"Delete Uber" Was Just Another Fad
On Friday, Lyft experienced a large drop in its market value with its share price collapsing by more than 30%. This was due to concerns over the company's recent decision to lower prices in an effort to stay ahead of Uber in the North American ride-sharing market.
Go Deeper (2 min read)U.S. Retail Sales Smash Estimates
Retail sales increased more than expected in January, despite rising inflation. According to the Commerce Department, sales for the month rose by 3%, exceeding the expected rise of 1.9%.
Go Deeper (2 min read)A Shallow Recession?
The International Monetary Fund has even increased their prediction for global growth in 2023, and the once inevitable European recession is now not seen as such a big concern.
Go Deeper (2 min read)Adani's Troubles
The crisis was caused by a report from U.S. short-seller Hindenburg Research accusing Adani of stock manipulation, excessive debt, and use of tax havens.
Go Deeper (3 min read)Greenlight Capital Stages A Comeback
Greenlight Capital saw a return 36.6% for 2022 thanks to its strategy of shorting overpriced technology stocks. The Nasdaq Composite index, which is heavily weighted toward technology, fell 33%.
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Hedge Funds, What To Expect For 2023?
Due to the sharp interest rate increases that have caused substantial losses for mainstream investors and equity experts, hedge funds that trade bonds and currencies are on course to enjoy their greatest year since the global financial crisis.
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ChatGPT, The New Web3?
OpenAI, the research facility behind the popular ChatGPT chatbot, is in discussions to sell its current stock in a tender offer that would value the company at around $29 billion?
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The Rebirth Of Oil And Gas
From Bankruptcy In 2020 To Racking Profits in 2022 One of the biggest stars of the fracking boom was Chesapeake Energy Corp., which enjoyed years of success thanks to its capacity to access massive reserves of American natural gas. But by the summer of 2020, the pandemic and lockdowns had
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2023, Time For A Recession?
Even though this recession may be one of the most expected in history, it could still be painful.
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Broadcom, Hard To Beat
Broadcom is a global technology leader that designs, develops and supplies a broad range of semiconductor and infrastructure software solutions. Its 50-years history dates back to diverse origins from HewlettPackard Company, AT&T, LSI Corporation and Symantec Enterprise Security.
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The Big Tech Stumble
Investors flocked to technology companies' shares over the previous ten years, betting on their upward trajectory due to their mouth watering revenue growth and solid long term prospects.
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