Author: Arabian Media staff
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Once upon a time, Robinhood merely offered trading in companies with outlandish valuations. Now, the online broker has become one itself. Founder Vlad Tenev is building a fast-expanding empire whose affinity with cryptocurrencies fits the current political mood. At 72 times this year’s forecast earnings, investors are making some heroic assumptions.Shares in Robinhood have risen 150 per cent this year, buoyed not only by the seemingly irrepressible trading activity of its retail investor customers, but also by expectations that once cryptocurrencies are…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Will and John Kellogg invented cornflakes to provide patients at the Battle Creek Sanitarium with a bland, easily digestible breakfast, which — they apparently believed — would dampen unseemly urges. Italian confectioner Ferrero, which has agreed to pay $3.1bn for WK Kellogg, appears to be making a contrarian bet that it can make cereal sexy.Strategically, there are some good reasons for Ferrero to scoop up the cereal maker. The privately held purveyor of Nutella spread, Kinder eggs and Ferrero Rocher pralines —…
Mary Ann Bartels, chief investment strategist at Sanctuary Wealth, believes the S&P 500 can rally another 12% this year. Source link
Although retirement seems far away in your early twenties, it is important to start saving, even though it can feel easy to postpone. According to the Teachers Insurance and Annuity Association Institute (TIAA), only one in five Gen Zers is setting aside money for retirement. While it may be tempting to delay thinking about retirement, starting early and staying consistent lays the foundation for a financially comfortable future.The power of compounding interest works best when given time to grow and allows small contributions to transform into large sums over time. Generally, experts recommend aiming for a 401(k) contribution of at…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Law firm Quinn Emanuel has sued a listed 3D printing company, claiming it was short-changed on a $30mn fee for winning a legal battle over a troubled merger. Quinn represented 3D printer Desktop Metal in a Delaware court fight to complete its $183mn acquisition by larger rival Nano Dimension. A judge ordered the deal completed in March but Quinn has yet to be paid, and now claims it is owed $90mn by Nano as the successor company. “Nano Dimension and its CEO,…
After being called out by a group of investors, Tesla has set a date for its annual gathering. Source link
A troubling shift in the dollar’s trading relationship with U.S. stocks has eased somewhat over the past few weeks. Source link
Stay informed with free updatesSimply sign up to the Technology sector myFT Digest — delivered directly to your inbox.The writer is senior fellow in technology policy at the Cato Institute and adjunct professor at George Mason University’s Antonin Scalia Law SchoolLast month, the US Supreme Court upheld a Texas law that requires verification of a user’s age when visiting websites with pornographic content. It joins the UK’s Online Safety Act and Australia’s ban on social media use by under 16s as the latest measure aimed at keeping young people safe online.While protecting children is the well-intentioned motivation for these laws,…
Stay informed with free updatesSimply sign up to the Airlines myFT Digest — delivered directly to your inbox.Portugal has relaunched the privatisation of its flagship airline TAP, saying it wants to sell 49.9 per cent of the business in a move that opens the way for a potential bidding war. The announcement from Prime Minister Luís Montenegro on Thursday restarts a long-delayed process that had previously attracted interest from Europe’s three big airline groups: IAG, Air France-KLM and Lufthansa.Montenegro, a centre-right leader who began a new term in June, said he was “convinced that there will be many interested parties”…
Image credit: WAM/Website Q Mobility has announced the activation of new paid parking (MAWAQiF) zones across several sectors on Abu Dhabi Island. The new zones come into effect today, July 10. Read-Paid parking in Dubai: Authorities sign MoU to enhance efficiency The affected areas include Dolphin Park, Eastern Mangroves, Al Khaleej Al Arabi Park 1, 2, 4, and 5, as well as Al Gurm Plaza. The announcement was made on Q Mobility’s official Instagram account. The expansion of MAWAQiF zones is part of the emirate’s broader strategy to streamline traffic flow and enhance parking accessibility in high-demand locations. Image credit:…