Hedge fund manager Mark Yusko has made a bold prediction regarding the price of bitcoin, stating that he believes it will more than double this year to reach $150,000. In a recent interview on CNBC’s “Fast Money,” Yusko urged investors to “get off zero” and consider allocating between 1% to 3% of their portfolios to
Finance
Huawei, a Chinese global giant in the field of telecommunications, reported a significant increase in its net profit in 2023. This growth was attributed to a combination of factors, including better product offerings and an overall revenue increase of 9.6% year-on-year. Huawei highlighted higher quality operations, sales of certain businesses, and revenue growth as key
The recent performance of the S & P 500 has been nothing short of remarkable. With a year-to-date increase of 10% and a staggering 25% surge in the past five months, it is evident that the market is on a winning streak. Such a rapid rise is a rare occurrence, with only a few instances
The brokerage firm Robinhood saw its shares jump more than 6% after introducing the Robinhood Gold Card, a credit card that allows cash back to be deposited directly into a brokerage account. This move reflects the company’s innovative approach to attracting and retaining customers. On the flip side, shares of Concentrix slipped nearly 4% due
The Central Bank of Nigeria recently made the decision to increase its key interest rate by 200 basis points. This move comes as Africa’s largest economy grapples with a historic currency crisis and soaring inflation. With this hike, the main monetary policy rate now stands at 24.75%, up from 22.75%. Governor Olayemi Cardoso emphasized the
The private equity market in Asia Pacific experienced a significant drop in deal value last year, reaching its lowest point since 2014. This decline was attributed to various factors, including slowing economic growth, high interest rates, and volatile public markets. According to Bain & Company’s 2024 Asia-Pacific Private Equity Report, fundraising also hit a 10-year
Recently, investment analysts have upgraded several U.S.-listed Chinese stocks to buy, highlighting a positive outlook for these companies. This comes as many Chinese companies are releasing their earnings reports for the last quarter of 2023 and the full year. Despite skepticism surrounding China’s ability to meet its growth target for 2024 without additional stimulus, the
Roundhill Investments is planning to launch a new exchange-traded fund focusing on companies behind GLP-1 drugs. This fund aims to capitalize on the rapid advancements in drugs and new opportunities in the market. With the debut expected in May, investors are eagerly awaiting more information on this healthcare-focused ETF. In addition to the healthcare fund,
In today’s society, the rate of “gray divorce,” which refers to divorces occurring at age 50 and older, has seen a significant increase. According to a 2022 study, the rate of gray divorce has doubled since 1990, with an even more staggering threefold increase for adults over the age of 65. This shift is evident
Nike, a well-known sneaker brand, experienced a significant drop of 7% in its stock price following a soft outlook for the full year. The company also reported a slowdown in sales in China, which further contributed to the negative sentiment surrounding the stock. Despite beating expectations on both the top and bottom lines in its