The demand for exchange-traded funds (ETFs) among investors is showing no signs of slowing down. According to Steve Sachs, the global chief operating officer of Goldman’s ETF Accelerator, firms that do not offer ETF products may be at risk of losing business in the long run. Sachs emphasizes that the opportunity cost of not providing
Global Finance
As we move into the second quarter of the year, the Federal Reserve may have new incentives to cut rates even deeper. According to Canaccord Genuity’s Tony Dwyer, a deteriorating jobs market and easing inflation will likely push the Fed to take more aggressive action. Dwyer believes that while they may not need to return
Mark Yusko, the CEO and chief investment officer of Morgan Creek Capital Management, is making a bold prediction that Bitcoin will more than double in value this year to reach $150,000. This forecast is based on his belief that Bitcoin is the dominant token and a better form of gold. Yusko advises investors to “get
In a surprising turn of events, Chinese telecommunications giant Huawei announced on Friday that its net profit for 2023 more than doubled compared to the previous year. The company credited this remarkable success to its superior product offerings that helped drive revenue growth by 9.6% year-on-year, reaching a whopping 704.2 billion yuan ($99.18 billion). The
Chinese smartphone company Xiaomi has announced the launch of its first electric car, the SU7, in an attempt to compete with established players like Tesla in the fiercely competitive electric vehicle market in China. The CEO of Xiaomi, Lei Jun, revealed that the SU7 will be priced significantly lower than Tesla’s Model 3, igniting a
UBS CEO Sergio Ermotti made a whopping 14.4 million Swiss francs in 2023, a staggering amount that equals $15.9 million in the US. This massive sum comes after his unexpected return to lead the Swiss banking giant once again. Ermotti stepped back into the role following the absorption of troubled competitor Credit Suisse. The announcement
The Financial Conduct Authority (FCA) in Britain recently announced guidelines for financial services companies and social media influencers regarding the creation of memes related to cryptocurrencies and other investments. This move by the FCA aims to combat the increasing number of scams in the financial sector. The FCA stressed the importance of ensuring that marketing
The cocoa market has been experiencing a significant surge in prices, with futures for May delivery hitting a record high of $10,030 per metric ton. This marks the first time that cocoa prices have surpassed the $10,000 mark, representing a substantial 3.9% increase. The surge in cocoa prices can be attributed to a variety of
The recent decision by the Central Bank of Nigeria to raise its key interest rate by 200 basis points has sparked discussions about its potential impact on the country’s economy. Governor Olayemi Cardoso cited the need to continue tightening monetary policy in order to combat runaway inflation as the primary reason for the rate hike.
Recent reports have revealed that one of the Binance executives who was detained in Nigeria has managed to escape custody, adding a new layer of complexity to an already intricate situation. In addition, the Nigerian government has taken a drastic step by filing four new charges of tax evasion against the global cryptocurrency exchange. These
The private equity landscape in Asia Pacific experienced a significant decline in total deal value last year, reaching its lowest point since 2014. This decrease was primarily attributed to a combination of factors such as slowing economic growth, high interest rates, and volatile public markets. Fundraising also dropped to a 10-year low, reflecting the challenges
Roundhill Investments is taking a bold step by introducing two new exchange-traded funds to the market. The first fund will focus on companies within the health care sector that are responsible for GLP-1 drugs. This move comes at a time where rapid advancements in pharmaceuticals are expected, making it an exciting space to keep an