Morgan Stanley's Investment Chief Offers Stock Market Playbook for 3 Economic Scenarios in 2024
Morgan Stanley's Chief Investment Officer, Mike Wilson, has offered a stock market playbook for three potential economic scenarios in 2024.
Investors
Elon Musk's xAI Nears $18 Billion Valuation Following Major Funding Round Amid Rising Investor Interest
Elon Musk's xAI Corporation is approaching the end of a major investment round, with investors valuing the business at $18 billion.
FTX Bankruptcy: Refunds Expected for Most Customers, Excludes Crypto Gains
The plan, pending court approval, details that almost all customers will be reimbursed the funds they are owed, with some receiving amounts exceeding their original claims...
JPMorgan Chase Australia Fined Over $500,000 for Allowing Suspicious Client Orders on Wheat Futures Trading
The JPMorgan Chase in Australia has been fined A$775,000 ($509,252) for permitting suspicious client orders on wheat futures trading...
UMG Denies Involvement in Drake vs. Kendrick Lamar Beef as CEO Faces Shareholders’ Ire
Universal Music Group has denied allegations that it has intervened in the beef between Aubrey “Drake” Graham and Kendrick Lamar Duckworth, while also being under fire after Glass Lewis urged sharehol..
Amgen Challenges Novo Nordisk, Eli Lilly in Weight Loss Drug Market as Investors Flock for Next Obesity Drug Payout
Amgen witnessed an impressive 12% surge in its shares on Friday, marki...
Capital Gains Tax Increase: What Investors Need to Know About Biden's Proposed Changes
Several financial experts say the Biden administration’s proposal to r...
Latest News
Alphabet’s Isomorphic Labs Partners With Eli Lilly, Novartis to Accelerate AI-Driven Drug Discovery
Isomorphic Labs, a subsidiary of Alphabet Inc., is set to accelerate AI-driven drug discovery after it entered into strategic research collaboration agreements with Novartis AG and Eli Lilly & Co.
Shein's Annual Revenue Is More Than $30 Billion, Key Retail Partner Says
The annual revenue of Chinese fast-fashion giant Shein is reportedly more than $30 billion.
Elon Musk's 'Illegal Drug Use' Is Worrying Executives at SpaceX and His Other Firms: Report
Executives at SpaceX and some of the other businesses that Elon Musk runs have reportedly expressed concern over his alleged drug use, according to a new report.
Coinbase Eyeing to Expand Crypto Derivatives in EU With MiFID II Licensed Company
US cryptocurrency exchange Coinbase is making strategic moves to introduce crypto-linked derivatives in the European Union (EU) by acquiring a company with a license to do so.
Bitcoin Price Soars Above $45,000 for First Time Since April 2022
Bitcoin surged above $45,000 on Tuesday, marking its highest value since April 2022.
Saudi Arabia Tops Sovereign Wealth Spending League, Snatches the Spot From Singapore
Saudi Arabia's Public Investment Fund (PIF) has emerged as the world's most active sovereign investor in 2023, with deals worth billions of dollars.
Nvidia to Launch a New Slower Gaming Chip in China to Comply With US Export Controls
US semiconductor giant Nvidia plans to introduce a slower version of its gaming processor in China to comply with US export restrictions.
China's Xiaomi, Tesla's New Rival, Unveils Its First EV as It Aims to Be One of the World's Top 5 Automakers
Chinese tech giant Xiaomi unveiled its first EV model, the SU7, on Thursday, when it detailed plans to enter the competitive electric vehicle (EV) market.
IPO Market Outlook: Companies to Watch in 2024
Investors expect a rebound in the 2024 IPO market. Here are the companies that are expected to go public next year.
