Thursday, September 23

Money 💰

What’s with GME, AMC and BB, a FAQ
Money 💰

What’s with GME, AMC and BB, a FAQ

The simplest answer is that its stock price has skyrocketed — by somewhere around 8,000 percent over six months. The more complex answer is that its stock has become the central game piece in a financial power struggle between a major hedge fund, Melvin Capital, and a group of amateur stock traders who yell on the internet. Mike Novogratz, an investor and former hedge fund manager, said the internet activity is the result of frustration that everyday investors are often locked out of lucrative opportunities, such as initial public stock offerings. Like many companies that are in rough shape, GameStop was the subject of what's called short selling, in which professional investors borrow shares of stock to sell and then buy back later so they can return them, which lets them pocke...
Online Transfer AED to 70+ countries – First time ever
Money 💰

Online Transfer AED to 70+ countries – First time ever

TransferWise, a global low-cost digital money transfer service, is now operating in the UAE, six months after receiving its license from Abu Dhabi Global Market’s Financial Services Regulatory Authority. Key Advantages when using Transferwise online transfer On average Transferwise is 2x cheaper than banks and exchange houses Send money from AED to 70+ countries with ability to send to bank accounts or mobile wallets in the Philippines Convenient - can track status of transfer via desktop or mobile app, fully online service so no need to visit exchange houses in person, sending via bank transfer rather than SWIFT transfer so beneficiary avoids fees Regulated: TransferWise Nuqud Ltd is regulated by the Abu Dhabi Global Market (ADGM) Financial Services Regulatory Authority (FSRA). I...