We’re back on Forbes Business Council!
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What’s new with Wealthface: We’re back on Forbes Business Council!
CEO of Wealthface, Bilal Majbour, is always looking for ways to voice his comments and business discussions as part of his mission to educate everyone on the importance of investing and the way to a successful future.
As a result, our very own CEO has his insights and comments regularly featured on Forbes Business Council as part of his membership, along with his articles that discuss different financial topics that are pertinent to the business and Fintech world.
This week, he touched on the topic of failure along with several other Forbes Business Council members, advising companies and employees alike to embrace failure and use it as a way to grow.
?In his own words, our CEO commented, “Failure is part of any successful journey! We should look at long-term goals and adapt to any short-term failure–the failure can be direct or indirect, financial or nonfinancial. Any type of failure needs an immediate reaction and adaptation to include it in the overall strategy, so that the business can absorb it and learn from it to achieve any long-term goals.”
If you’re looking for more insights on the topic, read the article here!
Also, to get the bigger picture, check out our CEO’s other articles on Forbes Business Council. We believe you would find this article on the importance of diversification, Taking Cues From Seasoned Investor: The Importance of a Diverse Portfolio, particularly interesting!
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World market news: What about this week’s stock news?
The U.S stock market was in shambles on Friday after the September jobs report defeated expectations, signaling that the Fed will not attempt to help struggling stocks by implementing some rate cuts. Although job growth slowed over the last month, the U.S. added 263,000 new jobs and the unemployment rate went down.
?A solid jobs report like this one is usually good news. However, in these odd economic times, having a strong jobs report implies that the Fed will hike interest rates!
However, according to many, this crash is expected to be the “final crash” of the 2022 bear market.
What about investors? Well, regardless of how things will turn out. Remember,? we're in it for the long haul!
Stock Futures
The Dow Jones futures ticked down a little on Sunday night, along with S&P 500 futures and Nasdaq futures.
Bonds are taking a day off
Investors, note that the stock market is open on Monday, but bond trading is closed for Columbus Day.
Stocks to watch
Oil stocks!
领英推荐
Because of? OPEC+ most recent? move, which you will read about it in detail in our thing’s to look out for section, oil prices have surged causing oil stocks like Exxon mobil and Chevron to go up!
Source: Investor’s Business Daily
?GCC market news: We're back to talking about the UAE's participation in the Metaverse!
?The Dubai Airport Free Zone will be the latest company to join the Metaverse in Dubai! After launching METADAFZ, the Dubai Airport Free Zone has its eyes on attracting foreign direct investment (FDI) and businesses to the free zone.
METADAFZ is set to contribute to improving the position of the Dubai Airport Free Zone, along with its presence as a leading integrated station for establishing businesses in Dubai and the UAE.
Source: Arabian Business
Weird Financial News: Some Apple News!
Apple, the tech giant, never fails to surprise investors. Whether it’s the new iPhone, iPad, or Mac, there’s always something up Apple’s sleeves, but did you know that Apple’s cash and investments are now equal to the GDP of Hungary and actually surpassed the GDP of Iraq and Vietnam?!
Source: firmex
?Things to look out for: OPEC+ decisions, the dollar, and cryptocurrencies!
??Many officials around the world voiced their opinions regarding OPEC+ most recent decision to cut production, among them Janet Yellen, the US Treasury Secretary. Yellen commented on OPEC+'s decision to cut oil production, deeming it “unhelpful and unwise” for the global economy, and specifically to emerging markets that are battling high energy prices.
The Dollar rally
Investors, check out how the dollar rally situation might affect the US stock market:
The gain in the U.S. dollar is expected to affect corporate financial results, spelling potential trouble for stocks that have already gone through a negative year!
Cryptocurrencies
After U.S. stocks dipped on Friday, Bitcoin and Ethereum were basically flat for the second consecutive week!
Crypto investors are reportedly grateful they avoided this week's steep stock decline, so let's see if cryptocurrencies will continue to hold up!
?Source: Decrypt