Market News

Charmingly Eccentric Dennis Daniel Ssemugenyi Leaves Uganda for Greener Pastures in Canada Dennis Daniel Investment Group (DDIGL) Makes Waves Dennis Daniel Ssemugenyi left Uganda many years ago to seek greener pastures, and his country of destination was Canada. It was a bold move, but one that paid off in spades. Ten years ago, Dennis, along…

Welcome to Mukono Magistrates Court Drama The Theater of Tian Tang Group Chinese Bosses Oh, Mukono Magistrates Court, how you never fail to entertain us with your daily dose of drama and intrigue. This time, the spotlight was on the four Chinese managers of Tian Tang Group, who were accused of attempted murder of rival…

President Museveni celebrates legacy of service at retirement ceremony for Deborah Katuramu A Fond Farewell at State House Entebbe Today was a day of mixed emotions at State House Entebbe as President Yoweri Kaguta Museveni, accompanied by the First Lady Janet Kataaha Museveni, bid a fond farewell to Deputy Head of Public Service, Deborah Katuramu….

Charmingly Eccentric Investment Trends: The Rise of Exchange-Traded Funds The $10 Trillion Milestone Assets held by exchange-traded funds in the US hit $10 trillion for the first time as the investor-friendly products continue their relentless takeover of Wall Street. The growth has been “incredible,” says Amrita Nandakumar, president of Vident Asset Management. Unleashing the Power…

US Stocks Fluctuate as Investors Await Powell’s Speech Market Update US stocks wavered on Monday but were still set for strong monthly and quarterly gains as investors waited to hear Federal Reserve Chair Jerome Powell speak in the run-up to the crucial monthly jobs report. The S&P 500 (^GSPC) was down 0.1%, while the Nasdaq…

Eleven Lost Salvador Dali Lithographs Spark Auction Battle The Discovery Eleven lithographs signed by the Spanish surrealist Salvador Dali sparked an auction battle on Monday after being stored and forgotten in a London garage for about 50 years. The prints, which were found as the seller cleaned up his lock-up in the upmarket Mayfair area,…

Are Tech Stocks the New Gold Rush? The Current Landscape It’s no secret that the stock market has been booming as of late. The S&P 500 and other major indices are hovering near all-time highs, with the potential for significant breakouts on the horizon. What’s driving this surge? It’s a perfect storm of factors, including…

The S&P 500 vs Nasdaq: A Q3 Performance Overview The Numbers In the third quarter of this year, the S&P 500 outperformed the Nasdaq, gaining a solid 5% compared to Nasdaq’s 1.59%. This performance was largely driven by strong showings from key stocks such as Palantir Technologies and Mohawk Industries. However, not all companies fared…