Author: Investor Empires
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Saudi Arabia’s oil giant sees massive stock offering sell out in hours as investors clamor for annual dividend payouts of $124 billion
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Saudi Aramco shares worth $12 billion were sold shortly after the deal opened on Sunday, a gift to the government seeking funds to help pay for a massive economic transformation plan. The government had ordered all the shares on offer within a few hours after the books opened, according to…
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US ISM PMI data due Monday, the range of estimates (& why they’re crucial to know)
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The S&P Purchasing Managers’ Index (PMI) is the warm-up, scheduled for release at 9.45am EST. The ISM Manufacturing PMI is in greater focus, due to be released at 10am. By looking at the forecast range compared to the consensus average (“expected” in the screenshot above) for the ISM data point,…
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tracking the surge of Dogecoin, Shiba Inu, Trump tokens and more
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Meme mania has swept the cryptocurrency market, luring investors with its mix of humour, speculation and unexpected gains. At the time of writing, the sector boasted a market capitalization of over $66 billion and a 24-hour trading volume of $5.3 billion. Looking at data from cryptocurrency price tracking site CoinGecko,…
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Rising food, electricity prices push May inflation up to 5.1pc
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The cost of living rose slightly in May, with inflation rising to 5.1 percent from five percent in April due to higher costs of food and electricity. The Food and Non-Alcoholic Beverages Index, which accounts for food prices, rose by 6.2 percent year-on-year compared to May of last year and…
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Reservoir Media reports record revenue, eyes M&A growth By Investing.com
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Reservoir Media (RSVR) announced robust financial performance for the fourth quarter and full fiscal year 2024, achieving record-setting total revenue and operating income. The company witnessed an 18% year-over-year increase in revenue for the fiscal year, with its music publishing and recorded music segments growing by 15% and 22% respectively.…
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Ripple Escalates Pro-Crypto Advocacy with $25M Fairshake Fund
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Ripple contributed $25 million to the Fairshake super PAC, in line with industry-wide efforts to advocate for pro-crypto policies and politicians. Ripple’s decision to bolster its Fairshake efforts comes amid its ongoing legal battle with regulators like the Securities and Exchange Commission. The agency’s lawsuit prompted the company to take…
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Ripple Escalates Pro-Crypto Advocacy with $25M Fairshake Fund
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Ripple contributed $25 million to the Fairshake super PAC, in line with industry-wide efforts to advocate for pro-crypto policies and politicians. Ripple’s decision to bolster its Fairshake efforts comes amid its ongoing legal battle with regulators like the Securities and Exchange Commission. The agency’s lawsuit prompted the company to take…
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How good is the quality of your firm’s turnover?
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Business owners consider turnover to be a key measure of their company’s growth. However, behind this superficial number lies a deeper narrative that sets one company apart from another. While two companies in the same industry may exhibit similar sales numbers, the underlying dynamics of their revenue streams can be…
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PBOC is expected to set the USD/CNY reference rate at 7.2378 – Reuters estimate
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The People’s Bank of China is scheduled to release the reference USD/CNY exchange rate at around 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as the renminbi or renminbi). The People’s Bank of China follows…
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Crypto Exchange Accuses SEC of Trying to Kill Digital Assets
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Coinbase, the leading US cryptocurrency exchange, is doubling down on its battle with the Securities and Exchange Commission (SEC), accusing the regulator… Trying to stifle the crypto industry Through “organization by implementation.” SEC-Coinbase module In my fire gravity Coinbase, which was filed on May 31, portrayed the SEC as a…
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Seven Percent of European Firms Face Restructuring Pressure
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Breadcrumb links BMN Business One in fifteen European companies is facing significant restructuring pressure this year after being hit by high financing costs and weak consumer demand, with Germany, Austria and the Nordic countries particularly under pressure, according to a report issued by Boston Consulting Group. Article writer: Bloomberg News…
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Analysis-Red tape clogs China’s offshore IPO pipeline even as markets recover By Reuters
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Written by Ken Wu, Julie Zhu, Selina Li, and Scott Murdoch HONG KONG (Reuters) – More than a year after China pledged to make overseas listings easier, companies are grappling with a regulatory impasse that is unlikely to ease soon, and eyeing the prospect of sharply lower valuations even as…
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Walton’s Poem
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This article was published in Bitcoin Magazine “The question of inscription.” Click here For your annual subscription to Bitcoin Magazine. New inscription The Bitcoin text shone Light on how to do this So it was run on our contract Is he on his way out? What are they talking about?…
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Bitcoin In ‘Euphoria Wave’ – How Long Until The Bull Run Ends?
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Bitcoin price appears to have returned to a volatile market state, eliminating any hopes of breaking out to new highs soon. However, the good news is that the current bull cycle may not be over yet, although it will take some time for the leading cryptocurrency to resume its upward…
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Mexico will get its first woman president in historic vote By Reuters
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Written by Lizbeth Diaz and Sarah Kenosian MEXICO CITY – Mexican voters waited long hours Sunday to cast their ballots in a historic election that is expected to make the ruling party’s leftist candidate, Claudia Sheinbaum, the country’s first female president. Sheinbaum led in the polls over her main rival,…
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Revised Skydance offer would let Paramount shareholders cash out at $15/shr, WSJ reports By Reuters
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(Reuters) – Skydance Media last week revised its offer to Paramount Global to buy up to a certain number of non-voting Paramount shares at $15 each, the Wall Street Journal reported on Sunday, citing people familiar with the matter. The new proposal values Paramount B shares at a roughly 26%…
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Why Bitcoin Price Stagnated Despite $2 Billion Inflow Through Bitcoin ETF And What Does It Imply For Bitcoin In The Long Term
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The cryptocurrency market has been the subject of intense interest and scrutiny in recent years, with Bitcoin (BTC) emerging as a major digital asset. The current Bitcoin price prediction, which reflects recent price trends and selected current price data, has been a focal point for many analysts. Despite growing institutional…
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Which Could Be the Better Stock-Split Stock to Buy Now and Hold for the Next 10 Years?
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Two of the most exciting stocks so far in 2024 are Chipotle Mexican Grill (NYSE: CMG) And Nvidia (Nasdaq: NVDA). In fact, both companies are leaders in their industries. However, in addition to strong business performance, these two companies have something else in common that leads to increased buying activity.…
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Goldman Sachs says the OPEC+ meeting outcome is bearish for oil
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The summary of the OPEC+ meeting on Sunday is: The organization agreed to extend cuts of 3.66 million barrels per day for one year until the end of 2025 (they were scheduled to end at the end of 2024). Agreement to extend cuts of 2.2 million barrels per day for…