by finance_admin | November 18, 2024 | Aviation
Spirit Airlines, a trailblazer in ultra-low-cost air travel in the United States, has filed for bankruptcy protection, citing prolonged financial struggles, mounting debt, and a series of operational challenges. The airline’s troubles worsened after the collapse of...
by finance_admin | November 16, 2024 | Technology
Palantir Technologies’ stock soared 11% on Friday, hitting a record $65.77 per share and boosting its market capitalization to $150 billion. The surge follows the company’s announcement of its plan to switch its listing to the Nasdaq from the New York Stock...
by finance_admin | November 15, 2024 | Energy
Oil prices edged lower on Friday as concerns about oversupply and a strengthening U.S. dollar overshadowed signs of stronger demand and a steep drop in U.S. fuel stockpiles. Brent crude futures fell 0.41% to $72.26 per barrel, while West Texas Intermediate (WTI) crude...
by finance_admin | November 15, 2024 | Real Estate
Asteco’s Q3 2024 real estate report showcases a vibrant UAE property market, with growth trends in Abu Dhabi, sustained momentum in Dubai, and increasing activity in the Northern Emirates. Abu Dhabi: Growth Driven by Development Pipeline The capital saw the completion...
by finance_admin | November 15, 2024 | Retail
Lulu Retail Holdings Plc’s shares closed flat at AED2.04 in their debut on the Abu Dhabi Securities Exchange (ADX) following a highly anticipated IPO that raised $1.72 billion. Despite the IPO’s oversubscription—exceeding AED135 billion in demand from...
by finance_admin | November 15, 2024 | Retail
China reported a notable 4.8% year-on-year increase in retail sales for October, surpassing the 3.8% forecast and marking an improvement from September’s 3.2% growth. This growth highlights the impact of recent stimulus efforts aimed at boosting the economy. However,...
