Ever since the announcement of Elon Musk’s stake in one of the biggest social media companies, Twitter, and the speculations surrounding his appointment as a member of the board of directors, the company has experienced erratic sales in shares. Between the tech giant’s obvious influence on the stock value of companies, Twitter’s difficulty in achieving...Read More

Since the last half of 2021, Bitcoin (BTC) has recorded milestones, including El Salvador’s adoption of the cryptocurrency as a legal tender. Earlier this year, Uruguay became the 11th South American country to further embrace cryptocurrency by deploying its first Bitcoin ATM in the tourist city of Punta del Este. The government fully funded this...Read More

The most expensive NFT in the world was priced and sold for $69.3 million. Yes, the unconventional non-fungible tokens (NFTs) can be that expensive, and they are the latest entries in the world of digital art. NFTs have become popular, and now, everyone wants to sell NFTs to become rich. How do you sell an...Read More

When Tesla’s CEO, Elon Musk ran a poll on Twitter for users to decide whether he should sell his stocks or not, he probably saw it as a way of including the world in his business dealings and being transparent, after claims by some Democrat lawmakers that billionaires are evading tax through unrealised gains. In...Read More

Buying stocks requires lots of careful consideration, or the entire activity wouldn’t be much different from gambling. Although the market may be volatile, with companies’ earnings getting affected by issues beyond their control (like the coronavirus pandemic and its aftermath), there are patterns in human behaviours and company operations that can guide you to make...Read More

I can only imagine how the Squid Game characters felt when they knew they had to kill or be killed to get the money. They must have felt cheated, like the entire game was a huge scam, except that it cost them their lives. This is exactly how people who bought the SQUID tokens must...Read More

At Xavier McAllister Capital, this has always been a dilemma. As a trading company, we are still of the opinion that rule-based trading is still the best approach and has underlined how we plan our strategies and trades. Simply said, If the criteria is met, the trade is taken. If not, we don’t then don’t...Read More

Facebook makes the decision to change its name to Meta. In an African language, – Meta stands for “3”. Facebook’s decisions stem from an idea to have Facebook, Instagram, and WhatsApp all come under one umbrella just like when Google decided to name its parent company Alphabet. Economically, due to how Meta is connected to...Read More

The Organization of the Petroleum Exporting Countries (OPEC) has a new policy agreement that has increased the number of barrels of oil its member countries and allies (OPEC+) can produce per day. So, what does this mean for oil exporters? In April 2020, OPEC+ approved an oil production cut by 10 million barrels per day...Read More

For many years, cryptocurrency has enjoyed investors’ approval because it is decentralized and unregulated by any government. It felt satisfying to be able to control an asset that was not subject to the whims of government policies and politics. But what has stood to be its major advantage for a long time has now also...Read More