ServiceNow stock is severely overvalued – rating downgrade
ServiceNow (NOW) stock price has done well, rising by 26% this year and by 243% in the last five years. It has also risen by 1,385% in the last decade,…
ARB surges as Arbitrum completes major ArbOS 32 upgrade, extending weekly gains
The cryptocurrency market traded in the green over the past few sessions amid the recovering global economy. As digital assets stole the show with significant surges over the past week,…
Global financial hubs London, New York, Hong Kong face decline as emerging Asian cities surge
The global financial landscape is undergoing a seismic shift, with traditional powerhouses such as London, New York, and Hong Kong facing mounting challenges. A recent report by the Global Financial…
OECD upgrades global growth forecast to 3.2% for 2024 as rate hikes fade and inflation falls
The Organisation for Economic Co-operation and Development (OECD) marginally increased its global growth outlook for 2024 in light of expected improvement in real incomes due to falling inflation and a…
Brazil’s current account deficit hits BRL 6.6 billion in August amid soaring imports
Brazil has reported a significant current account deficit (CAD) of BRL 6.6 billion for August 2024, a sharp increase from the BRL 1 billion deficit recorded in the same month…
Swiss National Bank lowers interest rates by 25 basis points amid inflation decline
In a decisive move to stimulate the economy, the Swiss National Bank (SNB) has announced a reduction of its key interest rate by 25 basis points, bringing it down to…
US businesses can now trade crypto via PayPal: here’s what we know
PayPal has announced that US businesses can now buy, hold, and sell cryptocurrency directly through their PayPal business accounts. This move marks a significant step in the company’s strategy to…
HYG vs JEPI: Which is the better dividend ETF to buy?
The iShares iBoxx High Yield Corporate Bond ETF (HYG) and the JPMorgan Equity Premium Income ETF (JEPI) ETFs have grown to become some of the most popular dividend funds among…
OpenAI’s CTO Mira Murati joins the exit wave: what’s behind the recent departures?
OpenAI’s chief technology officer, Mira Murati, announced her resignation on Wednesday, marking another significant leadership exit as the artificial intelligence powerhouse undergoes substantial organizational changes. Murati, a pivotal figure behind…
Is India’s IPO market overheating? Veteran investor Ramesh Damani thinks so
India’s booming initial public offering (IPO) market may be on the verge of overheating, according to veteran investor Ramesh Damani. With a surge of upcoming IPOs from major South Korean…