Paik Jong-won, a chef turned restaurateur with newfound global fame, is set to take his restaurant franchise public this week, offering hope for South Korea’s struggling IPO market. The IPO of Theborn Korea, the restaurant chain founded by Paik, comes at a critical time as South Korea’s IPO activity has…
Morgan Stanley (MS) stock has been firing on all cylinders this year, helped by the strength of its franchise amid challenges in its key markets. It has risen in the past six consecutive weeks, moving to a record high of $120, giving it a market cap of over $194 billion. …
Gold miners have been struggling to capitalise on higher demand for the yellow metal as higher input and operating costs weigh. The largest gold mining company in the world, Newmont Corp shares plunged 15% post its earnings results as profit and revenue missed analysts’ expectations. The US-based company said that…
The Super Micro Computer (SMCI) stock price has remained under pressure in the past few months as concerns about its business and the artificial intelligence (AI) industry. It was trading at $46.25 on Friday, down by over 62% from its highest level this year. SMCI’s performance mirrors that of Celsius…
Germany’s economic outlook showed signs of improvement in October, breaking a four-month decline, according to the ifo Business Climate Index. The Index climbed to 86.5 from 85.4 in September, offering cautious optimism that the country’s economic contraction might be levelling off. The uptick, reported by the ifo Institute, reflects a…
Zeta Global (ZETA) stock has suffered a harsh reversal as it fell for two consecutive weeks. It has dropped by over 23% from its highest level this year, meaning that it has moved into a deep bear market. This retreat has led to a big drop of its market cap…
The International Monetary Fund (IMF) has recently released a series of updates to its World Economic Outlook, shedding light on the most recent developments in all economies around the globe. At the forefront are two critical economies: the United States and China. As the US economy proves resilient in the…
Crude oil prices rose on Thursday as heightened geopolitical tensions continued to underpin the market, experts said. Oil prices have risen about 4% this week so far after falling 7% last week due to concerns over poor demand. At the time of writing, the price of West Texas Intermediate crude…
The Indian stock market has faced notable upheavals recently due to a combination of geopolitical uncertainties, valuation concerns, and foreign investor outflows, which have weighed on market sentiment. The Nifty50, India’s benchmark index, hit a record high of 26,277 on September 27, 2024, but it failed to sustain its momentum,…
Prices of major precious metals were trading in the green on Thursday as rising geopolitical tensions in the Middle East buoyed safe-haven buying among investors. Gold and silver prices were hovering near their recent highs as Israel stepped up its fighting against Iran-backed Hezbollah in Gaza and Lebanon. Reports claimed…