German debt will rise to alarming levels In response to the closure of the economy due to the coronavirus, Germany has taken several costly measures to mitigate the effects of the crisis. Among other things, it took a reduction in value-added tax for half a year, decided to provide families with a one-time contribution of […]
After hitting the March floor, US stock prices rebounded and then rose to new all-time highs. The growth was led by large technology companies, which, by the nature of their business, benefited from measures to combat the coronavirus pandemic. The Nasdaq 100 technology index thus strengthened significantly, relative to the US benchmark index S&P 500. […]
The largest software IPO Snowflake has raised the largest initial public offering for Wall Street’s latest huge demand for cloud computing companies. Snowflake’s stock price exceeded its original target price range of $100 to $110, which alone rose more than a quarter earlier this week. The company’s market value is more than two and a […]
Russia’s and China’s plans to move away from the dollar-based financial system is nothing new. Countries are working together to reduce their dependence on the dollar – a development that some experts say has led to a “financial alliance” between the economic powers. At the end of 2019, Russia, China and India even considered an […]
Gold surpassed $2,000 for the first time Gold crossed the $2,000 per troy ounce mark for the first time on Tuesday. It has grown by almost a third since the beginning of the year, supported by the negative economic effects of the coronavirus crisis. Demand for gold is also currently supported by increased tensions in […]
Lemonade´s IPO ranked among the fastest-growing companies during the first day of its listing. IPO, which belongs to the insurance company Inari Medical Inc. focused on artificial intelligence, grew 73% to the price of 29 USD right after the market opening and closed the day 140% higher. Lemonade builds on several IPO technologies that have […]