Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

Money

Is 2024 the year your investments crumble?

Published

on

2024 is on the horizon, and according to a prominent economist, it’s gearing up to be the most tumultuous year for financial markets in our lifetime. I

This expert is advising people to steer clear of their financial advisers. Brace yourselves for what could be an unprecedented rollercoaster ride in the world of investments.

Economist Extraordinaire, Dr. Cassandra Wise, is sounding the alarm bells, dubbing 2024 as the ‘biggest single crash year in our lifetimes.’ Her unconventional advice? “Do not listen to your financial adviser.”

Dr. Wise, known for her uncanny ability to predict economic trends, believes that traditional investment strategies may not hold up in the face of the impending storm.

With the specter of a financial crisis looming, many are left wondering whether they should heed Dr. Wise’s warning or stick with their trusted financial advisors. As the debate rages on, experts and investors alike are scrambling to make sense of the economic puzzle that could reshape fortunes and futures.

Will 2024 be the year when conventional wisdom is upended, leaving investors to fend for themselves?

As we enter this uncertain territory, it’s essential to consider the potential ramifications of Dr. Wise’s bold prediction. Is she onto something that the experts have overlooked, or is this a moment of sensationalism in the financial world?

Buckle up, because 2024 may be a year that forces us to reevaluate our investment strategies and redefine what it means to safeguard our financial future.

Continue Reading

Money

AI pushes the Nasdaq to a record-breaking close

Published

on

The Nasdaq achieved a record-breaking close, surpassing its previous record high of 16,057.44, which was established on November 21, 2021.

Artificial assistance

Artificial intelligence-related technology stocks, such as Nvidia (NVDA.O) and Microsoft (MSFT.O), have greatly boosted the index.

The Nasdaq Composite has increased by almost 7.2% this year.

The tech-focused index surged 43% in 2023, and as chipmakers gained traction and confidence increased that the Fed might achieve a soft landing—that is, curb inflation without inciting a recession—stocks surged strongly by year-end.

In contrast, Nvidia increased by 1.9% on Thursday, bringing its total gain from a year ago to around 250%.

Market boom

Every S&P 500 subs sector saw a gain at the end of the month.

Analysts at Deutsche Bank report that the index has now increased for 16 of the past 18 weeks, matching the record most winning weeks last attained in 1971.

Bitcoin also moved closer to its all-time high.

The price of the virtual currency momentarily surpassed $64,000 as spot bitcoin ETFs helped drive it to heights last seen in 2021.

Continue Reading

Money

Disney sign off on mega merger with India’s largest conglomerate

Published

on

India’s top conglomerate Reliance Industries and Walt Disney announced the merger of their India TV and streaming media assets, forming an $8.5 billion entertainment juggernaut.

Disney, Reliance sign non-binding agreement for India’s largest media conglomerate

Reliance, led by Asia’s richest man, Mukesh Ambani, will inject $1.4 billion in the merged entity, with the company and its affiliates holding a more than 63% stake, with Disney owning the rest, the companies said in a joint statement.

Mukesh Ambani, Reliance’s multimillionaire CEO

Media rivals

With two streaming platforms and 120 TV channels, the combined company will be a formidable opponent for competitors like Netflix and Sony of Japan in the $28 billion media and entertainment market, which is expected to grow to $100 billion by the end of the decade.

Disney’s lengthy battle to stop users from leaving its collapsing Indian streaming service and the financial burden resulting from billion-dollar payments for Indian cricket rights before the deal, providing yet another illustration of how difficult it can be for Western companies to expand in India.

Ultimate alliance

“The combined entity will create a sports behemoth in India,” stated Jinesh Joshi, an analyst at Prabhudas Lilladher in India.

“This merger will give Reliance great bargaining power when it comes to negotiating advertisement contracts … For Disney, coming together with a bigger player, in terms of (financial) pockets, will give it a cash cushion,” he continued.

According to the corporations, the combined company will serve the approximately 750 million viewers in India as well as the Indian diaspora worldwide.

According to Disney CEO Bog Iger’s statement, “Reliance has a deep understanding of the Indian market and consumer,” and the acquisition will enable “us to better serve consumers with a broad portfolio of digital services, entertainment, and sports.”

Continue Reading

Money

Warner Bros Discovery plans to shutdown popular NZ news network

Published

on

One of New Zealand’s two free-to-air television networks claimed it will be shutting down all newsroom operations, television news broadcasts and website from June 30, with the loss of up to 200 media jobs.

The once-thriving network, which had been a staple in the New Zealand entertainment industry, is now facing financial turmoil, sending shockwaves through the media landscape.

Warner Bros Discovery, who own the NZ news network, stated the decision comes following further attempts to reduce costs and that meant major changes including the planned shut down of the newsroom.

Continue Reading
Live Watch Ticker News Live
Advertisement

Trending Now

Copyright © 2023 The Ticker Company