in the spectacular collapse of Archegos Capital Management. The implosion sent shockwaves through Wall Street, leaving major banks reeling from over $10 billion in losses. US District Judge…
Adani Group stocks experienced a sharp and widespread selloff on Thursday after US prosecutors announced bribery and fraud charges against Gautam Adani and seven associates. The charges, unveiled late Wednesday, allege that Adani and his executives engaged in a multibillion-dollar scheme involving bribery to secure solar energy contracts in India.…
Australia has unveiled a bold new policy to curb social media access for children under 16, introducing some of the toughest controls globally. A new bill proposed in parliament seeks to enforce an age-verification system, backed by fines of up to A$49.5 million ($32 million) for platforms that fail to…
The Department of Justice (DOJ) is intensifying its antitrust battle against Google, urging the tech giant to divest its Chrome browser. This bold move follows an August ruling that affirmed Google’s monopoly in the search market, a landscape the DOJ aims to reshape. Launched in 2008, Chrome has become a…
The BSE Sensex index found support at the 200-day moving average at ₹77,578 as the sell-off in Indian stocks dropped. The index, which tracks some of the biggest companies in the country, has dropped by almost 10% below its highest level this year. It is hovering near its lowest level…
Floki price continued its strong rally this week, hitting a high of $0.000288 on Thursday, its highest level since June 7. It has jumped by over 180% from its lowest level in August, making it one of the best-performing meme coins recently. Bitcoin surges to $97,000 The main catalyst for…
The ProShares UltraPro QQQ (TQQQ) ETF has performed well over the years, beating the Nasdaq 100 index by far. Data shows that the fund’s total return in the past five years stood at 327% compared to the Nasdaq 100’s 157%. The same trend has happened this year as the fund…
MicroStrategy stock price continued its strong rally, reaching its all-time high of $503 this week. MSTR has been one of the best-performing companies in Wall Street as it jumped by over 830% in the last 12 months, bringing its market cap to over $87 billion. MicroStrategy stock and Bitcoin MSTR…
The Schwab US Dividend Equity ETF (SCHD) has done well this year and is hovering near its all-time high of $29.33. It has risen by 16.2% in 2024, underperforming the S&P 500 index, which has risen by over 25% this year. SCHD ETF has formed a risky pattern In addition…
Opera stock price has staged a strong comeback in the past few months as the company has continued to report strong financial results. The OPRA share price surged to $19.93, its highest level since July 2023. It has jumped by over 470% from its lowest level in 2022, giving it…