Investing & Trading
The Dow Jones posted its ninth consecutive week of advances, its longest weekly winning streak in nearly 24 years. This was the first time the DJIA (Dow Jones Industrial Average) index crossed 26,000 points since November 9, and the nine straight week gains marked the longest streak since a 10-week run between March and May […]
... written on Feb 23 2019Huawei founder Ren Zhengfei lives a quiet life and keeps an ultra-low profile despite his massive wealth. It would take the arrest of his daughter, 46-year-old Huawei chief financial officer Sabrina Meng, to make him active and starts expressing his opinion. Essentially, the world’s largest telecom-gear maker faced its worst ever crisis as the superpower […]
... written on Feb 19 2019The Biggest Sucker – Saudi Crown Prince’s $450 Million “Leonardo da Vinci” Painting Most Likely Fake
On December 2017, the world was left speechless after Leonardo da Vinci’s “Salvator Mundi” – dating back to 1500 – was sold to a mysterious buyer who splashed a mind-boggling US$450.3 million. The “Salvator Mundi,” which means “Savior of the World”, depicts Christ as a Renaissance man dressed in flowing blue robes. The mysterious wealthy buyer was exposed […]
... written on Feb 18 2019Amazon.com is worth a staggering US$800 billion. It became the second company to reach a stock market value of US$1 trillion just weeks after Apple hit the same milestone. Its stock price is above US$1,600 a share. The company’s CEO and founder – Jeff Bezos – is not only the world’s richest man with a net worth […]
... written on Feb 15 2019Naguib Sawiris is an Egyptian billionaire with a net worth of US$5 billion (Bloomberg). Together with Nassef Sawiris, the two brothers are well known as the reputable sons of Onsi Sawiris from the wealthiest Egyptian descents. While his younger brother is the richest man in Egypt, Naguib is ranked second behind Nassef. However, when […]
... written on Feb 13 2019European Union (EU) will disintegrate, the same way the Soviet Union collapsed on 26 December 1991, if the people of Europe refuse to wake up. In his latest and probably last lecture before the elections for the European Parliament in May 2019, billionaire George Soros desperately wants the sleeping pro-Europe majority not to waste time […]
... written on Feb 12 2019Last month, the IMF (International Monetary Fund) lowered its global economic growth forecast for this year (2019) from 3.7% to 3.5%. Now, the organisation has a new warning – prepares for an economic storm. Speaking at the World Government Summit in Dubai, the IMF Managing Director Christine Lagarde said – “We see an economy that […]
... written on Feb 11 2019The on-again, off-again East Coast Rail Link (ECRL) project is still being studied whether to be dropped or deferred, some 9 months after the new Pakatan Harapan government defeated the Barisan Nasional regime. Just when everyone thought a final decision is about to be announced, Prime Minister Mahathir Mohamad dropped a bombshell – no decision […]
... written on Feb 01 2019Last year, for the first time in 7 years, Huawei successfully broke the Samsung-Apple’s domination, No. 1 and 2 respectively, in the smartphone market. Huawei shipments skyrocketed and overtook Apple to become the world’s second-largest smartphone maker. Apparently, the strategy of positioning Honor to capture mid-tier segment and premium P20 Pro appeared to be working. […]
... written on Jan 31 2019Federal charges have been made against three additional women in a Maryland case involving multi-million investment fraud. The supposed sales and marketing company attempted to defraud investors across the United States and the world by using binary options, which were fraudulently sold and marketed. According to authorities, a company called Yukom Communications hired employees […]
... written on Jan 25 2019
