In a concerning development for investment regulation in Zambia, Standard Chartered has come under scrutiny by the Securities and Exchange Commission (SEC) for alleged mis-selling of bonds associated with a Chinese property company. This incident reflects not only on the practices of one of the world’s leading banks but also raises questions about the oversight
In a recent episode of The Joe Rogan Experience, Meta’s CEO Mark Zuckerberg revealed some eye-opening insights into the relationship between big tech and the Biden administration concerning COVID-19 vaccine discourse. As the pandemic unfolded, platforms like Facebook and Instagram became battlegrounds for information about vaccinations, with Zuckerberg asserting on the podcast that there was
In a significant move for both the American economy and the global tech industry, Masayoshi Son, the CEO of SoftBank Group, unveiled a monumental $100 billion investment plan during a visit to President-elect Donald Trump’s Mar-a-Lago estate in Palm Beach, Florida. This ambitious initiative is set to be rolled out over the next four years,
In the realm of modern investing, the emergence of single-stock exchange-traded funds (ETFs) is reshaping how investors navigate the stock market. GraniteShares, a notable player in this sector, has taken significant strides since introducing its first single-stock ETFs in 2022. With a growing portfolio that now encompasses 20 distinct offerings, including the newly launched GraniteShares
In a recent briefing, Kristalina Georgieva, the Managing Director of the International Monetary Fund (IMF), highlighted a complex and precarious global economic landscape characterized by steady growth paired with persistent inflation concerns. As the IMF prepares to release its updated World Economic Outlook on January 17, 2024, Georgieva’s remarks provide insights into the anticipated trajectories
Nordstrom, the iconic Seattle-based department store, has recently revised its projections for the fiscal year, raising its sales outlook following a surprisingly successful holiday shopping season. Despite initial caution that characterized its past forecasts, the company is now predicting a revenue growth of 1.5% to 2.5%. This increase contrasts with the previous expectation of flat
Tesla has made headlines once again by unveiling a refreshed version of its highly sought-after Model Y in the competitive Chinese market. Priced at 263,500 Chinese yuan (approximately $35,935), the new Model Y is now listed as part of a pre-sale initiative, with deliveries slated to commence in March. Interestingly, this new iteration comes with
In a striking demonstration of market resilience, Delta Air Lines has quickly captured investor attention, registering a notable 6% surge in stock value. This jump can largely be attributed to the airline’s robust fourth-quarter earnings, which outperformed expectations. The company declared adjusted earnings of $1.85 per share, translating into a considerable $14.44 billion in revenue—both
As international trade dynamics shift with new leadership in the United States, Canada finds itself grappling with the potential effects of proposed tariffs from the incoming U.S. administration. The discussions among Canadian cabinet ministers, led by Foreign Minister Melanie Joly, underscore the seriousness with which they are approaching this potential economic conflict. With President-elect Donald
In a groundbreaking achievement for the film industry, the musical adaptation of Wicked has made an astronomical debut on Premium Video On Demand (PVOD), generating a remarkable $70 million within its first week of release. Released by Universal Pictures on December 31, 2023, the film has redefined expectations for home entertainment by achieving unparalleled financial