To remind up to date with the latest financial news in order to make wise financial decisions and to build a healthy, diversified investment portfolio, continue reading to discover some of the latest developments in the finance world.
The Latest Financial News:
The popular international credit card company Visa buys out a tech company for $5.3 billion dollars:
Visa has just completed a deal to purchase Plaid, a financial tech company which Visa purchased for an estimated $5.3 billion dollars. While you may not have heard of Plaid, it allows consumers around the world to link their bank accounts with their financial services accounts such as their Transfer Wire account or PayPal account. Visa believes that they’ll be able to use Plaid’s services in order to significantly increase their 2021 fiscal year’s profits. As already 1 in 4 individuals use such services to transfer money from their bank account to their friends or family members accounts.
One financial analyst predicts that Apple could become a $2 trillion dollar company within two years:
Tech analyst Dan Ives has spoken out about his prediction that Apple will become a $2 trillion dollar company by the end of 2021. Which would make Apple the first company in the world to reach a $2 trillion dollar value. Ives has also stated that he believes that Apple share price will increase by at least 30% in the same two year time period. Why does Ives believe that Apple will reach a $2 trillion dollar value? Ives suggests that a two year bull market and the widespread implementation of 5G technology will help Apple increase its market share and will drive Apple’s share price and worth upwards.
Wall street analysts share their stock picks for the year:
Wall street’s top financial analysts have shared their stock picks for the year and some of the businesses who stocks were recommended by several Wall Street analysts included Mc Donalds, Verizon, Estee Lauder, Viacom CBS and Simon Property Group. One successful Wall Street analyst David Palmer claimed that he believed that Mc Donalds’ shares would perform well as a result of Mc Donalds acquisition of a new digital customer engagement team, which would drive up Mc Donalds’ sales figures.
BlackRock the world’s largest fund manager decides to focus on sustainable investments:
BlackRock which happens to be the world’s largest funds manager has announced that they now plan to focus on sustainable investments. In order to do their part to try and tackle climate change. BlackRock also announced that they plan to double the amount of sustainable ETF funds which they’ll offer their clients. As they believe that there is already a real demand for sustainable investments and that their customers will be excited to able to invest in more sustainable funds and companies.
The US treasury has decided to remove China from their list of currency minipulators:
Shares in the US have increased in value after the US treasury decided to remove China from their list of currency manipulators. The treasury first added China to their list of currency manipulators in August 2019, a decision which caused tensions between the US and China and which negatively effected both countries’ stock markets.
Hopefully you have learned valuable information from the financial news stories above which will help you make wise financial decisions and which will help you build a healthy, diversified investment portfolio.