Two of the UK’s largest investment firms, Legal & General and Schroders, are gearing up to invest substantial capital in the US commercial real estate market. Both firms, which collectively manage over £1.9 trillion ($2.5 trillion) in assets, plan to avoid the troubled office sector, instead opting for more resilient…
African currencies were in the spotlight after some of the top central banks delivered their interest rate decisions. Most of them also reacted to the decision by the Federal Reserve to deliver a jumbo interest rate cut last week. Here are some of the most notable currencies. South African rand…
Intel (INTC) stock price will be in the spotlight on Monday as investors reflect on the rumoured offer by Qualcomm and news that Apollo Global will make a $5 billion investment in the company. The stock, which rose by over 3.3% on Friday, will likely continue rising on Monday. Apollo…
The Constellation Energy Corporation (NASDAQ: CEG) stock price went parabolic on Friday, reaching its highest point on record after inking a deal with Microsoft, the second-biggest company in the world. CEG shares surged to a high of $254, bringing the year-to-date gains to 120%, making it one of the best-performing…
Groupon (GRPN) stock price has suffered a harsh reversal in the past few weeks as concerns about the e-commerce industry continued. It retreated to a low of $10.85, down by almost 45% from its highest point this year, giving it a market cap of over $431 million. Groupon’s fall from…
Yelp (NYSE: YELP) stock price has gone nowhere since 2015 as concerns about its growth and role in the tech industry has remained. In this period, it has remained inside the range of $14.17 and $52 while popular indices like the S&P 500 and Nasdaq 100 indices have soared to…
The civil aviation and defense industries are doing well, helped by the ongoing recovery of travel and defense spending. However, top companies in the industry are not doing well. Boeing (BA) stock price has dropped by over 41% this year as it moved from one crisis to the other. Just…
International Consolidated Airline (LON: IAG) share price is firing on all cylinders this year as it continued to outperform most companies in the industry. It has risen in the past nine consecutive weeks, reaching a high of 209.7p, its highest point since May 2021. Also, the stock has jumped by…
The British pound to Indian rupee (GBP/INR) exchange rate has done well this year and is hovering near its all-time high of 111.38. It has jumped by more than 30% from its lowest point in 2022. Bank of England interest rate decision The GBP/INR pair wavered after the Bank of…
India has witnessed two inflexion points in its journey of cashless transactions. November 2016, when the Indian government announced the demonetisation of high-value currency notes and Covid-19 which forced people across the world to use digital modes of payments to avoid physical contact. The journey has so far seen the…