by Jibran Munaf | November 9, 2024 | Cryptocurrencies
BlackRock Inc.’s spot-Bitcoin exchange-traded fund (ETF), the iShares Bitcoin Trust ETF (IBIT), has overtaken the firm’s prominent iShares Gold Trust (IAU), reaching $34.3 billion in assets after an unprecedented $1.1 billion inflow on Thursday, according to...
by Jibran Munaf | November 9, 2024 | Stocks & Bonds
Tesla (TSLA) shares skyrocketed on Friday, closing at their highest level in over two years as the electric vehicle giant’s market cap surpassed $1 trillion. The stock’s rally, bolstered by optimism over CEO Elon Musk’s alliance with President-elect Donald...
by Jibran Munaf | November 9, 2024 | Economy
China has unveiled a 10 trillion yuan ($1.4 trillion) debt package aimed at reviving its slowing economy by allowing local governments to refinance burdensome debt. The plan, announced by Finance Minister Lan Fo’an on Friday, will permit local authorities to borrow up...
by Jibran Munaf | November 9, 2024 | Markets
U.S. stocks ended their strongest week of the year with record highs on Friday, as the S&P 500 (^GSPC) and Dow Jones Industrial Average (^DJI) surged on the back of President-elect Donald Trump’s victory and the Federal Reserve’s recent rate cut. The S&P 500...
by Jibran Munaf | November 9, 2024 | News
Dubai’s Roads and Transport Authority (RTA) has announced road closures and changes to metro schedules on Sunday, November 10, in preparation for the Dubai Ride, the city’s largest community cycling event. The closures will affect key routes, including parts of Sheikh...
