Author: apexa

The UK economy showed a sharp slowdown in July. On Friday, the official data was released. The rise in Covid cases and supply shortages further delay the lifting up of the Covid lockdown restrictions! The Office of National Statistics said that the Gross Domestic Product (GDP) output was 0.1 per cent in July. This is one-tenth of the pace posted in the month of June. In June, the GDP output was 1.0 per cent. The UK economy grew for around six months. But, due to the Covid-19 delta variant spread, the product/labour shortage has widened. Thus, stalling the economic recovery!…

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Future is Bitcoin! Yes, indeed bitcoin is the future wheel of fortune! The very popular money manager and founder of the asset management firm ARK Invest, made a remarkable statement in one of her interviews. She bashed the billionaires especially money manager John Paulson. In her statement, Cathie Wood asked the billionaires to get some books on bitcoin as this leading cryptocurrency is the future! Wood, a long-time advocate of crypto has exposure to ups and downs of the digital currency. She has seen the performance of many levered stocks such as Coinbase (COIN), and Square (SQ). These experiences came with her various innovation focused ETF’s. John Paulson, like many…

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On Wednesday, the American Video Game Company, GameStop (GME) posted its second-quarter performance. The stocks went down by around 2% at once after the announcement. Later, the stocks saw a fall of 7% which closed at –11% when the market opened on Thursday.    Wall Street estimated the adjusted loss per share as 67 cents. However, the video game retailer posted a loss per share of the second quarter of 76 cents. Also, the revenue was $1.18 billion, against the expected revenue of $1.12 billion. Though the company’s performance is better than last year, wherein the loss per share was -$1.40, still the…

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