Category: Money

Arm Holdings’ initial public offering is already oversubscribed by 10 times and bankers plan to stop taking orders by Tuesday afternoon, according to sources. Arm, controlled by SoftBank Group, will close its order book a day early on Tuesday, but is still planning to price its shares on Wednesday, the sources said. It is not uncommon for books to close early on an IPO, which often indicates strong demand. The offering could end up as much as 15 times oversubscribed by Wednesday, the sources added. Nothing has been finalised and…

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The Abu Dhabi Securities Exchange, the Arab world’s second-largest exchange by market value, has signed an initial agreement with the New York Stock Exchange to explore dual listing of companies on both exchanges. The ADX and the NYSE, part of Intercontinental Exchange, will also explore opportunities to develop exchange traded funds and data and index products, as well as to collaborate on sustainability-related initiatives, the ADX said in a statement on Thursday. John Tuttle, vice chairman of the NYSE, and Abdulla Al Nuaimi, chief executive of the ADX, signed the…

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Last year’s stock market rally was a myth. The market didn’t rally, seven high-profile stocks did. The success of the so-called Magnificent Seven – Alphabet, Apple, Amazon, Microsoft, Meta Platforms, Nvidia and Tesla – has distorted perceptions. For most of the market, 2023 was a challenging year. Crowd pleasers like chip maker Nvidia, whose shares rose 230 per cent, Meta (up 185 per cent) and electric car maker Tesla (up 130 per cent) distracted investors from deficiencies almost everywhere else as stubbornly high inflation and mounting geopolitical concerns weighed on…

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Scroll down for detailed guides on salary brackets for each sector There is positive news for employees and jobseekers in the UAE in 2024, with salaries expected to rise by an average of 4 per cent to 7 per cent amid a strong jobs market and demand for talent that will combine to drive up wages, according to recruitment specialists. The UAE’s recruitment market has undergone several positive shifts over the past 12 months, reflecting the Emirate’s continuing commitment to economic diversification and technological innovation, Cooper Fitch says in its…

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Digital trading and investment platform eToro has received approval for a financial services permission from the Abu Dhabi Global Markets’ Financial Services Regulatory Authority to operate as a broker for securities, derivatives and crypto assets in the UAE. The company, which has more than 34 million registered users and operates in more than 100 countries, allows users to open an account free of charge and start trading with a minimum of $200, which can be funded by either a debit card, bank account or PayPal. “The approval of our operating…

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Remember when all anyone wanted was a return to their lives pre-Covid? Talking heads were sure it wasn’t coming. They claimed supply chains, travel and spending patterns had been forever changed. Even handshakes were supposedly gone. Now? Economic normalcy has sneakily returned … yet pundits see danger in the old normal they once craved. “Fear” – false evidence appearing real – reigns. Don’t fall prey to it. The return to normalcy is hugely bullish – more so because few see it. Ditch “fear” and instead “cheer” – celebrate hidden examples…

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It came without warning, declaration or an all-clear signal. Last October, terrible 2022’s global bear market died. A new bull market was born – led by the exact categories that lagged in the bear market. Doubters from Ajman to Alaska cannot see it, but that beautiful bounce continues now – and still has legs. As this young bull market charges higher, here are three key sectors that should lead it – and three that could lag behind. More from Ken FisherHow to invest in artificial intelligence the smart wayWhy the…

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Here we go again. “Demographic experts” complain that low developed world birth rates will cause labour shortages, hurt businesses and tank economic demand, all while “zombie-like” old folks suck resources dry. Their simple-minded conclusion: “bad” demographics will hurt the global economy and stock markets. But these fears are old – and wholly backward. Older populations aren’t impediments to progress – they are signs of it. Here is how to see through daffy demogra-fictions. Yes, the western world is ageing. Start with America. On The Money Make money work for you…

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The US central bank will continue to move carefully but will not hesitate to tighten policy further if needed to contain inflation, Federal Reserve Chairman Jerome Powell has said. “If it becomes appropriate to tighten policy further, we will not hesitate to do so,” Mr Powell said in opening remarks prepared for a panel discussion at an International Monetary Fund conference in Washington on Thursday. “We will continue to move carefully, however, allowing us to address both the risk of being misled by a few good months of data and…

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Newsflash! The world didn’t end in 2023. Last February, I told you widely watched fears from rate hikes to inflation, Chinese growth to global recession and war were false – they wouldn’t sink global stocks. And they didn’t. Even with multiple widespread worries added, global stocks soared 23.5 per cent in 2023. Why? Markets pre-price fears. Real risks are unseen shocks. I warned of some unlikely but real stealth torpedoes in my February column. They didn’t materialise either – but they weren’t defused. On The Money Make money work for…

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