As the Nasdaq 100 marks its 40th anniversary, it finds itself at a crossroads, experiencing transformative change driven largely by technological advancements and emerging financial tools. In its lifetime, the index has witnessed staggering growth, boasting an impressive 17,106% increase since its inception on January 31, 1985. This growth trajectory speaks volumes about the evolution
Finance
As 2025 unfolds, the initial public offerings (IPOs) landscape presents a mixed bag of opportunity and caution. Despite the launch of more than a dozen IPOs, initial market responses have shown a palpable reluctance among investors. The recent debut of companies like Twin Peaks, a spinoff of Fat Brands, underscores the existing hurdles that many
In a notable twist that took market analysts by surprise, Commerzbank revealed its quarterly results, showcasing substantial financial performance and plans that could reshape investor sentiment. The German banking institution reported an impressive 20% escalation in net profit, reaching €2.68 billion ($2.78 billion) for the 2024 fiscal year. This outcome significantly exceeds the consensus estimate
OpenAI is currently engaged in discussions to secure a staggering $40 billion in a funding round that could elevate its valuation to an astounding $340 billion, as confirmed by reports from CNBC. This significant financial endeavor, if successful, would not only highlight OpenAI’s prominence in the artificial intelligence sector but also reshape the landscape of
The recent announcement from the Trump Media and Technology Group (TMTG) regarding its foray into financial services marks a significant pivot for the company, traditionally associated with social media under the Truth Social brand. This strategic expansion, highlighted by the introduction of a new division called Truth.Fi, signifies an embrace of the financial landscape that
In a significant turn of events in the Italian banking world, Mediobanca, a well-established lender, recently turned down a compelling 13-billion-euro takeover offer from Monte dei Paschi, a smaller yet historically significant peer. The refusal, which took place on a Tuesday, created ripples across the financial landscape, highlighted by warnings from Mediobanca about the potential
In a remarkable turn of events, a relatively unknown Chinese AI startup, DeepSeek, has stirred up considerable turbulence in the U.S. technology sector. Its swift ascent has led analysts and investors to reassess the viability and sustainability of the major investments made by American tech behemoths in artificial intelligence. The company, established in May 2023
The World Economic Forum (WEF) in Davos, Switzerland, has long been a hotspot for pivotal discussions among political leaders and business magnates. The recurring themes that resonate through the halls of this esteemed event have evolved over time, but in the latest gathering, three buzzwords have captured the spotlight: diversity, equity, and inclusion (DEI). With
In a significant development within Italy’s banking landscape, Monte dei Paschi di Siena (MPS), the world’s oldest bank, has launched a monumental all-share takeover proposal worth approximately €13.3 billion ($13.95 billion) for its larger domestic rival, Mediobanca. This aggressive pursuit comes as MPS attempts to bolster its standing and reinforce its business model following a
Donald Trump’s recent remarks at the World Economic Forum in Davos have reignited a debate about the perceived treatment of conservative clients by major American banks. During a question-and-answer session, Trump specifically targeted Bank of America and JPMorgan Chase, alleging that the institutions have been discriminatory toward conservatives. This confrontation not only underscores the ongoing