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Taking advantage of having your finger on the news pulse

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Whether it is the President of Sri Lanka being ousted, China increasing steel demand or Russia and Ukraine agreeing to allow grain exports to flow from the region, every person needs to have their finger on the news pulse.

Understanding world events, and how they can impact stock markets, can help to identify investment opportunities at the click of a button.

The need for a simple and easy-to-use trading app has never been greater, IBKR GlobalTrader by Interactive Brokers does exactly that.

IBKR GlobalTrader is a stock trading app designed for both new and experienced traders, where clients from all over the world can access 150 markets, 25 currencies and invest in a wide range of global products from a single integrated platform. 

This can be beneficial, especially if you are following a news story that hasn’t quite developed traction, can do some extra research about the region and find a gem.

Image: file

MAKE OR BREAK

But what about fees? This can be the deal-maker-or-breaker when it comes to an app, and especially after finding that company.

Trading costs with IBKR GlobalTrader are low – meaning more of your profit can stay in your pocket – and investors have access to the highly-liquid Nasdaq and Dow Jones markets. (For investors within the US, they can enjoy zero commissions on US stocks and for investors outside the US, commissions start at just USD 0.0035 per share).

And when you compare this to similar companies such as Robinhood, Vanguard and Charles Schwab in terms of fees, it is a no-brainer to see that IBKR GlobalTrader comes out on top.

The company currently manages more than $10billion in equity capital and more than 2.5 million trades per day are conducted.

For more on Interactive Brokers and IBKR GlobalTrader, head to their website, or download the app from the Apple App Store or on Google Play.

Business

This investor sold its equity stake in Twitter during Musk takeover saga

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A Securities and Exchange filing has showed active investor Elliott Management has sold its equity stake, as well as cutting its exposure, to Twitter

The company previously held 10 million stocks in the social media giant, and was one of its major shareholders.

Twitter’s stock price dramatically rose in April, on the back of Elon Musk wanting to buy the company for approximately $44billion.

The after-effects of the takeover saga are still ongoing, with the billionaire and Twitter embroiled in a legal battle.

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Why a Bitcoin mining company is going against a major merger

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Bitcoin mining company PrimeBlock has ended plans to go public via a specialpurpose acquisition company (SPAC) merger with 10X Capital.

The firms terminated the agreement via mutual consent, according to a US Securities and Exchange Commission filing.

Plans for the merger were confirmed in April, with expectations that it would be completed in the second half of 2022, carrying an enterprise value of $1.25billion.

No official reason has been given for the decision, but it is believed the volatility of both the crypto and mainstream markets in recent months may be a factor.

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American Airlines is getting into supersonic travel with major Boom order

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What was once a pipe dream – to fly as they did on the Concorde – American Airlines is bringing back supersonic travel.

The US airline has agreed to purchase 20 supersonic Overture planes from Boom Supersonic.

The deal is the second firm order in the last two years for Boom, which is still years from building its first commercial airplane. 

“Passengers want flights that are faster, more convenient, more sustainable and that’s what Overture delivers,” Boom CEO Blake Scholl told CNBC.

“Flight times can be as little as half as what we have today, and that works great in networks like American where we can fly Miami to London in less than five hours.”

Last year United Airlines made a commitment to buy 15 Overture jets.

Boom says the Overture jet will dramatically cutting trans-Atlantic and trans-Pacific flight times. 

“Supersonic travel will be an important part of our ability to deliver for our customers,” American’s chief financial officer, Derek Kerr, said in a statement announcing the order.

American has the option to purchase another 40 Overtures in the future.

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