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Neo Banks: The Biggest Challenge to Traditional Banking?

A term that was first used in 2017, neo banks or challenger banks, as they are called in the UK, are living up to their name. These fintech-based banks are giving the traditional banking system quite a run for their money (quite literally). Although neo banks operate only via digital means, such as mobile apps,

By |2021-06-21T16:03:16+05:30July 7th, 2021|Finance|0 Comments

Dogecoin: Just a Joke or Should We Take It Seriously?

Dogecoin started as a joke. When founders Billy Markus and Jackson Palmer designed a cryptocurrency using the popular grammatically challenged Shiba Inu meme dog as a mascot in 2013, they did not intend to create a feasible alternative to Bitcoin (BTC). Instead, they set out to make a crypto that invited intrigue due to its

By |2021-06-09T10:34:52+05:30June 9th, 2021|Finance|0 Comments

Here’s How Elon Musk’s Tweets Impact the Markets

Unless you’ve been living under a rock for the past year, you’ve probably seen the Reddit army move markets. While several factors, like the economy, business decisions, fund managers, market pandits, and insiders continue to have a major impact on the markets, another significant driver has come in the form of influencers. A tweet is

By |2021-05-31T10:10:26+05:30May 31st, 2021|Content Marketing, Finance, Social Media|0 Comments

US Stocks End Higher With S&P 500 Settling Above 4,000 For First Time

US stocks ended the holiday-shortened week on a strong note, with tech shares leading the rally. Investors once again started buying tech stocks on the easing of bond yields from their recent highs. The 10-year Treasury yield slipped 7 basis points to about 1.68% on Thursday, after hitting a 14-month high of around 1.77% in

By |2021-04-05T22:11:35+05:30April 5th, 2021|Finance|0 Comments

Wall Street Settles Last Week Mostly Lower, Despite Decline in Covid-19 Cases

US stocks ended the holiday-shortened week on a cautious note, amid a rise in Treasury bond interest rates. US Secretary of the Treasury Janet Yellen told reporters that further fiscal stimulus is needed to help the country get back to full employment, despite some economic reports pointing towards a recovery. Meanwhile, the Labor Department reported

By |2021-02-22T10:44:56+05:30February 22nd, 2021|Finance|0 Comments

US Stocks Record Best Week Since November Despite Weak NFP Report

US stocks started last week on a strong note, driven by hopes of additional stimulus from the Biden administration. Wall Street wrapped up a solid week, with the S&P 500 and Nasdaq closing at fresh highs on Friday, despite a mixed non-farm payrolls (NFP) report for January. The US Labor Department reported an addition of

By |2021-02-08T10:49:27+05:30February 8th, 2021|Finance|0 Comments

Wall Street Nosedives on Speculative Trading

Wall Street experienced a rollercoaster ride last week with heightened speculative trading driving severe volatility. Shares of GameStop jumped around 400% in heavy trading during the week, fueled by Reddit posts. The stock of this dying company with an outdated business model spiked after retail traders came together to push share prices higher after reading

By |2021-02-01T10:40:21+05:30February 1st, 2021|Finance|0 Comments

Nasdaq Hits Another Record High, as Joe Biden Takes Over as US President

Wall Street closed higher last week, as Joe Biden was sworn in as the 46th President of the United States. Markets recorded sharp gains on the inauguration day of the new President but soon lost some steam, as investors assessed Biden’s proposed $1.9 trillion pandemic relief package, which includes direct payments of $1,400 for Americans. During his speech, Biden

By |2021-01-26T11:25:57+05:30January 25th, 2021|Finance|0 Comments

US Stocks Record Gains in First Week of 2021, Congress Confirms Biden As Next President

US stocks started off 2021 with a massive downturn on Monday, after ending the previous year on a strong note. Markets turned higher after the slump on prospects of higher government aid with the Democrats winning the Senate race in Georgia. The Congress also confirmed Joe Biden’s win as the US President last week a

By |2021-01-11T10:49:20+05:30January 11th, 2021|Finance|0 Comments

What’s in the IPO Pipeline for 2021?

Last year was a phenomenal year for IPOs, with various companies raising a record $167.2 billion. The previous record was set at the apex of the “dotcom bubble” ($107.9 million). Nearly half the amount in 2020 was raised by an uptrend of Special Purpose Acquisition Companies (SPACs), allowing the market to participate in private equity

By |2021-01-06T15:07:50+05:30January 6th, 2021|Finance|0 Comments