Thailand has officially launched the first stage of its ambitious $14 billion stimulus plan aimed at revitalizing the country’s economy. Dubbed the “digital wallet” scheme, the initiative is designed to provide financial relief to millions of citizens, eventually covering 45 million people who will each receive 10,000 baht. The government…
In a landmark decision, Vanguard Investments Australia Ltd. has been fined A$12.9 million ($8.9 million) by Australia’s Federal Court for making misleading claims about its ethical investment options. The penalty marks the highest greenwashing fine issued in the country, as regulators ramp up scrutiny on environmental, social, and governance (ESG)…
Bitcoin has been wrongly categorized as a “risk-on” asset, says Robbie Mitchnick, BlackRock’s head of digital assets. In a recent Bloomberg interview, Mitchnick argued that the crypto industry has misinterpreted Bitcoin’s risk profile, comparing it to stocks in a way that oversimplifies its behavior. He explained: Some crypto publications have…
Private markets fundraising has seen a decline of over 10% in the last two years, but family offices and ultra-high-net-worth individuals (UHNWIs) are increasingly showing interest in the asset class. While traditionally dominated by institutional investors like pensions and sovereign wealth funds, private markets are becoming a key focus for…
Gold price hit a fresh record high on Tuesday, building on the rally that has seen the metal’s prices surge by over 6% since the start of September. As at the time of writing, the precious metal has pulled back to trade at $2,652.75 per ounce after reaching a new…
Dell Technologies (NYSE:DELL) rejoined the S&P 500 Index on September 24, marking its return after an 11-year absence since going private in 2013. This milestone aligns with the company’s 40th anniversary, underscoring its sustained leadership in PCs, data center infrastructure, software, and services. Analysts are optimistic about Dell’s prospects. Citigroup…
Silver price continued its strong comeback, soaring to a high of $32.25, its highest point since May 29 this year. It has jumped by over 21% from its lowest point in August and by almost 475 from its lowest level this year. Similarly, the closely watched iShares Silver Trust (SLV)…
Miniso (MNSO) stock price has been in a strong downward trend since going public in 2021. It tumbled to a low of $12.56 on Tuesday, its lowest swing since January 9, and 54% below its highest level this year. It has also fallen by over 58% from the record high…
Boohoo (LON: BOO) and THG Group (LON: THG) shares have imploded in the past few years, costing investors billions of pounds. THG, formerly known as The Hut Group, tumbled to 50.75p, its lowest point since January 2023. It has dropped by over 93% from its all-time high. Boohoo, on the…
DocuSign (DOCU) stock price has underperformed the market in the past few years. It was trading at $60 on Tuesday, where it has been stuck for a while. Since August 2022, it has remained inside $40 and $70 while top American indices like the Nasdaq 100 and S&P 500 have…