“One of the very nice things about investing in the stock market is that you learn about all different aspects of the economy. It’s your window into a very large world.” ― Ron Chernow.
The technology sector rules world business. Gulf Brokers updated its review of the world’s richest people investing in technologies. Since first publishing the list, based on data from Forbes Real Time Billionaires, in April 2021 there is another billionaire among the world's 10 richest people. It is Steve Ballmer moving from 14th to the 10th place in the Forbes ranking as of October 29, 2021. The trend of accelerating technologies is thus confirmed even in month-on-month movements in the billionaires’ wealth.
What is behind the success of a broker nowadays when the competition is ever demanding and new technologies are redefining everything, including client services in financial and capital markets?
The social media apps enjoyed a huge surge in usage in 2020 after people were trapped inside their homes looking for an escape during the pandemic time. How does the story go in 2021?
Recently, social media pioneers Twitter, Facebook, Snapchat and Pinterest delivered strong results for the second quarter, which ended on June 30. The exception was Pinterest, shares of which fell more than 20% within two weeks after the Q2 earnings announcement.
The central banks are under pressure of fears of higher inflation around the world, and the investors are closely monitoring how the central banks would react to recent record inflation rates.