Saudi Arabia raises money after exhausting cash reserves
The Saudi Arabian sovereign wealth fund has nearly depleted its available cash reserves following three years of substantial investments, including significant funding for the new city of Neom and its…
America rich, America poor
Wealth distribution in the US has become increasingly concentrated since 1990. Today, the wealth share owned by the top 0.1% is at its peak, with households at the highest tier…
US traders gamble options
According to recent data from Goldman Sachs, nearly half of all option trading volume on the S&P 500 is accounted for by options that expire within 24 hours. This trend…
Toyota beats Tesla
Toyota’s shares have outperformed Tesla in growth over the last three years. Since the beginning of 2024, Toyota’s stock price has increased by 29.56%, while Tesla’s has fallen by 19%.…
Another G7 member gets hit by recession.
According to preliminary government data, the Japanese economy unexpectedly fell into a technical recession: in the fourth quarter of 2023, GDP decreased by 0.4%. In the previous quarter, the decline…
Options traders betting Bitcoin will rocket to $65,000.
The data indicates that traders are buying Bitcoin call options with strike prices close to its historical high of $69,000. To the Moon?