The demand for exchange-traded funds (ETFs) among investors is showing no signs of slowing down, and firms that do not currently offer ETF products may be putting their businesses at risk. According to Steve Sachs, the global chief operating officer of Goldman’s ETF Accelerator, the decision not to offer ETFs could result in a significant
Finance
As we head into the second quarter of the year, the Federal Reserve may find itself with new incentives to cut rates even deeper. According to Canaccord Genuity’s Tony Dwyer, a deteriorating jobs market and easing inflation could be the driving forces behind the Fed’s actions. Dwyer believes that the Fed needs to be more
Renowned hedge fund manager Mark Yusko has made a bold prediction regarding the future of bitcoin, suggesting that the leading cryptocurrency could more than double in value this year, reaching an impressive $150,000. Yusko, who serves as the CEO and chief investment officer of Morgan Creek Capital Management, believes that investors should seriously consider adding
In a surprising turn of events, Chinese telecommunications giant Huawei declared a net profit that more than doubled in 2023 compared to the previous year. This significant increase was attributed to both better product offerings and a steady revenue growth of 9.6% year-on-year, amounting to an impressive 704.2 billion yuan ($99.18 billion). Net profit soared
Xiaomi, the Chinese smartphone giant, has made waves with its recent announcement to enter the electric car market. The company’s CEO, Lei Jun, revealed that Xiaomi’s first car, the SU7, will be priced significantly lower than Tesla’s Model 3, marking the beginning of what could be a fierce price war in China’s competitive electric car
The Financial Conduct Authority in Britain recently released guidelines for financial services companies and social media influencers involving memes about cryptocurrencies and other investments. The main objective behind these guidelines is to combat the increasing number of scams in the financial industry. The FCA emphasized the importance of fairness, clarity, and transparency in all marketing
The recent decision by the Central Bank of Nigeria to increase its key interest rate by 200 basis points has significant implications for Africa’s largest economy. This move comes in the wake of a historic currency crisis and soaring inflation rates, prompting policymakers to take action in an attempt to stabilize the economy. Governor Olayemi
Recently, news broke that one of the Binance executives who was detained in Nigeria managed to escape custody. This development comes amidst reports that the Nigerian government has lodged fresh tax evasion charges against the global cryptocurrency exchange. The Federal Inland Revenue Service (FIRS) in Nigeria unveiled four new charges related to tax evasion, including
The private equity market in Asia Pacific experienced a significant decline in deal value last year, reaching its lowest point since 2014. This downward trend was accompanied by a drop in fundraising to a 10-year low, reflecting the challenges posed by slowing growth, high interest rates, and volatile public markets. According to Bain & Company’s
Roundhill Investments, a major exchange-traded fund provider, is gearing up to launch a new fund that will concentrate on companies behind GLP-1 drugs in the health care sector. According to Dave Mazza, the firm’s chief strategy officer, the fund is expected to debut in May. Mazza highlights the importance of monitoring this space closely, as