• Invezz

    Airbnb is on track to becoming the ‘largest western travel platform’

    Airbnb Inc (NASADQ: ABNB) at the current stock price is an opportunity to own “one of the best compounding stories” at a deep discount, says Richard Clarke – Managing Director at Bernstein. Airbnb stock has a 35% upside He’s convinced the vacation rental company will beat the likes of Booking and Expedia over the next […]

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    Critchlow: “OPEC is playing with fire” following cut in production targets

    At today’s much-awaited meeting, OPEC+ members agreed to cut oil production quotas by 2 million barrels per day (bpd), much to the irritation of the Biden administration. The decision came shortly after the Joint Ministerial Monitoring Committee (JMMC) of the OPEC+ group advised the cut, just five weeks ahead of the all-important mid-terms in the […]

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    These two social networks could steal market share from Twitter

    Twitter Inc (NYSE: TWTR) is in focus on Wednesday after Elon Musk revived his $44 billion takeover deal with the social network. Twitter will likely return to the stock exchange If he follows through, Twitter could become a private company in the coming weeks. But Rohit Kulkarni – Head of MKM Ventures says the microblogging […]

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    What’s next for S&P 500 after U.S. private payrolls monthly update?

    S&P 500 is back in the red this morning on a report indicating the U.S. labour market remained tight in September. ADP non-farm employment change monthly update Private payrolls went up by 208,000 last month versus 200,000 expected – feeding right into the narrative that the Federal Reserve needs to remain hawkish. That could mean […]

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    European Council passes landmark Markets in Crypto-Assets (MiCA) regulation

    The European Council has made major strides towards crypto regulation by approving the landmark European Union’s Markets in Crypto-Assets (MiCA) regulation today. The MiCA regulation will now proceed to the European Parliament for a vote by the European Parliament’s economic affairs committee next week after which if approved will become operational earliest at the start […]

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    JOLTs jolted: Did the Fed break the labour market?

    In the Bureau of Labor Statistics (BLS) August release of the Job Openings and Labor Turnover Survey (JOLTS) report, the number of job openings, a measure of demand for labour, fell to 10.1 million. This was short of market estimates of 11 million and lower than last month’s level of 11.2 million. It also marked […]

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    Stocks surge on same old story, but nothing has changed from previous

    Haha. What’s new? Another day, another big stock market move off the back of hopes of a pivot from the Federal Reserve. In approximately the thousandth such occurrence this year, stocks have bounced sharply off renewed hope that the Federal Reserve is somewhat bluffing with its hard-lined stance against interest rate hikes. The Dow added […]

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    Abu Dhabi to Host Inaugural Middle East Blockchain Awards

    Dubai, United Arab Emirates, 5th October, 2022, Chainwire The first edition of the Middle East Blockchain Awards will be held in Abu Dhabi in November 2022, to recognise and reward outstanding efforts within the fields of blockchain and Web 3.0 innovations. Hoko Agency Middle East will host the Awards, in association with Abu Dhabi Global […]

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    NZD/USD forecast: Is the kiwi a buy after the RBNZ decision

    The NZD/USD price moved sideways on Wednesday even after the latest interest rate decision by the Reserve Bank of New Zealand (RBNZ). The pair rose to a high of 0.5800 and then pulled back to the current 0.5700. This price is about 2.6% above its lowest level this year. RBNZ interest rate decision The RBN […]

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    Peloton partners with Hilton: ‘stop fooling around with Peloton’

    Peloton Interactive Inc (NASDAQ: PTON) is up 5.0% on Monday after the exercise equipment manufacturer announced a partnership with Hilton Worldwide Holdings Inc (NYSE: HLT). Hilton hotels to feature a Peloton Bike Peloton, in a press release this morning, said it will put at least one of its bikes in all 5,400 Hilton-branded hotels across […]

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    DeSo is Elon Musk and Jack Dorsey’s Answer for Decentralized Social Blockchain

    Los Angeles, CA, 3rd October, 2022, Chainwire Takeaways: Jack Dorsey and Elon Musk’s Messages call for a decentralized social media blockchain: DeSo could be the answer. Sam Bankman-Fried, Founder of FTX crypto exchange, also had a conversation about buying Twitter or creating a blockchain-based social network The DeSo Foundation just released its roadmap to decentralize […]

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    Perpetual DEX Palmswap successfully completed Fair Launch with over 6600 BNB raised

    The decentralised perpetual contract trading protocol, Palmswap, held a community fair launch of its native token, PALM. One hundred million PALM tokens were up for sale between Sept. 20 and Sept. 29. During this period, funds were collected in a pool, and an average token price was determined based on the aggregate amount. The good […]