Li Lu may not be a household name for retail investors, but in the halls of Berkshire Hathaway, he is revered. Born in China and shaped by the 1989 student protests, Lu eventually found his calling at Columbia University after hearing a lecture by Warren Buffett. His investment firm, Himalaya Capital, now manages $3.5 billion
A growing share of Gen-Z (defined as those born between 1997 and 2012) is stepping away from work and education at the same time that debt burdens are rising and wages are struggling to keep up with living costs. Across major economies, millions of young people are now classified as NEETs, meaning they are not in
The United States has accelerated a fresh wave of arms sales to Gulf allies, advancing roughly $23 billion in defence deals as the Iran-Israel conflict widens across the region. The approvals, reported by The Wall Street Journal, target the United Arab Emirates, Kuwait, and Jordan. The move comes as attacks on energy infrastructure and shipping
Rivian stock remains on edge today, March 20, as investors focus on the large investment and order from Uber. After rising by nearly 4% on Thursday, the stock pulled back by over 1% on Friday as traders sold the recent news. Uber’s investment in Rivian provides it with the much-needed cash Rivian stock is in
Amazon is developing a new smartphone within its devices and services unit, more than a decade after its first failed attempt in the category, according to a report by Reuters. The project, internally dubbed “Transformer,” is being positioned as a personalised mobile device that can integrate with the Alexa voice assistant and act as a
US stock futures slipped on Friday morning as oil prices picked up steam again after a brief pause. Dow futures fell about 200 points, while S&P 500 and Nasdaq 100 futures also edged lower, despite earlier signals pointing to a positive open. Wall Street is facing some serious headwinds as a hawkish Fed tone and
The Middle Eastern conflict has severely affected the stock markets. From the US to Europe to Asia, markets are bleeding, and stocks that have enjoyed a strong run prior are coming down to reality. At this juncture, underdog investment strategies such as value are outperforming conventional winners such as growth, quality, and momentum, which perform
UK household energy bills are set to rise sharply from July as wholesale gas prices surge in the wake of the Iran war, with the typical annual bill nearing £2,000. Ofgem will announce the summer price cap on 27 May, with current estimates pointing to a steep increase driven by volatile global energy markets. What
Coinbase has introduced perpetual stock futures for eligible non-US retail and institutional traders, expanding its derivatives offering into US equities. The move marks a significant step in the company’s broader ambition to become an “Everything Exchange,” combining crypto, traditional assets, and new financial instruments on a single platform. Expanding access to US equities The new
Wall Street opened lower on Friday as the escalating conflict involving Iran approached its fourth week, unsettling energy markets and forcing investors to reassess expectations for interest-rate cuts by the Federal Reserve. Dow Jones Industrial Average, S&P 500, and Nasdaq 100 all opened lower. Dow Jones Industrial Average was down 0.23% or 104 points. The