Oil price hits record high: Will crude reach $100 a barrel?
Oil price hits record high: Will crude reach $100 a barrel? The oil price surged to a three-year high, breaching $77.50 per barrel as a price war erupted among oil-producing nations. Oil prices have explosively surged throughout 2021 to reach a three-year high at $77.50 per barrel on July 7. The record-breaking surge is […]
CMTrading CEO, discusses gold’s recent performance and shares his insights on trading the precious metal.
CMTrading CEO, discusses gold’s recent performance and shares his insights on trading the precious metal. The CEO and co-founder of CMTrading, Daniel Kibel, outlines the potential opportunities in retail trading following gold’s recent tumble. Thanks to its safe-haven status, gold is the de facto insurance policy for central banks and investors around the world. “While gold may not yield any interest or generate income […]
Stock of the week: Apple stock gains 5% this week as tech stocks drive the stock market rally
Stock of the week: Apple stock gains 5% this week as tech stocks drive the stock market rally Apple extends its record run following a strong NFP report, which saw the US labour market break its 10-month losing streak. Apple is one of the largest and most popular companies the markets have ever […]
Payoneer goes public on Nasdaq with $1 billion market cap
Payoneer goes public on Nasdaq with $1 billion market cap The payment provider, Payoneer, went public on the Nasdaq stock exchange on Monday after a merger with a special purpose acquisition company (SPAC). Payoneer first announced its planned merger with an already publicly traded SPAC company, FTAC Olympus Acquisition Corp., back on February 3, 2021, in a deal worth $3.3 billion. On Monday, both companies announced that the merger was finalized and Payoneer went […]
Is there an upside to the crypto crash?
Is there an upside to the crypto crash? ‘Volatility is what makes trading crypto so exciting’, says CMTrading’s Daniel Kibel ‘It’s a market that has huge highs and tremendous lows,’ says. CMTrading’s Daniel Kibel as he shares his thoughts on the cryptocurrency market. The cryptocurrency market reached record highs and suffered a disastrous retraction in April 2021 when Bitcoin reached a record of $63,000 only […]
Cashing in on COVID-19: The world gained 5.2m millionaires
Cashing in on COVID-19: The world gained 5.2m millionaires – Find out which country produced the most six-figure earners! The world’s wealthiest saw a substantial increase in their finances, with more than 5.2million joining the elite “millionaire” club. Find out which countries produced the most millionaires! The impact of the pandemic saw personal wealth, particularly for the world’s poorest, decline during the […]
South Africa in lockdown: ‘Level 4’ a speed bump on the road to economic recovery
South Africa in lockdown: ‘Level 4’ a speed bump on the road to economic recovery Poor market sentiment decreased production… we look at how South Africa’s move to a higher level of lockdown will affect its economy. Despite global vaccine rollouts, the world remains in the grip of COVID-19 with many countries experiencing a […]
Oil benchmarks rally to record highs despite OPEC+ talks of production hikes
Oil benchmarks rally to record highs despite OPEC+ talks of production hikes Oil prices may have tumbled in 2020 due to the demand crash, however, both oil benchmarks are now trading at two-year highs thanks to the global rollout of the COVID-19 vaccines and renewed recovery hopes amid global travel resurgence. With oil demand soaring in 2021, inflation fears and mounting calls for governments and oil producers to curb emissions there is […]
Stock of the week: Apple up 2%, survives tough week in the market
Stock of the week: Apple up 2%, survives tough week in the market Apple stock has finally caught a break to push higher, breaching key resistance levels in the process. Despite Appl’s record performance its stock has not seen similar spikes in recent months. In the week of June 14 – 18 however, the tech titan finally caught a break to […]
NFTs are booming in 2021: Global broadcaster CNN and ELF Cosmetics join the blockchain trend
NFTs are booming in 2021: Global broadcaster CNN and ELF Cosmetics join the blockchain trend While the crypto market might be struggling, NFTs are booming with global media giant CNN joining the fray. While the crypto market has hit a major stumbling block in recent months, blockchain technology in the form of Non-fungible tokens (NFTs) is booming. From media giant CNN to cosmetic group E.L.F, major […]