Alibaba Group Holding Ltd (NYSE: BABA) has surged over 20% this week, reaching a one-year high amid a significant rally in Chinese stocks. This upward momentum follows a series of positive developments, both from the company and macroeconomic policies, signaling a potential end to the bearish downtrend that has plagued…
Coca-Cola (NYSE: KO) stock price has been one of the best performers in Wall Street in the last decades. It is an all-weather company that has survived the world’s extreme events like the COVID-19 pandemic, the Global Financial Crisis, and the two World Wars. However, the company, which counts Warren…
NNN REIT’s (NNN) stock price did well in 2024, surging to its highest record level. It has risen for five consecutive months, reaching its all-time high of $49. Its total return this year is 16.31%, higher than the Vanguard Real Estate Fund (VNQ), which has risen by 12%. NNN has…
The US dollar index (DXY) continued its downtrend last week as the market reflected to the Federal Reserve decision, weak consumer confidence and flash manufacturing PMI data, and falling inflation. It slipped to a low of $100.4, down by over 5.7% from its highest point this year and 12.5% below…
Private equity companies are firing on all cylinders this year, with most of them beating the S&P 500 index. TPG (NASDAQ: TPG), which went public in 2022, has risen from a record low of $20.96 to $60. It has risen by almost 50% this year, beating the likes of Carlyle,…
Ferrari, the biggest merchant of super expensive super cars, has also become one of the most expensive companies in Wall Street. Its stock has jumped by 40% this year and by 736% since going public almost a decade ago. This surge has transformed it into the fourth-biggest automakers in the…
Britain’s Competition and Markets Authority (CMA) announced that it will not be investigating Amazon’s $4 billion investment in the artificial intelligence startup, Anthropic. This decision comes after an initial assessment concluded that the partnership does not raise significant competition concerns under the UK’s merger regulations. Amazon’s investment in Anthropic is…
The wealth of Bernard Arnault, chairman of LVMH, skyrocketed by $17 billion in a single day after China unveiled a robust economic stimulus package. These measures aimed at revitalizing the country’s faltering economy prompted a surge in LVMH stock, which rallied nearly 10% on the Paris exchange. Arnault’s wealth had…
Kenya’s largest telecom firm, Safaricom Plc, is engaging in discussions with Elon Musk’s Starlink and other satellite companies for potential future collaborations, CEO Peter Ndegwa revealed in an interview as reported by Bloomberg. The company aims to integrate satellite technology into its services through strategic partnerships. “From a satellite perspective,…
Super Micro Computer Inc (NASDAQ: SMCI) has been a big disappointment for its shareholders in 2024. The past six months have been an endless streak of bad news for this artificial intelligence company that was once being touted as a better pick than Nvidia. First, it was disappointing earnings for…