Closely held companies commonly use tender offers to provide employees an opportunity to unlock the value of their holdings before an initial public offering (IPO). It was reported last week that SpaceX was discussing selling insider shares at $95 each. SpaceX is projected to generate about $9bn in revenues from its rocket launch and Starlink…
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LaClair currently serves as Chief Revenue Officer. She will make a move to Head of Global Solutions in the new year in place of Suzan Kereere, who is set to exit the company by the end of December. LaClair has a wealth of experience in leadership roles; she previously served as Chief Financial Officer at…
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The ONS’s figures also compared the same period from 2022, where net borrowing registered lower than this October’s figures. Not only this, but it also sits as the second highest borrowing figure since October 1993, second only to October 2020 when borrowing catapulted due to a pandemic deficit of £20bn. Industry experts have urged government…
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On Monday, the Japanese Nikkei settled at a 0.15% increase after riding crests not experienced since 1990. As this index is up by an estimated 28% so far this year, it is the strongest performer in the Asian stock market. Similarly, the CSI300, China’s blue-chip index, rose by 0.66% and the Hong Kong Hang Seng…
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Surprisingly, gross domestic product growth (GDP) has been much stronger than expected. This did not, however, prevent labour market rebalances or a continued drop in inflation. Research experts at Goldman Sachs predict a 2.1% year-on-year GDP growth in 2024. Additionally, the company’s economists foresee a 2% consumption growth and a real disposable income increase of…
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Recently, fixed-income markets focused on who will buy government bonds as the supply increased to address debts that piled up during the pandemic and the energy dilemma following the Ukraine war. Globally, central banks have been increasing interest rates to tackle inflation. At the same time, these leading financial institutions withdrew from bond-buying programmes, directly…
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The following article was submitted by Michael Stark, market analyst at Exness. Markets are now entering their fourth week of ‘panic mode’ as the coronavirus and measures to tackle its spread seem set to cause a recession around the world this year. This week’s most important regular data is claimant count change from the UK…
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Adam Vettese, UK Market Analyst at eToro, has provided his daily commentary on traditional and crypto markets for February 24, 2020. Markets are down heavily across the board this morning as investors seek safety due to a rise in coronavirus cases outside of China. Outside of Asia, we had seen markets almost carrying on with…
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Adam Vettese, UK Market Analyst at eToro, has provided his daily commentary on traditional and crypto markets for February 21, 2020. On Thursday, Wall Street giant Morgan Stanley announced that it is buying online broker E*Trade in a $13bn all-stock deal, which gives the firm direct-to-consumer exposure that it has been lacking versus some of…
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Adam Vettese, UK Market Analyst at eToro, has provided his daily commentary on traditional and crypto markets for February 20, 2020. Stock prices are continuing to grind higher despite the ongoing coronavirus epidemic and warnings from companies including Apple and Adidas, with the latter revealing yesterday that its business activity in China has tumbled by…
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