ARK Invest continues to offload its Coinbase stocks
Ark invest, under the stewardship of the ever-dynamic Cathie Wood, has once again made headlines. This time, it’s for offloading a whopping $25 million woth of Coinbase (COIN) shares as January 3, amidst a 3% drop in the stock to $152.24. ARK’s Strategic Maneuvers: Beyond Coinbase ARK Invest has rebalanced its portfolio, acquiring Tesla shares […]
Can Investing $100 a month really make you rich?
Consistent investment, even small amounts like $100 a month, can significantly contribute to wealth accumulation with the right strategy and long-term perspective. Building Wealth: Can you invest $100 a month? Starting with a modest monthly investment of $100 can significantly build wealth over time, benefiting from compounding interest and growth opportunities, thereby establishing a solid […]
Guide to investing in premium condominiums in the Philippines
This article provides strategic insights for investors interested in investing in premium condominiums in the evolving Philippine real estate market, focusing on key considerations and informed decisions. 1. Location Address significantly impacts property value, especially condominiums. Bridgetowne’s prime location offers convenience and guaranteed capital appreciation. Le Pont Residences, developed by RLC Residences, is near major […]
Korea to invest $96 million with the private sector to drive digital transformation
The South Korean government and private sector plan to invest 123.5 billion won ($95.89 million) next year to accelerate digital transformation in key industries like automobiles, shipbuilding, secondary batteries, foundational industries, and machinery. The plan includes a collaborative data utilization system for electric vehicle production and supply chain. The initiative aims to reduce costs, optimize […]
US firms picky about investing in China
China’s economy faces challenges from security controls, protectionism, and strained relations with Washington. However, American fast-food chains are considering a 1.4 billion-people market as a potential investment, despite the uncertainty surrounding China’s economic prospects. KFC, McDonald’s, and Starbucks have opened stores in China, despite President Xi Jinping’s efforts to modernize the economy by curbing advanced […]
Op-ed: How to use ETFs to invest in stocks and alternative assets in 2024
ETFs have revolutionized the investment landscape by offering diversification and accessibility to diverse assets, transforming traditional asset management from exclusive clubs to accessible and sound investment strategies. ETFs provide price updates, liquidity, and transparency, allowing investors to make informed decisions based on market conditions, offering flexibility and potential for growth in 2024. Growth ETFs have […]
SK Group invest $770M to build integrated R&D center in Bucheon
SK Group plans to invest 770 million to build SK Green Techno Campus in Bucheon, South Korea, housing over 3,000 researchers focused on eco-friendly technologies. SK Group Chairman Chey Tae-won’s determination has influenced the construction of the SK Green Techno Campus, promoting eco-friendly technologies and enhancing group competitiveness. Chey introduced a unique incentive system in […]
Workers at Well Fargo became the major U.S. bank to unionize.
Workers at a Wells Fargo branch in Albuquerque, New Mexico, voted 5-3 in favor of unionizing, marking the first such vote at a major U.S. bank. The bankers and tellers joined a broader unionization push that has emerged at companies like Starbucks and Amazon.com, as workers seek more say at their jobs following pandemic-related disruptions […]
Alibaba’s CEO, Eddie Wu, will take charge of the business.
Eddie Wu, co-founder and CEO of Alibaba Group Holding, will become the CEO of Taobao and Tmall Group, Alibaba’s domestic e-commerce unit, effective immediately. Trudy Dai will take a new internal role to establish an asset-management company. Alibaba Group’s Chairman Joe Tsai has announced Eddie’s leadership of Alibaba Cloud and TTG, focusing on cloud computing […]
Goldman adds voice to bearish expectations for the dollar.
Goldman Sachs Group added its voice to a chorus of expectations of a weaker dollar after the US central bank’s clearest sign yet that interest-rate cuts are coming. Goldman Bank’s exchange-rate forecasts were altered following the Federal Reserve’s interest-rate cuts, causing hedge funds and speculators to shift to a net short position against the dollar.The […]