MicroStrategy stock price has done well this year, helped by the ongoing Bitcoin price rally. MSTR has jumped by 542% this year, beating the S&P 500 and Nasdaq 100 indices, which are up by less than 30%. MicroStrategy stock to do well as Bitcoin soars MicroStrategy shares will likely continue…
PayPal stock price has crawled back and jumped to its highest level since November 2022 as its turnaround strategy continued. It was trading at $89.3, up by over 78% from its lowest level in 2023, giving it a market cap of over $85 billion. PayPal turnaround is continuing PayPal, one…
Roku stock price has bounced back in the past few weeks, reaching a high of $86, its highest level since February. It has jumped by about 38% from its lowest level in November and 71% above the year-to-date low. It remains about 83% from its all-time high. Roku’s business is…
A flood of cheap Chinese steel has prompted smaller Indian mills to consider scaling back of operation and job cuts, Reuters reported on Wednesday. India, the world’s second largest steel maker, turned into a net importer last year as the government contemplates curbing imports. Capacity utilisation has dropped by nearly…
National Bank of Canada (NBC) announced significantly increased earnings for the fourth quarter, primarily due to the robust performance of its wealth management division. This positive result comes amidst a shifting economic landscape shaped by the Bank of Canada’s continued interest rate reductions. These reductions, aimed at fostering a low-inflation…
Venezuela’s Vice President, Delcy Rodriguez, made an important announcement on Tuesday, outlining the government’s ambitious $22.7 billion budget for fiscal year 2025. This proposal represents an almost 11% increase from the current year’s budget of $20.5 billion. This increase in budget allocation is especially noteworthy given the country’s continuous economic…
US equity benchmarks rose on Wednesday led by gains in technology shares such as Salesforce and Marvell Technology. At the time of writing, the Dow Jones Industrial Average was up 0.6%, while the S&P 500 gained 0.3%. The Nasdaq Composite rose 0.6%. Both the Nasdaq and the S&P 500 hit…
The Federal Reserve’s latest Beige Book, a compilation of anecdotal economic data from across the country, paints a picture of modest growth with persistent inflationary pressures. Released on Wednesday, the report summarizes observations gathered through November 22nd from the Fed’s twelve regional banks. While economic activity has expanded slightly since…