Tag: investing

World Will Have Nearly 40% More Millionaires By 2026: Credit Suisse

North America and China helped fuel an increase in global wealth last year, according to the Global … [+] Wealth Report published by Credit Suisse Research Institute on Tuesday. Photographer: Michael Nagle/Bloomberg © 2022 Bloomberg Finance LP The world will have nearly 40% more millionaires in 2026 compared with the end of last year, according […]

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Fintechs weather the storm: How disruptive technology is driving change

Were you unable to attend Transform 2022? Check out all of the summit sessions in our on-demand library now! Watch here. A rollercoaster of financial conditions over the past few years has caught most of us off guard. Small businesses, in particular, have been hit hard and have suffered the worst during the COVID-19 pandemic. […]

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Plaintiffs In Sexual Harassment Cases Are Taxed, Defendants Are Not

NEW YORK, NY – DECEMBER 09: People carry signs addressing the issue of sexual harassment at a #MeToo … [+] rally outside of Trump International Hotel on December 9, 2017 in New York City. (Photo by Stephanie Keith/Getty Images) Getty Images Tax issues arise in nearly every sexual harassment settlement. In employment settings, some of […]

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Dow Jumps Nearly 200 Points As Investors Shake Off Rising Fears About More Fed Rate Hikes

Topline The stock market moved higher on Friday, with stocks on pace to snap a three-week losing streak as investors shook off Federal Reserve Chair Jerome Powell’s recent comments about more interest rate hikes from the central bank for the foreseeable future. Stocks have moved higher this week despite rising expectations for another big rate […]

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Exclusive: Hongkong Land CEO Steers Century-Old Property Firm To Biggest-Ever Bets On Mainland China

The mainland’s property crisis hasn’t deterred Robert Wong. The chief of the 133-year-old business says now is the time to be brave. At a time when few dare to invest in China’s beleaguered property market, Hongkong Land CEO Robert Wong is doubling down. Over the past two years, the developer has made its largest-ever investment […]

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China Billionaire Guo Guangchang’s Flagship Fosun Int’l Plunges To Nine-Year Low As Tourism Stake Cut

China billionaire Guo Guangchang’s Fosun International controls money-losing Fosun Tourism, the … [+] owner of Club Med and other luxury tourism brands. (Photo by Chesnot/Getty Images) Getty Images Shares in Fosun International, the flagship of Shanghai billionaire Guo Guangchang, tumbled by 5.9% to a more than nine-year low in Hong Kong on Tuesday as the […]

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Stacy Spikes’ MoviePass Is Back With $18 Billion Big Screen Ambitions

In this March 26, 2019, photo Stacy Spikes, co-founder of MoviePass, poses for a photo outside the … [+] Film Forum theater, in New York. After selling the company, he watched from the sidelines as new owners quickly expanded, only to find the cost of all those movie tickets too high to sustain. Spikes spoke […]

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The Stock Market’s Summer Rally Is Over And Investors Should Prepare For A Rough September

Topline The summer stock market rally appears to have fizzled out after steep declines in August, and experts warn investors should expect more volatility in September, which is historically the market’s worst month—especially when stocks are already down for the year. Widespread market uncertainty could make what is historically a bad month for stocks even […]

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Here’s Why The Fed’s Jackson Hole Symposium Isn’t A Big Deal For Investors

Topline While traders will be closely watching the Federal Reserve’s annual Jack Hole symposium for clues on future interest rate hikes, history shows that the event rarely moves markets in a big way and experts predict that it is unlikely the central bank will pull back from its path of aggressively raising rates to tame […]

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China Admits Companies Hoard Solar. They Got Biden To Remove Tariffs Because Of It

China dominates the global solar industry supply chain, from soup to nuts. No one comes close. … [+] (Photo by In Pictures Ltd./Corbis via Getty Images) Corbis via Getty Images The Chinese government admitted that its solar manufacturers — the biggest in the world — were hoarding solar panels and the solar cells that go […]

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Zoom Shares Sink 15% After ‘Concerning’ Earnings Miss, Analysts Downgrade The Stock

Topline Shares of videoconferencing service Zoom, one of 2020’s pandemic-era stock market darlings, have continued to struggle this year, plunging 15% on Tuesday after several Wall Street analysts downgraded the stock amid concerns that the company faces slowing revenue growth. Zoom’s success has been “overshadowed” by a decline in profitability and cash flow, analysts warn. […]

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Bank Of America Warns Of ‘Textbook’ Bear Market Rally, Predicting New Lows For Stocks

Topline Though stocks have mounted a stunning comeback from June lows as investors grow more optimistic about cooling inflation and the Federal Reserve potentially scaling back interest rate hikes, the recent rebound is nothing more than a “classic bear” market rally which is likely to hit new lows, according to analysts at Bank of America. […]

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Bed Bath & Beyond Falls Over 20% After Investor Ryan Cohen Sells His Entire Stake

Topline Shares of Bed Bath & Beyond, a favorite with the meme stock crowd, plunged after analysts warned that the retailer is losing a “key support leg” in the form of activist investor Ryan Cohen, who completed a sale of his more than 10% stake in the retailer late on Thursday. Analysts warn that after […]

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Ford, Tesla And Netflix Are Among The Best-Performing Stocks During This Summer’s Massive Rally

Topline With the S&P 500 surging 17% since a low point in mid-June, big names like Ford, Tesla and Netflix have been among the top gainers, while several energy and consumer stocks have slumped despite the broad stock market rebound in recent months. Big tech stocks in particular have made a strong comeback in recent […]

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Bed Bath & Beyond Jumps 29% As Meme-Stock Traders Snap Up Shares Despite Analyst Warnings

Topline Despite analyst warnings about “unrealistic” valuations, shares of Bed Bath & Beyond surged up to 70% on Tuesday as retail investors from Reddit’s WallStreetBets piled into the stock after being encouraged by yet another big purchase from activist investor and GameStop chairman, Ryan Cohen. The stock has outpaced the broader market this year thanks […]

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Fed Still Has A ‘Long Way To Go’ As It Tries To Tame Inflation Without Causing A Recession, Goldman Predicts

Topline While the Federal Reserve has made progress cooling the economy, there has still been “little convincing progress” in bringing down wage growth and high inflation, according to analysts at Goldman Sachs, who predict that it will remain difficult for the central bank to get surging prices under control without a recession. Though markets have […]

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Tech Stocks Are Leading Markets Higher Again, But Analysts Split On Whether Rebound Will Continue

Topline With the stock market rising significantly from its low point nearly two months ago, tech stocks appear to be back in vogue after being shunned by investors during the widespread selloff earlier this year, once again leading the market higher as investors snap up shares. Tech stocks have made a comeback in recent months, […]

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Some Experts Are Warning Of A ‘Bear Market Rally’—Here’s Why Stocks Could Hit New Lows

Topline Several Wall Street experts are warning that despite moving higher in recent weeks, the stock market still has further to fall—with recent gains likely to be nothing more than a “bear market rally,” as investor concerns about Fed rate hikes and slowing economic growth continue to weigh on markets. Recent optimism about a market […]

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Tesla’s 3:1 Stock Split Wins Shareholder Approval—Here’s What It Means For Investors

Topline Shares of electric vehicle maker Tesla rallied in after-hours trading Thursday as the company won shareholder approval for a 3:1 stock split, the second such move in around two years, as the world’s most valuable automaker looks to make its stock more affordable. Tesla’s stock has risen over 30% since announcing the proposed stock […]

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AMTD Digital May Be The New ‘Perfect Meme Stock,’ Loses $70 Billion In Value In One Day After Rising Over 125%

Topline Shares of under-the-radar Hong Kong fintech company AMTD Digital continued to swing wildly in volatile trading on Wednesday after a more than 21,000% run up since its IPO last month, and although it’s still unclear what’s sparking the wild price action, many are likening it to the meme-stock frenzy of early 2021. The Hong-Kong […]

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Billionaire Enrique Razon’s ICTSI Expands Footprint In Indonesia With A $46.5 Million Port Investment

Billionaire Enrique Razon, chairman of International Container Terminal Services Inc. (ICTSI) and … [+] Bloomberry Resorts Corp., speaks during a Bloomberg Television interview at the Milken Institute Global Conference in Beverly Hills, California, U.S., on Monday, May 1, 2017. The conference is a unique setting that convenes individuals with the capital, power and influence to […]

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Fosun Pharma Shares Gain After Tie-Up With New Covid Drug Supplier Genuine Biotech

A silhouette of hands in medical gloves hold a medical syringe and a vial in front of Fosun Pharma’s … [+] logo. (Photo Illustration by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty Images Shares in Fosun Pharmaceutical, the drug maker controlled by China billionaire Guo Guangchang, rose in Hong Kong this morning […]

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China Billionaire Cuts Stake In Outperforming Nike Rival Xtep

Xtep international Chairman Ding Shui Po in 2014. (Photo by Edmond So/South China Morning Post via … [+] Getty Images) South China Morning Post via Getty Images An investment company controlled by China sportswear billionaire Ding Shui Po plans to lower its stake in his Hong Kong-listed flagship Xtep International Holdings, according to a filing […]

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What Is Impact Investing?

Many foundations that are established to solve society’s most pernicious problems have investments as their lifeblood. Their assets need to be invested in profitable businesses in order to sustain operations and grow. So, what happens when a foundation’s mission is directly contradicted by its own investments? What if the problems a foundation was created to […]

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What Is Impact Investing?

Many foundations that are established to solve society’s most pernicious problems have investments as their lifeblood. Their assets need to be invested in profitable businesses in order to sustain operations and grow. So, what happens when a foundation’s mission is directly contradicted by its own investments? What if the problems a foundation was created to […]

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