Reddit Joins Social Media Giants in Public Trading

Reddit Joins Social Media Giants in Public Trading

Reddit, the renowned forum and social media website, is entering public trading this month, joining other social media giants in the battle for the favour of investors. This event is shaping up to be the most anticipated IPO of the year, with Reddit opting out for a quite unique approach that puts the website’s communities first, granting them privileges in its stock trading. Will this strategy pay off for Reddit or is it a step in the wrong direction?

Gold Prices Reach Their All Time High

Gold Prices Reach Their All Time High

Gold recently reached its record value after Jerome Powell, the US Federal Reserve chairman, testified in front of the congress and expressed his positive stance towards potential interest rate cuts this year. The recent gains were fueled by investors increasingly placing bets on monetary policy easing that could happen as soon as June. At the end of the last year, gold prices climbed above $2,000 and remained there as of March, 2024*. Gold demand remains high also due to central banks buying it out as a hedge against inflation.

Main Driving Forces Behind Global Oil Demand in 2024

Main Driving Forces Behind Global Oil Demand in 2024

According to the prognosis by Wood Mackenzie, a global energy research company, oil demand should grow by 1.9 million barrels per day (bpd) during 2024. However, forecasts differ depending on factors such as fossil fuel reduction agreements, decisions of the biggest oil suppliers about oil outputs as well as geopolitical tensions. Middle east conflict in the last couple months have driven oil prices upwards but they somewhat stabilized amid weaker global demand and full inventories especially in the US.

Declining Corn Prices Caught Farmers Off Guard

Declining Corn Prices Caught Farmers Off Guard

American corn farmers misjudged the market last year, when they anticipated hot summer which would result in scarce harvest. Despite drought during May and June of 2023, crops eventually survived thanks to the later rainy weather which led to overflowing storages in South America and the US. Farmers are now regretting not selling the corn when the prices were up. With global competition increasing in addition to oversupply, corn prices are now plummeting, erasing all the gains they made in the last few years.