Internet's favorite entrepreneur Elon Musk recently shared some advice to investors looking for the best approach in times of high inflation. Discussing the issue on Twitter, the CEO of Tesla recommended investing in "physical things".
According to Musk, it is "generally better to own physical things like a home or...
The stock of sports betting and daily fantasy sports provider DraftKings continued its free fall this week, prompting its CEO Jason Robins to speak out publicly about the issue. Robins addressed the plummeting stock on Twitter, writing that the investors who sold their DKNG stock will "regret that decision."
"If...
Chinese e-commerce giant Alibaba saw its stock (NYSE:BABA) take a significant drop this week after the company released its quarterly results. BABA lost 15.51 percent of its value in the past five days and has been trading around 105.80 at the moment.
According to the report, Alibaba's earnings per share...
Jim Cramer, host of CNBC's popular finance show Mad Money, has been one of the most popular names in stock-picking in recent years. While his resume has its fair share of misses, he also had some home runs that helped build his reputation and made him an influential voice...
The FTSE 100 and the FTSE 250 both began Tuesday's session in decline, slumping by 0.3% and 0.6% margins respectively. These movements follow investors' concerns ahead of the release of service and manufacturing PMI data from England, Europe, and the United States scheduled for later in the day. This...
As a result of stark valuation increases and significant gains, big tech stocks have soared throughout the year. Despite their strong performances, however, many investors are looking to diversify away from this long-time successful sector.
Because of their long-term gains, investors are skeptical about the likelihood that tech stocks can...
Goldman Sachs Group Inc. is the latest organization to join those who predict a surge in demand for crude oil later in the year as the use of utilities makes the switch from oil to fire power plants. This switch has been influenced by high natural gas prices. Head...
Russian internet search engine Yandex is looking to launch a new cloud business in Germany, the company announced on Friday ahead of its annual Yandex.Scale cloud conference. The business, which it hopes to open in 2022, will take a $30 million investment.
Founded in 2018, Yandex has experienced exponential growth...
Canadian hip-hop artist Drake has decided to purchase a stake in fried chicken restaurant chain Dave's Hot Chicken, putting him alongside fellow celebrity investors such as Boston Red Sox Chairman Tom Werner and actor Samuel L. Jackson. Drake, who is expected to own just under 50% of the company,...
Japanese conglomerate SoftBank Group Corp has decided to invest $125 million into a Saudi Arabian company, marking its first foray into the Gulf nation. The investment, which is for a customer communication platform called Unifonic, was co-led with Sanabil, which is wholly owned by the Kingdom's Public Investment Fund.
Unifonic...