Market Analysis
Over 20 ESG Funds Shut Down in 2023 Amid Fading Interest
Big asset managers in the US have closed over two dozen of ESG funds in 2023 amid dwinlding interest and growing backlash against greenwashing.
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Market Analysis
Crude Oil Set for Another Weekly Gain as Morgan Stanley Raises Forecast
Crude oil is on track to record 11th weekly gain in the past 13 weeks as Morgan Stanley hiked price forecast for 2023 and 2024.
Best Stocks
Cisco to Acquire Splunk for $28B, Shares Fall 4.2% Premarket
Shares of Cisco fell in premarket after the company announced it has agreed to buy Splunk for $28 billion.
Best Stocks
Broadcom Shares Down 5.8% Premarket After $14.2M Fine
Broadcom's shares fell nearly 6% in the Thursday premarket after South Korea regulators slapped a $14 million fine on the company.
FinTech
Apple’s Trading Platform: Canceled or Postponed?
Apple is waiting to jump onto the stock-trading bandwagon.
Best Stocks
The Ten Largest US Airline Stocks are Down 24% Since July as Costs Surge
Highly dependent on oil prices, the bottom line of airline companies fumbles.
Crypto
Bitcoin Hovers Above $27,000 as Correlation with Gold, Stocks Drops
The correlation of Bitcoin with gold, Nasdaq Composite, and S&P 500 currently stands at -0.02, -0.06, and 0.18, respectively.
Market Analysis
Crude Oil Likely to Hit $100 a Barrel Amid Supply Constraints
Oil prices are likely to hit $100 a barrel, Chevron CEO predicted, amid worsening supply constraints.
Market Analysis
MSCI China Index Continues Losing Streak, Down 8% This Year
MSCI China Index, which covers 85% of the Chinese stock market, is down 8% in 2023 amid persisting property market woes.
Market Analysis
IPO Market Remains Sluggish as Instacart Set to Go Public
Despite Arm's successful debut, experts believe the IPO market is still sluggish.
Best Stocks
Arm’s Shares Continue to Fall in Premarket, Bernstein Sets $46 Target
Shares of Arm fell in premarket trading Monday following a successful debut day that valued the company at over $65 billion.
Market Analysis
Could Tesla Benefit from the UAW’s Strike?
Squeezing automakers for even higher labor costs is a dangerous game.
Market Analysis
Fallout from New Pricing System is Only One of Unity’s Several Problems
Unity has received massive backlash from the developer community after revealing its new pricing scheme.