Investors in technologies start to dominate the rankings of the world’s billionaires. A comparison of this year’s data with figures from five years ago (2016) shows a clear shift from traditional industries and diversified portfolios towards a bet on new technologies.

While five years ago, the top five richest people in the world according to the Forbes ranking included just Bill Gates (1) and Jeff Bezos (5), this year’s TOP5 only comprises one person not concentrating on technologies — Bernard Arnault who controls the luxury brand, Luis Vuitton. …

The global stock market recorded a solid gain in the first quarter of 2021. The markets are finished in 2020 with a big bang having delivered one of the fastest recoveries in the history of the markets after the sell-off in March 2020.

The US stock indices, Dow Jones and S&P 500 climbed to fresh all-time highs in March driven by various stimulus measures and the quick rollout of covid-19 vaccines. …

As per the recent report, Pfizer (NYSE: PFE) will likely be the first vaccine to reach the market. This one is the most heavily anticipated candidate by far is BNT162b2, the COVID-19 vaccine developed in partnership with German biotech BioNTech.

On Wednesday, the regulators in the United Kingdom have approved Pfizer’s vaccine for use. So far, the UK has ordered 40 million doses of the Pfizer/BioNTech jab — enough to vaccinate 20 million people. The company also submitted a request to the FDA for Emergency Use Authorization (EUA) of their mRNA vaccine candidate.

The Pfizer vaccine appears 95% effective at…

An IPO is like a negotiated transaction — the seller chooses when to come public — and it is unlikely to be a time that’s favourable to you — Warren Buffet.

An initial public offering (IPO) is the first time a company offers its shares for sale to general investors. Once the IPO is done, the shares of the firm are listed and can be traded freely in the open market. Moving forward to 2021, there is a solid pipeline of companies preparing for capital raises through IPOs, with Airbnb expected to lead the headlines.

Some of the IPOs that were launched last year performed great during the initial days, but the lockdown announced damaged the share price significantly. …

Gold price surged more than 28% so far this year and hit a new all-time high of $2,074 in August. This year the gold price rally has been driven by a combination of rising coronavirus cases, weakness in the USD, lower interest rates, major geopolitical events such as the tensions between the US and other countries such as North Korea, China, and Iran, and the US election uncertainty.

With just a few days to go before the US presidential election, gold price trades slightly lower. The price dips from the top amid a slightly stronger dollar, as investors continued to…

The Pizza delivery companies Domino’s and Papa john’s reported healthy first-quarter financial results. Both the Pizza chain firms benefited greatly from the pandemic as more consumers ordered delivery during COVID-19.

The world’s largest pizza chain Domino’s Pizza (NYSE: DPZ) announced first-quarter financial results on April 29. The company total revenues increased from $873.1 million to $983.7 million year-over-year.

  • Earnings per share: $3.00 vs. $2.94 expected
  • Revenue: $983.7 million vs. $978.6 million expected

Last week wall street celebrated blowout earnings results from the six American, investment banks including Goldman Sachs, JP Morgan, Bank of America, Wells Fargo, Citigroup, and Morgan Stanley. Most surprisingly all the big banks reported better-than-expected Q1 financial results. Let’s go through it in detail.

Goldman Sachs (NYSE: GS)

Texas-based company GameStop is scheduled to report its first quarterly earnings on Tuesday after market close. The company expected to post adjusted earnings of $1.42 per share, on more than $2.2 billion in revenue.

Even though fundamentals didn’t work much with this stock from the last couple of months the traders are eagerly waiting for the earnings results. in late January, the surprising surge in GameStop stock, triggered by the individual investors on the Reddit forum r/wallstreetbets pushed shares from US$20 to US$480.

Will today’s results help the $GME to gain further upside momentum?

By starting of 2021 the stock…

The popular online dating app Bumble (NASDAQ: BMBL) shares commenced trading on the NASDAQ stock exchange on February 11th under the symbol $BMBL. The Bumble app is open to those who are looking to date, find friendships or even business connections. The company annual revenue has grown from $100 million in 2017 to $417 million in the first 9 months of 2020.

Bumble offered 50 million shares at a price of $43 each, allowing it to raise more than $2.1 billion. The stock jumped 63.51% to $70.31 dollars in its first trading session, given the company a market capitalization of…

Both Tesla and Bitcoin (BTC) price has had a strong rally, making it one of the best-performing assets in 2020. Tesla joined the prestigious Standard & Poor’s 500 stock index on December 21 after posting five consecutive quarters of profit. $TSLA surpassed Facebook in terms of market value, becoming the fifth most valuable company in the S&P 500.

Bitcoin climbed to a new all-time high last week. The recent Bitcoin rally boosted after the US-based online payments company PayPal allowed its customers to use the virtual currency on its network. …


A financial investment professional with over 9 years of FX and capital market industry. Chief analyst at Gulf Brokers

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