by Jibran Munaf | September 8, 2024 | Corporate Finance, Markets
Shares of Dell and Palantir surged around 7% in extended trading on Friday following an announcement from S&P Global that both companies will be added to the prestigious S&P 500 index. Palantir, a software maker, will replace American Airlines, while Dell will...
by Jibran Munaf | September 7, 2024 | Stocks & Bonds
The UAE’s stock markets saw significant growth this week, with market capitalization increasing by AED 61 billion ($16.6 billion), largely driven by strong performances in the real estate, financial, and industrial sectors. The Abu Dhabi Securities Exchange...
by Jibran Munaf | September 7, 2024 | Markets
The UAE’s top 20 publicly listed companies have collectively reached a staggering market capitalization of AED 2.79 trillion ($762.32 billion), accounting for 77.6% of the nation’s total market value of AED 3.59 trillion. This surge underscores the...
by Jibran Munaf | September 6, 2024 | Market Analysis & Commentary
Nobel Prize-winning economist Joseph Stiglitz has called for the Federal Reserve to make a significant rate cut at its next meeting, arguing that the central bank went “too far, too fast” with its recent rate hikes. Stiglitz believes these aggressive moves...
by Jennifer George | September 4, 2024 | News, Stocks & Bonds, Technology, Trending Now
When Nvidia’s stock price plummeted by 9.5% on Wednesday night, shockwaves were felt in financial markets worldwide. In a major Wall Street sell-off, the semiconductor giant shed $279 billion in value, which marked the biggest one-day market capitalization drop...
by Jibran Munaf | September 3, 2024 | Markets, Stocks & Bonds
Stock markets worldwide experienced a volatile trading session on Monday as new data revealed weakening economic performance in China, dampening investor sentiment. This overshadowed the optimism surrounding an anticipated interest rate cut by the US Federal Reserve....
