Daily Updates

After a long recession-prone time, we finally are heading toward a better financial year in 2024. Investors along with various apex banks are betting on 2024 to be the savior year for the financial landscape. Numerous financial service organizations have conducted surveys to understand investor’s sentiments. Almost 79% of Generation Z along with 64% and…

According to the International Air Transport Association(IATA), airline profits are projected to reach record highs in 2024. The IATA group based in Montreal said on Wednesday, the total revenue of the airline industry is expected to grow at a CAGR of 7.6% to $964 billion in 2024.  More than 4.7 billion passengers were recorded traveling…

Tesla(TSLA) share prices dropped by 0.9% on Thursday as the renowned carmaker unveiled the pricing for its long-awaited Cybertruck, costing between $60,000 to $100,000.  Initially, Tesla announced that the pricing of the cheapest Cybertruck model would be around $49,000. The share prices of TSLA dropped by 0.9% after the price tag came in at $60,990,…

Amid the news of the OPEC+ meeting delay, the entire oil market took a downturn. The oil prices fell as much as 5% and took other industries down as well that relied heavily on oil. Wednesday morning saw a sudden collapse in the price of oil as the upcoming meeting of OPEC+, scheduled for this…

Airlines stocks are in the news again with huge gains on midday trading, thanks to speculation of good business in the holiday season. However, the same can’t be said for technology giants Tesla and Nvidia, as their stocks slumped on Wednesday. Tuesday was the day that broke the green streak, and Wednesday midday saw a…

The prominent retailer of electronics, Best Buy, saw a sharp decline in its share price after a revenue drop. Things got worse when they announced a revised and decreased forecast for the new year. Best Buy released the third quarter result and experienced a keen decline in sales, which forced them to reconsider their predicted…

The most coveted metal is in talks again. Yes, gold prices are reaching new heights. Thanks to the disturbance in the cryptocurrency space and uncertainty over interest rates. The global economy is once again facing hitherto unwanted difficulties. Whether we talk about global geopolitical conflicts or disruptions in the crypto space, it seems like every…

After the disappointing auction of a 30-year Treasury bond last week, the highly anticipated 20-year-old US Treasury bond has ended up setting a staggering boom in the stock and bond markets, shooting waves of shock across the financial system. The US government finally sold the 20-year Treasury bond for a much lesser yield than expected…

Experts were confident that a recession would come in 2023, and while that is partially true, it looks like it is delayed for the next year. A turtle-like, slow global economy coupled with international war situations will challenge the US economy next year. Investment professionals are heavily supporting the fundamentals of diversification and investment in…

The entire Silicon Valley took a dramatic break when Sam Altman, the former CEO of Open AI, resigned from his position. This impromptu decision by the board of OpenAI shook the entire tech space. However, the tale took a dramatic turn when Microsoft signed him, and its shares went past the roof. The shares of…