29 Jan 2021

BlackBerry execs sold shares as Reddit-driven rally started

This week, three BlackBerry executives sold a total of $1.7 million of the company’s stock in the early days of its dramatic increase in the share price. BlackBerry and other highly shorted stocks have soared over the past few days as traders organizing on social media platforms like Reddit took

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28 Jan 2021

GameStop effect spreads as calls for probe build

An unprecedented event is currently happening as part of a battle between small-time traders on Reddit and hedge funds that have shaken both the US and European stock markets and are expected to disrupt Asia as well. Surges in several Australian companies are joining a list of Reddit fueled moves

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03 Nov 2020

Ant IPO Postponed by Shanghai Stock Exchange

Today, the Shanghai Stock Exchange released a statement postponing the initial public offering of Ant Group Co. The restriction comes just a day after the company’s controlling seller, Jack Ma, was summoned by four regulatory agencies to attend a closed-door meeting. The undercover meeting with regulators and changing the regulatory

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17 Mar 2020

Coronavirus: Stock markets continue to slide

The coronavirus has been wreaking havoc on the stock market, and European shares have fallen even further. London’s FTSE 100 opened higher on Tuesday, however, it eventually suffered an index fall of 1%, while other major European markets reported the same. UK’s Chancellor is expected to announce its plan to

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15 Nov 2019

Tencent vs. Alibaba: Why one Chinese titan is slumping while the other soars

Tencent’s stock dropped 2.3% amid the Hong Kong protests on Thursday, making it the worst performer on the Hang Seng Index (HSI), while Alibaba celebrates massive earnings from China’s “singles day.”  While Alibaba and Tencent remain two of China’s most valuable tech companies, Tencent is suffering while Alibaba stock has

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11 Nov 2019

Hong Kong’s Hang Seng has its worst day in months as violence escalates

Escalating levels of violence and protest in Hong Kong have had a great effect on the stock market, which suffered a drop of more than 2.6% over the past weekend. This is the lowest percentage decline in a single day in over three months. Hong Kong is currently experiencing its

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24 Sep 2018

FANGs Aren’t Tech Stocks Any More: S&P Overhauls Sector Breakdowns

In the largest sector reclassification since 1999, Facebook, Alphabet, Twitter, Paypal, Netflix, Disney, Viacom, Fox, and Snap will now be classified as “Communications Services” instead of “Information Technology,” in a move that will reduce the “tech” portion of the S&P from around 26% to 15%. This reclassification will have significant

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13 Jul 2018

Cybersecurity ETFs outperforming tech and other ETFs by large margin

Digital security companies continue to perform well as major breaches and hacker intrusions appear to be pushing investment. Performance in some of the largest digital security companies and a popular basket of cybersecurity companies is outperforming other tech sectors by a large margin, with one of the most popular cybersecurity

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