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Investors look past chaos, throw $53 billion at stocks

Bloomberg Traders might have surmised that rising coronavirus cases and turmoil atop the government would breed at least the beginnings of caution among investors. Not so much. In what is shaping up as a historic month for equities, exchange-traded funds focussed on US stocks were just hit with one of the biggest deluges of cash ever recorded, attracting nearly $53 ...

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Bitcoin revival unleashes $300,000 forecast by next year

Bloomberg Bitcoin mania is back and with it, the return of sky-high predictions from celebrity crypto fund managers to Wall Street stalwarts of where it can go next. The world’s largest digital currency is in the midst of an exuberant rally that this week saw it cross above $18,800 for the first time in almost three years. Strategists and crypto ...

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Cooperation among GCC states will be a catalyst for growth

DUBAI / WAM The UAE chaired the 21st virtual meeting of the Gulf Cooperation Council committee tasked with following the implementation of the joint action resolutions, issued by the GCC Supreme Council. In his opening remarks, Mohammad bin Abdullah Al Gergawi, Minister of Cabinet Affairs, said, “The rapid changes that the world is experiencing in various sectors have imposed challenges ...

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