Category: Industries

April 23, 2024

Kantar Worldpanel, which compiles price and sales data from the major chains, noted a 14th consecutive slowing in the annual pace of price rises at the tills in its latest report on the sector. It found that savvy shoppers took […]

April 15, 2024

Shares of Trump Media plunged more than 13% on Monday after the company filed to issue millions of additional shares of stock. Trump Media’s dramatic slide came as Donald Trump headed to a Manhattan court to begin jury selection for […]

April 12, 2024

JPMorgan Chase on Friday posted profit and revenue that topped Wall Street estimates as credit costs and trading revenue came in better than expected. Here’s what the company reported compared with estimates from analysts surveyed by LSEG, formerly known as […]

April 10, 2024

New York Community Bank, the regional lender that needed a $1 billion-plus lifeline last month, is offering the country’s highest interest rate for a savings account. NYCB raised the annual percentage yield offered via its online arm, My Banking Direct, […]

April 8, 2024

Israeli soldiers have been called back from Southern Israel after sparking outrage over the recent aggression that killed seven aid workers. The US sent a particularly strong message that civilians need to be protected and that Israel needs to allow […]

April 5, 2024

OPEC met this week with the organization largely expected to stick to the prior agreement for oil supply in Q2. Numerous officials, who wished to remain unnamed, were cited by Reuters in the lead up to the meeting that took […]

April 3, 2024

The attack on the Taneco facility, in the province of Tatarstan, appears to have been Kyiv’s deepest strike inside Russian territory since the invasion of Ukraine more than two years ago. The strike on Tuesday started a fire which took […]

March 27, 2024

Crude Oil Prices look set to make Wednesday a second day of falls as the market still looks keen on taking some profit after this month’s rise to highs not seen since October. News that US stockpiles increased very markedly […]

March 26, 2024

Tuesday, GLJ Research maintained a Sell rating on Tesla shares (NASDAQ:TSLA) with a price target of $23.53, revising down its Q1 delivery estimates due to softening demand in China and the United States, coupled with sluggish European sales in recent […]

March 25, 2024

Ofgem has launched a review into the future of the energy price cap in a bid to ensure it continues to protect consumers in the net zero age. The energy regulator said the move towards renewable energy sources, use of […]

March 22, 2024

Over the past 24 hours, the escalating conflict between Russia and Ukraine has taken a significant toll on energy infrastructure in both countries. In Ukraine, a series of Russian missile strikes targeted critical energy facilities resulting in at least five […]

March 21, 2024

On Thursday, Mizuho Securities adjusted its outlook on Herbalife (NYSE:HLF) Nutrition Ltd. (NYSE:HLF), reducing the price target to $10 from the previous $12, while keeping a Neutral rating on the stock. This change comes in the wake of the company’s announcement on […]

March 20, 2024

The data from the Office for National Statistics (ONS) showed no let up in the surging costs faced by renters since 2022. It reported a leap of 9% over the 12 months to February in a provisional estimate, up from […]

March 19, 2024

The Bank of Japan is set to wrap up its March monetary policy meeting on Tuesday (Japan time, still Monday in NY). After recent media leaks, the institution led by Governor Kazuo Ueda is widely expected to end negative borrowing […]

March 15, 2024

As financial services companies prepare for the advent of open banking in the U.S., thanks to a pending Consumer Financial Protection Bureau rule proposal, the agency’s director, Rohit Chopra, warned of “dangers” in setting standards for the new realm. In […]

March 14, 2024

Wholesale prices accelerated at a faster-than-expected pace in February, another reminder that inflation remains a troublesome issue for the U.S. economy. The producer price index, which measures pipeline costs for raw, intermediate and finished goods, jumped 0.6% on the month, […]

March 7, 2024

Tech firms and Silicon Valley billionaires have been pouring money into nuclear energy for years, pitching the sustainable power source as crucial to the green transition. Now they have another incentive to promote it: artificial intelligence. While generative AI has […]

March 6, 2024

Abercrombie & Fitch (ANF) reported better-than-expected earnings and revenue for the fiscal fourth quarter, with comparable sales and gross margin also topping expectations. ANF shares fell around 3% at the market open. The company announced its Q4 earnings per share […]

March 5, 2024

Chinese Premier Li Qiang made the announcement at the opening of the country’s annual meeting of the National People’s Congress on Tuesday, in a speech that prioritised both security and the economy. Mr Li said the government would issue 1 […]

February 23, 2024

Pitigoi’s exit from San Jose, California-based payments giant PayPal comes on the heels of another senior finance exec’s departure. Earlier this month Gabrielle Rabinovitch left the company to take the top financial seat for merchant payments provider Worldpay after serving […]