Despite the mixed recovery… Wall Street analysts are optimistic about Chinese technology stocks

2023-05-22 19:03:57 Wall Street analysts expressed optimism about the performance of shares of large Chinese technology companies, even if the recovery appears to be mixed with the companies and their recent profits. While Baidu’s profits and revenues exceeded analysts’ expectations, and Tencent returned to profitability, Alibaba reported revenues below analysts’ expectations. Coinciding with the decline … Read more

How secure is the US banking system?

2023-05-20 11:17:46 Fifty-two days after the collapse of the Silicon Valley Bank SVB that rocked the US financial system, regulators have taken control First Republic Bank Monday, May 1, before selling its assets to JPMorgan Chase. First Republic was among the US regional banks hardest hit by a loss of confidence in the banking sector, … Read more

Currency rates today, Thursday 18-5-2023, at the National Bank of Egypt

2023-05-18 08:46:00 Written by Reham Al-Basha Thursday, May 18, 2023 11:46 AM We publish Exchange Rates Against the Egyptian pound today, Thursday 5-18-2023, according to the updates of the National Bank of Egypt, where it recorded dollar price In front of the pound, it recorded 30.75 pounds for purchase, and 30.85 pounds for sale, while … Read more

The Nasdaq Composite Index achieved its highest close in 8 months.. Tesla stock rose to its highest level in 3 weeks

2023-05-08 21:03:44 The main US indices closed mixed in the Monday session after a strong rise in the Friday session, as investors await the inflation data for the month of April, which is expected to be released next Wednesday. The regional banks index fell by about 3% after achieving the highest daily gain in 7 … Read more

“Zimbabwe Launches Gold-Backed Cryptocurrency as Alternative to Collapsed Local Currency”

2023-05-08 07:53:48 In this southern African country where the local currency has collapsed, you can now pay in golden digital tokens using an e-gold card or save with a gold e-suitcase. A possibility open from May 8 to companies – from 5 000 dollars invested – then subsequently to individuals for a minimum amount of … Read more

The banking crisis will not end unless the Fed cuts interest rates

2023-05-06 19:12:57 Billionaire Jeffrey Gundlach believes that the crisis of regional banks in America will remain unless the Federal Reserve cuts interest rates. In an interview with CNBC, the co-founder of DoubleLine Capital said that despite Federal Reserve Chairman Jerome Powell’s remarks that the crisis has improved, deposits will continue to flee the bank. He … Read more