China’s recent announcements at its annual parliamentary meeting shed light on the sectors it intends to support in the coming year. The country revealed a GDP growth target of around 5%, along with an official fiscal deficit of 3%, maintaining last year’s objectives. Beijing’s plans include the issuance of “ultra-long” bonds for special projects and
Finance
ESG funds have gained popularity in recent years for their focus on environmental, social, and governance factors when it comes to investing. However, a closer look reveals that the top holdings of many ESG funds may not be as different as some investors might think. According to DWS Group’s Arne Noack, these funds still aim
Nvidia, a chipmaker, experienced a nearly 5% decrease in its stock price as it took a breather from its recent winning streak. Despite hitting a new 52-week high earlier in the session, the company has gained 7% week to date and is on track for its ninth-straight winning week. Marvell Technology saw a significant decline
Broadcom, a semiconductor company, saw its shares dip by 3% after posting a full-year revenue guidance that met analysts’ expectations. The company reported adjusted earnings of $10.99 per share for the fiscal first quarter, exceeding analysts’ expectations of $10.29 per share. Additionally, Broadcom’s revenue came in at $11.96 billion, higher than the forecasted $11.72 billion.
Financial institutions facing challenges have often turned to private equity players for much-needed support. The recent announcement of a $1 billion-plus injection from New York Community Bank highlights this trend. Led by ex-Treasury Secretary Steven Mnuchin’s Liberty Strategic Capital, a group of private investors came to the aid of NYCB, boosting market confidence and stabilizing
Monzo, a leading digital bank in the UK, recently secured a substantial investment of $430 million to reignite its expansion plans in the United States. This boost in funding, spearheaded by CapitalG, the venture arm of Alphabet, Google’s parent company, signifies a strategic move by Monzo to revive its presence in the American market. The
Super Micro Computer and Deckers Outdoor stocks saw a significant increase after being added to the S & P 500 index. This move indicates a positive outlook for the companies, positioning them among the top players in the market. The replacement of Zions Bancorpation and Whirlpool reflects a shift in investor sentiment towards these technology
The landscape of the electric vehicle market is constantly evolving, with Apple reportedly stepping back from the game and Tesla facing challenges in some key Chinese cities. This shift has led many to consider that the most promising EV stock plays are now emerging from China. As the world’s largest auto market, with a new
TMX Group, the parent company of the Toronto Stock Exchange, recently made a significant move by acquiring ETF education company VettaFi. This strategic decision, according to TMX Group CEO John McKenzie, aims to broaden the company’s presence in the global exchange-traded fund market. McKenzie emphasized the importance of ETFs in the investing landscape, highlighting them
As we navigate through the financial landscape of 2024, it’s hard not to draw parallels to the speculative frenzy that characterized the markets in 2021. From the meteoric rise of Bitcoin to the resurgence of SPACs and the rekindled interest in chatroom trading, it seems like we are witnessing a familiar narrative unfold once again.