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Global Market - Angel One

Top Countries by Foreign Exchange Reserves

12 March 2024

Foreign exchange reserves, also known as forex reserves, are essentially a nation’s savings account held in foreign currencies. Countries accumulate these reserves for several reasons, including: Maintaining a stable exchange rate: By selling foreign reserves, a central bank can buy its own currency in the foreign exchange market, thus influencing the exchange rate. Managing international …

Top 10 richest central banks in the world

11 March 2024

Central banks are the financial institutions that manage a country’s money supply and interest rates. They play a vital role in maintaining financial stability and promoting economic growth. The wealth of a central bank is measured by its assets, which can include gold, foreign currencies, and government bonds. Here’s a look at the top 10 …

Nvidia’s record rally: Directors pocket $180 million – Is the stock overheating?

7 March 2024

Nvidia Corp, the renowned chipmaker, has been dominating headlines as its stock continues to surge, smashing through record after record. Recently, two of Nvidia’s directors seized the opportunity to cash in on this remarkable run, selling shares worth a whopping $180 million. Let’s dive into the details and explore the implications of these insider transactions …

Fed rate cuts in 2024: Uncertain timing amid mixed signals

6 March 2024

As the economy and inflation outpace expectations, all eyes turn to the Federal Reserve for clues about potential interest rate cuts. Fed Chair Jerome Powell’s upcoming testimony to Congress will be closely scrutinised for insights into when and by how much the Fed might reduce its benchmark rate. Amidst heightened public frustration with inflation, the …

NVIDIA Becomes The 3rd Largest Company Globally – Stock rises 28.58% in February

5 March 2024

NVIDIA Corporation, a leading American semiconductor company renowned for its high-end graphics processing units (GPUs), has experienced a remarkable upsurge in its market value and global standing. This surge comes on the heels of the company’s stellar financial performance and growing demand for artificial intelligence (AI) infrastructure, propelling it to surpass industry giants and secure …

Billionaire CEOs, founders and heirs are selling their stocks

28 February 2024

Recently, high-profile figures like Jeff Bezos, Mark Zuckerberg, and the Walton family have been selling off significant amounts of stock in their respective companies. This trend has caught the attention of many, especially since stock prices are soaring. Let’s delve into why these sales are happening and what they could mean. Big Sales, Big Numbers …

Nvidia vs Intel: A tale of two chipmakers in the age of AI

26 February 2024

NVIDIA and Intel, two prominent players in the semiconductor industry, are charting distinct courses in the competitive landscape of AI chip development. This article provides a comprehensive comparison of their financial performance and strategic initiatives, shedding light on their respective positions and prospects in the burgeoning AI market. Market Overview NVIDIA Corporation is renowned for …

Reddit Prepares For IPO Amid Data Licensing Deal And Revenue Growth

26 February 2024

Reddit Inc., the popular social media platform, is making significant strides towards its long-anticipated initial public offering (IPO). With a recent data licensing deal and impressive revenue growth, Reddit is poised to enter the public market with confidence approximately in March. Data Licensing Deal and Revenue Growth Recent reports reveal that Reddit has secured a …

Japan’s Nikkei 225 surges past 1989 record

22 February 2024

Japan’s Nikkei 225 index achieved a significant milestone on Thursday, surpassing the record it set in 1989 before the burst of its financial bubble. The index closed at 39,098.68, up 2.2%, marking a remarkable resurgence after years of stagnation. Decades of Struggle Following its peak in 1989, the Nikkei 225 endured a prolonged period of …

Israel’s Economy Battles Bruises Amid War Toll

20 February 2024

Sharp Contraction in the Final Quarter Israel’s economy faced a significant downturn in the fourth quarter of 2023, plummeting 19.4% compared to the previous quarter, marking its first contraction in nearly two years. The decline was attributed to the ongoing conflict with Hamas, which has taken a toll on various sectors of the economy. This …

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