As 2024 comes to a close, Malaysia has reported a third-quarter GDP growth of 5.3%, demonstrating strong economic resilience. Robust investment and financing activities have been a key support factor, with 46 companies completing Initial Public Offerings (IPO) this year, marking the highest level in nearly five years.
According to Bursa data, there have been 11 companies listed in the fourth quarter to date, raising a total of 798 million ringg...

Trading for options on BlackRock's Bitcoin spot ETFs commenced on Nasdaq this Tuesday, marking a new approach to engaging with Bitcoin's market movements. In the opening hour of trading, the volume of options contracts reached 73,000, placing IBIT among the top 20 most traded non-index options, as reported by Nasdaq. The options achieved an unprecedented notional exposure of $1.9 billion. Bloomberg's ETF analysts h...

In celebration of the fifth anniversary of its Nasdaq listing, Futu is pleased to announce that its board of directors approved a special cash dividend of US$0.25 per ordinary share, or US$2 per American Depositary Share (“ADS”), to shareholders of record as of the close of business on December 6, 2024 (U.S. Eastern Time), payable in U.S. dollars. The aggregate amount of the special cash dividend to be paid will be approximately US$280 million. The pa...

Last week, Warren Buffett once again made headlines for his "wholesale" stock sell-offs. The latest quarterly report revealed that Berkshire Hathaway continued to reduce its stock holdings, with its cash reserves reaching a record high of $325.2 billion, up 17.4% from $276.9 billion at the end of the second quarter.
Measured against the company's total assets, Berkshire now holds approximately 28% in cash, the highest proportion in many y...

Trump's policies will lead to the most serious recession in usa history.

Electric vehicle giant Tesla (TESLA), after the U.S. presidential election, saw a surge in stock price, even doubling compared to the lowest point this year. American investment tycoons still bullish on Tesla's potential to rise several times.
Investment tycoon Baron (RON BARON), who is also a major shareholder of Tesla, stated that Tesla's market cap could rise to $5 trillion within 10 years. Tesla's CEO Musk also believes that Tesla's market cap could reach $30 trillion.
In response to Trump's election as the next U.S. president, Musk's support played a significant role. Recently, Tesla's stock price surged by over 25%, with its market cap surpassing $1 trillion again.
Barron was one of the early investors in Tesla, and Baron Capital, managed by him, invested 0.4 billion USD in the company between 2014 and 2016.
He once disclosed that his investment in Tesla brought him a profit of 6 billion USD. Tesla currently accounts for one-tenth of Barron's stock investment.
Barron, when interviewed by CNBC on Friday, believes that due to the development of humanoid robot Optimus, Tesla could reach over 3 trillion USD in the next 10 years, even 4 trillion or 5 trillion USD. Therefore, he will not sell his Tesla stocks at the current stage.
He also revealed that Musk believes that Tesla's market cap is more likely to reach 30 trillion dollars.
Tesla closed 9.54 dollars higher on Friday at 320.72 dollars.
source: 9Share