Due to high valuations and less supportive Federal Reserve policies, Jim Paulsen of The Leuthold Group forecasts a 10% to 15% fall next year. However, due to ongoing solid GDP and profit growth, he anticipates a large market setback to be temporary.
Go Deeper (2 min read)Buy Now Pay Later Tumbles - Time To Buy?
Following the opening of an inquiry into the sector by the US consumer authority, shares of numerous "Buy Now, Pay Later" (BNPL) companies plummeted.
Go Deeper (2 min read)LSE's Lackluster Performance
London's attempt to compete with New York by transforming its stock market into a refuge for fast-growing technology businesses is stumbling as trading volumes decrease and some big-ticket initial public offerings fail.
Go Deeper (2 min read)Molten Ventures' Portfolio Value Jumps
The portfolio value of Molten Ventures, formerly Draper Esprit, has increased by 27% to £1.35 billion in the last six months, according to the London-listed tech venture capital firm.
Go Deeper (1 min read)A New Hawkish Normal
As it confronts growing inflation pressures, Federal Reserve Chairman Jerome Powell suggested on Tuesday that the central bank may remove its support faster than initially planned.
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Russian IPO Activity Ticks Up
As the global economy improves and fears about new Western sanctions recede, Russian IPO activity is heating up. By the end of the year, the Moscow Exchange aims to have 10 share listings.
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PayPal's $ 45B Bid For Pinterest
PayPal Holdings has made an offer to purchase digital pinboard site Pinterest Inc for $45 billion, a combination that may presage additional financial technology and social media mergers in e-commerce.
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Futu And Tiger Brokers Under Pressure
Futu Holding and UP Fintech Holding (the company behind Tiger Brokers), both U.S.-listed Chinese online brokerages, face regulatory concerns when China's new personal data privacy law takes effect on November 1, according to an analysis on the People's Daily website.
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All Eyes On India
Investors have been directing money into India's stock market, which Goldman Sachs predicts could rise to more than $5 trillion in three years, making it the world's fifth largest.
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Meituan Hit With $ 534m Antitrust Fine
China's State Administration for Market Regulation (SAMR) announced on Friday that Meituan had abused its monopoly in the country's online food delivery market.
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Twitter Sells MoPub To AppLovin For $ 1.05B
MoPub was purchased by Twitter for $350 million in 2013 and will be sold for $1.05 billion in cash. According to Twitter, MoPub helped the business generate $188 million in revenue last year. Twitter had previously stated that it wanted to double its yearly revenue by 2023.
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