The Venezuelan government, under Nicolás Maduro, expressed its deep discontent on Thursday following Brazil’s decision to block its admission into the BRICS group of emerging economies. Caracas views this decision as a “hostile action” and a form of “aggression” against its interests, given that Venezuela has been striving for years…
European small cap stocks have “bottomed out (or at the very least stabilised) relative to large caps,” says Aleksander Peterc – a Bernstein analyst. Small caps have underperformed over the past two years but Peterc is convinced that they’ll recover sharply in 2025. The Bernstein analyst is particularly bullish on…
The Applied Materials (AMAT) stock price has come under intense pressure this year as investors continued to question its growth. It has dropped by over 28% from its highest level this year, meaning that it has moved into a bear market. Applied Materials is a top tech enabler Applied Materials…
Blackstone Mortgage Trust (BXMT) looks like a good dividend company to invest in. It has an exciting dividend yield of almost 10%, trades below book value, and is part of Blackstone, the biggest private equity company in the world. The BXMT stock price was trading at $18.55 on Friday, the…
Starwood Property Trust (STWD) stock price has moved sideways in the past few months as investors focused on interest rates and the Commercial Real Estate (CRE) industry. It was trading at $20 on Friday, a few points below the all-time high of $20.64. STWD has risen by 26% in the…
Carvana (CVNA) stock price has gone parabolic in the past two years, making it one of the best-performing companies in the United States. It soared to a high of $201.40, its highest level since January 2022, and 5,200% higher than its lowest point in December 2022. Carvana’s turnaround has worked…
The FTSE 100 index has moved into a deep slumber in the past few months as the rally experienced earlier this year faded. The index, which tracks the biggest companies in the UK, was trading at £8,270 on Thursday, where it has been in a while. It has remained inside…
One of the biggest corporate news this week was reports that Scott Kapnick, the former head of Goldman Sachs investment bank, was considering options for his HPS Investment Partners. There are three likely strategies, including an outright sale, an initial public offering, or selling a stake. Most analysts believe that…
Elon Musk, the world’s richest person, saw his net worth soar by $33.5 billion on October 24, after Tesla Inc. recorded its largest share jump in over a decade. Tesla’s stock rose by 22% following the announcement of the company’s third-quarter earnings, which revealed the electric vehicle (EV) giant’s most…
Shares of Lilium, the electric vertical take-off and landing (eVTOL) vehicle manufacturer, plunged by more than 61% on Thursday after the company announced in a regulatory filing that its two main subsidiaries would likely file for insolvency in the coming days. The dramatic drop in stock price comes as the…