As the world watches the latest shifts in global alliances, the 2024 BRICS summit in Kazan, Russia, stands out. It’s not just another gathering of diplomats and world leaders—it’s a showcase of the growing frustration with a Western-dominated system that many countries feel no longer serves their interests. With new…
David Einhorn says Peloton Interactive Inc (NASDAQ: PTON) is “significantly undervalued” at current levels. Greenlight Capital – the hedge fund he founded in 1996 even loaded up on 6.8 million shares of the connected fitness company to reflect that sentiment in August. Still, I’m not fully convinced that Peloton stock…
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…
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…
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…
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…
The Nikkei 225 index pulled back this week even as Japan had its first big initial public offering and after Kazuo Uoda hinted that the bank would not hike interest rates next week. The index, which tracks the biggest Japanese companies, retreated to ¥37,770, its lowest level since October 2.…
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…
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. …
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…