China Stock Index Hits a 13-Year High, Tops the 2015 Bubble Peak
The CSI 300 Index rose 1.9% on Tuesday to surpass the 5,353.75-point mark registered on June 8, 2015. The Tuesday average was the highest since 2008 for a benchmark that…
Bitcoin will Rise to $146,000 in the Long-term, Says JP Morgan
JPMorgan Chase & Co projects Bitcoin to hit a record $146,000 in the long term as it competes with gold as an asset class, reports Yahoo! finance. The outlook depends…
Why Paypal Stock Is A Buy On A Pullback
PayPal is seeing growing demand for its digital payment services. The company has been a beneficiary of the pandemic. Digital payments uptake has increased as people try to reduce cash…
Pandemic Helps Ackman’s Pershing Square to Hit a Record 70% Return
Bill Ackman’s Pershing Square Capital Management reported a straight record performance in 2020 with a fund return of 70%, according to Bloomberg. The fund had a net return of 4.6%…
NYSE will no Longer Delist Three Chinese Telco Giants
The New York Stock Exchange said on Monday it will no longer delist three Chinese telecommunication giants, CNBC reports. The NYSE dropped the plans after “further consultation with relevant regulatory…
Slack on a 2021 Rocky Start, Asks Users to Check Updates
Slack was down for many users on Monday morning as it faced a bumpy start on the first workday of 2021, reports Business Insider. DownDetector showed over 15,000 reports detailing…
Mexico Set to be World’s Largest Legal Cannabis Market
Mexico will become the world’s largest legal cannabis market if Congress legislation is passed in the coming weeks, according to the Wall Street Journal. Lawmakers in the lower house say…
Pelosi Narrowly Re-Elected as House Speaker Despite Political Uncertainty
Nancy Pelosi was re-elected speaker of the U.S House of Representatives on Sunday by a 216-209 margin as the new Congress took office, according to Reuters. Her re-election comes when…
China Telco Shares Lose 5% on NYSE Delisting News
Shares of China's three biggest telecoms fell as much as 5% on the first trading session in Hong Kong on Monday, according to Reuters. The fall reflects the New York…
Tesla’s Projected Growth Intact Despite Narrowly Missing its 500,000-vehicles Target
Tesla is poised for global expansion despite hitting annual vehicle deliveries of 499,550 in 2020, slightly lower of 500,000 goal, according to Bloomberg. The company delivered a record 180,570 for…
Hong Kong Cautious in Sending Tycoon Jimmy Lai Back to Jail over Security Breaches
Hong Kong’s highest court sent tycoon Jimmy Lai back to jail, a ruling which avoids showdown with Beijing over security law for now, according to Bloomberg. Lai is fighting national…
Britain Faces an Acid Test on Leaving the EU, Firms Remain Cautious
U.K. businesses relying on 1.2 billion pounds ($1.6 billion) worth of goods crossing the border were taking no chances ahead of exit from the European Union on Thursday, reports Bloomberg.…
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