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China’s latest investment frenzy sparks wild swings in gold ETF

by Anas Siddiqui
China’s latest investment frenzy sparks wild swings in gold ETF

An exchange-traded fund (ETF) that owns gold companies has become the latest target of frenzied trading in China as investors pile into corners of the market seen as resilient to …

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Malaysia 1MDB scandal: ex-PM Najib Razak files bid to serve remaining jail term under house arrest

by Walter Watson
Malaysia 1MDB scandal: ex-PM Najib Razak files bid to serve remaining jail term under house arrest

Malaysia’s disgraced former prime minister Najib Razak has filed an application in court to compel the government to make public a supplementary decree by the nation’s former king, which Najib …

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Zhang Kun, China’s biggest money manager, issues stock valuation warning, says days of fast economic growth are gone

by Anas Siddiqui
Zhang Kun, China’s biggest money manager, issues stock valuation warning, says days of fast economic growth are gone

Investors should exercise more caution when it comes to the valuations of Chinese stocks, as corporate earnings growth is set to slow because of Beijing’s pursuit of high-quality economic growth, …

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Amazon’s Jeff Bezos unseats Elon Musk as world’s richest person, after Tesla stocks slump

by Walter Watson
Amazon’s Jeff Bezos unseats Elon Musk as world’s richest person, after Tesla stocks slump

For the first time in more than nine months, Elon Musk is no longer the world’s richest person. Musk lost his position atop the Bloomberg Billionaires Index to Jeff Bezos …

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Google in Talks to Buy Nokia’s Airplane Broadband Business

by Maya Ortiz
Google in Talks to Buy Nokia’s Airplane Broadband Business

Alphabet’s Google is in talks to buy Nokia’s airplane broadband business, Bloomberg reported on Tuesday, citing people familiar with the matter. Nokia’s technology could help Google offer a faster alternative …

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Herbert Wigwe, the visionary who co-built Nigeria’s biggest lender

by Akin Smith
Herbert Wigwe, the visionary who co-built Nigeria’s biggest lender

Herbert Onyewumbu Wigwe, the chief executive of Access Holdings Plc who died aged 57 following a chopper crash Saturday in California, helped transform an obscure bank into the country’s biggest …

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These three food items have gotten cheaper

by Anas Siddiqui
These three food items have gotten cheaper

This moderate increase has confirmed the central bank’s prediction that struggling consumers may continue to get relief with food prices. According to Bloomberg’s Shisa Nyama Index, the average price increase …

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MacKenzie Scott, Jeff Bezos’ ex, sold $10B in Amazon stock in 2023

by Ron Morgan
MacKenzie Scott, Jeff Bezos’ ex, sold B in Amazon stock in 2023

Sounds like a prime deal. Jeff Bezos’ ex-wife, MacKenzie Scott, sold off about a quarter of her stake in Amazon last year, according to a regulatory filing. Scott unloaded nearly …

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Spot Bitcoin ETFs Record Over $800 Million In Net Inflows in Debut Week

by Isaac Wright
Spot Bitcoin ETFs Record Over 0 Million In Net Inflows in Debut Week

On Wednesday, January 10, the US Securities and Exchange Commission (SEC) finally approved the launch of spot Bitcoin ETFs, representing a remarkable event in US trading history.  So far, market …

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Bitcoin ETF to be approved today

by Isaac Wright
Bitcoin ETF to be approved today

The financial sector is abuzz, with a prominent Bloomberg analyst suggesting a Bitcoin ETF approval is just hours away. Senior ETF Analyst at Bloomberg, Eric Balchunas, took to X with …

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